Electric Mop Market Business Opportunities, Top Manufacture, Growth, Share Report, Size, Regional Analysis and Global Forecast to 2029

The global electric mop market size is expected to witness an elevated growth owing to increased usage among commercial settings and rising COVID-19 cases among the general population. This information is provided by Fortune Business Insights™, in its report, titled, “Electric Mop Market, 2022-2029.” Also, improving growing infrastructure related to hotels and hospitals will increase the footprint of the market during the forecast period.

COVID-19 Impact

Disruptions in Supply Chains & Lockdowns to Impose Limit on Market Growth during Pandemic

The COVID-19 pandemic negatively affected the market of electric mop as various government imposed lockdowns and movement restrictions on the general population. Production and manufacturing activities were shut down to curb the spread of the virus, which triggered a decrease in the market share. The financial downturn, disruptions in supply chains, and reduced consumer spending during the initial stages of the pandemic led to a decline of the market value. Volatility in raw material pricing and faltering transport sector will further decrease the market to a fair extent.

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Fortune Business Insights™ lists out all the electric mop market companies that are presently striving to reduce the impact of the Covid-19 pandemic on the market:

• Haier Group Corporation (China)
• TTK Prestige Ltd. (India)
• Xiaomi Corporation (China)
• TMD MKTG (U.S.)
• Mamibot Manufacturing USA (U.S.)
• V BEST TEAM SDN BHD (Malaysia)
• Cyclomop (U.S.)
• Redfern Enterprises (Canada)
• The Samsung Group (South Korea)

Report Coverage

The market report for electric mops covers a wider range of prospects covering the latest products, upcoming R&D activities, and ongoing technological advancements. Additionally, factors including recent investments, prominent players and their accompanying strategies, and untapped geographical regions are presented in the report. Also, a forecast period has been provided in the report based on various data triangulation methods and methodologies.

Drivers & Restraints

Rising Brand Campaigns & Regular Introduction of Innovations to Augment Market Growth

Factors such as increasing focus of prominent players towards brand campaigns aimed at uplifting home appliance product range coupled with rising introduction of innovative mops will boost the electric mop market growth during the forecast period. Rising adoption of user-friendly home care tools and equipment will increase the footprint of the market. Additionally, increased product integration towards commercial settings such as hotels and hospitals coupled with increasing coronavirus infections prompting cleanliness will fuel the growth of the market.

However, easy consumer accessibility towards traditional mops will hinder the growth of the market during the forecast period.

Regional Insights

North America to Witness Dominance Due to Rising Consumer Spending on Household Cleaning Supplies

North America will occupy the largest electric mop market share during the forecast period owing to increased consumer spending on vacuum cleaners, mops, and detergents among others coupled with shifting consumer trends towards highly-innovative home care equipment.

The Asia Pacific will hold considerable market share in terms of global contribution due to the presence of prominent players in the region and increasing consumer awareness. Rising availability of products through social media platforms and rising influence of YouTube, Instagram, and others will increase the footprint of the market in the region.

Segments

Based on category, the market can be divided into steam & spray.

By connectivity, the market can be broken down into wireless and wired.

With respect to applications, the market can be segmented into residential & commercial.

Based on the distribution channel, the market can be fragmented across offline & online.

In terms of geography, the market can be categorized into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

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Electric Mop Market Size Highlights of the Report:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the Electric Mop market.
• Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Electric Mop market

The Global Electric Mop Market Research/Analysis Report Contains Answers to your following questions:

• Which Manufacturing Technology is used for Electric Mop ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Electric Mop Market? What are Their Company Profile, Their Product Information, and Contact Information?
• What Was Global Market Status of Electric Mop Market? What Was Capacity, Production Value, Cost and PROFIT of Electric Mop Market?
• What Is Current Market Status of Electric Mop Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Electric Mop Market Trends by Taking Applications and Types in Consideration?
• What Are Projections of Global Electric Mop Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• What Is Electric Mop Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is Economic Impact On Electric Mop Industry? What are Global Electric Mop Analysis Results? What Are Global Electric Mop Development Trends?
• What Are Market Dynamics of Electric Mop Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Mop Industry?

Competitive Landscape

Key Market Players to Focus on Mergers & Acquisitions to Establish Dominant Lead

A large share of the prominent organizations present in the market of electric mop are looking to extend their presence on a global scale by signing mergers & acquisitions and collaborations. Additionally, companies are focused on expanding their market share by introducing novel products and investing heavily into research and development activities. For example, in May 2020, Haier Group Corporation announced launching their HaierTab Tabot, a diversified robotic map that has the ability to perform floor mopping and vacuuming functions all integrated in a single device. Others are focused on integrating digitalization and tapping into e-commerce platforms for increasing their sales volume.

Industry Development

• December 2020: Xiaomi Corporation announced launching the Mi Robot Mop-P for the Indian markets. The Mi Robot Mop-P features a smart laser distance sensor (LDS) that features a navigation system for providing an efficient floor-cleaning experience for their users.

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