Market Forecast
In 2019, the Global Spin Mops Market was valued at USD 720.7 Million and is expected to register a CAGR of 6.5% between 2020 and 2027.
Mops prove to be a great tool for cleaning surfaces. Cleaning mops come in several types. Spin mops are one of their kind. They are wet mops that spin away dirty water from the mop head. The dirty water is collected in the bucket. The centrifugal force created from spinning dispels dirty water from the microfiber mop head.
Across the globe, the demand for spin mops is increasing substantially. convenience while mopping floors has been one of the major factors behind the growth of the market. With the rising trend of DIY, the home cleaning segment has been experiencing technological innovation for the last couple of years. This has helped in creating lucrative opportunities for home cleaning equipment manufacturers. Additionally, the rising shortages of domestic helpers are further propelling the growth of the market. Furthermore, few other factors such as rising disposable income, growth of the organized retail sector, and the advent of e-commerce channels have further propelled the market's growth in recent times. The growth is anticipated to witness an upward trajectory in the emerging economies. With increasing urbanization, growth of the real estate sector, increasing millennial population as well as advent of many emerging players of spin mops in developing regions, the spin mops market analysis is expected to witness a substantial growth rate in coming years.
Additionally, the outbreak of COVID-19 pandemic has resulted in a surge in demand for spin mops across the globe. As more people across the globe are staying at home due to lockdown restrictions, demand for home cleaning products has substantially increased. This is evident from the double-digit and triple-digit growth rate in sales of spin mops through various e-commerce channels. For instance, in India, e-commerce channel ShopClues witness a 100% increase in demand for spin mops-with-bucket. E-commerce channels such as Amazon, Flipkart, and Paytm Mall have witnessed a surge in demand for spin mops and other household cleaning equipment post the COVID-19 outbreak. A substantial decrease in domestic helpers in India and other emerging economies post the COVID-19 outbreak due to lockdown restrictions and prevent the spread of the infection has resulted in exponential demand for spin mops.
Key Players
3M (US), Freudenberg Group (Germany), C. Johnson & Son, Inc. (US), Mopnado (US), Bed Bath & Beyond Inc. (US), BISSELL (US), Addis Ltd. (UK), Procter & Gamble (US), Mapa Spontex UK Ltd. (UK), TTK Prestige Limited (India)
Market USP
Increasing demand for convenience while mopping
Growth Opportunities in the Market
Semi-Automatic spin mops dominate the global spin mops market: Semi-automatic mops dominate the global spin mops market. Semi-automatic spin mops are more convenient to use as it is more user friendly to determine the amount of water that needs to be drained from the mop using the paddle. Additionally, semi-automatic spin mops are affordable with wide varieties, making it more accessible to the end user.
Residential segment is anticipated to dominate the market: The demand for spin mops from the residential segment is increasing at an exponential rate since last couple of year. Increasing trend of DIY, growing demand for convenience in home cleaning equipment has led to the advent of many user friendly spin mops in the market. Additionally, the sharp decline in number of domestic helpers across the globe post Covid-19 outbreak has further resulted in the rising demand for spin mops.
Easy Availability of spin mops in Store-Based distribution channels: The easy accessibility of spin mops in store-based distribution channels has resulted in its dominance. Additionally, the increasing number of store-based channels for sale and purchase of spin mops worldwide, such as supermarkets and hypermarkets and convenience stores as well as several other local stores, have resulted in the dominance of store-based distribution channels. However, during the COVID-19 outbreak, individuals prefer online purchases. E-commerce companies are also providing discounts and various options to promote a healthy and safer way of purchases during this tough times. This is evident from surge in sales of spin mops from e-commerce channels (triple digit growth rate) post COVID-19 outbreak.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.