ID: MRFR/CR/8957-HCR | March 2021 | Region: Global | 90 pages
Global Spin Mops Market size in 2019 was valued at USD 720.7 Million and is expected to exhibit a CAGR of 6.5% from 2020 to 2027.
Spin mops are a type of wet cleaning mops used in mopping floors. The specialty of such types of mops is that they drain the water more effectively using the centrifugal force created by spinning it.
The increasing demand for the convenience of mopping floors has led the manufacturers to continuous innovations. The growing concept of “Do It Yourself” in the home cleaning segment has led to the rising popularity of spin mops across the globe. The rising shortages in domestic helpers are further propelling the growth of the market in recent times. The growth of the spin mops market is anticipated to propel more in the emerging economies. Rising disposable income, rising number of housing units due to rapid urbanization, growth of the organized retail sector, strong millennial population are some of the other key factors that is expected to contribute towards the growth of the market in coming years. Strong internet penetration across regions has led to the growth of e-commerce channels which has further led towards the growth of the market.
The outbreak of COVID-19 has led to the growth of the market. Post the COVID-19 outbreak, the demand for cleaning mops has increased substantially as more people are restricting themselves inside homes due to lockdowns. This is evident from the triple-digit growth rates in sales of spin mops from various e-commerce channels. For instance, e-commerce channel ShopClues has witnessed 100% surge in demand for spin mops post Covid-19 outbreak. Similar e-commerce channels have witnessed surge in demand for spin mops across the globe.
Global Spin Mops Market has witnessed exponential growth in the last couple of months. The outbreak of the global COVID-19 pandemic has created lucrative growth opportunities for spin mops manufacturers across the globe. As people are staying more at home due to lockdown restrictions, more focus is given to home cleanliness. Additionally, e-commerce channels have proved to be a live saver during these tough times. End consumers have well-accepted the online purchase of spin mops as this has helped in reducing the infections substantially.
Increasing demand for convenience while mopping
By Product Type
By Distribution Channel
|Market Size||USD 720.7 Million|
|CAGR||6.5% (2020 to 2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, End Use and Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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) and TTK Prestige Limited (India)|
|Key Market Opportunities||The outbreak of the global COVID-19 pandemic has created lucrative growth opportunities for spin mops manufacturers across the globe|
|Key Market Drivers||