COVID19 Impact on Spin Mops Market 2021 Industry

COVID19 Impact on Spin Mops Market 2021 Industry Insight
and Growth Strategy by Business Players

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

Browse for more info: https://www.marketresearchfuture.com/press-release/spin-mops-market

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.