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Oct 21, 2019 6:42 AM ET

Electric Mop Market Will Increase at a CAGR of close to 7% During 2019 to 2023: Analysis Includes Size, Share, and Revenue

Electric Mop Market Will Increase at a CAGR of close to 7% During 2019 to 2023: Analysis Includes Size, Share, and Revenue

iCrowd Newswire - Oct 21, 2019

Electric Mop Market” Research Report is beneficial to grab top position in this competitive industry. This report contains every details about trends, drivers, and barriers with respect to the Electric Mop market. It also delivers synopsis of market considering regional growth, classification of products and application. Report includes in depth analysis of major players with growth strategies, shares and their profiles.

“Electric Mop market is giving the largest share of 6.37% in 2018 and expected to grow at compound annual growth rate (CAGR) of close to 7% during forecast period 2019-2023.“

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About Electric Mop Market:

Electric mop is an alternative to the traditional sweeping and mopping technique, which works on electricity. Our electric mop market analysis considers sales from corded electric mop and cordless electric mop. Our analysis also considers the sales of electric mop in Europe, North America, South America, and MEA. In 2018, the corded electric mop segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as ease in operation will play a significant role in the corded electric mop segment to maintain its market position. Also, our global electric mop market report also looks at factors such as convenience offered by electric mop, increasing number of end-users and rising popularity of electric spin mops. However, availability of substitute products, limitations associated with use of electric mops on hardwood or laminate floors and increasing availability of counterfeit products may hamper the growth of the electric mops industry over the forecast period.

Market Driver: convenience offered by electric mopMarket Trend: growing popularity of electric mops with steam cleaning optionMarket Challenge: limitations associated with use of electric mops on hardwood or laminate floors and increasing availability of counterfeit products.Convenience offered by electric mopsElectric mops offer a versatile option for cleaning floors as these mops can be used on a variety of floor surfaces, including linoleum and vinyl. Electric mops possess swivel steering handles for easy cleaning, maneuvering, and accelerating the cleaning process. The benefits offered by electric mops will maintain their demand during the forecast period, thereby driving the expansion of the market at a CAGR close to 7% during the forecast period.Growing popularity of electric mops with steam cleaning optionAs end-users prefer electric mops with added benefits and improved convenience, several vendors are seen focusing on integrating additional features into regular electric mops, such as steam cleaning. Electric mops with the steam cleaning option ensure quick break down of dirt and eliminate germs without the use of extra water. They also cut the need for artificial fragrances or harsh chemicals. Such benefits are expected to increase the sales of electric mops, driving the growth of the global market during the forecast period.

Electric Mop market report studies the industry chain and supply chain which includes R and D, raw material, manufacturing plants, offline and online sales channel, end user analysis and marketing strategies for market growth gives guidelines on development trends and forecast.

Electric Mop Market has been segmented on the basis of industry which comprises of:

Electric Mop market report provides regional analysis forecast (2019-2023) including following regions and country level analysis:APAC, Europe, MEA, North America, and South America

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Following key points gives overall report analysis:

Competition by Companies:Electric Mop market report gives analysis on average price, concentration rate, competitive situation and trends, share of top 3 and top 5 manufacturers, manufacturing base distribution, sales area and product type.

Production, Export, import by Region:Geographical analysis provides price and gross margin, supply (production), consumption, revenue (value) and market share etc.

Study by Application:This analysis of Electric Mop Market provides drivers and opportunities based on key consumers, potential application, emerging markets/countries.

Industrial Cost Analysis:This analysis of Electric Mop market includes key raw materials, price trend of key raw materials, key suppliers of raw materials, market concentration rate of raw materials, proportion of manufacturing cost structure.

Market Forecast:Forecast on growth rate, production, consumption, revenue and price trend, applications, types and technology to be used, risks to be taken etc.

In the end, the Electric Mop Market feasibility of new investment plan is evaluated, and wide Electric Mop research conclusions are offered in the report. Electric Mop Market report delivers major statistics, list of Figures, Tables, Charts which is the detail source of data for guidance and understanding of Electric Mop Industry.

No. of Pages: 113

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TOC of Electric Mop Market ReportPART 01: EXECUTIVE SUMMARYPART 02: SCOPE OF THE REPORT2.1 Preface2.2 Preface2.3 Currency conversion rates for US$PART 03: MARKET LANDSCAPEMarket ecosystemMarket characteristicsMarket segmentation analysisPART 04: MARKET SIZINGMarket definitionMarket sizing 2018Market size and forecast 2018-2023PART 05: FIVE FORCES ANALYSISBargaining power of buyersBargaining power of suppliersThreat of new entrantsThreat of substitutesThreat of rivalryMarket conditionPART 06: MARKET SEGMENTATION BY PRODUCTMarket segmentation by productComparison by productCorded electric mop – Market size and forecast 2018-2023Cordless electric mop – Market size and forecast 2018-2023Market opportunity by productPART 07: CUSTOMER LANDSCAPEPART 08: GEOGRAPHIC LANDSCAPEGeographic segmentationGeographic comparisonNorth America – Market size and forecast 2018-2023Europe – Market size and forecast 2018-2023APAC – Market size and forecast 2018-2023South America – Market size and forecast 2018-2023MEA – Market size and forecast 2018-2023Key leading countriesMarket opportunityPART 09: DECISION FRAMEWORKPART 10: DRIVERS AND CHALLENGESMarket driversMarket challengesPART 11: MARKET TRENDSGrowing popularity of electric mops with steam cleaning optionIncreasing end-user preference toward remote-controlled electric mopsRising demand for janitorial servicesPART 12: VENDOR LANDSCAPEOverviewLandscape disruption

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