Spin Mops Market Summary
As per Market Research Future Analysis, the global Spin Mops Market is projected to reach USD 720.7 million by 2032, growing at a CAGR of 6.5% from 2024 to 2032. The market is driven by the increasing demand for convenient cleaning solutions, rising disposable incomes, and urbanization. The COVID-19 pandemic has further accelerated demand, with significant growth in online sales. However, competition from substitutes and counterfeit products poses challenges to market growth.
Key Market Trends & Highlights
The Spin Mops Market is witnessing significant growth driven by various factors.
- Market size in 2019 was valued at USD 720.7 million.
- CAGR of 6.5% expected from 2024 to 2032.
- Post-COVID-19, online sales of spin mops surged by 100% on platforms like Shop Clues.
- Asia-Pacific is anticipated to be the fastest-growing region during the forecast period.
Market Size & Forecast
Market Size in 2019 | USD 720.7 Million |
Expected Market Size by 2032 | USD 720.7 Million |
CAGR from 2024 to 2032 | 6.5% |
Major Players
3M (US), Freudenberg Group (Germany), C. Johnson and Son, Inc. (US), Mopnado (US), Bed Bath and Beyond Inc. (US), BISSELL (US), Addis Ltd. (UK), Procter and Gamble (US), MapaSpontex UK Ltd. (UK), TTK Prestige Limited (India)