Global Steam Mop Market Forecast & Forecast Report 2023: USD 4.25+ Billion Market By 2028
The global steam mop market is expected to reach value $4.26 billion By 2028 from $2.95 billion In 2022, it will grow at a compound annual growth rate of 6.3%
Renting permanent or long-term cleaning equipment is becoming more and more popular in the steam mop market, supported by many vendors who rent and lease their own steam cleaners. The management and operation of cleaning equipment may present issues such as maintenance, repair, downtime, compliance, and replacement.
Traditionally, apart from individual and direct consumers, these machines are purchased by cleaning management services or facilities. However, the new market trend of renting variable term cleaning equipment has become a hugely popular alternative to buying equipment because it is cost effective and hassle free.
Growth in leasing services is set to pick up in leading or emerging markets. Financial problems, market regulations, and increasing cost of ownership are giving way to the growth of the equipment leasing services industry.
Increased demand from the hospitality industry
Hospitality is one of the fastest expanding sectors in the world. The expansion of travel and tourism has mostly led to the international expansion of the hospitality sector. According to the World Travel and Tourism Council, the global travel and tourism industry will contribute 5.3% to global GDP in 2020, making tourism one of the world’s most contributing and fastest growing sectors.
Cleanliness is paramount in the hotel business to satisfy and retain customers. The growth of the hospitality industry and the increasing demand for maintaining hygiene and a higher degree of hygiene and sterilization globally are key factors for the steam mop market.
The hospitality industry mainly constitutes four major segments that drive the growth of the overall industry. In all of these sectors, the use of steam mops to maintain cleanliness is crucial.
The global steam mop market is highly competitive, with several key companies offering diversified products to meet customers’ demands.
Some of the major market participants are BISSELL, Techtronic Industries, Karcher, and SharkNinja. SharkNinja is a prominent producer of household cleaning supplies and is known for its innovative, high quality steam mops.
Furthermore, Bissell is a well-known entrant in the steam mop business, recognized for its effective and reliable cleaning solutions. Dirt Devil is a major manufacturer of steam mops, with a wide range of devices to meet different cleaning requirements and budgets.
Statistics by product type
The upright steam mop segment had the largest industry share in 2022. The widespread adoption of upright steam mops is attributed to its location at the perfect spot between canister and handheld steam mops. Vertical steam mops are available with several types of connectors on the hose, which provide the functionality of the various variants.
Vertical steam mops also rely on the use of vacuum cleaners and the increased power of carpet cleaners, especially among consumers who have pets and children.
Statistics by cleaning method
in 2022, north america It accounts for about 37% of the steam-only equipment market. However, APAC is expected to be the fastest growing industry during the projection period. Rapid urbanization, infrastructure development, changing lifestyles, and rising disposable income are the primary drivers for this category.
Statistics by surface type
Steam mops were used mostly on hard floors; However, the available variants can now be used on multiple surfaces and thus are expected to derive demand for them. The global hard floor steam mop market is dominated by the surface segment and the trend is expected to continue during the forecast period.
One of the main advantages of using a steam mop on hardwood floors is its ability to effectively sanitize the surface, killing up to 99% of bacteria and germs with the high-temperature steam. This is especially beneficial for families with children and pets, as it provides a healthy environment without the use of harsh chemicals.
Steam mops are also gentle on hard surfaces, as they don’t require large amounts of water or chemicals, which can damage floors over time. Instead, the steam softens and removes dirt and grime, making it easier to remove with the mop head.
Statistics by end users
The residential segment is a significant end-user of the steam mop market. With the growing concerns about the use of harsh chemicals for cleaning purposes and the growing demand for environmentally friendly cleaning solutions, steam mops are gaining popularity among households. The ease of availability of steam mops in the market and their convenience is driving their demand in the residential sector.
Market opportunities and trends
- Increased demand for cordless steam mops
- Development of multi-surface steam mops
- Popular 2-in-1 steam mop
- Develop new technologies
- Renowned equipment rental services
factors contributing to market growth
- Request from the hospitality industry
- Demand for environmentally friendly cleaning solutions
- Use of hardwood floors
- high cost
- Safety concerns
- Limited cleaning capabilities
- Low cleaning standards in emerging economies
- Availability of low-cost manual labor in developing countries
Key company profiles
- Electronic industries
- SharkNinja Play
Other notable sellers
- Black + Decker
- Eureka Forbes
- light n easy
- Wagner Spritic
- Salaf United States of America
- Vornado Aviation
- Polity Spa
- Daewoo Electric
- Freudenberg home and cleaning solutions
- Tineco smart technology
- Ghibli and Eddie
- Nilfisk group
- Daimer Industries
- Cleanfix cleaning systems
- Double cleaning machines
- Tornado Industries
- Ashbys cleaning equipment
- US Steam
- Clean my steam
- euroflex United States of America
- NaceCare Solutions
- good way
- Alkota brand for the Alkota brand
- ROBIA. PLAST
- TPA Impex
- Solara Group
- Techno clean equipment
- Matrix cleaning systems
- IP cleaning
- steamer head
- Discovered by Cleantec
For more information on this report, visit https://www.researchandmarkets.com/r/rl69ul
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