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QYResearch
A steam mop is a mop that uses steam to clean floors and carpets. Unlike a regular mop, which requires cleaning agents such as bleach or detergent, a steam mop uses heat from steam to disinfect the floors. According to QYResearch, the USA Steam Mops markets has a total value of 174.23 M USD back in 2012, and increased to 201.62 M USD in 2017. We made a series of functional calculation and deduced the past 5 year’s data with scientific model. Finally, We made the prediction that the value of Steam Mops markets can be 235.62 M USD by 2022.The CAGR of Steam Mops is 3.17% from 2017 to 2022.
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QYResearch
Pacific Coast of America was the largest production market with a market share of 17.52% in 2012 and 17.26% in 2017 with a decrease of 0.26%. A feat chiefly attributable to the vast technological advancements achieved in the field of household applicants and the increased adoption of steam mops. The Middle Atlantic ranked the second market with the market share of 12.26% in 2016. Steam Mops companies are mainly from United States and Europe, the industry concentrate rate is relatively high. The top three companies are Bissell, HAANÂ Corporation, TTI, with the revenue market share of 19.48%, 17.94% and 16.03% in 2016. The market is witnessing increased expenditure by vendors on R&D activities, and therefore the development of many innovative solutions, such as the inclusion of room memory, improved battery life, and improved efficiency in steam cleaners. In addition, vendors are working to reduce the cost of upgrades and maintenance. Rapidly changing technology and changes in consumer preferences are forcing vendors to deliver innovative household vacuum cleaning solutions with high efficiency to survive the commoditization in the market. w w w. q y r e s e a r c h . c o m
QYResearch
Although sales of Steam Mops brought a lot of opportunities, the study group recommends the new entrants who has not technical advantage and downstream support do not enter into the Steam Mops field. As large demand of high-end products at home and abroad, many companies began to enter the field of high-end. What is more, the company in this industry should pay attention to their R&D, innovation and services, then they may get the competition advantage, and get a bigger market share.
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