LONDON--(BUSINESS WIRE)--The global household cleaning tools and supplies market is expected to register a CAGR of almost 3% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the market’s growth is premiumization through product innovation. Household cleaning tools and supplies are essential commodities for maintaining hygiene and cleanliness. Cleaning households can be time-consuming, and most consumers look for products that can perform tasks in less time. In developed economies, end-users spend extra on high-performance premium products.
This market research report on the global household cleaning tools and supplies market 2018-2022 provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio predicts an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the availability of smart cleaning tools as one of the key emerging trends in the global household cleaning tools and supplies market:
Global household cleaning tools and supplies market: Availability of smart cleaning tools
Manufacturers are introducing smart features in cleaning tools because of the growing popularity of smart homes. Smart trash bins are used in domestic applications. The high demand for sophisticated and smart household cleaning tools will have a positive impact on the growth of the global market in the coming years. Many consumers have been quick in adopting the latest technologies due to their hectic lifestyles.
“Smart connected trash bins increase convenience by providing end-users with a unique remote location operability option. By downloading the app on their mobile devices and connected their smart trash bins through Wi-Fi, consumers can find out the space availability in trash bins. A major vendor introduced a smart app that allows users to keep track of their trash bags and let them know when to empty the bags,” says a senior analyst at Technavio for research on retail goods and services.
Global household cleaning tools and supplies market: Segmentation analysis
This market research report segments the global household cleaning tools and supplies market into the following products (sourcing pads, scrubbers, and sponges, mops and brooms, cleaning brushes, wipes, gloves, and soap dispensers, buckets, and dustpans) and key regions (the Americas, APAC, and EMEA).
The sourcing pads, scrubbers, and sponges segment held the largest market share in 2017, accounting for over 26% of the market. This product segment is expected to dominate the global market throughout the forecast period.
The Americas held the highest share of the global household cleaning tools and supplies market in 2017, accounting for a market share of approximately 36%. It was followed by EMEA and APAC respectively. APAC is expected to project the fastest growth during the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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