U.S. Broom, Brush, And Mop Market. Analysis And Forecast to 2025
The U.S. Broom, Brush and Mop Market Remains Stable
IndexBox has just published a new report "U.S. Broom, Brush, And Mop Market. Analysis And Forecast to 2025". Here is a summary of the report’s key findings.
The U.S. Broom, Brush and Mop Market Remains Stable
In 2017, the U.S. broom, brush and mop market reached $X in wholesale prices, expanding with a CAGR of +X% per year over the last ten years (IndexBox estimates). This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). There was a slight reduction of market value in 2009, followed by steady growth over the next seven years, which then evened out in 2017.
The Broom, Brush and Mop Market in the U.S. Is Expected to Expand Modestly
The broom, brush and mop market includes products designed for both household and industrial consumption. The product range includes floor mops, brooms, toothbrushes, shoe brushes etc.
The broom, brush and mop market depends on the number of households and their consumption; construction growth, rising population and increasing consumer spending, therefore, constitute the key factors. Driven by the current economic recovery in the U.S., the construction and household sector as a whole is expected to continue an upward consumption trend over the next seven years. Strong employment growth is one of the main drivers that may lead to an increase in incomes, providing a solid base for consumer spending. Another motive is credit availability, which promotes spending for residential housing, non-residential construction and related end-use products; this, in turn, will influence the growth in demand for brooms, brushes and mops.
Conqeuently, ongoing construction growth amid robust consumer spending will promote the current consistent positive consumption trend with regard to broom, brushes and mops in the medium term. Therefore, market performance is predicted to grow with an anticipated CAGR of +X% for the next nine years, which is forecasted to bring the market volume to $X by 2025.
Broom and Brush Production Continues to Grow Slowly but Steadily
U.S. broom, brush and mop manufacturing illustrated a positive dynamic over the last few years. This was largely due to steady construction growth against the post-crisis recovery of the U.S. economy. In 2017, the value of shipments in the industry reached $X, rising with a CAGR of +X% from 2008 to 2017. Overall, production increased by $X (or X%) from its level of 2008.
Brushes for Personal and Other Miscellaneous Use Emerged as the Fastest-Growing Product Category
Brushes for personal and other miscellaneous use accounted for the highest share (X% in 2017) of U.S broom, brush and mop manufacturing, followed by brooms, mops, and dusters (X%) and brushes and holders, pads, roller frames and rollers (including replacement rollers), paint and varnish (X%).
The most notable rates of growth in U.S broom, brush and mop manufacturing from 2008 to 2017 were attained by brushes for personal and other miscellaneous use (+X% per year), while the other categories experienced more modest or even negative paces of growth.
The share of brushes for personal and other miscellaneous use in the structure of production increased from X% in 2008, to X% in 2017, while the shares of brooms, mops, and dusters (-X percentage points) and brushes and holders, pads, roller frames and rollers (including replacement rollers), paint and varnish (-X percentage points) decreased.
Approx. X% of the Market Was Supplied by Low-cost Imports from China
Intense competition from low-cost imports, particularly from China, has increasingly constrained industry performance during this period. As a result, the share of imports in consumption reached X% in 2017 (compared to X% in 2009). Moreover, imports from China strengthened their position on the U.S. market, from X% in 2007, to X% in 2017.
The reliance of the market on imports is increasing, despite the impact of high import duties. In terms of the types of imported products, brooms saw the highest import duties, which, depending on the type of broom product, reached X% for the standard MFN tariff duty. The major importer-countries, namely China, Japan, Malaysia and Germany, were encorporated into this tariff. By contrast, Mexico and Canada benefit from a free trade system.
Canada Remains the Key Foreign Market for American Brooms and Brushes
In 2017, U.S. broom, brush and mop exports reached $X, an increase of X% against the previous year. From 2007 to 2017, exports grew with an annual average rate of growth of +X%. Exports showed a consistent positive trend from 2010.
Canada ($X) was a major U.S. export destination, accounting for X% of total exports. It was followed by Mexico (X%), the UK (X%), Germany (X%), Korea (X%), China (X%) and Belgium (X%).
From 2007 to 2017, China (+X% per year), Belgium (+X%) and Germany (+X%), Korea (+X%) and the UK (+X%) were the fastest growing export destinations.
The UK and Germany increased its share in terms of the broom, brush and mop export structure by +X percentage points respectively. The shares of other countries remained relatively stable.
China Remains the Leading Supplier of Brooms and Brushes to the U.S.
In 2017, the value of U.S. broom, brush and mop imports totalled $X, growing strongly over the last eight years.
China ($X) dominates amongst the main suppliers of brooms, brushess and mop into the U.S., accounting for X% of total imports. China was followed by Japan (X%), Malaysia (X%), Germany (X%) and Mexico (X%), all lagging somewhat behind.
From 2007 to 2017, China (+X% per year) and Germany (+X%) were the fastest growing suppliers.
China significantly strengthened its position in terms of U.S. imports, from X% in 2007, to X% in 2017, while Japan (-X percentage points) and Malaysia (-X percentage points) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.
Do you want to know more about the U.S. broom, brush, and mop market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- broom market share
- broom prices
- broom production
- broom industry
- broom sales
- broom imports
- broom exports
- broom market forecast
- broom price forecast
Source: IndexBox AI Platform
This report provides an in-depth analysis of the market for broom, brush, and mop in the USA. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
We can help you conduct market research and write a report using the most reliable data