Latest news with #EuromonitorInternational
The Sun
3 days ago
- Business
- The Sun
Tineco Recognised as Global Leader in Emerging Floor Washer Category
SINGAPORE - Media OutReach Newswire - 18 June 2025 - Tineco is proud to announce that Euromonitor International, the world's leading independent provider of strategic market research, has recognised the brand as the No. 1 global leader in the household wet & dry vacuum cleaner category*. This recognition reflects Tineco's commitment to innovation and quality in the home cleaning sector. Harnessing over two decades of industry innovation, Tineco began its journey with a single vacuum cleaner. Demonstrating a commitment to pioneering excellence, a significant milestone came in 2018 with the launch of the world's first smart vacuum cleaner. This was soon followed by the debut of its first smart floor washer in 2019 and an intelligent carpet cleaner in 2022. Today, Tineco products are trusted by more than 14 million users across key global markets, including North America, Europe, and Asia. SMART TECHNOLOGY MEETS EVERYDAY CLEANING Now a globally recognised leader in smart home appliances, Tineco spans the floor care, kitchen, and personal care categories, holding 975 patents and 577 registered trademarks across domestic and international markets. For three consecutive years, the company has also maintained its position as the No. 1 wet & dry vacuum brand on Amazon in the United States, Canada, France, Italy, Australia, and Japan. 'At Tineco's inception, we set out to simplify life and household tasks through smart technology. Over the past 26 years, our dedicated R&D team has made significant investments and remained steadfast in our mission to set the benchmark for excellence in floor care solutions,' said Ling Leng, CEO of Tineco. 'Being named the No. 1 global leader in the wet & dry vacuum cleaner category by Euromonitor International is an incredible milestone. This recognition reinforces our commitment to continuous innovation and to delivering exceptional products that enrich our customers' lives around the world. Looking ahead, we remain laser-focused on expanding into new markets, introducing cutting-edge technologies that simplify everyday living, and broadening our product portfolio to meet diverse needs.' VERSATILE AND INTELLIGENT: FLAGSHIP MODELS THAT REDEFINE HOME CLEANING Tineco's flagship models—including the FLOOR ONE S9 Artist, FLOOR ONE S9 Artist Steam, and FLOOR ONE Switch S7 Stretch—combine intelligent features with superior power and user-friendly design to transform everyday cleaning. Each model has been thoughtfully engineered by Tineco's R&D team to address real-world challenges, incorporating technological innovation and valuable consumer feedback to enhance overall user satisfaction. FLOOR ONE S9 Artist: The S9 Artist is a high-performance floor cleaner equipped with 360° SmoothDrive™ Technology for effortless manoeuvrability in all directions—requiring up to 50% less handholding*. Its slim HyperStretch design (just 12.85 cm in height) allows for deep reach under furniture. The unit effectively manages hair with a Dual-Block Anti-Tangle system, while ensuring hygiene through the MHCBS (Maintain Hygiene Clean Brush System) and FlashDry Self-Cleaning that uses 85°C hot water. Other innovations include Backtrack Water Erasure to eliminate streaks, a repositioned clean water tank for lighter handling, and an optional Electrolysed Water feature for enhanced cleaning power. FLOOR ONE S9 Artist Steam: The S9 Artist Steam offers an all-in-one cleaning solution, combining HyperSteam technology (140°C) with Dual-Stage Heating to dissolve oil, grime, and bacteria for deep sanitation. Key upgrades from its predecessor include an extended 75-minute runtime (up from 50 minutes), Flash Charging with 2A fast charging to reduce downtime, powerful 22kPa suction for deep crevice cleaning, and Triple-sided Edge Cleaning to ensure thorough results along walls and skirting boards. It's engineered for high performance, with modern living in mind. FLOOR ONE Switch S7 Stretch: The S7 Stretch is a versatile 5-in-1 device offering floor washing, vacuuming, crevice cleaning, soft surface care, and high-reach dusting. Designed to replace traditional vacuums, it handles wet and dry messes—including oily stains—using 22kPa suction power. Key features include MHCBS continuous brush rinsing, a 180° lay-flat HyperStretch design (reaches under furniture as low as 13 cm), Dual-Block Anti-Tangle, dual-sided edge cleaning, and a FlashDry Self-Cleaning system. In vacuum mode, it offers 5-stage HEPA filtration (capturing 99.97% of 0.3μm particles), a ZeroTangle Brush, LED headlight, and up to 70 minutes of runtime on upgraded long-life batteries. A leader in the intelligent floor care category, Tineco's smart models are powered by proprietary iLoop™ Smart Sensor Technology, which automatically adjusts suction in real-time based on detected messes. This not only optimises battery life but also allows users to visualise cleanliness via a colour-changing LED ring that shifts from red to blue when the surface is clean. Guided by customer insights, all new Tineco models are equipped with self-cleaning capabilities, significantly streamlining maintenance and elevating the overall user experience. Tineco products are available globally, with North American distribution through Amazon, Tineco's official online store, and more than 10,000 major retail locations, including Target, Walmart, Best Buy, Costco, Home Depot, and Canadian Tire. In Singapore, Tineco is available at major retailers such as Courts, as well as online via Shopee, Lazada, and other authorised platforms. To learn more about Tineco and explore its full range of intelligent stick vacuums, floor washers, carpet cleaners, and more, please visit the official Tineco Shopee store or Tineco Lazada store. Images available in the media kit here. *Source: Euromonitor International (Shanghai) Co., Ltd.; based on retail sales volume worldwide for H2 2023 and H1 2024. Household wet & dry vacuum cleaners are defined as household cleaning appliances that dispense clean water (or cleaning solution) to wash hard floors, then vacuum up the dirty water and debris. Research completed in November 2024. 975 Patents, 577 Registered Trademarks Worldwide
Associated Press
3 days ago
- Business
- Associated Press
Tineco Recognised as Global Leader in Emerging Floor Washer Category
Tineco's global sales dominance reaffirms its industry leadership. SINGAPORE - Media OutReach Newswire - 18 June 2025 - Tineco is proud to announce that Euromonitor International, the world's leading independent provider of strategic market research, has recognised the brand as the No. 1 global leader in the household wet & dry vacuum cleaner category*. This recognition reflects Tineco's commitment to innovation and quality in the home cleaning sector. Tineco – World's No. 1 Wet Dry Vacuum Cleaner Brand Harnessing over two decades of industry innovation, Tineco began its journey with a single vacuum cleaner. Demonstrating a commitment to pioneering excellence, a significant milestone came in 2018 with the launch of the world's first smart vacuum cleaner. This was soon followed by the debut of its first smart floor washer in 2019 and an intelligent carpet cleaner in 2022. Today, Tineco products are trusted by more than 14 million users across key global markets, including North America, Europe, and Asia. 975 Patents, 577 Registered Trademarks Worldwide SMART TECHNOLOGY MEETS EVERYDAY CLEANING Now a globally recognised leader in smart home appliances, Tineco spans the floor care, kitchen, and personal care categories, holding 975 patents and 577 registered trademarks across domestic and international markets. For three consecutive years, the company has also maintained its position as the No. 1 wet & dry vacuum brand on Amazon in the United States, Canada, France, Italy, Australia, and Japan. 'At Tineco's inception, we set out to simplify life and household tasks through smart technology. Over the past 26 years, our dedicated R&D team has made significant investments and remained steadfast in our mission to set the benchmark for excellence in floor care solutions,' said Ling Leng, CEO of Tineco. 'Being named the No. 1 global leader in the wet & dry vacuum cleaner category by Euromonitor International is an incredible milestone. This recognition reinforces our commitment to continuous innovation and to delivering exceptional products that enrich our customers' lives around the world. Looking ahead, we remain laser-focused on expanding into new markets, introducing cutting-edge technologies that simplify everyday living, and broadening our product portfolio to meet diverse needs.' VERSATILE AND INTELLIGENT: FLAGSHIP MODELS THAT REDEFINE HOME CLEANING Tineco's flagship models—including the FLOOR ONE S9 Artist, FLOOR ONE S9 Artist Steam, and FLOOR ONE Switch S7 Stretch—combine intelligent features with superior power and user-friendly design to transform everyday cleaning. Each model has been thoughtfully engineered by Tineco's R&D team to address real-world challenges, incorporating technological innovation and valuable consumer feedback to enhance overall user satisfaction. FLOOR ONE S9 Artist: The S9 Artist is a high-performance floor cleaner equipped with 360° SmoothDrive™ Technology for effortless manoeuvrability in all directions—requiring up to 50% less handholding*. Its slim HyperStretch design (just 12.85 cm in height) allows for deep reach under furniture. The unit effectively manages hair with a Dual-Block Anti-Tangle system, while ensuring hygiene through the MHCBS (Maintain Hygiene Clean Brush System) and FlashDry Self-Cleaning that uses 85°C hot water. Other innovations include Backtrack Water Erasure to eliminate streaks, a repositioned clean water tank for lighter handling, and an optional Electrolysed Water feature for enhanced cleaning power. FLOOR ONE S9 Artist Steam: The S9 Artist Steam offers an all-in-one cleaning solution, combining HyperSteam technology (140°C) with Dual-Stage Heating to dissolve oil, grime, and bacteria for deep sanitation. Key upgrades from its predecessor include an extended 75-minute runtime (up from 50 minutes), Flash Charging with 2A fast charging to reduce downtime, powerful 22kPa suction for deep crevice cleaning, and Triple-sided Edge Cleaning to ensure thorough results along walls and skirting boards. It's engineered for high performance, with modern living in mind. FLOOR ONE Switch S7 Stretch: The S7 Stretch is a versatile 5-in-1 device offering floor washing, vacuuming, crevice cleaning, soft surface care, and high-reach dusting. Designed to replace traditional vacuums, it handles wet and dry messes—including oily stains—using 22kPa suction power. Key features include MHCBS continuous brush rinsing, a 180° lay-flat HyperStretch design (reaches under furniture as low as 13 cm), Dual-Block Anti-Tangle, dual-sided edge cleaning, and a FlashDry Self-Cleaning system. In vacuum mode, it offers 5-stage HEPA filtration (capturing 99.97% of 0.3μm particles), a ZeroTangle Brush, LED headlight, and up to 70 minutes of runtime on upgraded long-life batteries. A leader in the intelligent floor care category, Tineco's smart models are powered by proprietary iLoop™ Smart Sensor Technology, which automatically adjusts suction in real-time based on detected messes. This not only optimises battery life but also allows users to visualise cleanliness via a colour-changing LED ring that shifts from red to blue when the surface is clean. Guided by customer insights, all new Tineco models are equipped with self-cleaning capabilities, significantly streamlining maintenance and elevating the overall user experience. Tineco products are available globally, with North American distribution through Amazon, Tineco's official online store, and more than 10,000 major retail locations, including Target, Walmart, Best Buy, Costco, Home Depot, and Canadian Tire. In Singapore, Tineco is available at major retailers such as Courts, as well as online via Shopee, Lazada, and other authorised platforms. To learn more about Tineco and explore its full range of intelligent stick vacuums, floor washers, carpet cleaners, and more, please visit the official Tineco Shopee store or Tineco Lazada store. Images available in the media kit here. *Source: Euromonitor International (Shanghai) Co., Ltd.; based on retail sales volume worldwide for H2 2023 and H1 2024. Household wet & dry vacuum cleaners are defined as household cleaning appliances that dispense clean water (or cleaning solution) to wash hard floors, then vacuum up the dirty water and debris. Research completed in November 2024. Hashtag: #Tineco The issuer is solely responsible for the content of this announcement. About Tineco Founded in 1998, Tineco is a high-tech company and a wholly owned subsidiary of ECOVACS Group (SHA: 603486). The brand began with its first vacuum cleaner and went on to pioneer the world's first smart vacuum in 2019. Today, Tineco is a global leader in intelligent appliances across floor care, kitchen, and personal care categories. Dedicated to innovation, the brand continues to create smart technologies that simplify everyday life and redefine convenience. For more information, visit the official Tineco Shopee store or Tineco Lazada store.
Zawya
3 days ago
- Business
- Zawya
Tineco Recognised as Global Leader in Emerging Floor Washer Category
Tineco's global sales dominance reaffirms its industry leadership. SINGAPORE - Media OutReach Newswire - 18 June 2025 - Tineco is proud to announce that Euromonitor International, the world's leading independent provider of strategic market research, has recognised the brand as the No. 1 global leader in the household wet & dry vacuum cleaner category*. This recognition reflects Tineco's commitment to innovation and quality in the home cleaning sector. Harnessing over two decades of industry innovation, Tineco began its journey with a single vacuum cleaner. Demonstrating a commitment to pioneering excellence, a significant milestone came in 2018 with the launch of the world's first smart vacuum cleaner. This was soon followed by the debut of its first smart floor washer in 2019 and an intelligent carpet cleaner in 2022. Today, Tineco products are trusted by more than 14 million users across key global markets, including North America, Europe, and Asia. SMART TECHNOLOGY MEETS EVERYDAY CLEANING Now a globally recognised leader in smart home appliances, Tineco spans the floor care, kitchen, and personal care categories, holding 975 patents and 577 registered trademarks across domestic and international markets. For three consecutive years, the company has also maintained its position as the No. 1 wet & dry vacuum brand on Amazon in the United States, Canada, France, Italy, Australia, and Japan. "At Tineco's inception, we set out to simplify life and household tasks through smart technology. Over the past 26 years, our dedicated R&D team has made significant investments and remained steadfast in our mission to set the benchmark for excellence in floor care solutions," said Ling Leng, CEO of Tineco. "Being named the No. 1 global leader in the wet & dry vacuum cleaner category by Euromonitor International is an incredible milestone. This recognition reinforces our commitment to continuous innovation and to delivering exceptional products that enrich our customers' lives around the world. Looking ahead, we remain laser-focused on expanding into new markets, introducing cutting-edge technologies that simplify everyday living, and broadening our product portfolio to meet diverse needs." VERSATILE AND INTELLIGENT: FLAGSHIP MODELS THAT REDEFINE HOME CLEANING Tineco's flagship models—including the FLOOR ONE S9 Artist, FLOOR ONE S9 Artist Steam, and FLOOR ONE Switch S7 Stretch —combine intelligent features with superior power and user-friendly design to transform everyday cleaning. Each model has been thoughtfully engineered by Tineco's R&D team to address real-world challenges, incorporating technological innovation and valuable consumer feedback to enhance overall user satisfaction. FLOOR ONE S9 Artist: The S9 Artist is a high-performance floor cleaner equipped with 360° SmoothDrive™ Technology for effortless manoeuvrability in all directions—requiring up to 50% less handholding*. Its slim HyperStretch design (just 12.85 cm in height) allows for deep reach under furniture. The unit effectively manages hair with a Dual-Block Anti-Tangle system, while ensuring hygiene through the MHCBS (Maintain Hygiene Clean Brush System) and FlashDry Self-Cleaning that uses 85°C hot water. Other innovations include Backtrack Water Erasure to eliminate streaks, a repositioned clean water tank for lighter handling, and an optional Electrolysed Water feature for enhanced cleaning power. FLOOR ONE S9 Artist Steam: The S9 Artist Steam offers an all-in-one cleaning solution, combining HyperSteam technology (140°C) with Dual-Stage Heating to dissolve oil, grime, and bacteria for deep sanitation. Key upgrades from its predecessor include an extended 75-minute runtime (up from 50 minutes), Flash Charging with 2A fast charging to reduce downtime, powerful 22kPa suction for deep crevice cleaning, and Triple-sided Edge Cleaning to ensure thorough results along walls and skirting boards. It's engineered for high performance, with modern living in mind. FLOOR ONE Switch S7 Stretch: The S7 Stretch is a versatile 5-in-1 device offering floor washing, vacuuming, crevice cleaning, soft surface care, and high-reach dusting. Designed to replace traditional vacuums, it handles wet and dry messes—including oily stains—using 22kPa suction power. Key features include MHCBS continuous brush rinsing, a 180° lay-flat HyperStretch design (reaches under furniture as low as 13 cm), Dual-Block Anti-Tangle, dual-sided edge cleaning, and a FlashDry Self-Cleaning system. In vacuum mode, it offers 5-stage HEPA filtration (capturing 99.97% of 0.3μm particles), a ZeroTangle Brush, LED headlight, and up to 70 minutes of runtime on upgraded long-life batteries. A leader in the intelligent floor care category, Tineco's smart models are powered by proprietary iLoop™ Smart Sensor Technology, which automatically adjusts suction in real-time based on detected messes. This not only optimises battery life but also allows users to visualise cleanliness via a colour-changing LED ring that shifts from red to blue when the surface is clean. Guided by customer insights, all new Tineco models are equipped with self-cleaning capabilities, significantly streamlining maintenance and elevating the overall user experience. Tineco products are available globally, with North American distribution through Amazon, Tineco's official online store, and more than 10,000 major retail locations, including Target, Walmart, Best Buy, Costco, Home Depot, and Canadian Tire. In Singapore, Tineco is available at major retailers such as Courts, as well as online via Shopee, Lazada, and other authorised platforms. To learn more about Tineco and explore its full range of intelligent stick vacuums, floor washers, carpet cleaners, and more, please visit the official Tineco Shopee store or Tineco Lazada store. Images available in the media kit here. *Source: Euromonitor International (Shanghai) Co., Ltd.; based on retail sales volume worldwide for H2 2023 and H1 2024. Household wet & dry vacuum cleaners are defined as household cleaning appliances that dispense clean water (or cleaning solution) to wash hard floors, then vacuum up the dirty water and debris. Research completed in November 2024. Hashtag: #Tineco The issuer is solely responsible for the content of this announcement. About Tineco Founded in 1998, Tineco is a high-tech company and a wholly owned subsidiary of ECOVACS Group (SHA: 603486). The brand began with its first vacuum cleaner and went on to pioneer the world's first smart vacuum in 2019. Today, Tineco is a global leader in intelligent appliances across floor care, kitchen, and personal care categories. Dedicated to innovation, the brand continues to create smart technologies that simplify everyday life and redefine convenience. For more information, visit the official Tineco Shopee store or Tineco Lazada store. Tineco
The Citizen
05-06-2025
- Business
- The Citizen
Fake alcohol floods shelves as danger rises
Cheap fake alcohol is luring buyers and flooding shops. It's deadly, illegal, and costing South Africa R16.5 billion in lost excise taxes. Crime is enough to turn anyone to drink… but even trying to drown your sorrows you won't be safe, because 18% of the booze in South Africa is counterfeit. And, you're not just going to find it in holein-the-wall shebeens or backstreet taverns – some of it is also seeping into mainstream liquor outlets, according to researchers Euromonitor International, in partnership with the Drinks Federation SA. They revealed that the fake alcohol trade is worth more than R25 billion a year. The main victims are established brands, whose labelling is copied and placed on to containers of counterfeit drinks. The scale of the crime means the SA Revenue Service loses out on R16.5 billion in excise duty. ALSO READ: How you could be drinking counterfeit alcohol without knowing They say the bootleg business has increased 55% over the past seven years while the loss to the government has increased by 157%. One of the main attractions of the ersatz hooch is that it can be between 37% and 70% cheaper. South Africans hunt bargains like that all the time – but there are dangers. Not only could the hangover be greater from booze without quality control, but it might kill you.
The Citizen
04-06-2025
- Business
- The Citizen
How you could be drinking counterfeit alcohol without knowing
A recent study has shown the illicit alcohol trade has increased by 55%, costing the South Africa roughly R25 billion in lost tax revenue. Illicit alcohol traders are making a fortune selling knock-off liquor to unsuspecting and desperate patrons. Euromonitor International, in partnership with Drinks Federation South Africa (DFSA), this week revealed the runaway popularity of the illicit alcohol trade. Between traders prioritising profits and consumers choosing cheaper options, the country is missing out on just over R10 billion, excluding Value-Added Tax (VAT), on untaxed spirits alone. Almost 20% of all alcohol Euromonitor's most recent study, conducted over the last six months, was presented to industry leaders virtually on Wednesday. To gauge how illicit alcohol was distributed and consumed, the global research firm surveyed the product's prevalence in retail and independent traders, as well as the habits and preferences of consumers. Through desk research, store visits and surveys across multiple geographic and income demographics, Euromonitor illustrated how the illicit trade makes up 18% of the country's overall alcohol market. This 18% amounts to the consumption of 773000 hectolitres — or 77 million litres a year— with an estimated price tag of R25 billion. 'This is largely driven by counterfeit and illicit brands. This is because counterfeiting and illicit brands target premium spirits such as whiskey, as well as premium vodkas and gins,' stated Euromonitor International Project Manager Benjamin Rideout. This translated into R16.5 billion in lost tax revenue, with South Africans' preference for white and dark spirits contributing to roughly R10 billion of the tax shortfall. 'If these drinks were taxed correctly and sold legitimately, this is what the tax value would be,' explained Rideout. Increasing fiscal loss Euromonitor stated that illicit traders were purchasing and manufacturing counterfeit labelling and packaging at an 'industrial scale'. While the main driver of lost tax revenue was counterfeit and illicit brands, which are replica and unbranded products, smuggling and tax leakage were the next highest causes. Smuggling of legitimate products is done via land, air or sea, while tax leakage was classified as compliant liquor that is intentionally misclassified or underdeclared. Having conducted the same study in 2017 and 2020, Rideout said the illicit alcohol trade in South Africa had grown in volume consumed by 55% in the last seven years. 'It has almost doubled in value terms, which is a function of inflation in general. Finally, the fiscal loss has increased by 157%,' Rideout said illicit alcohol was predominant in informal channels, but there was a growing trend of availability in retail and online sales. 'What this means is that the illicit market has established a distribution network, and we know this to be the case, particularly in Gauteng and KwaZulu-Natal. 'On average, illegal alcohol is 37% cheaper than legal alcohol per litre. In some cases, this discount can go as high as 70%, depending on the category and the brand,' he stated. 'Crime against the state' Euromonitor noted that the financial benefits to traders and buyers were given greater consideration than the potential health risks considered by either party. Convenor of the National Liquor Traders Council Lucky Ntimane said it was an outlets' responsibility to ensure they maintained high standards or risk ruining their reputations. 'We also know the catch of illicit alcohol is the price, so people don't really ask a lot of questions. The essence of illicit and counterfeit alcohol is that it is cheaper. 'However, a person who sells counterfeit, knowingly or unknowingly, they run the risk of their business not being supported,' Ntimane told The Citizen. Traders caught selling illicit alcohol can be subject to a fine of up to R500 000 or between one and three years in prison, depending on the volumes sold. Rideout stated that policing challenges included 'resource allocation and state capacity,' while Ntimane suggested a firmer hand needed to be taken with illegal traders. 'Because illicit and counterfeit alcohol robs the state of an income, maybe it should be classified as a crime against the state. In that way, the government can clamp down hard on these unscrupulous dealers, but also harsher sentences can be meted out,' concluded Ntimane. NOW READ: Budget speech: Here's how much more you'll have to pay for alcohol and cigarettes
