The North America smart trash/garbage bin market size is estimated to reach USD 12.3 million by 2025, according to the new report by Grand View Research, Inc., expanding at a CAGR of 6.9% during the forecast period. The smart trash bins considered under the scope of the study refers to the automatic garbage bins. These touchless trash cans are sensor-based and are capable of operating without making any physical contact. The market formulated estimates the market sizing & forecasts for the automatically operated touchless garbage/trash/waste bins.
Regional
manufacturers of smart trash cans are investing aggressively in product
development to incorporate innovative solutions into their product portfolio.
They are targeting consumers by offering attractive touchless waste disposal
solutions to create lucrative opportunities for expansions. The 14 to 23 gallon
capacity segment accounted for the largest market share in 2017. Availability
of smart trash bins in several variants under this category and significant
adoption of these products across the commercial sector is contributing to the
growth of the segment.
Demand
for touchless garbage bins in North American countries, particularly the U.S.,
has witnessed a significant growth over the past few years to generate
substantial revenue. The U.S. is anticipated to continue leading the North
America touchless trash bin market over the forecast period on account of
growing demand for automatic garbage bins in line with the increasing awareness
about hygiene and cleanliness to avoid cross-contamination of germs.
The
commercial subsegment dominated the North America smart garbage bins market in
2017 The commercial end use of automatic garbage can encircles the use of
touchless garbage bins in corporate offices, retail shops, hotels, restaurants,
hospitals, clinics, and other public places, which include malls, multiplexes,
restrooms, airports, and bus & metro stations. The demand for touchless
waste bins from the residential sector is also anticipated to escalate
significantly over the next seven years in line with the expanding popularity
of the automatic trash bins among the residential sector, modernizing lifestyle
of families, and growing awareness about maintaining clean and tidy
surroundings and hygiene.
The
North America region can be considered as the manufacturing hub of the
automatic garbage bins, as it is the homeland to the prominent manufacturers
and suppliers, such as iTouchless Houseware & Products, Inc. (U.S.), Nine
Stars Group (USA) Inc., simplehuman (U.S.), Walmart, and Costco Wholesale.
Moreover, these manufacturers are supplying their product worldwide through
various e-commerce platforms by collaborating & partnering with the eminent
e-commerce players. Hence, the e-commerce and online shopping are expected to
have a positive impact on the market.
Full Research Report On North America Smart Trash Bin Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/north-america-automatic-touchless-garbage-bin-market
North America
Smart Trash Bin Market Report Highlights
- The 8 to 13
Gallon subsegment is anticipated to portray substantial growth over the
forecast period.
- The
residential end-use sub-segment is projected to witness the highest CAGR
over the forecast period.
- The U.S.
market dominated the overall North America regional market in terms of
revenue as well as shipments.
- The
increasing awareness about maintaining a hygienic lifestyle and avoiding
cross-contamination of germs is prompting households to adopt modern and
advanced appliances, including touchless garbage bins.
- The
convenience of hands-free operation while disposing the waste without
spilling is driving the North America smart garbage bin market
- Key industry
participants include Ausko Pte Ltd. (Singapore), Nine Stars Group (USA)
Inc. (U.S.), iTouchless Housewares & Products, Inc. (U.S.),
simplehuman (U.S.), and HANGSHAU Houseware Co., Ltd. (China).
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North America
Smart Trash Bin Market Segmentation
Grand View Research has
segmented the North America Smart Trash/Garbage Bin market based on capacity
and end-user:
North America
Smart Trash/Garbage Bins Capacity Outlook (Revenue, USD Thousand, 2014 - 2025)
- 8 to 13 Gallon
- 14 to 23 Gallon
- Above 23 Gallon
North America
Smart Trash/Garbage Bins End Use Outlook (Revenue, USD Thousand, 2014 - 2025)
- Commercial
- Residential
North America
Smart Trash/Garbage Bins Regional Outlook (Revenue, USD Thousand, Shipment,
Thousand Units, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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