North America Smart Trash/Garbage Bin Market, Sector / Industry Report & Analysis, 2025 (Includes Business Impact of COVID-19)

  • TBI699998
  • August 01, 2019
  • Global
  • 132 pages
  • HCCResearch
                                          

Abstract, Snapshot, Market Analysis & Market Definition: Global North America Smart Trash/Garbage Bin Market

The North America smart trash/garbage bin market size was valued at USD 7.4 million in 2017. It is anticipated to rise at a CAGR of 6.9% from 2018 to 2025. The smart trash bins considered under the scope of the study refers to the automatic garbage bins. These touchless trash bins 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. Surging demand for efficient waste disposal and smart waste management is one of the key trends stimulating growth of smart trash bins market. With public welfare organizations, local government bodies, and other concerned regulatory boards are increasingly undertaking initiatives to ensure cleaner surroundings in urban areas, manufacturers of touchless garbage bins are escalating their efforts to boost the adoption of their offerings. As a result, initiatives and efforts led by governments and product manufacturers are encouraging residential population to adopt touchless trash cans in the day-to-day waste disposal activities. Convenience offered by automatic disposal of sanitary waste in hospitals and clinics is projected to bolster the adoption of automatic garbage bins in the commercial sector. Furthermore, hotels & restaurants are increasingly deploying automatic garbage cans, particularly in washrooms, as part of their efforts to offer attractive services to customers. In addition, smart cans are being installed in restrooms at public places, such as shopping malls, airports, bus stations, and metro stations in order to ensure a hygienic and healthy surrounding. Although vendors of smart garbage bins in the North America region are selling their products through retail outlets, wholesalers, and distributors, e-commerce has a major contribution in the development of the market. By collaborating with prominent e-commerce players worldwide such as Amazon, Walmart, Costco, eBay, and Alibaba, the industry players are creating their market presence globally and are managing to deliver their products worldwide to augment their revenues. The U.S. represents the largest market share and is estimated to spearhead the global smart garbage bins market as well.

Market Segmentation, Outlook & Viewpoint: Global North America Smart Trash/Garbage Bin Market

Capacity Market Segmentation & Outlook (Revenue, USD Thousand; Shipment, Thousand Units, 2014 - 2025) 8 to 13 Gallon 14 to 23 Gallon Above 23 Gallon End Use Market Segmentation & Outlook (Revenue, USD Thousand; Shipment, Thousand Units, 2014 - 2025) Residential Commercial

Key Players, Recent Developments & Regional Insights: Global North America Smart Trash/Garbage Bin Market

Based on end use, the North America smart trash bin market has been bifurcated into commercial and residential. The commercial segment commanded more than half of the market in 2017. However, the demand for automatic trash bins from the residential sector is anticipated to rise significantly over the coming years owing to growing awareness regarding the convenience offered by the product. Ease of operation offered coupled with increasing awareness about maintaining hygienic surroundings by avoiding cross-contamination of germs is expected to stir up the demand for smart garbage cans. Smart trash cans are often expensive, as they require hardware components, such as sensors, motion detectors, and batteries. With the price sensitivity being higher across the residential sector, the commercial segment is projected to be at the forefront of the market throughout the forecast period.

Regional Insights

From a regional standpoint, the North America market has been segmented into the U.S., Canada, and Mexico. Some of the prominent manufacturers & vendors of touchless garbage bins in North America are Nine Stars Group (USA) Inc.; iTouchless Housewares & Products, Inc.; and Simplehuman. These companies are emphasizing on strategic expansions through mergers and acquisitions and innovative product launches. The region, especially the U.S., is witnessing a proliferation of smart garbage bins, thanks to strong inclination of the populace to adopt latest technologies. At the same time, high purchasing power of the populace and growing investments by market players in latest technologies are encouraging the growth of the market in the region. The U.S. and Canada happen to be two of the most developed nations in the world. The U.S. alone contributed over 75.0% of the entire market share. The U.S. is poised to lead the market throughout the forecast period. Presence of a raft of industry participants, including automatic trash can manufacturers, technology providers, retailers, distributors, and other service providers is contributing to the growth of the market in the U.S. North America Smart Trash/Garbage Bin Market Share Insights Key industry participants include Ausko Pte Ltd.; Nine Stars Group Inc.; iTouchless Housewares & Products, Inc.; Simplehuman; and HANGSHAU Houseware Co., Ltd. These industry players are investing aggressively in R&D activities to develop innovative products and differentiate themselves from their peers in order to stay ahead of the competition.

Key Insights Covered: Global North America Smart Trash/Garbage Bin Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of North America Smart Trash/Garbage Bin industry. 2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of North America Smart Trash/Garbage Bin industry. 3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of North America Smart Trash/Garbage Bin industry. 4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of North America Smart Trash/Garbage Bin industry. 5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of North America Smart Trash/Garbage Bin industry.

Research Methodology: Global North America Smart Trash/Garbage Bin Market

  • Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  • Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  • Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other

Table of Contents
Chapter 1 Methodology and Scope
 1.1 Research Methodology
 1.2 Research Scope & Assumptions
 1.3 List of Data SourcesChapter 2 Executive Summary
 2.1 Summary
 2.2 Pros and Cons
 2.3 North America Smart Trash/Garbage Bin Market - Industry Snapshot & Key Buying Criteria, 2014 - 2025Chapter 3 Industry Outlook
 3.1 Market Segmentation &Scope
 3.2 North America Smart Trash/Garbage Bin Market Size and Growth Prospects
 3.3 North America Smart Trash/Garbage Bin Market - Value Chain Analysis
 3.4 Market Dynamics
 3.5 Market driver analysis
     3.5.1 Convenience of operation and prev
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