Global Smart Trash Bin Market by Product Types, End-user, Retail Formats, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
Global smart trash bin market is expanding at a CAGR of around 16.48% during the forecast period, 2020–2026. Surging demand for smart trash bins with combination of growth in number of smart city projects and technological solutions to waste management are boosting the growth of the market.
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Market Drivers, Restraints, Opportunities, and Trends:
- Rapid developments in technology are improving the functionality and convenience of using waste management resources such as smart trash bins.
- Lack of effective data driven waste management and logistic issues are the restraining factors which can hinder the growth of the market.
- Constant innovations in the production of smart trash bins by making heavy investments in the R & D by manufacturers is a lucrative opportunity for the market growth.
- Increasing awareness about waste disposal management along with environment safety initiatives are helping in propelling the growth of the market.
Competitive Landscape:
Major companies in the global smart trash bin market include iTouchless Housewares & Products, Nine Stars, Spectrum Brands, Simplehuman, EKO USA, Enevo Oy, Honey-Can-Do, Home Depot, and Modernhome. The market position is close to being consolidated with major players dominating the market. Major manufacturers are now focusing in the development of innovative smart trash bins to offer convenient and effective waste management solutions.
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The global smart trash bin market has been segmented on the basis of
Product Types
- Under 5 gal
- 5–9 gal
- 10–14 gal
- 15–19 gal
- 20–30 gal
- 31–55 gal
End-user
- Residential
- Commercial
Retail Formats
- Hypermarkets & Supermarkets
- Department stores
- Others
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Smart Trash Bin Market Overview
- Global Smart Trash Bin Market Analysis and Forecast by Type
- Global Smart Trash Bin Market Analysis and Forecast by Application
- Global Smart Trash Bin Market Analysis and Forecast by Sales Channel
- Global Smart Trash Bin Market Analysis and Forecast by Region
- North America Smart Trash Bin Market Analysis and Forecast
- Latin America Smart Trash Bin Market Analysis and Forecast
- Europe Smart Trash Bin Market Analysis and Forecast
- Asia Pacific Smart Trash Bin Market Analysis and Forecast
- Middle East & Africa Smart Trash Bin Market Analysis and Forecast
- Competition Landscape
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