USD 6.75 million
Report ID: SQMIG45I2068 | Region: Global | Published Date: July, 2023 | Pages: 242 | Tables: 85 | Figures: 76
North America Automatic Touchless Garbage Bin Market size was valued at USD 6.75 million in 2021 and is poised to grow from USD 7.22 million in 2022 to USD 12.31 million by 2030, growing at a CAGR of 6.9% in the forecast period (2023-2030).
The use of technology for waste management to reduce human efforts results in the smart trash bin. The major attribute to the growth and dominance in the smart garbage bin is sensor use, various communication methods like wireless, intercom and various innovative ideas. The key factors influencing growth include demand-supply scenario, pricing structure, profit margins, production and value chain analysis. The installation of the smart garbage bin can help to recycle the trash for further use.
North America has been a dominating part in the smart automatic touch less garbage bins and reported as it will maintain the dominance now and in future as well. This is expected to create a positive impact of recycling and management of waste and reducing human efforts by installation of sensor and innovative based garbage bins. COVID-19 pandemic has put a lot of pressure on trash can manufacturers due to acute shortage of laborers as well as consumers strictly following the lockdown orders amid the crisis.
North America Automatic Touchless Garbage Bin Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.75 million
14 - 23 gallons
14 - 23 gallons
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The North America Automatic Touchless Garbage Bin Market are segmented based on capacity, sale channel, applications, End user, and region. Based on capacity, the North America Automatic Touchless Garbage Bin Market is further sub-segmented into 8 -13 gallons, 14 - 23 gallons and 23 gallons above . According to End user, North America Automatic Touchless Garbage Bin Market is further sub-segmented into commercial and residential industries. Based on region, the Automatic Touchless Garbage Bin Market is segmented into North America, Latin America, Europe, Asia Pacific, and MEA.
North America Automatic Touchless Garbage Bin Market Analysis by Capacity
Due to the availability of a sizable number of goods in capacities falling within the range, such as 13.2 gallons, 14 gallons, 15 gallons, 18 gallons, 22 gallons, and so on, the 14 to 23-gallon capacity sector is projected to dominate the market in North America in terms of revenue. Because the commercial sector needs trash cans with bigger capacities to amass significant volumes of waste produced at hotels, public restrooms, and hospitals, among other places, there is in particular demand for 14 to 23-gallon automatic garbage bins. A ubiquitous household item, particularly in kitchens, rooms, and other areas of a home, are smart garbage cans with capacity of 8 to 13 gallons.
These trash cans are also typically found in business spaces including offices, cabins, hotel rooms, and medical facilities. As homes gradually modernise and change their lifestyle, automatic trash cans are becoming more and more popular in the residential sector. As a result, the market for touchless garbage cans in the 8 to 13 gallon size range is anticipated to expand at an impressive rate over the projected period.
North America Automatic Touchless Garbage Bin Market Analysis by End Use
Beginning in 2021, the commercial segment prospered, because of increased knowledge of the convenience the product offers, it is projected that the demand for autonomous garbage bins from the residential sector will increase dramatically over the next few years. The ease of use along with growing awareness of the importance of maintaining clean environments by preventing the spread of germs is anticipated to increase demand for intelligent trash cans.
Due to the need for hardware components like sensors, motion detectors, and batteries, smart garbage cans are frequently pricey. The commercial segment is anticipated to dominate the market throughout the projection period since price sensitivity is higher in the residential sector. The residential sector's demand for touch-free trash cans is also anticipated to grow significantly over the next seven years, in line with the rising popularity of automatic trash cans among homeowners, the modernising of families' lifestyles, and the rising awareness of the importance of preserving a clean, tidy environment and good hygiene.
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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 the 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.
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North America Automatic Touchless Garbage Bin Market Drivers
State-Of-The-Art Garbage Bins are Trending due to Its Advanced Features
North America Automatic Touchless Garbage Bin Market Restraints
Slower Adoption of Latest Technology to Hinder Market Growth
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The 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.
North America Automatic Touchless Garbage Bin Market Top Player's Company Profiles
North America Automatic Touchless Garbage Bin Market Recent Developments
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According to our North American Smart Garbage bin market analysis, Local government bodies, public welfare organizations, and other related regulatory boards are introducing innovative approaches to maintain a clean and healthy environment in urban areas. As a result, manufacturers of touch-free garbage bins are scaling up their efforts to encourage people to use their products. Additionally, owing to product manufacturers and the government's efforts, the residential population is being encouraged to adopt touchless garbage containers in their regular disposal operations. These factors are creating potential opportunities for the market to grow in the forecast period. 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 size value in 2021||USD 6.75 million|
|Market size value in 2030||USD 7.22 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the North America Automatic Touchless Garbage Bin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the North America Automatic Touchless Garbage Bin Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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