Gurgaon Samachar

North America Smart Trash Bin Market To Grow At 6.9% CAGR Owing To Rising Awareness For Cleanliness and Hygiene Till 2025 | Million Insights

 Breaking News
  • No posts were found

North America Smart Trash Bin Market To Grow At 6.9% CAGR Owing To Rising Awareness For Cleanliness and Hygiene Till 2025 | Million Insights

July 27
05:16 2020
North America Smart Trash Bin Market To Grow At 6.9% CAGR Owing To Rising Awareness For Cleanliness and Hygiene Till 2025 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the North America smart garbage bin industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

The North America Smart Trash Bin Market size is projected to value at USD 12.3 million by 2025, according to a new report published by Million Insights, growing at a CAGR of 6.9% from 2018 to 2025. These are also called automatic trash bins. The touchless trash cans have the ability to operate with no physical contact and are sensor-based.

Regional manufacturers are investing extensively in product development to introduce innovative solutions to enhance product portfolio. They are providing unique touchless waste disposal solutions by targeting customers to open new avenues for expansion. The 14 to 23 gallon segment held the largest market share in 2017 due to the availability of a variety of bins under this range and the use of these products in the commercial sector, thus, contributing to the segment growth.

The need for automatic garbage bins in the North American region, especially in the U.S. has observed substantial growth in recent years. The U.S. is expected to maintain its lead in the market throughout the forecast period due to the rising demand for smart garbage bins coinciding with the rising awareness for cleanliness and hygiene to refrain from cross-contamination of bacteria and germs.

To download the sample pdf of North America Smart Trash Bin Market Report “Please” click here https://www.millioninsights.com/industry-reports/north-america-smart-trash-bin-market/request-sample

The commercial segment held the dominant position in the overall market in 2017. These automatic garbage bins are commonly used in the commercial sector particularly in retail shops, corporate offices, restaurants, clinics, hospitals, and other public places like, malls, restrooms, multiplexes, bus & metro stations, and airports. The demand for these bins in the residential sector is further expected to increase in the next seven years due to its popularity, rising awareness for clean surroundings, and the modernizing lifestyle of people.

North America can be viewed as the production hub of the smart garbage bins as it is the parent land of many suppliers and manufacturers like iTouchless Houseware & Products, Inc. (U.S.), simplehuman (U.S.), Nine Stars Group (USA) Inc., Costco Wholesale, and Walmart. Furthermore, these market players are supplying their services across the globe through different e-commerce platforms by partnering & collaborating with the e-commerce giants. Therefore, online and e-commerce shopping are likely to have a favorable influence on the North America smart trash/garbage bin market. 

To browse report summary & detailed TOC, “please” click the link below:  https://www.millioninsights.com/industry-reports/north-america-smart-trash-bin-market

Further key findings from the report suggest:

• The 8 to 13 gallon capacity segment is expected to observe a significant growth from 2018 to 2025.

• The residential segment is poised to register the highest CAGR by 2025.

• U.S. is expected to lead the entire North American regional market based on shipments and revenue.

• The rising awareness to maintain a hygienic and clean lifestyle and refrain from cross-contamination of germs is encouraging households to use advanced and modern appliances like touchless garbage bins.

• The ease of operation while disposing of the waste automatically is boosting the North American market.

• The key players include iTouchless Houseware & Products, Inc. (U.S.), simplehuman (U.S.),Nine Stars Group (USA) Inc.,HANGSHAU Houseware Co., Ltd. (China), and AuskoPte Ltd. (Singapore).

Million Insights 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, Shipment, Thousand Units, 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, Shipment, Thousand Units, 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

Read the Latest Press Releases By Million Insights:

• Makeup Base Market: The global makeup base market size is projected to touch USD 18.0 billion by 2025. It is anticipated to grow at a CAGR of 5.8% through the forecast period of 2019 to 2025. Increasing awareness among consumers regarding their physical appearance along with increasing buying power in emerging economies like India, Brazil and China is propelling the demand for makeup base all across the globe.

• Tea-based Skin Care Market: The global tea-based skin care market size is projected to touch USD 278.4 million by 2025. It is anticipated to grow at a CAGR of 7.5% through the forecast period of 2019 to 2025. Increasing awareness regarding the benefits of tea-extracts in skincare products is driving the growth of the industry.

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/north-america-smart-trash-bin-market