North America Smart trash bin Market: Industry Analysis and Forecast (2023-2029) by Capacity, Application and sale channel.

North America Smart trash bin Market was worth US$ 9.40 Mn in 2022, and overall revenue is anticipated to rise at a rate of 6.4% from 2023 to 2029, reaching almost US$ 14.52 Mn In 2029.
North America Smart trash bin Market Overview:
The automated garbage bins/cans used for waste management or disposal are known as smart trash bins. It is a sensor-based, touch-less technology that reduces human effort. The need for smart garbage bins is rapidly rising as a result of a combination of factors such as urbanization and globalization. While addressing the growth in worldwide demand for the smart trash bin, leading market players in the smart trash bins market are focusing on various waste management prospects.

In 2017, approximately 7 million tons of solid trash were created, according to the National Environment Agency. Furthermore, from 4.77 million tons in 2016 to 4.72 million tons in 2017, the quantity of garbage recycled reduced.
North America Smart trash bin Market Dynamics:
In North America, the concept of smart city and efficient waste management solutions is growing rapidly. Touchless trash cans provide comfort while also preventing germ cross-contamination. Wi-Fi-enabled devices and the Internet of Things are becoming more popular (IoT) so the use of the device for smart trash bin drives the market

On one hand, the technology developed at a higher rate for improving the condition of smart cities on the other hand adaption of these technologies for smart solution rates is very slighter. It is one of the restraints of the smart trash bin market.

For instance In Mexico, urbanisation was 80.44 % in 2019 and 80.16 % in 2017. People's growing environmental awareness of renewable waste management technologies, as well as rising Carbon emissions, are projected to drive the waste management industry forward.

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Segment Analysis:
The North American smart trash bin market is classified based on the following segments: capacity, sale channel, and application.

Based on capacity, the market is divided into 8 to 13 gallons, 14 to 23 gallons and above 23 gallons.

The 14 to 23 gallon is dominated by the availability of a huge number of products in capacities within the range, such as 13.2 gallons, 14 gallons, 15 gallons, 18 gallons, 22 gallons, and so on. The commercial sector, which requires trash bins with higher capacity to gather huge volumes of waste created in hotels, public toilets, and hospitals, among other places, is particularly in demand for 14 to 23-gallon automated garbage bins.

Meanwhile, smart garbage cans with sizes ranging from 8 to 13 gallons are widely utilized in homes, notably in kitchens, rooms, and other areas. Garbage cans like this are also popular in business settings, including offices, cabins, hotel rooms, and hospital rooms.



Based on application, the market is divided into commercial and residential.

In 2022, the commercial segment accounted for more than half of the market. However, due to rising awareness of the product's convenience, demand for automated garbage bins in the residential sector is expected to increase considerably in the coming years. The ease of use, combined with a growing awareness of the importance of keeping a sanitary environment by minimising cross-contamination of germs, is likely to drive increased demand for smart garbage cans.



On the Basis of the sale channel, the market is divided into online and offline.

The online sector has the highest market share of xx%, and it is anticipated to grow at the fastest rate over the next several years. Online platforms provide more alternatives. The demand for this segment is also driven by convenience, free home delivery, and payment security.

The objective of the report is to present a comprehensive analysis of the North America Smart trash bin Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global market dynamics, structure by analyzing the market segments and project the global North America Smart trash bin Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the market make the report investor’s guide.
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Global North America Smart trash bin Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 9.40 Mn.


Forecast Period 2023 to 2029 CAGR:
6.4%
Market Size in 2029:
US $ 14.52 Mn.


 Segments Covered:
by Capacity
8 to 13 gallon
14 to 23 gallon
above 23 gallon


by Application
Commercial
Residential


by Sale channel
Online
Offline



North America Smart trash bin Market Key Players:
1. Ausko Pte Ltd.
2. Nine Stars Group Inc.
3. iTouchless Housewares & Products, Inc.
4. Simplehuman
5. HANGSHAU Houseware Co., Ltd.
6. Enevo Inc
7. Home Depot Product Authority, LLC
8. Honey Can Do International, Inc.
9. Modern Home
10.Sigfox
Frequently Asked Questions:
1) What was the market size of the North America Smart trash bin Market in 2022?
Ans - Global Market was worth US$ 9.40 Mn in 2022.

2) What are the market segments of the North America Smart trash bin Market?

Ans - The market segments are based on capacity, sale channel and application.

3) Which sub-segment on the basis of capacity is dominated in North America Smart trash bin Market?

Ans - On the basis of capacity, 14 to 23-gallon segment is dominated in m

4) Which are the major key players in North America Smart trash bin Market?

Ans - The major key players in the market are as follows Ausko Pte Ltd., Nine Stars Group Inc., iTouchless Housewares & Products, Inc., Simplehuman, HANGSHAU Houseware Co., Ltd., Enevo Inc, Home Depot Product Authority, LLC, Honey Can Do International, Inc., Modern Home, Sigfox.

5) What is the forecast period considered for North America Smart trash bin Market?

Ans - The forecast period for the North America Smart trash bin Market Market is 2023 to 2029.