Smart trash bin are the automatic garbage bins/cans which are used for garbage management or disposition. It is touchless and sensor based system which reduce the human efforts. Growing Innovations and use of advanced technology in the smart trash bin is expected to boost the demand for smart trash bin in near future. Need for the improvement in waste management system in the country has promoted the growth of the smart trash bin market.
8 to 13 gallon capacity smart trash bins are extensively used by the residential segment as household produce less waste as compare to commercial sector and 8 to 13 gallon smart trash bins are sufficient to hold household made waste.
The residential segment is likely to hold major share in the global smart trash bin market during forecast period. This is majorly attributed to growing urbanized population and unavailability of waste disposable facilities or insufficient waste management practices likely to promote household to have smart trash bin in home or house.
Online platforms are becoming prime choice of the consumers for buying electronic products as it provides detailed technical description and guidance through text as well as videos for installation of the product. As these online platforms gives more option to choose from numerous option. Additionally, some promoting factors such as convenience, free home-delivery, and ease of payment has enabled consumers to buy smart trash bin online.
Through CSR activities, private and public companies are contributing in various government projects such as Namami Gange Programme, Swachh Bharat Abhiyan, Gramin Swachh Bharat Mission and others. This participation is likely to help government to raise fund for completion of such clean India initiatives, which in turn, infiltrate the growth of the trash bin market during forecast period .
For instance, according to India Brand Equity Foundation, India launched Swachh Bharat Mission in 2018, in order to achieve a clean India through ensuring cleanliness and sanitation.
Asia pacific is likely to weigh the demand for smart trash bin during forecast timeframe owing to growing urbanization and increasing garbage with insufficient of waste disposition facilities is expected to boost the demand for smart trash bin. In 2016, 33% of Indian population was in urban areas and it is expected to increase to 600 million by 2031. Moreover, India has been taking initiatives for marking smart cities which drive economic growth and quality life of the people through technology.
North America has been dominating the global smart trash bin market and is likely to sustain its dominance during forecast period . This is majorly attributed to growing innovation in the smart trash bin such as sensors, wireless communication modules, and other innovations making it convenient to use. Additionally, Growing demand for methodical or systematic waste disposal practices or facilities has given border scope for the smart trash bin market at global level.
Smart trash bin market has been segmented into capacity, end users and sales channel. Capacity is further bifurcated into 8 to 13 gallon, 14 to 23 gallon, above 23 gallon. End users are grouped into residential and commercial. The product is available offline and online. Offline including supermarket/ hypermarket, specialty stores, convenience stores and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The prominent players in the global smart trash bin market concentering on making awareness regarding the use of the product through heavy investment on promotion and advertising, which likely to spur the demand for smart trash bin. These players including Ausko Pte Ltd.; Nine Stars Group Inc. iTouchless Housewares & Products, Inc., Ecube Labs, Simplehuman and HANGSHAU Houseware Co., Ltd. and others.
Key Benefits for Stakeholders:
- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global smart trash bin market to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes the analysis of the regional & global market, key players, market segments, application areas, and growth strategies.
Smart Trash Bin Market Report Highlights
By End User
By Sales Channel
Key Market Players
iTouchless Housewares & Products, Inc., Nine Stars Group Inc, Ausko Pte Ltd., Simplehuman, Ecube Labs, HANGSHAU Houseware Co., Ltd.