Global Trash Compactors Market Growth 2023-2029

Global Trash Compactors Market Growth 2023-2029

A compactor is a machine or mechanism used to reduce the size of material such as waste material or bio mass through compaction. A trash compactor is often used by a home or business to reduce the volume of trash. Trash compactors are quite similar to industrial balers, but they are usually used to process non-recyclable materials. The garbage is loaded into the input chamber and subjected to tremendous pressure by a hydraulic or pneumatic press. Once it’s processed, the volume of the waste is greatly reduced, which makes it easier to handle and cheaper to transport, since fewer hauling rounds are required.

LPI (LP Information)' newest research report, the “Trash Compactors Industry Forecast” looks at past sales and reviews total world Trash Compactors sales in 2022, providing a comprehensive analysis by region and market sector of projected Trash Compactors sales for 2023 through 2029. With Trash Compactors sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Trash Compactors industry.

This Insight Report provides a comprehensive analysis of the global Trash Compactors landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Trash Compactors portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Trash Compactors market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Trash Compactors and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Trash Compactors.

The global Trash Compactors market size is projected to grow from US$ 284.7 million in 2022 to US$ 352.8 million in 2029; it is expected to grow at a CAGR of 352.8 from 2023 to 2029.

Global Trash Compactors key players include Wastequip, Precision Machinery Systems, PRESTO, Marathon Equipment, etc. Global top four manufacturers hold a share over 15%.

USA is the largest market, with a share about 30%, followed by China, and Germany, both have a share about 15 percent.

In terms of product, 5-10 cubic yards is the largest segment, with a share over 50%. And in terms of application, the largest application is Distribution Center, followed by Airport, Hospital, Retail Store, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Trash Compactors market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

0-5 cubic yards

5-10 cubic yards

10+ cubic yards

Segmentation by application

Airport

Grocery Store

Distribution Center

Hospital

Retail Store

Other Commercial Use

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Wastequip

PRESTO

Marathon Equipment

Capital Compactors & Balers

Pakawaste

Harmony Enterprises

BERGMANN

Sunshine Recycling

Precision Machinery Systems

Kenburn

WasteCare Corporation

Nedland Industries

Mil-tek

Compactors, Inc.

ACE Equipment Company

AEL

Huahong Technology

SYET

Whua Res Founder

Tianzhi

Key Questions Addressed in this Report

What is the 10-year outlook for the global Trash Compactors market?

What factors are driving Trash Compactors market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Trash Compactors market opportunities vary by end market size?

How does Trash Compactors break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.