Global Smart Trash Bin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Smart Trash Bin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Compared with ordinary trash cans, the intelligent trash can can be opened and closed by sensors, which is convenient without manual and foot stepping.

Market Overview:

The latest research study on the global Smart Trash Bin market finds that the global Smart Trash Bin market reached a value of USD 93.02 million in 2022. It’s expected that the market will achieve USD 140.84 million by 2028, exhibiting a CAGR of 7.16% during the forecast period.

Market Opportunities and Drivers

Driven by advanced technology, smart trash cans can be remotely controlled by mobile applications, which is rapidly being sought after by consumers. Because users don't have to dispose of the trash can by themselves, it provides higher convenience, prevents the spread of bacteria, and ensures hygiene. At present, many suppliers have introduced products that use motion sensors to open and close lids automatically, which is very convenient for consumers with special needs. In addition, cross-contamination is a common problem, such as hotels, restaurants and hospitals, which will benefit a lot from this technology.

Market Challenges

The application of smart solutions in developing countries is low, and the development of smart home is limited by economic factors and technical factors, which makes it impossible to develop. At the same time, the less developed countries lack of consideration for the intelligent strategy of garbage classification and garbage disposal, and the awareness of intelligent garbage system cannot be promoted to the hearts of the masses.

Market Trends

In order to further develop urban construction, improve the quality of urban life and reduce the burden of garbage, the country will pay great attention to intelligent garbage solutions. Manufacturers seize this opportunity and discuss cooperation with government departments for development. For example, there is a great demand for intelligent waste systems in Europe due to the financial constraints of cities and the demand for alternative solutions to reduce the cost of garbage collection. Due to the development of urbanization, the Asia-Pacific region may weigh the demand for intelligent garbage bins within the predicted time range, and the increase of garbage and the shortage of garbage disposal facilities are expected to boost the demand for intelligent garbage bins. In addition, India has been taking measures to mark smart cities that can promote economic growth and improve people's quality of life through technology.

Region Overview:

North America was the largest revenue market with a market share of 37.79% in 2015 and 37.59% in 2019, a decrease of 0.20%. In 2019, the Europe market share was 32.39%, ranking second.

Company Overview:

The top three companies are Simplehuman, iTouchless Housewares & Products, Nine Stars with the revenue market share of 23.72%, 18.00% and 7.96% in 2019.

Segmentation Overview:

Among different product types, 14 to 23 gallon segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Commercial segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Smart Trash Bin market covered in Chapter 3:

Simplehuman
EKO USA
iTouchless Housewares & Products
Foshan Shunde Smart Intelligent Technology Co., Ltd.
Nine Stars

In Chapter 4 and Chapter 14.2, on the basis of types, the Smart Trash Bin market from 2018 to 2029 is primarily split into:

8 to 13 gallon
14 to 23 gallon
Above 23 gallon

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Smart Trash Bin market from 2018 to 2029 covers:

Residential
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)