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

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

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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.

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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. 

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