BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the North America smart trash bin market size at USD 8.2 billion in 2022. During the forecast period between 2023 and 2029, North America smart trash bin market size is projected to grow at an impressive CAGR of 9.3% reaching a value of USD 14.86 billion by 2029. The growing demand for efficient waste management and disposal is one of the primary reasons driving market progress. The rising concerns for cleanliness and hygiene to stop the transmission of germs is in line with an increase in the demand for automatic garbage cans. Several measures are being introduced by local government entities, other pertinent regulatory authorities, and public welfare organizations to ensure a cleaner environment in urban areas. As a result, manufacturers of touchless trash cans are working harder to encourage people to utilize their goods.
North America Smart Trash Bin Market - Overview
Smart trash bins are automatic trash cans or bins used for waste disposal or management. It is a sensor-based, touchless technology that requires less human effort. Over the projected period, demand is expected to increase due to increasing innovation and the usage of cutting-edge technology in smart garbage cans. The market for smart trash cans has expanded as a result of the necessity for the nation to upgrade its waste management system.
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North America Smart Trash Bin Market – By Source
The 14–23 gallon capacity category is expected to lead the market in North America in terms of revenue due to the availability of a large variety of goods in sizes ranging from 13.2 gallons to 14 gallons, 15 gallons, 18 gallons, 22 gallons, and so on. The commercial sector, which needs trash cans with higher capacities to collect enormous volumes of waste created by hotels, public restrooms, and hospitals, among other places, is where 14–23 gallon automatic garbage cans are particularly well-liked.
Impact of COVID-19 on North America Smart Trash Bin Market
COVID-19 pandemic had a significant impact on the expansion of the market under study. Growing awareness of the importance of preserving cleanliness and hygiene in one's surroundings has increased demand for smart trash cans, particularly in the residential and healthcare sectors. These developments are causing regular changes in consumer buying habits, which will probably have a positive long-term effect on the industry under investigation.
Competitive Landscape
North America smart trash bin market is fiercely competitive. Prominent players in the market include CleanRobotics, Ausko Pte Ltd, Evreka, Enevo Inc., iTouchless Housewares and Products Inc., and Sensoneo. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in North America smart trash bin market.
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