Technavio, a tech-focused market research firm, has published a new report on the global smart trash bin market, which is expected to grow at a CAGR of more than 16% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global smart trash bin market into the following key regions: The Americas, EMEA , and APAC.
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Top three contributors for the global Smart trash bin market are elaborated below
Smart trash bin market in the Americas: The market for smart trash bins is flourishing in the Americas owing to the increased penetration of smart appliances in the region, especially in the US. Increasing per capita incomes and number of smart homes in the region is anticipated to drive growth of the smart bin market in the Americas during the forecast period.
According to Poonam Saini, a lead analyst at Technavio, specializing in research on general retail goods and services, “High GNI, increased spending capacity of higher income groups, and a higher number of early technology adopters make the US an attractive market for technologically advanced, smart connected devices. With the right positioning and value proposition, brands are able to target the right buyer pool in the country.”
Smart trash bin market in EMEA: Fueled by the increasing adoption of smart homes and improving economic conditions in the region, the smart trash bin market in EMEA is anticipated to experience high growth in the coming years. UAE, Qatar, the UK, and France are some of the key revenue generating countries in the region.
Smart trash bin market in APAC: The growth of the smart trash bin market in APAC is expected to be facilitated by the increasing adoption of smart homes in countries such as China, Japan, and India. Developed nations, such as Australia and Japan, currently dominate the smart trash bin market in APAC.
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The leading vendors operating in the global smart trash bin market are:
- iTouchless Housewares & Products
- Nine Stars
- Spectrum Brands
- Simplehuman
Other prominent vendors in the market include EKO USA, Enevo Oy, Honey-Can-Do, Home Depot, and Modernhome.
A more detailed analysis is available in the Technavio report titled, ‘Global Smart Trash Bin Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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