Smart Trash Bin Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global smart trash bin market to grow at a CAGR of 16.48 % during the period 2017-2021 .
The following companies as the key players in the global smart trash bin market : iTouchless Housewares & Products , Nine Stars , Spectrum Brands , and simplehuman
Other Prominent Vendors in the market are : EKO USA , Enevo Oy , Honey-Can-Do , Home Depot , and Modernhome
Commenting on the report , an analyst from Technavio ’ s team said : “ Smart trash bins are being introduced in different sizes and materials , thereby creating a wide portfolio of products for customers to choose from , depending on their need and space availability . For instance , iTouchless smart trash cans range from 1.5 gallons to about 23 gallons . Other vendors such as Nine Stars Group ( USA ) also offer trash cans in the similar price range . Nine Stars Group ( USA ) has also launched a small trash can of 0.5 gallons with a dimension of 7.8 x 7.8 x 4.0 .”
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According to the report , owing to the fast-changing lifestyles and the need for convenience , consumers have been quick to adopt the latest technologies . The concept of controlling a home appliance via the internet and a smartphone is attracting huge attention from all consumer segments in recent times .
Further , the report states that smart trash bins are niche products , and their demand is minimal in developing countries such as APAC and Africa , even though the demand is increasing rapidly in developed regions such as North America and Europe .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry . The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors .
About Smart Trash Bin
The global smart trash bin market has been registering positive growth over the last few years and is shaping up to become one of the top competitive markets at a global level . With the rise in globalization , ample growth opportunities are being created in the market .