Report Overview

Increasing adoption of Internet of Things (IoT) and wireless connecting devices, as well as other advancements in technology, are driving more investments in smart cities and efficient waste management systems are expected to boost the growth of North America Smart Trash Bin Market during the forecast period between 2023 and 2029.

North America Smart Trash Bin Market - Industry Trends & Forecast Report, 2029

North America smart trash bin market size was estimated 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 a CAGR of 9.3% reaching a value of USD 14.86 billion by 2029. One of the main factors promoting market expansion is the increasing demand for smart waste management and disposal. An increase in the demand for automatic trash cans is in line with the growing concern for cleanliness and hygiene to prevent the spread of germs. To maintain a cleaner environment in urban areas, local government entities, other relevant regulatory bodies, and public welfare organizations are introducing various initiatives. Therefore, producers of touchless garbage bins are increasing their efforts to promote the use of their products.

North America Smart Trash Bin Market - Overview

Smart trash bins/cans used for garbage management or disposal are known as smart trash bins. It is a touchless, sensor-based system that reduces human effort. Growing innovations and use of advanced technology in smart trash bins are expected to boost demand during the forecast period. The region's need to improve its waste management system has fueled the growth of the smart trash bin market.

Growth Drivers

Rapid Urbanization and Growing Investments in Smart City Projects

Urbanization has increased significantly over the years. Because of the increased consumption of packaged or processed goods, urbanization is related to waste generation. Urbanization has a greater impact in developing countries than in developed countries. Due to a lack of awareness and the necessary infrastructure, a significant portion of waste is openly dumped in developing regions.

Restraints

High Cost of Installation and Lack of Awareness

Excessive cost of installation and a lack of awareness among people are the major factors limiting the growth of the trash bin market. One of the major factors impeding the growth of the smart trash bin market is the inflated cost. A smart trash can cost more than three times as much as a traditional trash can. The high cost stems from the sensors, software, and other components used in the smart trash bin. Another factor impeding the growth of the smart trash bin market is a lack of public awareness. People in some countries are unaware of the advantages of using a smart trash bin.

Impact of COVID-19 on North America Smart Trash Bin Market

COVID-19 pandemic had a significant impact on the expansion of North America smart trash bin market. Growing awareness of the importance of preserving cleanliness and hygiene in the surroundings have increased the 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.

North America Smart Trash Bin Market

Segmental Coverage

North America Smart Trash Bin Market - By Capacity

Based on capacity, North America smart trash bin market size is divided into 8–13 Gallon, 14–23 Gallon, and Above 23 Gallon segments. Because of the availability of a large number of products in sizes ranging from 13.2 gallons to 14 gallons, 15 gallons, 18 gallons, 22 gallons, and so on, the 14–23-gallon capacity segment is expected to dominate the market in North America in terms of revenue. The 14–23 gallon automatic garbage cans are especially popular in the commercial sector, which requires trash cans with larger capacities to collect large volumes of waste generated by hotels, public restrooms, and hospitals, among other places. Meanwhile, smart trash cans with capacities ranging from 8 to 13 gallons are commonly used in the home, particularly in kitchens, rooms, and other areas. These trash cans are also typically found in business spaces including offices, cabins, hotel rooms, and medical facilities.

North America Smart Trash Bin Market - By End User

Based on purity, North America smart trash bin market is split into Residential and Commercial segments. The commercial segment held more than half of the market share. However, the demand for automatic trash cans in the residential sector is expected to rise significantly in the coming years as consumers become more aware of the product's convenience. The ease of operation provided, combined with increased awareness about maintaining hygienic surroundings by avoiding germ cross-contamination, is expected to increase demand for smart garbage cans.

Smart trash cans are generally costly due to the need for hardware components, such as sensors, motion detectors, and batteries. With price sensitivity higher in the residential sector, the commercial segment is expected to lead the market during the forecast period.

 North America Smart Trash Bin Market - By Sales Channel

Based on purity, North America smart trash bin market is bifurcated into Offline and Online segments.

North America Smart Trash Bin Market - By Country

The North America smart trash bin market covers United States and Canada. Touchless garbage bin manufacturers and vendors in North America include Nine Stars Group (USA) Inc., iTouchless Housewares & Products, Inc., and Simplehuman. These businesses are focusing on strategic growth through mergers and acquisitions as well as innovative product launches. The country, particularly the United States, is seeing a proliferation of smart garbage cans, owing to the populace's strong desire to adopt cutting-edge technology. At the same time, the region's high purchasing power and growing investments by market players in cutting-edge technologies are driving market growth.

Competitive Landscape

North America smart trash bin market size is fiercely competitive. Major companies in the market include CleanRobotics, Ausko Pte Ltd, Evreka, Enevo Inc., iTouchless Housewares and Products Inc., and Sensoneo. The key strategies used by these market leaders are new product launches, mergers & acquisitions, and alliances. To grow their market share, these companies are also focusing on investing in innovations, collaborations, and expansions.

Recent Developments

• In March 2021 – REEN acquired Enevo Group, a technology company. Through the acquisition, REEN's position in technological solutions to modernize and streamline waste management is expected to be strengthened.

Scope of the Report

By Capacity

• 8–13 Gallon

• 14–23 Gallon

• Above 23 Gallon

By End User

• Residential

• Commercial

By Sales Channel

• Offline

• Online

By Country

• United States

• Canada