![]() The regional growth can be attributed to presence of prominent smart waste bin manufacturers and sellers in North America including Nine Stars Group (USA) Inc., iTouchless Housewares & Products, Inc., and Simplehuman. North America led the overall market in 2022, with a market share of 29.74%.The multi-compartment segment dominated the market in 2022 and accounted for a market share of 59.97% and is projected to retain its dominance in the forecast period.The semi-automatic segment held a considerable market share in the year 2022.The automatic segment dominated the market in 2022 and accounted for a market share of 55.05% and is anticipated to retain its dominance over the projected period.The residential segment is anticipated to register the fastest CAGR over the forecast period.The growth of commercial segment can be attributed to the increasing popularity of smart cabinets in commercial sectors due to their ability to streamline waste management processes, reduce costs, and improve sustainability efforts. The commercial segment dominated the market in 2022 and accounted for a market share of 61.37%. ![]() The online segment is expected to emerge as the fastest growing segment in the forecast period.The offline segment dominated the over market in 2022 with a market share of about 48.46%.With increasing awareness about the smart trash cans and probable reduction in the prices is expected to contribute to the increase in demand for 8 to 13 gallon capacity segment. The 8 to 13 gallon segment is expected to emerge as the fastest CAGR of 12.81% over the forecast period.This dominance can be attributed to the wide availability of a large variety of goods in capacities ranging from 13.2 gallons to 14 gallons, 15 gallons, 18 gallons, and 22 gallons among others. The 14 to 23 gallon segment dominated the overall market, gaining a market share of 41.34% in 2022.The global smart trash bin market was valued at USD 64.39 million in 2022 and it is predicted to surpass around USD 208.35 million by 2032 with a CAGR of 12.46% from 2023 to 2032.
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