Trash Compactors Market shall reach a value of $449.8 Million in 2027, growing with a CAGR of 3.5% during the forecast period of 2020 to 2027.
The rising fine or charges for disposal of waste in developed countries and stringent regulatory policies are expected to bolster the growth of the trash compactors market. Also, recent studies reveal that the trash compactors market will witness positive growth through 2020 owing to rising government initiatives to waste management.
Trash compactors are machines used to reduce the size of waste materials through compaction. This is mostly used by corporates and large-sized organizations to process non-recyclable materials. Also, trash compactors make it easier to handle and transport wastes, thus reducing cost and resources.
The technological innovations in the trash compactors market have also contributed to the overall market growth. Solar power transmitters, photo-eye sensors, detection sensors, and other additions are some of the major trends driving the trash compactors market growth. By region, North America is one of the largest producers of trash compactors, followed by Europe.
Trash Compactors Market Growth and Trends
The global trash compactor market is expected to grow at a steep rate in the near future, where rising cost of waste disposable systems is one of the primary factors triggering the growth of the trash compactor market. Stringent regulatory policies along with increased waste disposable charges in developed countries is also fostering the growth of the trash compactor market. Awareness of increased services for garbage collection alongside introduction of programmes such as ‘Pay as you Throw’ by waste management services across several cities is most likely to increase the demand for trash compactors. Moreover, increasing concerns in relation to limited spaces in landfills along with the avoidance of burning waste owing to emission of hazardous gases is expected to increase the demand for trash compactors. Induction of trash compactors for residential use will also accelerate the growth of the trash compactor market. Latest trends in developed countries, such as the built-in Wi-Fi connection and solar power transmitters that send signals for waste collection once the bins are full, are showing very high growth trends in the residential trash compactor market as it helps in reducing the overflow of waste. Advanced features such as automatic loading doors, adjustable photo-eye sensors for the detection of approaching patrons are other technological trends in the trash compactor market contributing to growth. Stationary compactors are usually used for dry waste and are appropriate for waste haulers, home supply chains, clothing and merchandise chains, apartment buildings, government installations, college campuses, and distribution warehouses. Self-contained compactors are basically used for disposing wet waste and are ideal to be used in supermarkets, movie theatres, hospitals, malls, restaurants, food processors, and retail supercentres. Vertical compactors used to treat plastic bottles, aluminium cans, baling of cardboard, and siding are high in usage in the industrial and commercial segments.
However, lack of knowledge about safe waste disposable systems is a restraining factor for the growth of the trash compactors market.
Trash Compactors Market Competition
Key companies operating in this industry are Wastequip, PRESTO, Marathon Equipment, Capital Compactors & Balers, Pakawaste, Harmony Enterprises, BERGMANN, Sunshine Recycling, Precision Machinery Systems, Kenburn, WasteCare Corporation, Nedland Industries, Mil-tek, Compactors, Inc., ACE Equipment Company, AEL, Huahong Technology, SYET, Whua Res Founder and Tianzhi.
• Trash Compactors Market Revenue Estimation and Forecast (2020 – 2027)
• Production Estimation and Forecast (2020 – 2027)
• Sales/Consumption Volume Estimation and Forecast (2020 – 2027)
• Breakdown of Revenue by Segments (2020 – 2027)
• Breakdown of Production by Segments (2020 – 2027)
• Breakdown of Sales Volume by Segments (2020 – 2027)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Trash Compactors Market Segmentation
Product Outlook (Revenue, USD Million, 2020 - 2027)
• 0-5 cubic yards
• 5-10 cubic yards
• 10+ cubic yards
Application Outlook (Revenue, USD Million, 2020 - 2027)
• Grocery store
• Distribution center
• Retail store
• Other Commercial Use
Country (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Trash Compactors Market Companies
• Marathon Equipment
• Capital Compactors & Balers
• Harmony Enterprises
• Sunshine Recycling
• Precision Machinery Systems
• WasteCare Corporation
• Nedland Industries
• Compactors, Inc.
• ACE Equipment Company
• Huahong Technology
• Whua Res Founder
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