Amid the COVID-19 crisis, the global market for Smart Trash Bin estimated at US$16.2 Million in the year 2020, is projected to reach a revised size of US$46 Million by 2027, growing at a CAGR of 16.1% over the analysis period 2020-2027. Under 5 gal, one of the segments analyzed in the report, is projected to record a 16.1% CAGR and reach US$7.4 Million by the end of the analysis period. Market is Estimated at $4.8 Million, While China is Forecast to Grow at 15.5% CAGR After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Between 5-9 gal segment is readjusted to a revised 16.3% CAGR for the next 7-year period. is estimated at US$4.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8 Million by the year 2027 trailing a CAGR of 15.5% over the analysis period 2020 to 2027. Between 10-14 gal Segment to Record 17.3% CAGR Within Europe, Germany is forecast to grow at approximately 11.8% CAGR.Īmong the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.3% and 13.8% respectively over the 2020-2027 period. In the global Between 10-14 gal segment, USA, Canada, Japan, China and Europe will drive the 17.1% CAGR estimated for this segment.
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