Industry Background:
Trash compactors are used to compact trash at the source. Trash compactors market has high growth prospects owing to increasing demand from the healthcare & medical facilities, commercial kitchens, hotels & restaurants, amusement parks, institutional facilities, and others. Moreover, the growing government focus on waste management further driving the demand for trash compactors. For instance, Collier County announced to deploy solar-powered trash compactors on 10 public beaches and marinas. In addition, rising demand from the developing economies expected to drive the market demand over the forecasted period.
This growth is primarily driven by Growing Awareness about Advanced Waste Collection Services and Stringent Government Regulations for Waste Disposal.
Globally, a noticeable market trend is evident Emergence of Waste Compactors with Solar Power and Built-In Wi-Fi Connection
. Major Manufacturers, such as Wastequip, LLC (United States), KenBay (United States), WasteCare Corporation (United States), Ecube Labs (South Korea), Compactor Management Company (United States), SP Industries, Inc. (United States), Marathon Equipment (United States), PRESTO GmbH & Co. KG (Germany), TR Balers and Compactors (United States), Sunshine Recycling Inc. (United States) and Ace Equipment Company (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
29th May 2019, Wastequip launched new Clean-Pak self-contained compactor with hoses outside the charge box area and hydraulic cylinders in the United States market. This compactor is ideal for medical and food waste applications.
Market Drivers
- Growing Awareness about Advanced Waste Collection Services
- Stringent Government Regulations for Waste Disposal
Market Trend
- Emergence of Waste Compactors with Solar Power and Built-In Wi-Fi Connection
- Increasing Use of Trash Compactors for Residential Use
Restraints
- High Cost of Waste Compactors
Opportunities
Development of Waste Compactors with Adjustable Photo Eye Sensor and Automated Loading Doors and Increasing Demand from the Developing Economies Such As India, China, Japan, And Others
Challenges
Lack of Awareness in the Emerging Economies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Trash Compactors Study Sheds Light on
The Trash Compactors Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Trash Compactors industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Trash Compactors industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.