All these factors are positively influencing the growth of the global smart trash bin market. For instance, Nine Stars offers touchless smart trash bins that use motion sensors to automatically open and close the lid.
To capitalize on this demand, vendors in the market are introducing a wide range of touchless trash bins that offer convenience to end-users. With the growing need for maintaining health and hygiene, especially at commercial spaces such as hotels, hospitals, and restaurants where the risk of contamination is high, there is a significant demand for efficient sanitary solutions. This is beneficial for older consumers and people with disabilities as these are convenient to operate. Smart trash bins offer convenience to consumers by allowing them to remotely operate the trash bin by a smartphone app connected to a Wi-Fi network. Smart Trash Bin Market: Convenience offered by touchless trash bins to drive growth The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth. The report also throws light on the impact of the COVID-19 pandemic on the market and the new opportunities and challenges that market players can expect. LONDON-( BUSINESS WIRE)-The smart trash bin market is expected to grow by USD 75.44 million during 2020-2024, expanding at a CAGR of over 5%.
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