Market outlook of the global trash compactor market
Technavio’s market research analyst predicts that the global market for trash compactors will grow at a moderate CAGR of approximately 2% during the forecast period. The introduction of stringent regulatory policies and the increased charges for the disposal of waste products in developed countries are expected to bolster market growth during the predicted period.
The increasing cost of waste disposal is expected to be the primary driver for this market. The widespread usage of garbage collection services and the high adoption of the PAYT (pay-as-you-throw) program by waste management boards of several cities across the globe have increased the cost of waste disposal. This increasing cost of waste disposal is expected to augment the global demand for trash compactors during the forecast period.
Geographical segmentation and analysis of the trash compactor market
In this market study, Technavio analysts estimate the North American region to account for more than 76% of the total market share by 2020. The recovery of the residential housing sector in this region is a significant factor that spurs the prospects for growth in this market during the forecast period.
Competitive landscape and key vendors
The market is highly concentrated due to the presence of a limited number of players. Vendors in the market, particularly US-based companies, are restoring their manufacturing activities as it helps them to reduce the total cost of manufacture. The major players in this market compete in terms of product performance, features, ease of use, brand value, service, price, and technology to gain a competitive edge over their rivals.
The leading vendors in the market are
- Broan
- GE Appliances
- Krushr
- Whirlpool
Other prominent vendors in the market include Electrolux, Sears Brands, and Viking Range.
Key questions answered in this report include
- What factors will influence the market size and growth rate of the global trash compactor market during 2016-2020?
- What are the key market trends of the trash compactor market?
- What is driving the growth rate of the trash compactor market?
- What are the various opportunities and threats faced by the global trash compactor market?
- What are the strengths and weaknesses of the key vendors?
- What are the market opportunities and threats faced by the key vendors?
- What are the trending factors influencing the market share of North America, Europe, and ROW?
- What are the key outcomes of the five forces analysis on the trash compactor market?
Technavio also provides customized reports based on the specific requirements of our clients.
Related reports
Table of contents
PART 01: Executive summary
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Geographical segmentation
- Global trash compactor market by geography
- Trash compactor market in Europe
- Trash compactor market in ROW
PART 07: Market drivers
PART 08: Impact of drivers
PART 09: Market challenges
PART 10: Impact of drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
- Competitive scenario
- Market rank analysis 2015
- Whirlpool
- Broan
- GE Appliances
- Krushr
- Other prominent vendors
PART 13: Appendix
PART 14: Explore Technavio