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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.
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.
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
Other prominent vendors in the market include Electrolux, Sears Brands, and Viking Range.
Technavio also provides customized reports based on the specific requirements of our clients.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
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
PART 13: Appendix
PART 14: Explore Technavio
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