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Global Trash Compactors Market is Projected to Reach US$ 310.3 Mn by 2023

Author: QYResearch | Publish date: 2018-11-19 | Views: 36
New report published by QY Research which offers insights on the Global Trash Compactors market. The Trash Compactors market has been experiencing strong growth graph in past few years. In 2017 the Global Trash Compactors market was valued at US$ 255.8 million and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 310.3 million growing at a value CAGR of 3.27% throughout the period of forecast.


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Global Trash Compactors Market: Market Driver and Restraint

Threat of substitution is one factor of the porter’s five forces. As the development of Trash Compactors made by new techniques, the function of there are specific, safe and environmental friendly. Automotive and smart will be Trash Compactors industry development direction. If manufacturers can truly consider the diversity and design of new technology, we believe that the Trash Compactors manufacturers will get a big market share.


Global Trash Compactors Market: Forecast by Nature

A compactor is a machine or mechanism used to reduce the size of material such as waste material or bio mass through compaction. A trash compactor is often used by a home or business to reduce the volume of trash. Trash compactors are quite similar to industrial balers, but they are usually used to process non-recyclable materials. The garbage is loaded into the input chamber and subjected to tremendous pressure by a hydraulic or pneumatic press. Once it’s processed, the volume of the waste is greatly reduced, which makes it easier to handle and cheaper to transport, since fewer hauling rounds are required.


This segment includes 0-5 cubic yards, 5-10 cubic yards and 10+ cubic yards. 5-10 cubic yards is expected to remain dominant in the Global market throughout the forecast period with a revenue share of 49.02% in 2023.


Global Trash Compactors Market: Forecast by Application

Application segment consists of Airport, Grocery store, Distribution center, Hospital, Retail store and others. Water & Wastewater was estimated to account for a volume share of over 21.55% in 2017 and to increase at a CAGR of 3.32% over the forecast period.


Global Trash Compactors Market: Key Players

Wastequip, PRESTO, Marathon Equipment, Capital Compactors & Balers, Pakawaste, Harmony Enterprises, BERGMANN, Sunshine Recycling, Precision Machinery Systems, Kenburn, WasteCare Corporation, Nedland Industries, Mil-tek, Compactors, Inc., ACE Equipment Company, AEL, Huahong Technology, SYET, Whua Res Founder and Tianzhi, are the key vendors included in this report. 


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https://www.qyresearch.com/index/detail/741138/global-trash-compactors-market


 

About Us: QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.

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