Industry Analysis & Industry Trends
Over the past five years, strong industry growth has been driven by demand from local authorities for municipal waste collection services, through contracts for private collection. As more local governments outsource refuse collection services, revenue and services within the industry continue to grow. Government policies are also driving industry growth. A greater focus on recycling programs and the expansion of these policies into newly regionalised areas has increased the need for solid and recyclable waste collection by industry firms... purchase to read more
Industry Report - Starting a New Business Chapter
Entry barriers to the industry are relatively high due to high capital costs related to truck and equipment expenses. These vehicles tend to be custom-made and need to be purchased, rather than rented or leased. Larger companies with extensive waste collection services are able to optimise vehicle usage levels, which can also lead to cost savings and lower tendering prices, creating entry barriers for new firms.
A large proportion of industry revenue is derived from outsourced local government contracts for waste collection services. Incumbent firms tend to have an advantage in the tendering process at renewal time, which creates an entry barrier for new firms... purchase to read more