Industry Analysis & Industry Trends
Demand for hazardous waste hauling services is high, with a wide range of downstream industries producing waste that requires collection and transportation by specialist firms. Industry revenue has increased at a steady rate as hazardous waste volumes from the manufacturing, medical, construction, and hospitality sectors have generally increased as economic conditions have remained relatively sound. IBISWorld estimates hazardous waste volumes will increase at an annualised 1.7% over the five years through 2014-15. Higher volumes and strong pricing levels have contributed to industry revenue growth over these years.
Government regulations allowing only licensed companies to haul hazardous waste benefit the industry... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the growth phase of its life cycle due to the strong revenue and value added growth rates over the past five years. Further, the industry's contribution to Australia's GDP, measured by industry value added, is projected to increase at an annualised 3.6% in the 10 years through 2019-20. This is higher than forecast GDP growth over the same period of 2.7%, indicating the industry is in a growth phase. The industry has also grown at a steady rate due to steady increases in establishment numbers and government regulations that limit industry numbers.
Hazardous waste volumes are estimated to have increased at a steady rate in the past five years, which has contributed to steady demand for industry services and revenue growth... purchase to read more