Industry Analysis & Industry Trends
Demand for hazardous waste hauling services is relatively high, due to the dangerous nature of the waste and the harm that it can cause to people and the environment. The industry services a wide range of downstream industries that produce hazardous waste requiring collection and transportation. Industry revenue has increased at a steady rate as hazardous waste volumes from the medical, construction, and hospitality sectors have generally increased as economic conditions have remained relatively sound. Although demand from the Manufacturing division is high, this market has fallen as a proportion of industry revenue in the past five years due to declines across the division.
IBISWorld expects hazardous waste volumes to increase at an annualised 1.7%... purchase to read more
Industry Report - Industry Key Buyers Chapter
Industry concentration is at a low level, with no single firm dominating the industry and with a large number of small operators servicing hazardous waste hauling clients. IBISWorld estimates that the four largest firms within the industry will account for 25.4% of industry revenue in 2015-16. The eight largest firms are expected to make up less than 34.0% of industry revenue for the year. Industry concentration has increased in the past five years, as most of the largest players have increased their market share through organic growth and acquisitions.
The industry concentration level is expected to continue to increase in the next five years as the larger companies look to increase market share and acquire smaller companies... purchase to read more