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 Analysis Chapter
The Hazardous Waste Hauling industry has growth at a relatively strong rate in the past five years due to increasing demand and high pricing levels. The industry has benefited from government regulations and legislation that restrict industry establishment numbers and reduce pricing competition. These regulations are generally enforced by environmental protection agencies (EPAs).
Revenue and volumes
In the five years through 2014-15, industry revenue is estimated to increase at an annualised 3.8% to reach $1.1 billion. Hazardous waste volumes are estimated to increase at an annualised 1.7% to reach 3.8 million tonnes in 2014-15. Steady economic growth in Australia and higher output volumes from key client industries have driven this growth... purchase to read more