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 Investment Chapter
Capital intensity within the industry is at a moderate level due to the high labour inputs and moderate capital requirements. Due to high labour requirements for staff to remove and transport hazardous waste, industry wage levels are high for the industry. In addition, capital inputs are required for the purchase of trucks, vehicles, pumps and other plant and equipment.
To calculate the capital intensity level, IBISWorld uses data from the industry cost structure. Depreciation is used as a proxy for capital, with wages used as a proxy for labour. In 2014-15, depreciation is estimated to account for 7.0% of industry revenue. Wages are expected to make up for 33.5% of industry revenue for the year... purchase to read more