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 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 26.0% of industry revenue in 2014-15. The eight largest firms are expected to make up 33.3% of industry revenue this year. Industry concentration has remained steady in the past five years with the largest players maintaining market share levels through organic growth and acquisitions. This has also occurred as more firms entered the industry, resulting in some limited price competition and lower profit margins... purchase to read more