Industry Analysis & Industry Trends
Demand for hazardous waste hauling services continues to be high, with a wide range of downstream industries producing waste that requires collection and transportation by specialist firms. Industry growth has increased at a steady rate as hazardous waste volumes from the manufacturing, medical, construction, hospitality and other sectors generally increased as economic conditions remained relatively sound. IBISWorld estimates hazardous waste volumes will increase at an annualised rate of 1.9% over the five years through 2013-14. Higher volumes combined with strong pricing levels contributed to stronger industry revenue growth over these years.
Government regulations requiring only licensed companies to haul hazardous waste benefits 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 27.2% of industry revenue in 2013-14. The eight largest firms are expected to make up 37.3% 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