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 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 2015-16, depreciation is estimated to account for 7.0% of industry revenue, with wages expected to make up for 33.4%... purchase to read more