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 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, which is generally enforced by Environmental Protection Agencies (EPAs) in each state and territory, that limits restricts industry establishment numbers and reduces pricing competition.
Higher revenue and volumes
In the five years through 2013-14, industry revenue is estimated to increase at an annualised rate of 3.8% to reach $1.0 billion. Over the same period, hazardous waste volumes that require hauling services are estimated to increase at an annualised 1.9% to reach 3.7 million tonnes... purchase to read more