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 SWOT Analysis Chapter
The industry is in the growth phase of its life cycle due to the strong revenue and value added growth rates over the past five years. Further, the industry's contribution to Australia's GDP, measured by industry value added, is projected to increase at an annualised 3.7% in the 10 years through 2018-19. This is higher than forecast GDP growth over the same period of 2.5%, indicating the industry is in a growth phase. The industry has also grown at a steady rate due to steady increases in establishment numbers and government regulations that limit industry numbers.
Hazardous waste volumes are estimated to have increased at a steady rate in the past five years, which has contributed to steady demand for industry services and revenue growth... purchase to read more