Industry Analysis & Industry Trends
The Remediation and Environmental Cleanup Services industry has grown slowly over the past five years, as volatility in downstream industrial markets has been largely offset by stable government funding. Industrial activity has yet to rebound fully to prerecessionary levels, making government investment in contaminated site cleanups important to industry growth. However, in the next five years, constraints on government spending and further recovery in industrial activity will expand the private sector's share of industry revenue. During this period, industry operators are expected to reduce their dependence on labour through investments in technology, which will make the industry more profitable... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Remediation and Environmental Cleanup Services industry operates with a moderate level of market share concentration. The four largest companies are estimated to account for less than 50.0% of total industry revenue in 2015, with the remaining industry operators each representing a relatively small amount of the market. Indicative of the average player's small size, 96.8% of the industry's establishments are anticipated to employ less than 100 employees in 2015.
Environmental cleanup is regulated on a provincial level, making it costly for firms to operate across provincial borders. However, industry concentration has increased over the five-year period, primarily due to Clean Harbors' acquisition activity and Tetra Tech's focus on the Canadian market for growth... purchase to read more