Dumpster Rental in the US industry analysis
The Dumpster Rental industry has demonstrated robust performance in recent years, bolstered by growth in the value of residential construction, a hike in consumer spending and an overall boost in corporate profit. However, challenges have surfaced in the form of rising inflation and interest rates, which have led to a drop in overall construction expenditure. Consequently, residential and nonresidential sectors have experienced substantial pressure, resulting in a shift in demand for dumpster rental services. Nonetheless, industry-wide revenue has been increasing at a CAGR of 0.5% over the past five years, including an estimated 3.6% decrease in the current year, and is expected to total $537.7 million in 2023. In the same year, profit is projected to decrease to 11.9%.
Elevated inflation and interest rates have reduced construction spending, affecting residential and nonresidential sectors and significantly hindering demand for dumpster rental services.
Dumpster rentals for nonhazardous waste align with economic growth, offering disposal solutions for various projects.
Rental fees depend on size, duration and collection services. The hazardous waste segment remains smaller and more regulated. The Dumpster Rental industry’s establishment distribution mirrors the US population and economy, with the Southeast and Mid-Atlantic regions having the largest share of establishments.
The quality of service offered is a crucial competitive factor in the Dumpster Rental industry.
Clients who seek dumpster rentals depend on the industry to ensure punctual delivery and collection services.
Dumpster Rental in the US market size (2024-2029)
Industry revenue has grown at a CAGR of 0.5% over the past five years, to reach an estimated $537.7m in 2023.
TRENDS AND INSIGHTS
Industry revenue generally aligns with overall economic growth
- High-interest rates and inflation have diminished corporate profitability, consumer spending and construction values, adversely affecting economic performance and decreasing demand for dumpster rental businesses.
Dumpster rental firms increasingly adopt energy-efficient vehicles
- Natural gas-powered trucks dominate the industry, while electric hybrid vehicles, though less popular, continue to undergo technological development for widespread adoption.
Market share concentration of the Dumpster Rental industry in the US
Market share concentration for the Dumpster Rental industry in the US is, which means the top four companies generate of industry revenue.
The average concentration in thesector in the United States is .