The important sector of waste management is in charge of gathering, moving, and getting rid of waste. It is essential for maintaining environmental and public health protection. The market is extremely competitive, and many competitors are competing for a bigger piece of the action. Two of the biggest companies among these participants are Republic and Waste Management. We shall examine Republic’s main rival and Waste Management’s market share in more detail in this post.
With operations in both the US and Canada, Waste Management is the biggest waste management company in North America. The business offers a wide variety of trash management services, such as waste collection, transportation, and disposal. Waste Management provides services to residential, commercial, and industrial customers through a broad network of landfills, transfer stations, and recycling facilities.
Industry statistics claim that Waste Management holds a market share of about 27% in the US. In 2020, the business made $15.5 billion in revenue and $1.7 billion in profit. Due to its extensive network of facilities, technical developments, and tactical acquisitions, Waste Management currently holds the market’s top position. Another significant company in the trash management sector is Republic Services. Waste management-like services, such as waste collection, disposal, and recycling, are offered by the company. Republic has a substantial presence in Canada and operates in 40 US states as well as Puerto Rico. In 2020, the business made $10.2 billion in revenue and $1.2 billion in profit.
Republic is its main rival even though Waste Management is the biggest waste management company. Smaller competitors find it challenging to compete in the market because the two corporations own a combined market share of more than 50%. With the recent acquisition of Santek Waste Services, which will expand its network of landfills by 11 new ones, Republic has been strategically growing its business.
With a market share of over 27%, Waste Management is the biggest waste management firm in North America. Although Republic Services is its main rival, the two businesses together account for more than 50% of the market. Due to their huge operations and extensive network of facilities, both businesses are challenging to compete with. However, by providing specialized services or operating in niche markets, smaller firms can still succeed.