Industry Analysis & Industry Trends
The industry's growth slowed during the recession as downstream demand from the retail and manufacturing sectors declined. This factor contributed to a decline of industry revenue in 2008 and 2009 as freight volumes declined. However, freight volumes and total trade value have since increased, boosting demand for pallets and skids used in transportation and warehousing of goods. Furthermore, the industry has benefited from an increasing number of companies that use pallet rental programs rather than purchasing pallets.... purchase to read more
Industry Report - Industry Locations Chapter
Based on US Census data for the overarching parent industry of other commercial and industrial machinery and equipment rental and leasing, IBISWorld estimates that establishments in the Pallet and Skid Rental industry are most heavily concentrated in the Southeast, West and Southwest regions. These concentrations largely mirror population densities and, by extension, hubs of commercial activity.
Wood container and pallet manufacturers are most heavily concentrated in the Southeast, and this geographical reality makes it cost efficient for rental firms to locate near the source of their various wares. The region has the highest share of the nation's population, with almost one-quarter of the total... purchase to read more