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Pallet & Skid Rental in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Pallet & Skid Rental Market Research Report | Advisory & Financial Services | Specialist Leasing | May 2016

Free span: Positive conditions in downstream markets will foster industry revenue growth

IBISWorld’s Pallet & Skid Rental market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Brambles Brambles market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
5.1%
Annual Growth 16-21
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Profit
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Employment
10,860
Businesses
1,233
Industry Analysis & Industry Trends

Over the five years to 2016, the industry benefited from an increasing number of businesses opting to rent third-party pallets rather than maintain their own. The industry also benefited from the requirements of some clients and state regulations, which force the use of certain types of pallets. Moving forward, positive conditions in downstream markets will support industry growth over the next five years. Over that period, pallet rental companies will benefit from a fully recovered economy and its effect on freight volumes. Consumer spending is also forecast to rise steadily, sustaining demand for pallets by grocers and other retailers. Meanwhile, consolidation and efficient pooling and tracking methods are expected to help operators sustain double-digit profit margins.... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entering the Pallet and Skid Rental industry vary depending on the scale and scope of an aspiring player's operations. On one hand, the industry has relatively low barriers to entry if an operator is trying to compete on a local level or specialize within one product segment. The market is moderately fragmented with little concentration of ownership, and firms are not required to have any licenses or certifications to operate. On the other hand, new entrants will be faced with a number of challenges, including accessing capital for new equipment purchases and sustaining the purchasing power necessary to maintain and operate a fleet. Further, firms wishing to compete on a national or international level will have to compete directly with the industry's largest players... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Pallet & Skid Rental Industry?

This industry rents pallets to downstream markets for the storage and transport of goods. Following use, pallets and skids are returned to industry operators for cleaning and repairs. Services are included toward this industry’s total revenue. Although pallets and skids differ slightly in their construction and purposes, the words are mainly interchangeable.

Industry Products
Other wood pallet rentalGMA wood pallet rentalPlastic pallet rental
 
Industry Activities
Wooden pallet rentalPlastic pallet rental


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