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 Analysis Chapter
In the five years to 2014, IBISWorld estimates that revenue for the Pallet and Skid Rental industry will increase at an average rate of 1.6% per year to $3.0 billion. Over that period, the industry has benefitted from an increasing number of businesses opting to rent third-party pallets rather than maintain their own. The industry has also benefited from the requirements of some clients and state regulations, which have forced the use of certain types of pallets. Rather than invest capital in the purchase of new pallets, many companies have turned to operators in the Pallet and Skid Rental industry.
Demand for this industry's services is largely driven by freight volume, which is driven by total trade value and the performance of the retail and manufacturing sectors... purchase to read more