Overview

Stacking up: Renewed manufacturing activity will boost revenue despite increased competition

The Wood Pallets & Skids Production market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$10bn
Annual Growth
12-17
6.4%
Annual Growth
17-22
Profit
Employment
54,861
Business
2,678

Industry Threats & Opportunities

  • Industrial production and consumer spending are expected to continue rising, fueling industry growth
  • Demand will grow over the next five years
  • Competition from substitute materials is expected to continue increasing in some of the industry's largest markets

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    Industry Analysis & Industry Trends

    Due to steady growth in US consumer spending, demand for pallets has increased over the past five years. Nevertheless, the industry has faced increased competition from substitute materials, such as plastic, metal and paper. Although wood still dominates the pallet market due to its lower cost, competition from substitutes has intensified primarily due to sanitation issues. Over the five years to 2022, industrial production and consumer spending are expected to continue rising, fueling revenue growth. Although external competition will continue to rise, operators will focus on pallet recovery, which entails manufacturing pallets using wood recycled from used pallets...

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    Industry Report - Starting a New Business Chapter

    The Wood Pallets and Skids Production industry has low barriers to entry. There is low market share concentration in the industry, so major players exert little influence on the market. There is, however, a high degree of competition within the industry, which is a slight barrier to entry, given that manufacturers must compete with existing companies that already have contracts with key customers.

    Access to labor is another potential barrier to entry for new companies. Although the majority of positions in the industry are low-skill, skilled labor is becoming more important as operators work with new technology, such as laser scanning systems that detect imperfections in recovered pallets and computer design systems that test pallet load-bearing capabilities. The..

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    Additional Insights for the Wood Pallets & Skids Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wood Pallets & Skids Production Industry are

  • Optimum capacity utilization
  • Having contacts within key markets
  • Having a cost effective distribution system
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Demand from wholesale trade in the Wood Pallets & Skids Production industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Wood Pallets & Skids Production Industry?

    Companies in the Wood Pallets and Skids Production industry manufacture wood pallets, wood box shook, wood boxes, wood skids, other wood containers and wood parts for pallets and containers. Companies purchase hardwood and softwood lumber from sawmills to manufacture this industry’s wood products. These products are then sold to a host of downstream industries that use the pallets and containers to store and transport consumer and industrial goods.

    Industry Products
    Nailed and lock-corner wood boxes and shook
    Recovered wood pallets
    New wood pallets
    Other wood containers and parts
    Industry Activities
    Producing wood containers and boxes
    Producing wood pallets
    Producing wood box shook
    Producing wood skids
    Producing wood parts for pallets and containers

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Demand from wholesale trade
  • External competition for the Wood Pallets and Skids Production industry
  • Price of sawmill lumber
  • Trade-weighted index

  • Current Performance
  • Supply and demand
  • Wood pallet alternatives
  • Profit and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand and competition
  • Industry landscape
  • New innovations
  • Table: Wood Pallets & Skids Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wood Pallets & Skids Production Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Vegetable Farming
  • Fruit & Nut Farming
  • Soda Production
  • Bottled Water Production
  • Tractors & Agricultural Machinery Manufacturing
  • Automobile Engine & Parts Manufacturing
  • Aircraft, Engine & Parts Manufacturing
  • Fruit & Vegetable Wholesaling
  • Supermarkets & Grocery Stores
  • Fruit & Vegetable Markets

  • Key Selling Industries
  • Chemical Wholesaling
  • Organic Chemical Manufacturing
  • Sawmills & Wood Production

  • Products & Services
  • Nailed and lock-corner wood boxes and shook
  • Other wood containers and parts
  • Recovered wood pallets
  • New wood pallets
  • Chart: Wood Pallets & Skids Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Food and beverage sector
  • Chemical and pharmaceutical sectors
  • Agricultural goods wholesalers
  • Metal and machinery manufacturers and wholesalers
  • Other wholesalers
  • Other manufacturers
  • Construction sector
  • Exports
  • Chart: Major Market Segmentation for the Wood Pallets & Skids Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Wood Pallets & Skids Production

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wood Pallets & Skids Production Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Wood Pallets & Skids Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Wood Pallets & Skids Production Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Industrial Production Index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Dimension Stock
  • Lumber and worked wood products cut or shaped to specialized sizes; also called cut stock.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Shook
  • The various wood panels and parts that are required to produce wood boxes.
  • Skids
  • A pallet without a bottom deck that is often used for transporting goods or as a base for machinery.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wood Pallets & Skids Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wood Pallets & Skids Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wood Pallets & Skids Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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