Overview

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

The Pallet & Skid Rental industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth
11-16
5.1%
Annual Growth
16-21
Profit
Employment
10,860
Business
2,096

Industry Threats & Opportunities

  • Rebounding manufacturing and retail activity has spurred demand for pallet rentals
  • Many operators consolidated services and scaled down other operations
  • Consumer spending is forecast to rise steadily, sustaining demand for pallets

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    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...

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    Industry Report - Industry Products Chapter

    Pallets offer the opportunity for the efficient transportation of items on a large scale. Skids and pallets have partially hollow interiors that allow forklifts and other materials handling equipment to lift loads from one area to another; most pallets are wooden but some are also plastic.

    Wooden pallets and skids

    Wooden options are known in the industry as “white wood” pallets, and generate the majority of industry revenue. Rental companies often paint their white wood pallets and skids to differentiate them from competitors. For example, CHEP paints its wooden pallets blue, while PECO uses red. The major companies in this industry primarily offer wooden pallets, while relative newcomer iGPS offers plastic options.
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    Additional Insights for the Pallet & Skid Rental Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pallet & Skid Rental Industry are

  • Allocation of products to areas of greatest need
  • Effective quality control
  • Fast adjustments to changing regulations
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Consumer spending in the Pallet & Skid Rental industry impact industry performance..

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    Industry Products

    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 rental
    GMA wood pallet rental
    Plastic pallet rental
    Industry Activities
    Wooden pallet rental
    Plastic pallet rental

    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
  • Consumer spending
  • Total trade value
  • Price of sawmill lumber

  • Current Performance
  • Industry structure
  • Technology and trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry trends
  • Profit and industry structure
  • Table: Pallet & Skid Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pallet & Skid Rental Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Manufacturing
  • Retail Trade
  • Transportation and Warehousing

  • Key Selling Industries
  • Freight Packing & Logistics Services
  • Wood Pallets & Skids Production

  • Products & Services
  • Other wood pallet rental
  • GMA wood pallet rental
  • Plastic pallet rental
  • Chart: Pallet & Skid Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing
  • Retail
  • Transportation and warehousing
  • Chart: Major Market Segmentation for the Pallet & Skid Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitDepreciationWagesPurchasesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Pallet & Skid Rental

  • Basis of Competition
    PriceProduct quality and diversityCustomer service
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pallet & Skid Rental Industry

  • Industry Globalization
    Major Companies
    Brambles Limited
  • Table: Brambles Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Pallet & Skid Rental 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 Pallet & Skid Rental Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Industrial production index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Pallet
  • A flat transport structure that supports goods in a stable fashion while being lifted by materials handling equipment, such as a forklift.
  • 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.
  • Skid
  • 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
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    This report on Pallet & Skid Rental:
    • 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 Pallet & Skid Rental 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 Pallet & Skid Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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