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

Over the five years to 2017, expanding manufacturing and retail activity has spurred demand for a wide variety of freight transportation support services, such as pallet and skid rental. Ultimately, industry revenue is estimated to increase over the five years to 2017. Moving forward, industry revenue expansion will continue to be bolstered by substantial growth in the total value of US trade activity, as well as continued improvements in the levels of domestic consumer spending and retail activity. Overall, industry revenue is forecast to grow over the five years to 2022, albeit at a slower pace compared with the previous five-year period...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
6.3%
Forecast Growth 17-22
Profit
Employment
13,144
Businesses
1,255
Market Share of Companies

Industry Threats & Opportunities

  • US trade activity expansion will continue to bolster substantial industry growth
  • Many operators consolidated services and scaled down other operations
  • Consumer spending is forecast to rise steadily, sustaining demand for pallets
  • Industry Report - Industry SWOT Analysis Chapter

    The Pallet and Skid Rental industry is in the mature stage of its economic life cycle. Over the 10 years to 2022, the industry's value added (IVA), which measures an industry's contribution to the overall economy, is projected to increase at an annualized rate of 5.0%. Comparatively, US GDP is forecast to grow at an annualized rate of just 2.1% during the same period. While the contrast between these two growth rates usually indicates that an industry is in the growth phase of its life cycle, wholehearted acceptance of the industry's services and the industry's modest rate of technological innovation reinforce the industry's mature status...purchase to read more.

    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 Consumer spending and Freight transportation services index in the Pallet & Skid Rental industry impact industry performance..

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    What's in this report

    What is the Pallet & Skid Rental Industry?

    This industry comprises establishments that primarily rent pallets and skids to downstream markets for the storage and transport of goods. Following use, pallets and skids are returned to industry operators for cleaning and repairs. Though pallets and skids differ slightly in their construction and purposes, the terms are largely interchangeable.

    Industry Products
  • GMA wooden pallet and skid rentals
  • Non-GMA wooden pallet and skid rentals
  • Other pallet and skid rentals
  • Industry Activities
  • Wooden pallet rental
  • Plastic pallet rental
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Freight transportation services index
  • Total trade value
  • commerce sales
  • Industrial production index

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

  • Industry Outlook
  • Strong demand 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

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

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

  • Products & Services
  • Non-GMA wooden pallet and skid rentals
  • GMA wooden pallet and skid rentals
  • Other pallet and skid rentals
  • Chart: Pallet & Skid Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers and wholesalers
  • Manufacturers
  • Individual consumers
  • Governments
  • Transportation and warehousing companies
  • Chart: Major Market Segmentation for the Pallet & Skid Rental Industry

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

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pallet & Skid Rental Industry

  • Industry Globalization
    Brambles Limited,
  • Table: Brambles Limited - financial performance

  • 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
    Table: Industry Data for the Pallet & Skid Rental Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Consumer spending (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Pallet & Skid Rental is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 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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