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Pallet & Skid Rental: Market Research Report

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

Pallet & Skid Rental Market Research Report | NAICS OD5923 | 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
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
5.1%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
10,860
Businesses
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... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Pallet and Skid Rental industry exhibits moderate to high levels of concentration. In 2016, the top-four companies are expected to account for an estimated 45.7% of total industry revenue. Concentration has increased over the past five years, with the number of industry operators falling slightly over the period due to merger and acquisition activity. Notably, Brambles, the parent company of industry leader CHEP, acquired IFCO, a pallet management services company, in March 2011. Going forward, the number of operators is expected to rise marginally, as entrants attempt to capitalize on high demand for pallet rentals and attractive industry profit margins, but concentration is expected to remain medium to high.

.. ... 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 Industrial production index and Consumer spending in the Pallet & Skid Rental industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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


    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
  • Chart: Cost Structure Benchmarking – Sector vs Pallet & Skid Rental
  • Basis of Competition
    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
    • 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 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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