Pallet & Skid Rental
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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook