Pallet & Skid Rental in the US - Industry Market Research Report
Description
Pallet & Skid Rental in the US
Operators in the pallet and skid rental industry rent pallets and skids to manufacturers, retailers and other downstream market users. Pallets are flat transport structures that support the movement and lifting of goods and containers; skids are similar to pallets but have no bottom deck boards. Most pallets are wooden, though they can also be manufactured using plastic or recycled material. Over the past five years, expanding manufacturing and retail activity spurred demand for various freight transportation support services, like pallet and skid rental. But the pandemic slowed production in 2020 due to reduced spending and supply chain disruptions. Over the past five years, revenue has grown at a CAGR of 2.0% to $3.5 billion, including an expected jump of 1.8% in 2023. Profit is also expected to climb to 17.4% of revenue in 2023 from 15.3% in 2018.
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.
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.
Operators in the pallet and skid rental industry rent pallets and skids to manufacturers, retailers and other downstream market users. Pallets are flat transport structures that support the movement and lifting of goods and containers; skids are similar to pallets but have no bottom deck boards. Most pallets are wooden, though they can also be manufactured using plastic or recycled material. Over the past five years, expanding manufacturing and retail activity spurred demand for various freight transportation support services, like pallet and skid rental. But the pandemic slowed production in 2020 due to reduced spending and supply chain disruptions. Over the past five years, revenue has grown at a CAGR of 2.0% to $3.5 billion, including an expected jump of 1.8% in 2023. Profit is also expected to climb to 17.4% of revenue in 2023 from 15.3% in 2018.
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.
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.
Table of Contents
38 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
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Pricing
Currency Rates
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