Wood Pallets & Skids Production in the US - Market Research Report (2014-2029)

Pallet cleanser: Rising industrial production will boost revenue growth

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.

The Wood Pallets and Skids Production industry manufactures transportation and storage structures that are used to move various consumer and industrial products. Rising consumer spending and growing industrial activity has encouraged an increase in purchases of pallets and skids to store and transport intermediate and final goods. Revenue growth was strong prior to the COVID-19 pandemic when a shortage of used pallets drove up the prices of newly manufactured pallets. Demand for industry goods suffered as consumer spending, consumer confidence and industrial production fell dramatically amid the COVID-19 pandemic in 2020, before seeing a rapid rebound in 2021 and 2022. Overall, industry revenue rose at a CAGR of 1.9% to $13.4 billion over the past five years, including a decrease of 4.3% in 2023 alone as lumber prices have begun to fall while unemployment has rose.

Companies in the Wood Pallets and Skids Production industry manufacture wood pallets, wood box shook, wood boxes, wood skids, other wood containers and wood parts for pallets and containers. Companies purchase hardwood and softwood lumber from sawmills to manufacture this industry’s wood products. These products are then sold to a host of downstream industries that use the pallets and containers to store and transport consumer and industrial goods.