Wood Pallets & Skids Production in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: July 2024
NAICS 32192Revenue
$15.2bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
56,736
Businesses
2,304
Wages
$X.Xbn
Wood Pallets & Skids Production in the US industry analysis
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 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 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 pandemic in 2020, before seeing a rapid rebound in 2021. In addition, manufacturers have been able to pass down the rising price of sawmill lumber, pushing industry revenue higher. Overall, industry revenue rose at a CAGR of 4.0% to $15.2 billion over the past five years, including a decrease of 0.7% in 2024.
Trends and Insights
- The market for wooden pallets is typically stable. The market is stable due to many different industries using pallets in their supply chains.
- New and reclaimed wooden pallets are the leading products for the industry. As wood prices have remained elevated, revenue has risen.
- Pallet manufacturers have a similar spread to the population. This is because proximity to customers is a key avenue to keeping prices down.
- The industry is highly fragmented. This is because better located manufacturers can charge lower prices, leading to a larger number of smaller players.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 4.0 % over the past five years, to reach an estimated $15.2bn in 2024.
Trends and Insights
Pallets have a broad and normally steady market
- Wooden pallets, which account for the lion's share of this industry, are a key component in the transportation of a wide variety of goods, which normally lends stability to the industry.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Industrial production and consumer spending are set to grow
- As both industrial production and consumer spending grow in the coming years, the wooden pallet and skid manufacturing industry will see revenue continue to gain.
Biggest companies in the Wood Pallets & Skids Production in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Ufp Industries, inc. | 1,953.9 | 106.0 | 5.4 | |
Fca, Llc | 61.7 | 2.8 | 4.5 | |
Calzone Ltd | 6.0 | 0.3 | 4.5 |
To view the market share and analysis for all 12 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Nailed and lock-corner wood boxes and shook, Recovered wood pallets and New wood pallets. Nailed and lock-corner wood boxes and shook is the largest segment of the Wood Pallets & Skids Production in the US.
Trends and Insights
New wood pallets have grown as a share of revenue as wood costs jump
- This segment includes newly manufactured wood pallets, the industry's largest product segment. Wood pallets feature a simple design and are typically composed of nearly a dozen pieces of wood nailed into a platform capable of supporting heavy loads of inventory through shipping and storage. Pallets perform a vital role in the supply chains of many downstream industries by making shipments easier to load and unload using a pallet jack or forklift.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Sawmills & Wood Production in the US
- Wood Paneling Manufacturing in the US
- Millwork in the US
- Wood Product Manufacturing in the US
International industries
- Pallets and Other Wood Product Manufacturing in Australia
- Fabricated Wood Manufacturing in New Zealand
- Wooden Container Manufacturing in the UK
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Producing wood containers and boxes Producing wood palletsProducing wood box shook Producing wood skids Producing wood parts for pallets and containersCompanies
Ufp Industries, inc.Fca, LlcCalzone LtdPurchase this report to view all 12 major companies in this industry.
Related Terms
DIMENSION STOCKSHOOKSKIDSRADIO-FREQUENCY IDENTIFICATION (RFID)Industry Code
NAICS 32192 - Wood Pallets & Skids Production in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The market for wooden pallets is typically stable. The market is stable due to many different industries using pallets in their supply chains.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
New and reclaimed wooden pallets are the leading products for the industry. As wood prices have remained elevated, revenue has risen.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Pallet manufacturers have a similar spread to the population. This is because proximity to customers is a key avenue to keeping prices down.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry is highly fragmented. This is because better located manufacturers can charge lower prices, leading to a larger number of smaller players.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Ufp Industries is the leading manufacturer in the industry. The company is the only one accounting for more than 10.0% of industry revenue.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Ufp Industries, inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Fca, Llc's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Calzone Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 9 additional companies
Detailed analysis
- Description and key data for Ufp Industries, inc., and factors influencing its performance in the industry
- Description and key data for Fca, Llc, and factors influencing its performance in the industry
- Description and key data for Calzone Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for 9 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The pandemic increased volatility. A pause in broad economic activity led to a decline in 2020, while elevated lumber prices have increased industry revenue since.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit has shrunk despite rising input costs. Manufacturers have attempted to pass down elevated input prices to customers.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Wood Pallets & Skids Production in the US industry in United States in 2024?
The market size of the Wood Pallets & Skids Production in the US industry in United States is $15.2bn in 2024.
How many businesses are there in the Wood Pallets & Skids Production in the US industry in 2024?
There are 2,304 businesses in the Wood Pallets & Skids Production in the US industry in United States, which has grown at a CAGR of 0.1 % between 2019 and 2024.
Has the Wood Pallets & Skids Production in the US industry in United States grown or declined over the past 5 years?
The market size of the Wood Pallets & Skids Production in the US industry in United States has been growing at a CAGR of 4.0 % between 2019 and 2024.
What is the forecast growth of the Wood Pallets & Skids Production in the US industry in United States over the next 5 years?
Over the next five years, the Wood Pallets & Skids Production in the US industry in United States is expected to grow.
What are the biggest companies in the Wood Pallets & Skids Production in the US market in United States?
The biggest companies operating in the Wood Pallets & Skids Production market in United States are Ufp Industries, inc., Fca, Llc and Calzone Ltd
What does the Wood Pallets & Skids Production in the US in United States include?
Producing wood containers and boxes and Producing wood pallets are part of the Wood Pallets & Skids Production in the US industry.
Which companies have the highest market share in the Wood Pallets & Skids Production in the US in United States?
The company holding the most market share in United States is Ufp Industries, inc..
How competitive is the Wood Pallets & Skids Production in the US industry in United States?
The level of competition is high and steady in the Wood Pallets & Skids Production in the US industry in United States.
