The Saudi Arabia Pallets market grew at a moderate pace during the period 2017-2020 as a result of improvement in the Saudi economy supported by the growth in both, oil and non-oil sector. However, the ongoing pandemic COVID-19 slowed down the growth of the market during the year 2020 as a result of the decline in demand during the lockdown period across the country. Despite the slowdown in the market during the lockdown period, the pallets market began to recover in the latter part of the year on the back of reopening of commercial activities and thus, rising industrial and commercial demand for pallets. The market revenues are anticipated to witness substantial growth in the coming years, on account of strong growth in the construction, manufacturing, retail and industrial sectors in line with the Saudi Vision 2030, which would augment the demand for pallets, as the pallet helps to cut down the clutter while storing the intermediate goods or the finished products in a warehouse. Moreover, the continued positive performance of the non-oil sector such as manufacturing and food & beverage industry, along with the continued government efforts to boost domestic production and rising food exports from the country, would further enhance the pallets market revenues in Saudi Arabia during the forecast period.The Saudi Arabia Pallets Market Size is Projected to Grow at a CAGR of 5.3% During 2021-27
Based on material type, wood pallets accounted for the majority of the revenue share in 2020 and would continue to maintain their dominance during the forecast period on account of their superiority in terms of capacity to hold more weight. Furthermore, low cost, easy repair and reuse are some of the advantages of wood pallets, thus making them more preferable over the other form of pallets.
The Saudi Arabia pallets market report thoroughly covers the market by material type, end-user and regions. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
- Saudi Arabia Pallets Market Overview
- Saudi Arabia Pallets Market Outlook
- Saudi Arabia Pallets Market Forecast
- Historical Data and Forecast of Saudi Arabia Pallets Market Revenues for the Period 2017-2027.
- Historical Market Data and Forecast of Revenues, by Material Type for the Period 2017-2027.
- Historical Market Data and Forecast of Revenues, by End User for the Period 2017-2027.
- Historical Market Data and Forecasts of Revenues, by Regions, for the Period 2017-2027.
- Market Drivers and Restraints
- Saudi Arabia Pallets Market Trends
- Industry Life Cycle
- Porter's Five Force Analysis
- Market Opportunity Assessment
- Saudi Arabia Pallets Market Share, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The report provides a detailed analysis of the following market segments:
By Material Type
- Wood Pallets
- Plastic Pallets
- Metal Pallets
- Corrugated Pallets
By End-User
- Food & Beverages
- Pharmaceuticals & Chemical
- Oil & Gas
- Construction
- Retail
- Transportation & Warehousing
- Electronics & Consumer Appliances
- Others
By Regions
- Central
- Eastern
- Western
- Southern
Table of Contents
1. Executive Summary
2. Introduction
2.1. Report Description
2.2. Key Highlights of the Report
2.3. Market Scope & Segmentation
2.4. Methodology Adopted & Key Data Points
2.5. Assumptions
3. Saudi Arabia Pallets Market Overview
3.1. Saudi Arabia Pallets Market Revenues, 2017-2027F
3.2. Saudi Arabia Pallets Market-Industry Life Cycle
3.3. Saudi Arabia Pallets Market-Porter's Five Forces
3.4. Saudi Arabia Pallets Market Ecosystem
4. Impact of Covid-19 on Saudi Arabia Pallets Market
5. Saudi Arabia Pallets Market Dynamics
5.1. Impact Analysis
5.2. Market Drivers
5.3. Market Restraints
6. Saudi Arabia Pallets Market Trends
7. Saudi Arabia Pallets Market Overview, By Material Type
7.1. Saudi Arabia Pallets Market Revenue Share, By Material Type, 2020 & 2027F
7.2. Saudi Arabia Pallets Market Revenues, By Material Type, 2017-2027F
7.2.1. Saudi Arabia Wood Pallets Market Revenues, 2017-2027F
7.2.2. Saudi Arabia Plastic Pallets Market Revenues, 2017-2027F
7.2.3. Saudi Arabia Corrugated Pallets Market Revenues, 2017-2027F
7.2.4. Saudi Arabia Metal Pallets Market Revenues, 2017-2027F
8. Saudi Arabia Pallets Market Overview, By End Users
8.1. Saudi Arabia Pallets Market Revenue Share, By End Users, 2020 & 2027F
8.2. Saudi Arabia Pallets Market Revenues, By End Users, 2017-2027F
8.2.1. Saudi Arabia Food & Beverage Pallets Market Revenues, 2017-2027F
8.2.2. Saudi Arabia Transportation & Warehousing Pallets Market Revenues, 2017-2027F
8.2.3. Saudi Arabia Retail Pallets Market Revenues, 2017-2027F
8.2.4. Saudi Arabia Pharmaceuticals & Chemical Pallets Market Revenues, 2017-2027F
8.2.5. Saudi Arabia Construction Pallets Market Revenues, 2017-2027F
8.2.6. Saudi Arabia Oil & Gas Pallets Market Revenues, 2017-2027F
8.2.7. Saudi Arabia Others Pallets Market Revenues, 2017-2027F
9. Saudi Arabia Pallets Market Overview, By Region
9.1. Saudi Arabia Pallets Market Revenue Share, By Region, 2020 & 2027F
9.2. Saudi Arabia Pallets Market Revenues, By Region, 2017-2027F
9.2.1. Saudi Arabia Pallets Market Revenues, By Central Region, 2017-2027F
9.2.2. Saudi Arabia Pallets Market Revenues, By Eastern Region, 2017-2027F
9.2.3. Saudi Arabia Pallets Market Revenues, By Western Region, 2017-2027F
9.2.4. Saudi Arabia Pallets Market Revenues, By Southern Region, 2017-2027F
10. Saudi Arabia Pallets Market Key Performance Indicators
11. Saudi Arabia Pallets Market Opportunity Assessment
11.1. Saudi Arabia Pallets Market Opportunity Assessment, By Material Type, 2027F
11.2. Saudi Arabia Pallets Market Opportunity Assessment, By End Users, 2027F
11.3. Saudi Arabia Pallets Market Opportunity Assessment, By Region, 2027F
12. Saudi Arabia Pallets Market Competitive Landscape
12.1. Saudi Arabia Pallets Market Revenue Share, By Company, 2020
12.2. Saudi Arabia Pallets Market Competitive Benchmarking
12.2.1. Saudi Arabia Pallets Market Competitive Benchmarking, By Material Type
12.2.2. Saudi Arabia Pallets Market Competitive Benchmarking, By Operating Parameters
13. Company Profiles
13.1. Paxxal Incorporation
13.2. Commonwealth Handling Equipment Pool (CHEP)
13.3. Al-rashed Wood Products Factory
13.4. Bawan Wood Industries Co.
13.5. RePall
13.6. Dhana Alola Pallet Factory
13.7. PalletBiz
13.8. Al Moajil Holding
13.9. KraftPal Technologies
14. Key Strategic Recommendations
15. Disclaimer
List of Figures
1. Saudi Arabia Pallets Market Revenues, 2017-2027F ($ Million)
2. Saudi Arabia economic performance as per Real GDP Growth
3. Saudi Arabia E-Commerce Market Revenues, 2015-2020 ($ Million)
4. Value of Awarded Contract by Sector during Q3 2020 in Saudi Arabia
5. Saudi Arabia Pallets Market Revenue Share, By Material Type, 2020 & 2027F
6. Saudi Arabia Pallets Market Revenue Share, By End Users, 2020 & 2027F
7. Saudi Arabia Pallets Market Revenue Share, By Region, 2020 & 2027F
8. Saudi Arabia E-commerce Market Revenues, 2018-2024F ($ Million)
9. Saudi Arabia E-commerce Market Revenues, 2018-2021F ($ Million)
10. Saudi Arabia Pallets Market Opportunity Assessment, By Material Type, 2027F
11. Saudi Arabia Pallets Market Opportunity Assessment, By End Users, 2027F
12. Saudi Arabia Pallets Market Opportunity Assessment, By Region, 2027F
13. Saudi Arabia Pallets Market Revenue Share, By Company, 2020
List of Table
1. Annual and Monthly Change in Industrial Production Index (IPI) by Activity, November 2020
2. Saudi Arabia Import and Export Statistics, 2019-2020 Nov (Million Riyalls)
3. Saudi Arabia Pallets Market Revenues, By Material Type, 2017-2027F ($ Million)
4. Saudi Arabia Pallets Market Revenues, By End Users, 2017-2027F ($ Million)
5. Saudi Arabia Pallets Market Revenues, By Region, 2017-2027F ($ Million)
6. Saudi Arabia Upcoming Mega Projects
7. Saudi Arabia Upcoming Medical Complex Projects
8. Saudi Arabia Upcoming Transportation Projects
9. Saudi Arabia Upcoming Skyscraper Projects
Samples
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Companies Mentioned
- Al Moajil Holding
- Al-rashed Wood Products Factory
- Bawan Wood Industries Co.
- Commonwealth Handling Equipment Pool (CHEP)
- Dhana Alola Pallet Factory
- KraftPal Technologies
- PalletBiz
- Paxxal Incorporation
- RePall
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | April 2021 |
| Forecast Period | 2017 - 2027 |
| Estimated Market Value ( USD | $ 235.7 Million |
| Forecasted Market Value ( USD | $ 369.7 Million |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Saudi Arabia |
| No. of Companies Mentioned | 9 |
