Technavio Reports the Rise in Pallet Rental Will Accelerate the Pallet Market in China Through 2019
August 20, 2015 | By Business Wire News
LONDON
Technavio has published a new report on the pallet market in China,which is expected to grow at a CAGR of almost 11% from 2015-2019.
About the Report
As per the latest report by Technavio, with a steady rise in disposable income, the retail sector in China is growing significantly. Consequently, with the expansion of retailers, sales and delivery of products will increase, thus driving palletization.
“Multinational retailers entering and expanding in the Chinese market will bring with them knowledge and experience about logistics, particularly transporting goods on pallets, which will promote market growth in the forecast period,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the pallet market in China, which has gone through a structural change from the one-time purchase model to the recycling and rental model.
“Pallet manufacturers will have to shift from a manufacturing approach to building networks, depots, and infrastructure to adopt the pooling model since there is a high demand for pooling pallets from major retailers, manufacturers, and logistics service providers,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the pallet market in China from 2015-2019. To calculate the market size, the report considers revenue generated through the sales of pallets in China.
Key Information Covered in the Report:
- Key Vendors:
- CHEP (China) Co.
- China Merchants LOSCAM
- LogisALL Shanghai Co. Ltd.
- Schoeller Allibert Services BV
- Shanghai Lika Plastic Pallet Manufacturing Co. Ltd.
- Market Growth Drivers:
- Increase in Economic Activity
- For a full detailed list, view our report.
- Market Challenges:
- Pallet Standardization Issue
- For a full detailed list, view our report.
- Market Trends:
- Rise in Pallet Rental and Pooling Operations
- For a full detailed list, view our report.
Technaviocurrently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the pallet market:
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150820005349/en/
Technavio Research
Jesse Maida
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UK: +44-208-123-1770
Media & Marketing Executive
www.technavio.com
media@technavio.com
