Pallet Use: Specialty Retail
This report aims to estimate the number of shipping pallets used in the specialty retail industry. The specialty retail industry encompasses apparel retail, computer and electronics retail, home improvement retail, specialty stores, automotive retail, home furnishing retail, and fuel retail. Within the industry, pallets are a necessary tool for packing and shipping. However, the lack of available data meant there was no pre-compiled information on the number of shipping pallets used in the specialty retail industry, nor was there enough information available for us to make an estimate via triangulation. Our search for data is outlined in detail below.
In order to make an estimate, we first began looking for market reports on the specialty retail industry. All the market reports for apparel retail, computer and electronics retail, home improvement retail, specialty stores, automotive retail, home furnishing retail, and fuel retail were available only as paid sources. We checked www.ibisworld.com, www.lucintel.com, and csimarket.com, but there was no information on the use of shipping pallets by the specialty retail industry. There were no current or even old market reports available for free use, and there were no authenticated free source to identify the size of specialty retail or the percentage of specialty retail within the total retail industry. This meant we could not find any reliable information on market size, percentage of share of each sector, etc. There was also no information available on the use of shipping pallets. We also searched within each specific sector to find statistics on the sector-wide use of shipping pallets, but also could not find any reliable information.
Next, since there was no pre-compiled data available, we attempted to estimate the number of shipping pallets used in the specialty retail industry through triangulation. First, we looked for the maximum percentage of share for each specific sector within the specialty retail industry. However, there was no available data on this. Instead, we could only find information on the various types of retail industry. Next, we checked statistica.com for statistical data on pallet usage, but again we found nothing. Finally, we looked at each pallet manufacturing company's website to try to understand which industry demands the maximum number of pallets via the website's client section. This information could have been used to estimate the share of specialty retail. However, no relevant information was available.
After being unable to find information on the use of pallets within the specialty retail industry, we looked for information on the size of the pallets used within the specialty retail industry. That information was available for the retail industry (48″x20″), but not for the specialty retail industry specifically. That size is in comparison to the standard pallet sizes of 48" X 40" or 42" X 42" or 48" X 48".
We also were able to find information on the specialty retail industry as a whole. The retail industry is a section of the economy compromised of both brick-and-mortar and non-store retailers engaged in the selling of finished products to end user consumers. The specialty retail industry specifically has an annual revenue of $40bn, with an annual growth of 0.2%. We also found that within the retail and beverage industries, there has been an increase in demand for plastic, rather than wooden, pallets. Plastic pallets offer benefits such as added cleanliness and sanitation, enhanced durability, and reduced product damage.
In conclusion, we were unable to estimate the number of shipping pallets used in the specialty retail industry due to a lack of available information. This information was not available pre-compiled, and there were no free market reports or authenticated sources available that would have allowed us to triangulate the estimate.