Middle East and Africa Lumber Pallet Market, by Product Type (Stringer Lumber Pallets, Block Lumber Pallets, Double Face Pallets, Double Wing Pallets, and Others), Wood Type (Softwood and Hardwood), Size (800 x 1200 mm, 1000 x 1200 mm, 800 x 600 mm, 914 x 914 mm, 1118 x 1118 mm, 1200 x 1000 mm, and Others), Distribution Channel (Offline and Online), End-User (Food & Beverages, Pharmaceuticals, Chemicals, Retail, Automotive, and Others), Country (United Arab Emirates, Saudi Arabia, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Middle East and Africa Lumber Pallet Market
Lumber pallet market is expected to gain significant growth during the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing at a CAGR of 5.6% in the forecast period and expected to reach USD 870,402.38 million by 2028.
A lumber pallet is a flat, portable, and rigid platform that is made of wood. It is primarily used to carry heavy loads of goods and materials. Lumber pallets are also used to pile up, store, assemble, and transport goods. These pallets improve operational efficiency in warehouses by allowing easy movement of stocked goods. As the goods placed on these pallets are much heavier, they could be combined with the use of machinery or tools, such as forklifts and pallet jacks, to make the transport smoother and easier.
The use of wooden pallets lowers product damage and increases employee safety as they have no nails, staples, or broken boards. Lumber pallets operate best for short distance shipments, frequent deliveries for same customers, delivery to limited number of customers, or delivering with company owned vehicles. The wooden pallets are designed for durability, ease of use, ease of cleaning, and ease of repair. All of these characteristics make it easy to return to the original user, which can lead to its utilization again and again.
This lumber pallet market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East and Africa Lumber Pallet Market Scope and Market Size
Middle East and Africa lumber pallet market is segmented by product type, wood type, size, distribution channel, and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the market is segmented into stringer lumber pallets, block lumber pallets, double face pallets, double wing pallets, and others. The demand for stringer lumber pallet is increasing as these pallets can be approached from both sides comfortably, which makes this segment dominate the region.
- On the basis of wood type, the market is segmented into softwood and hardwood. The demand for softwood is increasing as they are simpler to work with and manage, which makes the softwood segment dominate the region.
- On the basis of size, the market is segmented into 800x1200 mm, 1000x 1200 mm, 800x600 mm, 914x914 mm, 1118x1118 mm, 1200x1000 mm, and others. The 800x1200 mm segment is dominating due to its dimensional accuracy, which makes this segment dominate the region.
- On the basis of distribution channel, the market is segmented into offline and online. The offline channel is dominating as it offers more credibility to consumers, which makes this segment dominate the region.
- On the basis of end-user, the market is segmented into food & beverages, pharmaceuticals, chemicals, retail, automotive, and others. The food & beverage segment is dominating due to its high load bearing capacity, which makes food & beverage segment dominate the region.
Lumber Pallet Market Country Level Analysis
Middle East and Africa market is analysed and market size information is provided by product type, wood type, size, distribution channel, and end-user.
The countries covered in the Middle East and Africa lumber pallet market report are United Arab Emirates, Saudi Arabia, South Africa, Egypt, Israel, and Rest of Middle East and Africa.
Saudi Arabia is dominating the market due to increasing import and export of the goods through road ways and rise in demand in logistics industry.
The country section of the report also provides individual market impacting factors and domestic changes in regulation in the market that impact the current and future trends of the market. Data points, such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to high competition from local and domestic brands and impact of sales channels are considered while providing forecast analysis of country data.
Growth in the Lumber Pallet Industry
Middle East and Africa lumber pallet market also provides you with detailed market analysis of every country growth in installed base of different kind of products for the market, impact of technology using life line curves and changes in infant formula regulatory scenarios, and their impact on the lumber pallet market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Lumber Pallet Market Share Analysis
Middle East and Africa lumber pallet Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the company’s focus on the Middle East and Africa lumber pallet market.
Major players covered in the report are Greif, UFP Industries, Inc., PALLETBIZ, JGD Pallets, and other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
For instance,
- In August 2017 August, Falkenhahn AG, decided to supply WORLD EuroPallet products to Switzerland, Denmark, and the U.K. using its transportation fleet. This development has helped the company increase its geographical presence and generate high revenue
Partnership, joint ventures, and other strategies enhance the company market share with increased coverage and presence. They also benefit the organisations and improve their offerings of lumber pallet through expanded range of size.
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