Global Reverse Logistics Market Size, Trends & Growth Opportunity, By Return Type (Recalls, Commercial Returns, Repairable Return, End-of-Use Return, and End-of-life-Returns), By End User (E-Commerce, Automotive, Pharmaceutical, Consumer Electronic, and Other), By Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR100391 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 248
Global Reverse Logistics Market Size, Trends & Growth Opportunity, By Return Type (Recalls, Commercial Returns, Repairable Return, End-of-Use Return, and End-of-life-Returns), By End User (E-Commerce, Automotive, Pharmaceutical, Consumer Electronic, and Other), By Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Reverse Logistics Market
Global Reverse Logistics Market was valued at USD 636.5 billion in 2021 and is expected to reach USD 957.1 billion by 2027, at a CAGR 6.97% from 2022-2027.
Reverse logistic is defined as all operations related to the upstream movement of products, services, and materials. Reverse logistic is the process of moving goods from their typical destination for the purpose of capturing value, and proper disposal. It is meant by the supply chain process of returning products from end users back through the supply chain to either the manufacturer or retailer. The 5 Rs of reverse logistics are returns, reselling, repairs, repackaging and recycling.
Market Drivers
Rapid expansion of E-commerce is one of the key driving factors that is expected to boost the global reverse logistics market growth. The E-commerce sector is growing at a significant rate owing to the rising trend of mobile phones and increasing penetration of the internet shall have a positive impact on market growth.
Additionally, the process of ordering a product online by using an e-commerce platform and returning it is convenient for the consumers and growing facilities like refund, easy return, try & buy, and others provided by e-commerce companies due to rise in competition in the market which is projected to propel the market growth during this forecast period 2027. Also, an increase in the need for reverse logistics in the pharmaceutical industry will boost the market growth.
Market Restraints
The uncertainty in reverse logistics process is the major challenging factor which is expected to hinder the global reverse logistics market growth. Also, lack of transparency in the process is expected to hamper the market growth.
Market Segmentation
The Global Reverse Logistics Market is segmented into return type, end user, and region.
Based on the return type, the global reverse logistics market is segmented into, returns, returns avoidance, packaging, refurbishing, remanufacturing, unsold goods, end-of-life, delivery failure, repairs & maintenance, rentals & leasing, and others.
The returns segment is expected to hold a largest share in the reverse logistics market owing to factors such as rapid growth in the e-commerce sector & online platforms, which has boosted the demand for various types of consumer products.
Regional Analysis
The Global Reverse Logistics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia Pacific region accounted for the largest revenue share and is estimated to expand at the fastest CAGR from 2022 to 2027. Rising usage of e-commerce results in growing returns from the region, which is expected to contribute to the market growth.
China is expected to account for the maximum share in the reverse logistics market due to the rapid increasing investment in automotive & consumer electronics.
The U.S. is expected to dominate the reverse logistics market due to the presence of many local players.
Key Players
Various key players are discussed in the Global Reverse Logistics Market Report including: DB Schenker, C.H. Robinson, Delcart, FedEx Corporation, Deliveryontime Logistics Pvt. Ltd., Reverse Logistics Company, Kintetsu World Express, The Deutsche Post AG, United Parcel Service, Safexpress Pvt. Ltd., and Others.
For instance, in March 2022, an announcement for a contract between DHL Supply Chain, a subsidiary of Deutsche Post DHL Group with ReverseLogix was made.
Market Taxonomy
By Return Type
• Recalls
• Commercial Returns
• Repairable Return
• End-of-Use Return
• End-of-life-Returns
By End User
• E-Commerce
• Automotive
• Pharmaceutical
• Consumer Electronic
• Other
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Reverse Logistics Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Reverse Logistics Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Reverse Logistics Market, By Return Type
5.1 Y-o-Y Growth Comparison, By Return Type
5.2 Global Reverse Logistics Market Share Analysis, By Return Type
5.3 Global Reverse Logistics Market Size and Forecast, By Return Type
5.3.1 Recalls
5.3.2 Commercial Returns
5.3.3 Repairable Return
5.3.4 End-of-Use Return
5.3.5 End-of-life-Returns
6 Global Reverse Logistics Market, By End User
6.1 Y-o-Y Growth Comparison, By End User
6.2 Global Reverse Logistics Market Share Analysis, By End User
6.3 Global Reverse Logistics Market Size and Forecast, By End User
6.3.1 E-Commerce
6.3.2 Automotive
6.3.3 Pharmaceutical
6.3.4 Consumer Electronic
6.3.5 Others
7 Global Reverse Logistics Market, By Region
7.1 Global Reverse Logistics Market Share Analysis, By Region
7.2 Global Reverse Logistics Market Share Analysis, By Region
7.3 Global Reverse Logistics Market Size and Forecast, By Region
8 North America Reverse Logistics Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Reverse Logistics Market Share Analysis, By Return Type
8.3 North America Reverse Logistics Market Size and Forecast, By End User
8.4 North America Reverse Logistics Market Size and Forecast, By Country
8.4.1 U. S
8.4.2 Canada
8.4.3 Mexico
9 Europe Reverse Logistics Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Reverse Logistics Market Share Analysis, By Return Type
9.3 Europe Reverse Logistics Market Size and Forecast, By End User
9.4 Europe Reverse Logistics Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Reverse Logistics Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Reverse Logistics Market Share Analysis, By Return Type
10.3 Asia Pacific Reverse Logistics Market Size and Forecast, By End User
10.4 Asia Pacific Reverse Logistics Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Reverse Logistics Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Reverse Logistics Market Share Analysis, By Return Type
11.3 Latin America Reverse Logistics Market Size and Forecast, By End User
11.4 Latin America Reverse Logistics Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Reverse Logistics Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Reverse Logistics Market Share Analysis, By Return Type
12.3 Middle East Reverse Logistics Market Size and Forecast, By End User
12.4 Middle East Reverse Logistics Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 DB Schenker
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 C.H. Robinson
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Delcart
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 FedEx Corporation
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Deliveryontime Logistics Pvt. Ltd.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Reverse Logistics Company
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Kintetsu World Express
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 The Deutsche Post AG
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 United Parcel Service
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 Safexpress Pvt. Ltd.
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies