
Reverse Logistics Market
Description
Reverse Logistics Market
Growth Factors of Reverse Logistics Market
The reverse logistics market size was valued at USD 768.59 billion in 2023, and the market is now projected to grow from USD 801.64 billion in 2024 to USD 1,166.81 billion by 2032, exhibiting a CAGR of 4.8% during the forecast period of 2024-2032.
There was a decline in reverse logistics market growth in 2020 due to COVID-19 shocks which affected supply chains and closed factories. While, the same year witnessed an upswing in the demand for e-commerce and retail sectors, which in turn proved dynamite for the reverse logistics market, projecting an even more rapid growth in the market across the forecast period.
The global reverse logistics market share increase was due to the investor concentration and the social media selling platforms such as Facebook and Instagram that propelled the growth of the e-commerce business during the COVID-19 pandemic. This expansion enhanced awareness of online retail to the consumers and this saw more consumers in the rural areas demand online retail.
Further, market leaders are incorporating IoT, blockchain and RFID into supply chains to improve logistics handling and make them more visible and easily traceable. Such technologies assist in the real-time tracking of returned products, thus improving related functions such as inventory management and returns processing with little or no complicating factors. With this focus on advanced tech from end-customer to manufacturer for supply chain operations, logistics will be fully achieved for reverse logistics market.
Comprehensive Analysis of Reverse Logistics Market
The reverse logistics market and automotive industry are growing exponentially due to their growth in market segments. This market expansion helps to have a comprehensive view of the region concerning the supply and demand forces that shape the transport and logistics sector. All these segmentations are done systematically based on return type, by industry and by service type. The return type include, Returns Management, Remanufacturing or Refurbishment, Packaging Management, End of Life, and Others. The industry include, Automotive, Pharmaceuticals, Food and Beverages, and Retail & E-Commerce. However, the service type include, Transportation and Warehousing.
North America held the leading market share as it constituted USD 374.46 billion in 2023. Among the three, this market share is attributed to the fact that the return services are widely accepted in different markets in the region due to their high penetration levels. Furthermore, the rising demand of consumers toward retail shopping stores and e-commerce platforms including Amazon, Walmart, Target and many more is also contributing toward the enhanced market growth.
The leading companies in the market are responsible for the industrial prospects’ growth and the determination of market trends in the automotive industry. These players include, Ecom Express Limited (India), DB Schenker (Germany), FedEx Corporation (U.S.), United Parcel Service, Inc. (U.S.), Safexpress Pvt. Ltd. (India), XPO Logistics, Inc. (U.S.), DHL Express (Germany), Kuehne + Nagel International AG (Switzerland), Yusen Logistics Co., Ltd. (Japan), and Kintetsu World Express Inc. (Japan). These market players offer a fair trading platform for competition in the business market.
In March 2024, Shadowfax, an Indian logistics company, announced the emergence of an innovation centre in Port Blair. The company will also offer more focus on its reverse logistics division in perspective of a reverse logistics service, doorstep quality check and so on. This new distribution unit can help the company achieve its goal of enhancing both its service provision and distribution clusters.
Segmentation Table
Global Reverse Logistics Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 4.8% from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion)
Segmentation By Return Type, Industry, Service Type, and Region
By Return Type - Returns Management
- Remanufacturing or Refurbishment
- Packaging Management
- End of Life
- Others
By Industry - Automotive
- Pharmaceuticals
- Food and Beverages
- Retail & E-Commerce
By Service Type - Transportation
- Warehousing
By Region - North America (By return type, By industry, and By service type)
- U.S. (By Industry)
- Canada (By Industry)
- Mexico (By Industry)
- U.K. (By Industry)
- Germany (By Industry)
- France (By Industry)
- Rest of Europe (By Industry)
- China (By Industry)
- Japan (By Industry)
- India (By Industry)
- South Korea (By Industry)
- Rest of the Asia Pacific (By Industry)
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Table of Contents
200 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Key Industry Developments - Mergers, Acquisitions & Partnerships
- 4.2. Latest Technological Advancements
- 4.3. Porters Five Forces Analysis
- 4.4. Impact of COVID-19 Pandemic on Global Reverse Logistics Market
- 5. Global Reverse Logistics Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Definition
- 5.2. Market Analysis, Insights and Forecast - By Return Type
- 5.2.1. Returns management
- 5.2.2. Remanufacturing or refurbishment
- 5.2.3. Packaging management
- 5.2.4. End of Life
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast - By Industry
- 5.3.1. Automotive
- 5.3.2. Pharmaceuticals
- 5.3.3. Food and Beverages
- 5.3.4. Retail & E-Commerce
- 5.4. Market Analysis, Insights and Forecast - By Service Type
- 5.4.1. Transportation
- 5.4.2. Warehousing
- 5.5. Market Analysis, Insights and Forecast - By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Rest of the World
- 6. North America Reverse Logistics Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Analysis, Insights and Forecast - By Return Type
- 6.1.1. Returns management
- 6.1.2. Remanufacturing or refurbishment
- 6.1.3. Packaging management
- 6.1.4. End of Life
- 6.1.5. Others
- 6.2. Market Analysis, Insights and Forecast - By Industry
- 6.2.1. Automotive
- 6.2.2. Pharmaceuticals
- 6.2.3. Food and Beverages
- 6.2.4. Retail & E-Commerce
- 6.3. Market Analysis, Insights and Forecast - By Service Type
- 6.3.1. Transportation
- 6.3.2. Warehousing
- 6.4. Market Analysis, Insights and Forecast - By Country
- 6.4.1. U.S.
- 6.4.1.1. Market Analysis, Insights and Forecast - By Industry
- 6.4.2. Canada
- 6.4.2.1. Market Analysis, Insights and Forecast - By Industry
- 6.4.3. Mexico
- 6.4.3.1. Market Analysis, Insights and Forecast - By Industry
- 7. Europe Reverse Logistics Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Analysis, Insights and Forecast - By Return Type
- 7.1.1. Returns management
- 7.1.2. Remanufacturing or refurbishment
- 7.1.3. Packaging management
- 7.1.4. End of Life
- 7.1.5. Others
- 7.2. Market Analysis, Insights and Forecast - By Industry
- 7.2.1. Automotive
- 7.2.2. Pharmaceuticals
- 7.2.3. Food and Beverages
- 7.2.4. Retail & E-Commerce
- 7.3. Market Analysis, Insights and Forecast - By Service Type
- 7.3.1. Transportation
- 7.3.2. Warehousing
- 7.4. Market Analysis, Insights and Forecast - By Country
- 7.4.1. U.K.
- 7.4.1.1. Market Analysis, Insights and Forecast - By Industry
- 7.4.2. Germany
- 7.4.2.1. Market Analysis, Insights and Forecast - By Industry
- 7.4.3. France
- 7.4.3.1. Market Analysis, Insights and Forecast - By Industry
- 7.4.4. Rest of Europe
- 7.4.4.1. Market Analysis, Insights and Forecast - By Industry
- 8. Asia Pacific Reverse Logistics Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Analysis, Insights and Forecast - By Return Type
- 8.1.1. Returns management
- 8.1.2. Remanufacturing or refurbishment
- 8.1.3. Packaging management
- 8.1.4. End of Life
- 8.1.5. Others
- 8.2. Market Analysis, Insights and Forecast - By Industry
- 8.2.1. Automotive
- 8.2.2. Pharmaceuticals
- 8.2.3. Food and Beverages
- 8.2.4. Retail & E-Commerce
- 8.3. Market Analysis, Insights and Forecast - By Service Type
- 8.3.1. Transportation
- 8.3.2. Warehousing
- 8.4. Market Analysis, Insights and Forecast - By Country
- 8.4.1. China
- 8.4.1.1. Market Analysis, Insights and Forecast - By Industry
- 8.4.2. India
- 8.4.2.1. Market Analysis, Insights and Forecast - By Industry
- 8.4.3. Japan
- 8.4.3.1. Market Analysis, Insights and Forecast - By Industry
- 8.4.4. South Korea
- 8.4.4.1. Market Analysis, Insights and Forecast - By Industry
- 8.4.5. Rest of Asia Pacific
- 8.4.5.1. Market Analysis, Insights and Forecast - By Industry
- 9. Rest of the World Reverse Logistics Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Analysis, Insights and Forecast - By Return Type
- 9.1.1. Returns management
- 9.1.2. Remanufacturing or refurbishment
- 9.1.3. Packaging management
- 9.1.4. End of Life
- 9.1.5. Others
- 9.2. Market Analysis, Insights and Forecast - By Industry
- 9.2.1. Automotive
- 9.2.2. Pharmaceuticals
- 9.2.3. Food and Beverages
- 9.2.4. Retail & E-Commerce
- 9.3. Market Analysis, Insights and Forecast - By Service Type
- 9.3.1. Transportation
- 9.3.2. Warehousing
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Rank Analysis (2023)
- 10.3. Competitive Dashboard
- 10.4. Comparative Analysis - Major Players
- 10.5. Company Profiles
- 10.5.1. Ecom Express Limited (India)
- 10.5.1.1. Overview
- 10.5.1.2. Products & Services
- 10.5.1.3. SWOT Analysis
- 10.5.1.4. Recent Developments
- 10.5.1.5. Strategies
- 10.5.1.6. Financials (Based on Availability)
- 10.5.2. DB Schenker (Germany)
- 10.5.2.1. Overview
- 10.5.2.2. Products & Services
- 10.5.2.3. SWOT Analysis
- 10.5.2.4. Recent Developments
- 10.5.2.5. Strategies
- 10.5.2.6. Financials (Based on Availability)
- 10.5.3. FedEx Corporation (U.S.)
- 10.5.3.1. Overview
- 10.5.3.2. Products & Services
- 10.5.3.3. SWOT Analysis
- 10.5.3.4. Recent Developments
- 10.5.3.5. Strategies
- 10.5.3.6. Financials (Based on Availability)
- 10.5.4. United Parcel Service, Inc. (U.S.)
- 10.5.4.1. Overview
- 10.5.4.2. Products & Services
- 10.5.4.3. SWOT Analysis
- 10.5.4.4. Recent Developments
- 10.5.4.5. Strategies
- 10.5.4.6. Financials (Based on Availability)
- 10.5.5. Safexpress Pvt. Ltd. (India)
- 10.5.5.1. Overview
- 10.5.5.2. Products & Services
- 10.5.5.3. SWOT Analysis
- 10.5.5.4. Recent Developments
- 10.5.5.5. Strategies
- 10.5.5.6. Financials (Based on Availability)
- 10.5.6. XPO Logistics, Inc. (U.S.)
- 10.5.6.1. Overview
- 10.5.6.2. Products & Services
- 10.5.6.3. SWOT Analysis
- 10.5.6.4. Recent Developments
- 10.5.6.5. Strategies
- 10.5.6.6. Financials (Based on Availability)
- 10.5.7. DHL Express (Germany)
- 10.5.7.1. Overview
- 10.5.7.2. Products & Services
- 10.5.7.3. SWOT Analysis
- 10.5.7.4. Recent Developments
- 10.5.7.5. Strategies
- 10.5.7.6. Financials (Based on Availability)
- 10.5.8. Kuehne + Nagel International AG (Switzerland)
- 10.5.8.1. Overview
- 10.5.8.2. Products & Services
- 10.5.8.3. SWOT Analysis
- 10.5.8.4. Recent Developments
- 10.5.8.5. Strategies
- 10.5.8.6. Financials (Based on Availability)
- 10.5.9. Yusen Logistics Co., Ltd. (Japan)
- 10.5.9.1. Overview
- 10.5.9.2. Products & Services
- 10.5.9.3. SWOT Analysis
- 10.5.9.4. Recent Developments
- 10.5.9.5. Strategies
- 10.5.9.6. Financials (Based on Availability)
- 10.5.10. Kintetsu World Express Inc. (Japan)
- 10.5.10.1. Overview
- 10.5.10.2. Products & Services
- 10.5.10.3. SWOT Analysis
- 10.5.10.4. Recent Developments
- 10.5.10.5. Strategies
- 10.5.10.6. Financials (Based on Availability)
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