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 O

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 till 2022–2027.

Global Reverse Logistics

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 of 6.97% from 2022–2027.

Reverse logistics is defined as all operations related to the upstream movement of products, services, and materials. Reverse logistics is the process of moving goods from their typical destination for the purpose of capturing value and ensuring proper disposal. 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, which will have a positive impact on market growth. Additionally, the process of ordering a product online through an e-commerce platform and returning it is convenient for the consumers, and growing facilities like refunds, easy returns, try-and-buy, and others are being provided by e-commerce companies due to the rise in competition in the market, which is projected to propel the market growth during this forecast period. Also, an increase in the need for reverse logistics in the pharmaceutical industry will boost market growth.

Market Restraints

The uncertainty in the 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 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 the largest share in the reverse logistics market owing to factors such as rapid growth in the e-commerce sector and online platforms, which have 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 the 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 for the region, which is expected to contribute to market growth. China is expected to account for the maximum share in the reverse logistics market due to the rapid increase in investment in automotive and 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.

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 Electronics
• Other

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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