MMR, global market research and consulting organization, has released a new study titled “Reverse Logistics market – Global outlook to 2027″. Industries’ constant focus on reducing the operational cost and increased attention on core business, and the need to improve scalability are expected to shape the Global Reverse Logistics market to grow at a CAGR of %.
Global Reverse Logistics Market : was valued at US$ 14 Bn. in 2021. The Global Reverse Logistics Market size is estimated to grow at a CAGR of 7.1 % over the forecast period.
According to an Analyst at MMR, the Global Reverse Logistics market will experience significant growth during the forecast period due to potential opportunities lying in the market. The market drivers are:
COVID-19 Impact:
Our team is working on the COVID 19 impact on various industry verticals and provide authenticate data to the client this data helps us understand the market situation. To understand the influence and factors of the COVID 19 on the global Reverse Logistics market with our expert monitoring which explains all the impacting factors and COVID impact on each key player are explained in the report.
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Market Segmentation:
Based on Return Type the market is segmented into recalls, commercial, repairable returns, end of use returns and end of life return. The end of life segment dominated the market in terms of revenue. Factors such as the need for reverse logistics in the recycling of products after the product’s life cycle is expected to drive the growth of market during the forecast period. With the increased adoption of online shopping e commerce has experienced rapid growth. Reverse logistics services are used in e-commerce activities such as transportation, reselling and replacement. As the e-commerce grows the replacement and returns should be carried out in an efficient way and to perform such tasks reverse logistics is essential.
The market is divided into main 5 regions and they are North America (U.S., Canada), Europe (U.K., Germany, France, Italy), Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea), Latin America (Brazil, Mexico, Argentina, Chile), and MEA (Saudi Arabia, South Africa, Egypt) respectively. The MMR Company provides government regulation and pricing analysis of each and everyone that helps to understand the market situation and current competition in the market.
Key Players:
• DB SCHENKER (Germany)
• Deutsche Post AG (Germany)
• FedEx Corporation (USA)
• Kintetsu World Express, Inc. (Japan)
• United Parcel Service, Inc.(USA)
• Delhivery (India)
• Yusen Logistics Co., Ltd. (Japan)
• RLG Systems AG (India)
• Core Logistic Private Limited (India)
• Safexpress Pvt. Ltd.(India)
• Ecomm Express(India)
• Shadowfax(India)
• Shiprocket(India)
• Xpressbees(India)
• Bluedart (India)
• First Flight Couriers Ltd. (India)
• TCIexpress(India)
• Bizlog(India)
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The report provides a detailed analysis and forecast of the industry covering the following key features:
- Industry outlook includes current and future market drivers, restraints, trends, challenges, emerging technologies, and recent developments.
- Key industry developments and key insights
- Significant marketing factors such as driver, restraints, opportunity, and challenges
- Number of significant companies and their revenue and net income
- Other market trends
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