Overview and Scope
Reverse logistics refers to the process of moving goods from their destination back to the manufacturer or another point in the supply chain for various purposes. It helps organizations recover value from returned products, minimize environmental impact, and improve overall operational efficiency.
Sizing and Forecast
The reverse logistics market size has grown strongly in recent years. It will grow from $682.1 billion in 2023 to $729.24 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to environmental regulations, product life cycle extension, globalization of supply chains, remanufacturing opportunities, market competition.
The reverse logistics market size is expected to see strong growth in the next few years. It will grow to $909.87 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing product complexity, focus on sustainability, evolving consumer expectations, rise of rental and subscription models, focus on data analytics. Major trends in the forecast period include technology integration, predictive analytics for returns management, sustainable packaging and materials, circular economy practices, robotic process automation (RPA).
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Segmentation & Regional Insights
The reverse logistics market covered in this report is segmented –
1) By Return Type: Recalls, Commercial Returns, Repairable Returns, End-Of-Use Returns, End Of Life Returns
2) By Service: Transportation, Warehousing, Reselling, Replacement Management, Refund Management Authorization, Other Services
3) By End User: E-Commerce, Automotive, Pharmaceutical, Consumer Electronic, Retail, Luxury Goods, Reusable Packaging
Asia-Pacific was the largest region in the reverse logistics market in 2023. The regions covered in the reverse logistics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rapid growth of e-commerce is expected to propel the growth of the reverse logistics market going forward. E-commerce, or electronic commerce, refers to the buying and selling of goods and services over the Internet. Reverse logistics is used in e-commerce to manage the flow of returned products from customers back to the original point of origin, such as the warehouse or store, which helps to maintain customer trust, minimize losses, and contribute to sustainable business practices. For instance, in November 2023, according to the United States Census Bureau, a US-based government agency, e-commerce increased and reached the 3rd quarter of 2023 at 7.6%, compared to the 4th quarter of 2022 by 6.9%. 15.4% of all sales in the second quarter of 2023 were made through online stores. Therefore, the growth of e-commerce is driving the growth of the reverse logistics market.
Key Industry Players
Major companies operating in the reverse logistics market report are Deutsche Post DHL Group, United Parcel Service Inc., FedEx Corporation, Schenker AG, Kuehne + Nagel International AG, DSV Panalpina A/S, C.H. Robinson Worldwide, Dachser SE, Nippon Express Co. Ltd., Expeditors International of Washington Inc., J.B. Hunt Transport Services Inc., Ryder System Inc., Kerry Logistics Network Limited, XPO Logistics Inc, Landstar System Inc., Kintetsu World Express Inc., ArcBest Corporation, Zebra Technologies Corp, Hellmann Worldwide Logistics, Echo Global Logistics Inc., Yusen Logistics Co. Ltd., Agility Logistics, Safexpress Pvt. Ltd, CEVA Logistics AG, RLG Systems AG
The reverse logistics market report table of contents includes:
- Executive Summary
- Reverse Logistics Market Characteristics
- Reverse Logistics Market Trends And Strategies
- Reverse Logistics Market – Macro Economic Scenario
- Global Reverse Logistics Market Size and Growth
- Reverse Logistics Market Segmentation
- Reverse Logistics Market Regional And Country Analysis
……………
- Key Mergers And Acquisitions In The Reverse Logistics Market
- Reverse Logistics Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Reverse Logistics Market, Segmentation By Return Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Reverse Logistics Market, Segmentation By Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Reverse Logistics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
………..
Table 74: Deutsche Post DHL Group Financial Performance
Table 75: United Parcel Service Inc. Financial Performance
Table 76: FedEx Corporation Financial Performance
Table 77: Schenker AG Financial Performance
Table 78: Kuehne + Nagel International AG Financial Performance
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