Reverse Logistics Market Size, Share, Growth Analysis, Trends And Forecast 2024-2033

Spread the love

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).

 

To access more details regarding this report, visit the link:

https://www.thebusinessresearchcompany.com/report/reverse-logistics-global-market-report

 

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.

 

Intrigued to explore the contents? Secure your hands-on sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=13921&type=smp

 

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:

  1. Executive Summary
  2. Reverse Logistics Market Characteristics
  3. Reverse Logistics Market Trends And Strategies
  4. Reverse Logistics Market – Macro Economic Scenario
  5. Global Reverse Logistics Market Size and Growth
  6. Reverse Logistics Market Segmentation
  7. Reverse Logistics Market Regional And Country Analysis

……………

  1. Key Mergers And Acquisitions In The Reverse Logistics Market
  2. Reverse Logistics Market Future Outlook and Potential Analysis
  3. 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

 

Explore the trending research reports from TBRC:

https://goodprnews.com/heavy-duty-trucks-market-size/

https://topprnews.com/linear-actuator-market-growth/

 

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

 

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: [email protected]

 

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/

Healthcare Blog: https://healthcareresearchreports.com/

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →

Leave a Reply

Your email address will not be published. Required fields are marked *