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Reverse Logistics Market Size, Share & Industry Report 2031

Reverse Logistics Market

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Segments - by Functions (Transportation (Road, Air, and Others),Warehousing, and Other Value-added Services), Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-use Returns, and End-of-life Returns), End-user Industries (Consumer and Retail, Automotive, Healthcare & Pharmaceutical, and Others), and Regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Akash Vedpathak

Fact-checked by :

Amulya Agarwal

Editor :

Shreyas Tandon

Report Description

Reverse Logistics Market Outlook 2031

The global reverse logistics market size was valued at USD 708.78 Billion in 2022 and is anticipated to reach USD 1157.41 Billion by 2031, expanding at a CAGR of 5.6% during the forecast period, 2023-2031, owing to the benefits provided by reverse logistics over traditional logistics flow.

Reverse logistics can be determined as the opposite of the standard supply chain, wherein the goods move from the end-user back to the manufacturer or the seller. It stands for all events associated with the refusal the product and/ormaterial.

In other terms, it is the process of moving goods from their typical final destination to another location for the purpose of capturing value or proper disposal. An effective reverse logistics results in several direct benefits such as improved customer satisfaction, decreased levels of resource investment, and decreased costs of storage and distribution.

Reverse Logistics Market Trends, Drivers, Restraints, and Opportunities

Rising e-commerce penetration is expected to fuel the growth of the global reverse logistics market.
A high consumer demand for commodities from several sectors such as consumer electronics, medical devices, and automotive is driving the market.
Uncertainties regarding the reverse logistics processare hindering the market growth.
The introduction of blockchain technology in reverse logistics flow is anticipated to create opportunitiesin the market.
Increasing prevalence of global e-waste is expected to create opportunities in the reverse logistics market in the coming years.

Scope of Reverse Logistics Market Report:

The report on reverse logisticsmarket includes an assessment of the market, size, share, trends, segments and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Reverse Logistics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Functions (Transportation (Road, Air, and Others), Warehousing, and Other Value-added Services), Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-use Returns, and End-of-life Returns), End-user Industries (Consumer and Retail, Automotive, Healthcare & Pharmaceutical, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
Key Players Covered in the Report	C.H. Robinson Worldwide, Inc., CCR Logistics Systems AG, Core Logistic Private Limited, DHL International GmbH, FedEx Corporation, FW Logistics, Happy Returns, Inc., Kintetsu World Express (I) Pvt. Ltd, Reverse Logistics GmbH, Safexpress Pvt. Ltd., Schenker AG, United Parcel Service, Inc., United States Postal Service, XPO Logistics, Inc., YUSEN LOGISTICS CO., LTD.

Reverse Logistics Market Segment Insights

Functions Segments Analysis

Based on functions, the reverse logisticsmarket has been segmented into transportation, warehousing, and other value-added services. The transportation segment is further segmented into road, air, and others. The transportation segment is estimated to hold a significant share of the global market due to benefits provided to the customers in seamlessly handling returns and warranty policies.

The warehouse segment is estimated to grow at a considerable pace owing to the increasing demand for optimization of the reverse logistics in warehousemanagement, which aims at minimizing the cost and time associated with the processing of returned goods and reduction of inventory levels of returned products while maximizing customer satisfaction.

Return Types Segments Analysis

On the basis of return types, the market has been classified as recalls, commercial returns, repairable returns, end-of-use returns, and end-of-life returns. The commercial returns segment is expected to account for a substantial share of the market in the coming years.

Commercial returns usually include consumer goods, so that retailers can correct the error and maintain their customer service reputation. The end-of-life segment is anticipated to grow at a significant pace during the forecast period.

End-user Industries Segments Analysis

Based on end-user industries, the reverse logisticsmarket has been categorized as consumer and retail, automotive, healthcare & pharmaceutical, and others. The consumer and retail segment accounted for a large share of the market and this trend is estimated to continue during the forecast period owing to the rapid growth in the e-commerce industry resulting in the increase in goods purchased and returned through online channels.

Additionally, the adoption of reverse logistics solutions among healthcare & pharmaceutical organizationsfor the proper disposal of unused drugsis expected to be a key factor driving the healthcare & pharmaceutical segment.

Regional Analysis

In terms of regions, the global reverse logistics market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific held a large share of the market, followed by market in North America and Europe, and this trend is anticipated to continue during the forecast period.

The large market share of Asia Pacificis attributed to increasing amount of reverse logistics for automotive spare parts and other manufacturing industries. Additionally, the emergence of several local players in countries such as China, India, Japan, South Korea, and Taiwan is fueling the market in the region.

Segments

Functions

Transportation
- Road
- Air
- Others
Warehousing
Other Value-added Services

Return Types

Recalls
Commercial Returns
Repairable Returns
End-of-use Returns
End-of-life Returns

End-user Industries

Consumer and Retail
Automotive
Healthcare &Pharmaceutical
Others

Regions

North America
Europe
AsiaPacific
Latin America
MiddleEast& Africa

Key Players

C.H. Robinson Worldwide, Inc.,
CCR Logistics Systems AG,
Core Logistic Private Limited,
DHL International GmbH,
FedEx Corporation,
FW Logistics,
Happy Returns, Inc.,
Kintetsu World Express (I) Pvt. Ltd,
Reverse Logistics GmbH,
Safexpress Pvt. Ltd.,
Schenker AG,
United Parcel Service, Inc.,
United States Postal Service,
XPO Logistics, Inc.,
YUSEN LOGISTICS CO., LTD

Competitive Landscape

Key participants in the global reverse logistics market include C.H. Robinson Worldwide, Inc., CCR Logistics Systems AG, Core Logistic Private Limited, DHL International GmbH, FedEx Corporation, FW Logistics, Happy Returns, Inc., Kintetsu World Express (I) Pvt. Ltd, Reverse Logistics GmbH, Safexpress Pvt. Ltd., Schenker AG, United Parcel Service, Inc., United States Postal Service, XPO Logistics, Inc., YUSEN LOGISTICS CO., LTD.

They engage in strategies such as mergers & acquisitions, collaborations agreements, and partnerships. Some of the key participants are adopting innovative methods for product launches to strengthen their geographical presence.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Reverse Logistics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Reverse Logistics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Reverse Logistics Market - Supply Chain
  4.5. Global Reverse Logistics Market Forecast
     4.5.1. Reverse Logistics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Reverse Logistics Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Reverse Logistics Market Absolute $ Opportunity
5. Global Reverse Logistics Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Reverse Logistics Market Size and Volume Forecast by End Users
     5.3.1. Consumer and Retail
     5.3.2. Automotive
     5.3.3. Healthcare &Pharmaceutical
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Reverse Logistics Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Reverse Logistics Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Reverse Logistics Demand Share Forecast, 2019-2026
7. North America Reverse Logistics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Reverse Logistics Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Reverse Logistics Market Size and Volume Forecast by End Users
     7.4.1. Consumer and Retail
     7.4.2. Automotive
     7.4.3. Healthcare &Pharmaceutical
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Reverse Logistics Demand Share Forecast, 2019-2026
8. Latin America Reverse Logistics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Reverse Logistics Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Reverse Logistics Market Size and Volume Forecast by End Users
     8.4.1. Consumer and Retail
     8.4.2. Automotive
     8.4.3. Healthcare &Pharmaceutical
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Reverse Logistics Demand Share Forecast, 2019-2026
9. Europe Reverse Logistics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Reverse Logistics Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Reverse Logistics Market Size and Volume Forecast by End Users
     9.4.1. Consumer and Retail
     9.4.2. Automotive
     9.4.3. Healthcare &Pharmaceutical
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Reverse Logistics Demand Share Forecast, 2019-2026
10. Asia Pacific Reverse Logistics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Reverse Logistics Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Reverse Logistics Market Size and Volume Forecast by End Users
     10.4.1. Consumer and Retail
     10.4.2. Automotive
     10.4.3. Healthcare &Pharmaceutical
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Reverse Logistics Demand Share Forecast, 2019-2026
11. Middle East & Africa Reverse Logistics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Reverse Logistics Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Reverse Logistics Market Size and Volume Forecast by End Users
     11.4.1. Consumer and Retail
     11.4.2. Automotive
     11.4.3. Healthcare &Pharmaceutical
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Reverse Logistics Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Reverse Logistics Market: Market Share Analysis
  12.2. Reverse Logistics Distributors and Customers
  12.3. Reverse Logistics Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

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