Reverse Logistics Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Reverse logistics involves moving of products from end destination and receiving the returned materials or products for respective disposal. Reverse logistics is broadly seen as the process of returning product or merchandise because of salvage, damage, restock and excess inventory. Importance of reverse logistics is rising in the supply chain management processes especially considering the growth of e-commerce all over the world. Reverse logistics market is expected to experience a significant growth in upcoming years.

MARKET SCOPE

The "Global Reverse Logistics Market Analysis to 2031" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the reverse logistics market with detailed market segmentation by return type, end-user and geography. The report provides key statistics on the market status of the leading reverse logistics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

•   Based on return type, the global reverse logistics market is segmented into recalls, commercial returns, repairable returns, end-of-use returns and end-of life returns.
  
•   On the basis of end-user, the market is segmented into pharmaceutical, automotive, consumer electronics, retail and others.
  

MARKET DYNAMICS
Drivers:

•   Growth of manufacturing industries all over the world.
  
•   Rising urbanization in developing countries.
  
•   Introduction of block chain technology in logistics processes.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The reverse logistics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the reverse logistics market in these regions.

IMPACT OF COVID-19 ON REVERSE LOGISTICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. This pandemic has not only affected the economic condition of manufacturers, but consumers also. Due to job loss, salary cuts and other economic fluctuations, buying capacity of customer has reduced. This has got significant impacts on the reverse logistics industry as purchasing itself has gone down.

Reverse Logistics Market Report Analysis

Reverse Logistics Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• C.H. Robinson Worldwide, Inc.
• Core Logistic Private Limited
• DB SCHENKER
• DHL International GmbH
• FedEx Corporation
• Kuehne + Nagel International AG
• Safexpress Pvt. Ltd.
• United Parcel Service of America, Inc
• YUSEN LOGISTICS CO, LTD

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Return Type

• Recalls
• Commercial Returns
• Repairable Returns
• End-of-Use Returns
• End-of Life Returns

By End-User

• Pharmaceutical
• Automotive
• Consumer Electronics
• Retail

MARKET PLAYERS

The report covers key developments in the reverse logistics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from reverse logistics market are anticipated to lucrative growth opportunities in the future with the rising demand for reverse logistics in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the reverse logistics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   C.H. Robinson Worldwide, Inc.
  
•   Core Logistic Private Limited
  
•   DB SCHENKER
  
•   DHL International GmbH
  
•   FedEx Corporation
  
•   Kuehne + Nagel International AG
  
•   Safexpress Pvt. Ltd.
  
•   United Parcel Service of America, Inc
  
•   YUSEN LOGISTICS CO, LTD
  
•   Zebra Technologies Corp
  

The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Reverse Logistics Market Report Scope