Reverse Logistics Market (By Return Type: Recalls, Commercial Returns, Repairable Returns, End-of-use Returns, End-of-life Returns; By End Use: E-commerce, Automotive, Pharmaceutical, Consumer Electronic, Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027
The global reverse logistics market is anticipated to grow at a CAGR of around 4.5% during the forecast period 2020 to 2027 and to reach around US$ 627.2 Bn by 2027.
Market Dynamics
E-commerce sector is witness rapid developing in developed and developing countries; increasing consumer demand for overseas goods/products from various end use industries such as electronics, automotive, medical, etc. is resulting in demand for reverse logistics this is major factor expected to drive the growth of global market. In addition, flourishing pharmaceutical industry across the globe and high adoption of reverse logistics due to reasons such as expiry and damages, product returns due to wrong shipments, counterfeits, product recalls and trial recovery for clinical trials is another factor expected support the growth of target market.
Major players are focused on business expansion through strategic merger and acquisition in order to increase the customer base and enhance the product portfolio is another factor expected to further support the growth of target market. In addition, high investment by major players in order enhance the business presence is another important factor expected to augment the growth of target market.
- In 2016, UPS invested in Optoro in order to provide one-stop shop solution for retailers and manufacturers to optimize the transportation and disposition of returns and excess inventory. This is expected to help the company to expand its business and enhance the profit ratio.
- In 2020 XPO Logisticsa provider of global freight transportation and logistics services acquired Kuehne + Nagel’s United Kingdom-based contract logistics operations. This acquisition is expected to help the company to expand the business presence and increase the profit ratio.
- In 2020, GlobalTranz a leader in logistics services provider acquired Cerasis a provider of third party multimodal and managed transportation services. This acquisition is expected to help the company to expand business aspects and enhance the ratio.
However, factors such as high complexity in operations and negative impact on value chain are expected to hamper the growth of global reverse logistics market. In addition, high paper work and quality check is increasing the cost of logistic which is another factor expected to further support the growth of target market.
Introduction of blockchain technology in logistics is important factor expected to create new opportunities for players operating in the target market over the forecast period. In addition, major players approach towards developing countries in order to enhance the business presence is another factor expected to revenue support the growth of target market.
Reverse Logistics Market Segment Analysis, 2019
The global reverse logistics market is segmented into return type and end use. The return type segment is further bifurcated in to recalls, commercial returns, repairable returns, end-of-use returns, and end-of-life returns. Among end use the pharmaceutical sector is expected to witness faster growth in the target market over the forecast period.
Segment Analysis by Region
The market in North America is expected to account for significant revenue share owing to stringent government regulation related to drug sell and storage. In addition, players approach towards business development through partnerships and agreements is another factor expected to further support the growth of target market.
Asia Pacific is expected to witness faster growth in the near future owing to high demand for products/goods from consumers from various end use industries. In addition, players approach toward developing economies in order to track the untapped market is another important factor expected to boost the growth of regional market.
Competitive Landscape
The global market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.
Report coverage
|
Market |
Global Reverse Logistics Market |
|
Analysis Period |
2016 – 2027 |
|
Base Year |
2019 |
|
Forecast Data |
2020 – 2027 |
|
Market Stratification |
Reverse Type, End Use and Geography |
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
|
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
The market research study on “Reverse Logistics Market (Reverse Type: Recalls, Commercial Returns, Repairable Returns, End-of-use Returns, and End-of-life Returns; End Use: E-commerce, Automotive, Pharmaceutical, Consumer Electronic, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027”, offers a detailed insights on the global reverse logistics market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global reverse logistics market segment by reverse type, end use and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global reverse logistics market size and segment markets by reverse type, end use and geography along with the information on companies operating in the market. The reverse logistics market analysis is provided for major regional market including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Deliveryontime Logistics Pvt. Ltd., FedEx Corporation, Kintetsu World Express, Reverse Logistics Company, The Deutsche Post AG, C.H. Robinson, DB Schenker, Delcart, United Parcel Service, and YUSEN LOGISTICS CO, LTD.
Market Segmentation
Market By Return Type
- Recalls
- Commercial Returns
- Repairable Returns
- End-of-use Returns
- End-of-life Returns
Market By End Use
- E-commerce
- Automotive
- Pharmaceutical
- Consumer Electronic
- Others
Market By Region
North America
- US
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest if Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Meddle East & Africa
Frequently Asked Questions
What is reverse logistics?
Reverse logistics is the set of activities that is conducted after the sale of a product to recapture value and end the product's lifecycle. It typically involves returning a product to the manufacturer or distributor or forwarding it on for servicing, refurbishment or recycling.
Which factor expected to drive the growth of reverse logistics market?
E-commerce sector is witness rapid developing in developed and developing countries; increasing consumer demand for overseas goods/products from various end use industries such as electronics, automotive, medical, etc. is resulting in demand for reverse logistics this is major factor expected to drive the growth of global market.
What will be the reverse logistics market size in 2027?
The global reverse logistics market size will be above US$ 627.2 Bn in 2027.
Which segment is growing faster in end use segment?
In end use segment the pharmaceutical is growing at faster pace.
What is the CAGR of the global reverse logistics market?
The CAGR of the global reverse logistics market from 2020-2027 is above 4.5%.
Which region is expected to grow faster in reverse logistics market?
In the global market the Asia Pacific region is expected to grow faster.
What are the players considered in the report scope?
Some of the players considered in the report scope are C.H. Robinson, DB Schenker, Delcart, United Parcel Service, and YUSEN LOGISTICS CO, LTD.
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