Global Reverse Logistics Market was valued US$ 415.5Bn in 2017 and is expected to reach US$ 635.01Bn by 2026, at a CAGR of around 4.83% during a forecast period.
Factors such as development of E-commerce industry and strict government rules in automotive industry, increasing product recall are the factors that drive the reverse logistics market growth. Additionally, surge in need of reverse logistics in pharmaceutical industry impels the growth of the reverse logistics market size. Moreover, introduction of blockchain technology and rise in need of reverse logistics due to rise in e-waste is a remarkable growth opportunity for the key players operating in the reverse logistics market. However, uncertainty in reverse logistics process and rise in quality control is projected to hamper the reverse logistics growth of the market.
Based on return types segment, the commercial returns segment grabbed more than one-third of the market share in 2017 and would maintain its revenue lead through forecast period. Commercial returns allow the supplier to resolve the mistake such as wrong product delivered, damaged product, and others, and enables a company to increase its revenue by executing effective reverse logistics process. Conversely, the end-of-life returns segment would grow at the highest CAGR of 7.05% during forecast period.
The market players have adopted several strategies including collaborations, joint ventures, partnerships, expansions, and others to obtain a strong position in the industry.
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Geographically, Asia Pacific is predicted to dominate the global reverse logistics market, followed by North America and Europe. Asia Pacific is projected to account for a major share of the reverse logistics market due to reverse supply chain for spare parts and manufacturing industry and rise in the number of manufacturing companies in China, India, Japan, Taiwan, and South Korea among others. Additionally, the reverse logistics market in Asia Pacific is expected to expand at a rapid pace due to the evolution of electric and battery driven vehicles and growing demand for reverse logistics in the automotive industry.
The report will help to decision maker and it provide a separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period. This report focuses on global reverse logistics status, future forecast, growth opportunity, key market and key players.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global reverse logistics market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global reverse logisticsmarket.
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Scope of Global Reverse Logistics Market
Global Reverse Logistics Market, By Return Type
• Commercial Returns
• Repairable Returns
• End-of-use Returns
• End-of-life Returns
Global Reverse Logistics Market, By End User
• Consumer Electronic
Global Reverse Logistics Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Reverse Logistics Market
• C.H. Robinson
• DB Schenker
• Deliveryontime Logistics Pvt. Ltd.
• FedEx Corporation
• Kintetsu World Express
• Reverse Logistics Company
• The Deutsche Post AG
• United Parcel Service
• YUSEN LOGISTICS CO LTD.
• Core Logistic Private Limited
• Safexpress Pvt. Ltd
MAJOR TOC OF THE REPORT
Chapter One: Reverse Logistics Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Reverse Logistics Market Competition, by Players
Chapter Four: Global Reverse Logistics Market Size by Regions
Chapter Five: North America Reverse Logistics Revenue by Countries
Chapter Six: Europe Reverse Logistics Revenue by Countries
Chapter Seven: Asia-Pacific Reverse Logistics Revenue by Countries
Chapter Eight: South America Reverse Logistics Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Reverse Logistics by Countries
Chapter Ten: Global Reverse Logistics Market Segment by Type
Chapter Eleven: Global Reverse Logistics Market Segment by Application
Chapter Twelve: Global Reverse Logistics Market Size Forecast (2019-2026)
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