North America Reverse Logistics Market to Exhibit a Remarkable CAGR of 5.2% by 2029, Size, Share, Rising Trends and Opportunity Analysis

PRESS RELEASE
Published August 21, 2023

The market insights and market analysis about this industry made available in the steadfast North America Reverse Logistics Market research report are rooted upon SWOT analysis on which businesses can depend confidently. This market study underlines the moves of key market players like product launches, joint ventures, developments, mergers, and acquisitions which is affecting the market and this industry as a whole and also affecting the sales, import, export, revenue and CAGR values. The consistent and extensive market information of This report will definitely help grow business and improve return on investment (ROI). This business report provides an actionable market insight to the clients with which they can create sustainable and profitable business strategies.

North America Reverse Logistics Market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.2% in the forecast period of 2022 to 2029 and is expected to reach USD 256,418.09 million by 2029. Increased adoption of smartphones and online shopping is expected to drive the market’s growth.

The major factors driving the growth of the reverse logistics market are rising growth in cross-border trades, globalization, and rapid growth in the e-commerce sector. However, the high cost associated with reverse logistics may act as a major restraint for the reverse logistics market. The growing inclination towards digitization of the sector is creating opportunities for the growth of the market. On the other hand, inadequate labor resources to handle returns may act as a major challenge for the market’s growth.

Get a Sample PDF of North America Reverse Logistics Market Research Report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=north-america-reverse-logistics-market

North America Reverse Logistics Market Analysis:

North America reverse logistics market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.

Key players operating in the North America Reverse Logistics market include:

  • FedEx
  • United Parcel Service of America, Inc.
  • Deutsche Post DHL Group
  • H. Robinson Worldwide, Inc.
  • XPO Logistics, Inc
  • Kintetsu World Express, Inc.
  • Core Logistic Private Limited
  • DGS Translogistics India Pvt. Ltd.
  • IBM Corporation
  • Indev Group of companies
  • LogiNext Solutions Inc
  • NFI Industries
  • Optoro, Inc.
  • Reverse Logistics Group
  • ReverseLogix
  • Safexpress Pvt. Ltd.
  • Schenker AG
  • ShipWizard
  • Woodfield Distribution, LLC
  • YUSEN LOGISTICS CO., LTD.

Recent Development:

  • In January 2022, FedEx launched its logistics-as-a-service solution in collaboration with Microsoft. The main objective of this service launch was to strengthen the company’s logistic capabilities. Through this company ensured innovation in logistics to keep pace with growth in technology
  • In January 2021, Schenker AG was awarded a contract by Hong Kong Science and Technology Parks Corporation (HKSTP) for a period of 10 years. Under this contract, DB Schenker will support the development of Asia’s first of its kind advanced manufacturing facility equipped with automated and smart logistics solutions. This has enabled them to expand their global presence as well as mark themselves as logistics leaders

To Gain More Insights into the Market Analysis, Browse Summary of the North America Reverse Logistics Market Report@ https://www.databridgemarketresearch.com/reports/north-america-reverse-logistics-market

North America Reverse Logistics Market Scope and Size:

North America reverse logistics market is segmented on the basis of the return type, components, service type, and end-user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of the return type, the North America reverse logistics market is segmented into returns, returns avoidance, remanufacturing, refurbishing, packaging, unsold goods, end-of-life, delivery failure, rentals & leasing, repairs & maintenance, and others. In 2022, the returns segment is expected to hold a larger share in the reverse logistics market as a return is the initial and crucial step of reverse logistics. Moreover, returns in reverse logistics improve customer service as well as help to boost profits by repurposing products that are returned which are contributing to the growth of the segment in the market.
  • On the basis of components, the North America reverse logistics market is segmented into return policy and procedure (RPP), remanufacturing or refurbishment (ROR), and waste disposal (WAD). In 2022, the return policy and procedure (RPP) segment is expected to hold a larger share in the reverse logistics market as the return policy and procedure cover the aspects for handling returns. Returns policy and procedure can boost brand loyalty and improve customer retention for businesses.
  • On the basis of service type, the North America reverse logistics market is segmented into transportation, warehousing, reselling, replacement management, refund management authorization, others. In 2022, the transportation segment is expected to hold a larger share in the reverse logistics market transportation is the key element of any logistics supply chain system. Transportation is crucial and integral to reverse logistics from returns to reselling, which contributes to the growth of the segment in the North America reverse logistics market.
  • On the basis of end-user, the North America reverse logistics market is segmented into textile and garments, E-commerce, automotive, pharmaceutical, consumer electronics, retail, luxury goods, reusable packaging, others. In 2022, the E-commerce segment is expected to hold a larger share in the reverse logistics market as the E-commerce industry has been growing exponentially in recent years, which also increases the number of returns worldwide. Moreover, the E-commerce industry has the highest rate of return around the globe, which contributes to the growth of the segment in the North America reverse logistics market.

North America Reverse Logistics Market Country Level Analysis

The U.S. is expected to dominate North America reverse logistics market due to factors such as the strong presence of providers and the growing adoption of technological innovations in the logistics business. Moreover, the increasing adoption of reverse logistics due to increasing return rates in the e-commerce sector acts as a market driver.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North American brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.

Inquire Before Buying This Research Report@ https://www.databridgemarketresearch.com/inquire-before-buying/?dbmr=north-america-reverse-logistics-market

The report encompasses a wide range of insightful pointers, providing you with a comprehensive understanding of this market. Here is a more informative breakdown of the key areas covered:

  • Market Penetration Analysis: Gain a comprehensive understanding of the top players in this market by exploring their product portfolios in detail. This analysis provides valuable insights into the range of products offered by these industry leaders, enabling you to assess their market presence and competitive advantages.
  • Product Development and Innovation Insights: Stay abreast of the latest advancements in this market through detailed insights on upcoming technologies, research and development (R&D) activities, and product launches. This information allows you to identify innovative solutions, assess market trends, and anticipate the direction of the industry.
  • Competitive Assessment: Delve deep into the strategies employed by the leading players in this market, evaluating their geographic presence and business segments. This assessment offers a comprehensive understanding of the competitive landscape, enabling you to benchmark your own strategies against industry leaders and identify areas for improvement.
  • Market Development Analysis: Explore the potential of emerging markets with comprehensive information and analysis. This report analyzes various market segments across different geographies, providing you with valuable insights into the growth opportunities available in specific regions and helping you tailor your expansion strategies accordingly.
  • Market Diversification Opportunities: Uncover untapped geographies, new product offerings, recent developments, and investments in this market. This exhaustive information enables you to identify potential areas of diversification, strategically expand your market reach, and seize new opportunities for growth.

By leveraging the insights provided in this report, you will be equipped with a comprehensive understanding of this market landscape, empowering you to make informed decisions, drive innovation, assess competitors, identify market gaps, and strategically position your business for success.

Table of Content: North America Reverse Logistics Market

  1. Introduction
  2. Market Segmentation
  3. Executive Summary
  4. Premium Insights
  5. Market Overview
  6. North America Reverse Logistics Market, By Return Types
  7. North America Reverse Logistics Market, By Components
  8. North America Reverse Logistics Market, By Service Type
  9. North America Reverse Logistics Market, By End User
  10. North America Reverse Logistics Market, Company Landscape
  11. SWOT Analysis
  12. Company Profile
  13. Questionnaire
  14. Related Reports

New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=north-america-reverse-logistics-market

Browse Related Reports:

https://www.databridgemarketresearch.com/reports/global-reverse-logistics-market

https://www.databridgemarketresearch.com/reports/europe-reverse-logistics-market

https://www.databridgemarketresearch.com/reports/asia-pacific-reverse-logistics-market

https://www.databridgemarketresearch.com/reports/middle-east-and-africa-reverse-logistics-market

About Data Bridge Market Research, Private Ltd

Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expands their reach by opening a new office in Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe.

Contact Us

US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – corporatesales@databridgemarketresearch.com

CDN Newswire