Reverse Logistics Market to Grasp Outstanding CAGR of 5.3% by 2029, Trends, Opportunities, Key Drivers and Growth Prospectus

PRESS RELEASE
Published July 21, 2023

Data Bridge Market research has recently released expansive research titled “Reverse Logistics Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases surviving and success in the market. To uncover general market conditions and tendencies, the Reverse Logistics market research report acts as a perfect source. The report helps in developing a successful marketing strategy for the business. This market research report is a proven source of information that offers a telescopic view of the current market trends, situations, opportunities, and status. This industry report has strategically analyzed market research analysis and perceptive business insights into the relevant markets of clients. In the large-scale Reverse Logistics market report, a thorough SWOT analysis & investment analysis is provided which forecasts imminent opportunities for the market players.

The 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 5.3% in the forecast period of 2022 to 2029 and is expected to reach USD 954,500.37 million by 2029. Increased adoption of smartphones and online shopping is expected to drive the market’s growth.

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Reverse Logistics Market Analysis:

This 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.

Top Leading Key Players of Reverse Logistics Market:

  • 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 in 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 global logistics leaders

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Global Reverse Logistics Market Segmentations:

  • On the basis of the return type, the global 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 owing to factors such as rapid growth in online platforms and the e-commerce sector, which has boosted the demand for various types of consumer products. According to stats, one out of three online products are returned. This is hoisting the segment growth as the returns need to be managed in a proper way.
  • On the basis of components, the global 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 owing to factors such as rapid growth in the e-commerce sector, which has boosted the demand for consumer products which in fact has increased the returns of the product if not convenient for the consumer. Return policy and procedure are followed by the reverse logistics providers.
  • On the basis of service type, the global 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 due to factors such as the penetration of the e-commerce sector has boosted the demand for consumer products that need to be transported to its consumer. Transportation facility is an important aspect in reverse logistics as it ensures safe delivery of products upon a time.
  • On the basis of end-user, the global 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 due to growing demand among consumers for quality products such as consumer electronics, auto parts, and pharma product deliveries over fast, fast-growing online platforms such as e-commerce, ensuring quality.

Reverse Logistics Market Country Level Analysis

The countries covered in the global reverse logistics market report are the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.

The country section of the reverse logistics market report also provides individual market impacting factors and changes in regulation in the market domestically 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 analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global 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.

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Core Objective of the Reverse Logistics Market:

Every firm in the Reverse Logistics Industry has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

  • Size of the Reverse Logistics Market and growth rate factors.
  • Important changes in the future Reverse Logistics Market.
  • Top worldwide competitors of the Market.
  • Scope and product outlook of Reverse Logistics Market.
  • Developing regions with potential growth in the future.
  • Tough Challenges and risk faced in the Market.
  • Global Reverse Logistics top manufacturers profile and sales statistics.

Table of Content

  1. Introduction
  2. Executive Summary
  3. Premium Insights
  4. Market Overview
  5. Global Reverse Logistics Market, By Segmentations
  6. Global Reverse Logistics Market, By Region
  7. Global Reverse Logistics Market, Company Landscape
  8. SWOT Analysis
  9. Company Profile
  10. Questionnaire
  11. Related Reports

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

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

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

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

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