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Reverse Logistics Market Report by Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-Use Returns, End of life Returns), Service (Transportation, Warehousing, Reselling, Replacement Management, Refund Management Authorization, and Others), End User (E-Commerce, Automotive, Pharmaceutical, Consumer Electronic, Retail, Luxury Goods, Reusable Packaging), and Region 2024-2032
Market Report I 2024-03-02 I 142 Pages I IMARC Group
The global reverse logistics market size reached US$ 646.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,008.4 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.
Reverse logistics is an integral part of circular economy referring to a supply chain management that transports goods from customers back to the manufacturers or sellers. It includes recycling, refurbishment, reselling of restocked items, and reclamation of raw materials. The process of reverse logistics also consists of the sale and management of returned and surplus machines and equipment. There are different steps involved in reverse logistics, which include processing the returns, dealing with returns, and maintaining the movement of returns, repair, and recycle. It helps to maintain an efficient flow of goods, create value, complete the product life cycle, reduce costs, and decrease risks. Reverse logistics also offers greater customer satisfaction, improved band image, enhanced sustainability, reduction of waste, and faster and better service.
Reverse Logistics Market Trends:
A rapid expansion in the ecommerce sector has led to the rise in the overall volume of returns and replacement items, which has escalated the demand for an efficient reverse logistics service. This is primarily driving the global reverse logistics market growth. Other than ecommerce, these systems play an important part in the pharmaceuticals, electrical, and automotive industries, which is further fueling the market growth. Besides this, rapid industrialization and increasing development of manufacturing industries across emerging economies, such as Asia Pacific and South America, are contributing to the growth of the market. Moreover, leading players are consistently investing in the improvement of supply chain management processes, which is creating a positive outlook for the market across the globe. The rise in the adoption of internet of things (IoT)-enabled connected devices is acting as another major growth-inducing factor.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global reverse logistics market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on return type, service and end user.
Breakup by Return Type:
Recalls
Commercial Returns
Repairable Returns
End-of-Use Returns
End of life Returns
Breakup by Service:
Transportation
Warehousing
Reselling
Replacement Management
Refund Management Authorization
Others
Breakup by End User:
E-Commerce
Automotive
Pharmaceutical
Consumer Electronic
Retail
Luxury Goods
Reusable Packaging
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being C.H. Robinson Worldwide Inc., Core Logistic Private Limited, Deutsche Post AG, Fedex Corporation, Happy Returns Inc. (PayPal Holdings Inc.), Kintetsu World Express Inc. (Kintetsu Group Holdings), Optoro Inc., Pitney Bowes Inc., Reverse Logistics Group, Safexpress Pvt Ltd, United Parcel Service Inc. and Yusen Logistics Co. Ltd. (Nippon Ysen Kabushiki Kaisha).
Key Questions Answered in This Report
1. What was the size of the global reverse logistics market in 2023?
2. What is the expected growth rate of the global reverse logistics market during 2024-2032?
3. What are the key factors driving the global reverse logistics market?
4. What has been the impact of COVID-19 on the global reverse logistics market?
5. What is the breakup of the global reverse logistics market based on the return type?
6. What is the breakup of the global reverse logistics market based on the end user?
7. What are the key regions in the global reverse logistics market?
8. Who are the key players/companies in the global reverse logistics market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Reverse Logistics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Return Type
6.1 Recalls
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Commercial Returns
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Repairable Returns
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 End-of-Use Returns
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 End of life Returns
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Service
7.1 Transportation
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Warehousing
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Reselling
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Replacement Management
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Refund Management Authorization
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End User
8.1 E-Commerce
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Pharmaceutical
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Consumer Electronic
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Retail
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Luxury Goods
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Reusable Packaging
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 C.H. Robinson Worldwide Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Core Logistic Private Limited
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Deutsche Post AG
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Fedex Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Happy Returns Inc. (PayPal Holdings Inc.)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Kintetsu World Express Inc. (Kintetsu Group Holdings)
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Optoro Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Pitney Bowes Inc.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Reverse Logistics Group
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Safexpress Pvt Ltd
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 United Parcel Service Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Yusen Logistics Co. Ltd. (Nippon Ysen Kabushiki Kaisha)
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
Figure 1: Global: Reverse Logistics Market: Major Drivers and Challenges
Figure 2: Global: Reverse Logistics Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Reverse Logistics Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Reverse Logistics Market: Breakup by Return Type (in %), 2023
Figure 5: Global: Reverse Logistics Market: Breakup by Service (in %), 2023
Figure 6: Global: Reverse Logistics Market: Breakup by End User (in %), 2023
Figure 7: Global: Reverse Logistics Market: Breakup by Region (in %), 2023
Figure 8: Global: Reverse Logistics (Recalls) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Reverse Logistics (Recalls) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Reverse Logistics (Commercial Returns) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Reverse Logistics (Commercial Returns) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Reverse Logistics (Repairable Returns) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Reverse Logistics (Repairable Returns) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Reverse Logistics (End-of-Use Returns) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Reverse Logistics (End-of-Use Returns) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Reverse Logistics (End of life Returns) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Reverse Logistics (End of life Returns) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Reverse Logistics (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Reverse Logistics (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Reverse Logistics (Warehousing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Reverse Logistics (Warehousing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Reverse Logistics (Reselling) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Reverse Logistics (Reselling) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Reverse Logistics (Replacement Management) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Reverse Logistics (Replacement Management) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Reverse Logistics (Refund Management Authorization) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Reverse Logistics (Refund Management Authorization) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Reverse Logistics (Other Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Reverse Logistics (Other Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Reverse Logistics (E-Commerce) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Reverse Logistics (E-Commerce) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Reverse Logistics (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Reverse Logistics (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Reverse Logistics (Pharmaceutical) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Reverse Logistics (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Reverse Logistics (Consumer Electronic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Reverse Logistics (Consumer Electronic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Reverse Logistics (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Reverse Logistics (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Reverse Logistics (Luxury Goods) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Reverse Logistics (Luxury Goods) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Reverse Logistics (Reusable Packaging) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Reverse Logistics (Reusable Packaging) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: North America: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: North America: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: United States: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: United States: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Canada: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Canada: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Asia-Pacific: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Asia-Pacific: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: China: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: China: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Japan: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Japan: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: India: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: India: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: South Korea: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: South Korea: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Australia: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Australia: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Indonesia: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Indonesia: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Others: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Others: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Europe: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Europe: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Germany: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Germany: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: France: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: France: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: United Kingdom: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: United Kingdom: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Italy: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Italy: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Spain: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Spain: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Russia: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Russia: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Others: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Others: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Latin America: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Latin America: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Brazil: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Brazil: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Mexico: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Mexico: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Others: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Others: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Middle East and Africa: Reverse Logistics Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Middle East and Africa: Reverse Logistics Market: Breakup by Country (in %), 2023
Figure 92: Middle East and Africa: Reverse Logistics Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 93: Global: Reverse Logistics Industry: SWOT Analysis
Figure 94: Global: Reverse Logistics Industry: Value Chain Analysis
Figure 95: Global: Reverse Logistics Industry: Porter's Five Forces Analysis
Table 1: Global: Reverse Logistics Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Reverse Logistics Market Forecast: Breakup by Return Type (in Million US$), 2024-2032
Table 3: Global: Reverse Logistics Market Forecast: Breakup by Service (in Million US$), 2024-2032
Table 4: Global: Reverse Logistics Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Reverse Logistics Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Reverse Logistics Market: Competitive Structure
Table 7: Global: Reverse Logistics Market: Key Players
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