North America Reverse Logistics Market to Witness Substantial Growth of USD 256,418.09 Million with Healthy CAGR of 5.2% by 2029

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

Table of Content: North America Reverse Logistics Market

Introduction
Market Segmentation
Executive Summary
Premium Insights
Market Overview
North America Reverse Logistics Market, By Return Types
North America Reverse Logistics Market, By Components
North America Reverse Logistics Market, By Service Type
North America Reverse Logistics Market, By End User
North America Reverse Logistics Market, Company Landscape
SWOT Analysis
Company Profile
Questionnaire
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://writeablog.net/fletchercam3/aerospace-and-life-sciences-tic-market-future-growth-opportunities-new

https://writeablog.net/fletchercam3/customer-data-platform-market-development-industry-trends-key-driven-factors

https://writeablog.net/fletchercam3/deep-sea-robot-market-analysis-by-regional-outlook-competitive-landscape

https://writeablog.net/fletchercam3/gaming-simulators-market-potential-growth-share-demand-and-analysis-of-key

https://writeablog.net/fletchercam3/gige-camera-market-growth-drivers-challenges-trends-and-industry-dynamics

https://writeablog.net/fletchercam3/haptic-touchscreen-market-top-manufactures-industry-size-growth-analysis-and

https://writeablog.net/fletchercam3/insuretech-market-trends-by-key-players-end-user-demand-analysis-growth-and

https://writeablog.net/fletchercam3/next-generation-data-storage-market-size-key-trends-challenges-top

https://writeablog.net/fletchercam3/smart-indoor-gardening-system-market-in-depth-analysis-size-trends-growth

https://writeablog.net/fletchercam3/virtual-infrastructure-manager-market-size-share-demand-manufacturers-and

https://postheaven.net/industryinsightsnews/aerospace-and-life-sciences-tic-market-industry-analysis-size-share-trends

https://postheaven.net/industryinsightsnews/customer-data-platform-market-industry-insights-upcoming-trends-and-forecast

https://postheaven.net/industryinsightsnews/deep-sea-robot-market-report-top-players-countries-type-and-application

https://postheaven.net/industryinsightsnews/gaming-simulators-market-by-product-application-manufacturer-sales-and

https://postheaven.net/industryinsightsnews/gige-camera-market-industry-size-trends-growth-insights-and-forecast-2029

https://postheaven.net/industryinsightsnews/haptic-touchscreen-market-size-trends-growth-opportunities-analysis-and

https://postheaven.net/industryinsightsnews/insuretech-market-analysis-by-industry-trends-size-share-company-overview

https://postheaven.net/industryinsightsnews/next-generation-data-storage-market-global-industry-sales-revenue-current

https://postheaven.net/industryinsightsnews/smart-indoor-gardening-system-market-outlook-growth-by-top-companies-drivers

https://postheaven.net/industryinsightsnews/virtual-infrastructure-manager-market-analysis-trends-top-manufacturers

https://zenwriting.net/fletchercam3/aerospace-and-life-sciences-tic-market-outlook-development-factors-latest

https://zenwriting.net/fletchercam3/customer-data-platform-market-2029-top-companies-trends-growth-factors

https://zenwriting.net/fletchercam3/deep-sea-robot-market-latest-trends-growth-size-application-and-forecast-2029

https://zenwriting.net/fletchercam3/gaming-simulators-market-share-application-analysis-regional-outlook

https://zenwriting.net/fletchercam3/gige-camera-market-trends-analysis-top-manufacturers-shares-growth

https://zenwriting.net/fletchercam3/haptic-touchscreen-market-details-analysis-focusing-on-application-types-and

https://zenwriting.net/fletchercam3/insuretech-market-size-share-trends-growth-competitive-strategies-and

https://zenwriting.net/fletchercam3/next-generation-data-storage-market-global-sales-revenue-price-and-gross

https://zenwriting.net/fletchercam3/smart-indoor-gardening-system-market-incredible-possibilities-growth-with

https://zenwriting.net/8nwfzgti7r

https://www.diigo.com/item/note/9vs83/rxtg?k=6873cdeca49e25d24efaa0ef4ec6e080

https://www.diigo.com/item/note/9vs83/kn3g?k=3413e03292728e48f379b4a1f32b8061

https://www.diigo.com/item/note/9vs83/eynh?k=54c74d3d923389ff6ba3405547b94ecb

https://www.diigo.com/item/note/9vs83/dhwr?k=e2ce099168060493035ad4473295778e

https://www.diigo.com/item/note/9vs83/7e04?k=6d520cf3660bb7b3b29ebe701654edb8

https://www.diigo.com/item/note/9vs83/aikp?k=f163c3ccea46f85679e06b3c757ddcbf

https://www.diigo.com/item/note/9vs83/648x?k=b36b397da890cb1b2100678f75b2b393

https://www.diigo.com/item/note/9vs83/mup8?k=23447ea7d6896ed35d46906da7fd4b24

https://www.diigo.com/item/note/9vs83/4op6?k=ca6d0a96622109f92fd1910ffc5a0b75

Contact:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
corporatesales@databridgemarketresearch.com

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.

This release was published on openPR.