Reverse Logistics Market 2023 Driving Factors Forecast Research 2029

Reverse logistics market is anticipated to grow at a CAGR of 8.0% during the forecast period. The growing number of companies offering replacements and product warranty's for their products in a bid to provide more customer-friendly services is anticipated to propel the demand for the market. Various companies such as Philips, Amaron batteries, Exide batteries, Haier and others are offering warranty programs which has increased the demand for reverse logistic. Recently, in January 2023, Voltas launched an extended warranty program Pan-India with OneDios. This extended warranty plan guarantees authentic Volta's services and spare parts at the lowest prices. The increased number of warranty days gives extra time for the consumer to make replacement orders, which further boosts the demand for reverse logistics.

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The global reverse logistics market is segmented based on the return type, end-user, and service. Based on the return type, the market is segmented into recalls, commercial returns, repairable returns, end-of-use returns, and end-of-life returns. Based on end-user, the market is segmented into e-commerce, retail, automotive, consumer electronics, pharmaceutical, and others. Based on the service, the market is further sub-segmented into transportation, warehousing, reselling, replacement management, refund management authorization, and others. Among the end-user, The e-commerce sub-segment is expected to hold the largest share of the market. The increasing inclination of users towards online shopping, along with its increased usage and adoption, is driving segment growth.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Reverse Logistics Market by Return Type
o Recalls
o Commercial Returns
o Repairable Returns
o End-of-use Returns
o End of life Return

Global Reverse Logistics Market by End-User
o E-Commerce
o Retail
o Automotive
o Consumer Electronics
o Pharmaceutical
o Other (Luxury goods)

Global Reverse Logistics Market by Service
o Transportation
o Warehousing
o Reselling
o Replacement Management
o Refund Management Authorization
o Others (Packaging, Refurbishment of Goods)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Bowman Logistics
o CCR Logistics Systems AG
o C.H. Robinson Worldwide Inc.
o Core Logistic Pvt. Ltd.
o DB Schenker (DB Group)
o Deutsche Post AG
o GEFCO
o Happy Returns Inc.
o Kintetsu World Express, Inc.
o Optoro
o PayPal Holdings, Inc.
o RLG Systems AG
o Safexpress Pvt. Ltd.
o ShipBob, Inc.
o ShipWizard
o Yusen Logistics Co., Ltd.
o Zipline Logistics

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global reverse logistics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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