E-Commerce Penetration Worldwide to Boost the Demand for Reverse Logistics
The reverse logistics market worldwide is expected to grow with a CAGR of 5.90% during the forecast period from 2019 to 2027, starting from US$ 967.89 Bn in 2018. Government regulations for e-waste, the growth of the e-commerce industry, and rising product recall in the pharmaceutical and healthcare industry worldwide are the major growth factors for the global reverse logistics market. The process of transporting products from the point of consumption to the point of origin for reuse, repair, refurbishment, and others is known as reverse logistics. In addition, the growth of blockchain technology in the logistics industry also plays a major role in the growth of the reverse logistics market. As a result of these factors, we are expecting substantial growth in the global reverse logistics market during the forecast period.
Market Synopsis
E-Commerce to be the fastest growing segment
The E-commerce industry segment will be the fastest growing segment during the forecast period owing to continually growing e-commerce penetration worldwide. In 2018, there were more than 1.92 Bn e-commerce users globally. The return rate of e-commerce products is around 25% of global e-commerce sales. E-commerce consumers return the products due to wrong/damaged products received quality issues, incorrect size, and others. Ease of access to e-commerce and convenient product return process is the major growth factor for the segment. Therefore, we expect the e-commerce segment to be the fastest growing segment in the global reverse logistics market.
The Asia Pacific to Continue its Dominance
In 2018, Asia Pacific was the largest contributor to the global reverse logistics market, followed by North America and Europe. The Asia Pacific accounts for above 30% of the market share in the same year. Penetration of the e-commerce industry, growth of the manufacturing industry, and urbanization, among others, are the major growth factors for the region. In addition, emerging economies such as China and India will be the key contributor to the growth of the region owing to the increase in smartphone penetration and consumers’ inclination toward online shopping. As a consequence of the aforementioned factors, we expect the Asia Pacific region to continue its dominance during the forecast period.
Some of the prominent players operating in the reverse logistics market include Cycleon Netherlands B.V., C.H. Robinson, DB Schenker, FedEx Corporation, Kintetsu World Express, Inc., Reverse Logistics Company, The Deutsche Post AG, United Parcel Service, Yusen Logistics Co., Ltd., Cycleon Netherlands B.V., CEVA Logistic, and others.
Historical & Forecast Period
This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.
Report Scope by Segments
The reverse logistics market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global reverse logistics market based on return type, end-user, cost incurred, and geography. Key segments covered in the report are as follows:
Segmentation Return Type Segment (2019–2027; US$ Bn)
Recalls
Commercial Returns
Repairable Returns
End-of-Use Returns
End-of-Life Returns
End-User Type Segment (2019–2027; US$ Bn)
e-Commerce
Automotive
Pharmaceuticals
Consumer Electronics
Clothing
Others (Food & Beverage, Beauty & Personal Care, etc.)
Cost Incurred Segment (2019–2027; US$ Bn)
Manufacturer
Distributor
Retailer
Geography Segment (2019–2027; US$ Bn)
North America (U.S. and Rest of North America)
Europe (U.K., Germany, France, and Rest of Europe)
Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
Rest of World (Middle East & Africa (MEA), Latin America)
Unique data points of this report
Statistics on the logistics industry worldwide
Recent trends across different regions in terms of adoption of reverse logistics
Notable developments going on in the reverse logistics industry
Attractive investment proposition for reverse logistics segment as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)
Frequently asked questions :
The market for Reverse Logistics Market is expected to reach US$ XX Bn in 2027.
The Reverse Logistics Market is expected to see significant CAGR growth over the coming years, at 5.90%.
The report is forecasted from 2019-2027.
The base year of this report is 2018.
Cycleon Netherlands B.V., C.H. Robinson, DB Schenker, FedEx Corporation, Kintetsu World Express, Inc. are some of the major players in the global market.
