Reverse Logistics Market By Return Type (Recalls, Commercial Returns, Repairable Returns, End-of-Use Returns, and End-of-Life Returns), By End-User (e-Commerce, Automotive, Pharmaceuticals, Consumer Electronics, Clothing and Others), By Cost Incurred (Manufacturer, Distributor and Retailer) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

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, growth of e-commerce industry and rising product recalls in 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. Growth of blockchain technology in logistics industry also plays major role in the growth of reverse logistics market. As a result of these factors, we are expecting substantial growth in global reverse logistics market during the forecast period. 

Market Synopsis

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E-Commerce to be the fastest growing segment

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 the global e-commerce sales. E-commerce consumers return the products due to wrong/damaged product received, quality issue, incorrect size and others. Ease of access to e-commerce and convenient product return process are the major growth factors for the segment. Therefore, we expect that the e-commerce segment will be the fastest growing segment in the global reverse logistics market.

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Asia Pacific to Continue its Dominance

In 2018, Asia Pacific was the largest contributor in the global reverse logistics market followed by North America and Europe respectively. Asia Pacific accounts for above 30% of the market share in the same year. Penetration of e-commerce industry, growth of manufacturing industry, and urbanization among others are the major growth factors for the region. Emerging economies such as China and India will be the key contributor in growth of the region owing to increase in smartphone penetration and consumer’s inclination towards online shopping. As a consequence of aforementioned factors, we expect that the Asia Pacific region will continue its dominance during the forecast period.

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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. Compounded Annual Growth Rate (CAGR) for each respective segments 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. The report provides a holistic view of global reverse logistics market based on return type, end-user, cost incurred and geography. Key segments covered in the report are as follows: 

Key questions answered in this report

• What was the market size of reverse logistics in 2018 and forecast up to 2027?
• Which is the largest regional market by revenue for reverse logistics?
• What are the major trends followed in overall reverse logistics across different regions?
• What are the key market trends and high-growth opportunities observed in the reverse logistics market?
• What are the drivers of the reverse logistics market?
• Who are the key reverse logistics companies leading the market?
• What are the key strategies adopted by the leading reverse logistics companies in market? 

Unique data points of this report

• Statistics on 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)