Reverse Logistics Industry Size, Trends, and Business Outlook Report 2030
The global reverse logistics market size is projected to reach USD 1,450.17 billion by 2030, growing at a CAGR of 9.4% from 2023 to 2030, according to a new report by Grand View Research, Inc. One of the key factors contributing to the growth of the reverse logistics industry is the strict government regulations for product quality. One of the biggest threats faced by organizations is the risk associated with the quality of products. In addition to posing a serious threat to consumer safety, defective products can severely harm the organization's reputation and goodwill.
According to the National Retail Federation, 10% of overall online purchases were returned by customers in 2018 in the U.S. Over the past decade, the return of products has increased significantly. A purchase made online is returned three times more frequently than one purchased in a physical store due to digital problems, customer behaviors, and evolving business models exclusive to e-commerce. The increasing use of advanced technologies such as Automation, Robotics and Augmented Reality (A.R.A.R.) has enabled e-commerce companies to excel in efficiency and reachability.
Gather more insights about the market drivers, restrains and growth of the Global reverse logistics market
Reverse Logistics Market Report Highlights
- In terms of return type, the B2B returns and commercial returns segment is anticipated to hold the largest revenue share in the overall market by 2030, registering the fastest CAGR of 10.2% over the forecast period. This growth can be attributed to various factors that have influenced the dynamics of the industry. One of the primary drivers behind the rise in B2B returns is the increasing emphasis on sustainability and environmental responsibility
- In terms of service, the transportation segment dominated the market in 2022, gaining a revenue share of 45.76%. In the reverse logistics setting, transportation refers to the transport and distribution of returned or replaced merchandise
- In terms of the end-user industry, the retail & e-commerce segment dominated the overall market in 2022 attaining a revenue share of 49.91%. The segment has experienced significant growth within reverse logistics. This segment specifically focuses on managing product returns within the retail and e-commerce sectors
- In October 2022, Deutsche Post AG (DHL GROUP) supply chain introduced a fresh recovery management solution to decrease electronic waste. The new circular supply chain solution assisted businesses in facilitating adequate recycling, remanufacturing, or reusing of used electronic parts such as processors, touchscreens, computer modules, and technological assets
- The growth of retail & e-commerce in the reverse logistics industry has been significant over the years and continues to expand rapidly. With the increasing popularity of online shopping, customers have the convenience of purchasing products remotely. However, this has also led to a higher volume of product returns. As a result, retailers and e-commerce companies require robust reverse logistics processes to handle the influx of returned items effectively
- Key players in the market include United Parcel Service, Inc.; Deutsche Post AG; FedEx Corporation; CEVA Logistics; and DB SCHENKER (Deutsche Bahn AG)
Browse through Grand View Research's Automotive & Transportation Industry Research Reports.
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Reverse Logistics Market Segmentation
Grand View Research has segmented the global reverse logistics market based on return type, service, end-user industry, and region:
Reverse Logistics Return Type Outlook (Revenue, USD Billion, 2017 - 2030)
- Recall Returns
- B2B Returns and Commercial Returns
- Repairable Returns
- End of Use Returns
- End of Life Returns
Reverse Logistics Service Outlook (Revenue, USD Billion, 2017 - 2030)
- Transportation
- Warehousing
- Reselling
- Replacement Management
- Refund Management
- Others
Reverse Logistics End-user Industry Outlook (Revenue, USD Billion, 2017 - 2030)
- Retail & E-commerce
- Clothing
- Electronic Devices
- Footwear
- Home Décor
- Others
- Automotive
- Spare Parts
- Lubricants
- Vehicle Accessories
- Consumer Electronics
- Refrigerator
- Television
- Air-Conditioner
- Grinder
- Others
- Healthcare
- Medicine
- Personal Care Products
- Others
Reverse Logistics Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Order a free sample PDF of the Reverse Logistics Market Intelligence Study, published by Grand View Research.
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