GLOBAL REVERSE LOGISTICS MARKET FORECAST 2019-2027

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GLOBAL REVERSE LOGISTICS MARKET FORECAST 2019-2027

Consumers or End-users of a product return the product for various reasons such as a defect in the product, incorrect delivery of the product, end-of-use returns and end-of-life returns. Reverse logistics deals with the logistics of these products. Thus, reverse logistics refers to all the activities that are involved in transporting goods from the point of consumption to the point of origin (includes manufacturers or distributors). The main objective of reverse logistics is to capture as much value as possible from the returned product. The market is anticipated to grow with a CAGR of 4.48%. The market will rise to expected revenue of about $657.66 million by 2027. The base year considered for the study is 2018, and the estimated period is between 2019 and 2027.

GLOBAL REVERSE LOGISTICS MARKET FORECAST 2019-2027

Global Reverse Logistics Market by Return Type (Recalls, Commercial Returns, Repairable Returns, End of Use Returns, End of Life Returns) by End-user (E-commerce, Automotive, Pharmaceutical, Consumer Electronic, Others) by Geography.

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Consumers or End-users of a product return the product for various reasons such as a defect in the product, incorrect delivery of the product, end-of-use returns and end-of-life returns. Reverse logistics deals with the logistics of these products. Thus, reverse logistics refers to all the activities that are involved in transporting goods from the point of consumption to the point of origin (includes manufacturers or distributors). The main objective of reverse logistics is to capture as much value as possible from the returned product. The market is anticipated to grow with a CAGR of 4.48%. The market will rise to expected revenue of about $657.66 million by 2027. The base year considered for the study is 2018, and the estimated period is between 2019 and 2027. The growth of this market is driven by the following factors:

  • Growth in the e-Commerce industry
  • Strict government regulations for product quality in the automotive industry
  • Need for reverse logistics in the pharmaceutical market

The most important driver is growth in the e-Commerce industry. The advancement and widespread use of technology is causing the e-Commerce sector to be efficient and reachable. Banks and other players providing solutions to the e-Commerce market are helping it by providing a secured online platform for payments. Also, the rising disposable income, the widespread use of the Internet and high smartphones penetration is causing the e-Commerce industry market to grow. The key players in the e-Commerce market are Amazon and Alibaba, who have shown strong growth. In addition to this, homegrown players are attracting investments. Market players are distinguishing themselves by providing niche product offering along with innovative services.

In 2018, Reverse Logistics by e-Commerce accounted for the largest revenue share of 23.56% of the market by End-User segment. The global e-Commerce logistics market is growing. However, the product recalls are more evident in e-Commerce End-User segment. The recalls are mainly due to product not as per customer’s satisfaction, damaged product, exchange offers for old products with new, etc. Reverse logistics operations are very crucial in this segment. The cost incurred because of returns takes up 5% to 6% of the overall revenue. Moreover, many e-Commerce companies have a high percentage of goods that are returned. For instance, the return rate for Amazon is 8% to 16%. This is a key challenge for the progression of the global e-Commerce logistics market. It is also anticipated to be the fastest-growing segment.

The market growth is restrained by problems such as unpredictability in forecasting & increased adoption of quality control by companies. The most important restraint is the unpredictability in forecasting demand. Businesses plan their operations and logistics strategies according to demand in the market. The demand forecasting is done according to various factors, which are specific to that particular business. The demand forecasts can be drawn by insights from the sales team, past trends, economic factors, etc. However, as reverse logistics is a relatively new field of study, the demand forecasting seems difficult, making the planning of the operations a bit challenging.

The report on global reverse logistics includes segmentation on the basis of Return Type and End-User.

Return type is sub segmented into:

  • Recalls
  • Commercial returns
  • Repairable returns
  • End-of-use returns
  • End-of-life returns

End-User is sub segmented into:

  • E-Commerce
  • Automotive
  • Pharmaceutical
  • Consumer Electronics
  • Others

Geographically, the global reverse logistics market has been segmented on the basis of four major regions, which includes:

The largest, as well as the fastest market for reverse logistics, belongs to the Asia Pacific region. The boom in the e-Commerce industry and the formation of joint ventures by leading logistics companies for movement of the automobile is anticipated to propel the market in Asia-Pacific. In addition, incorporation of specialized return management companies is expected to boost the reverse logistics market in this region. Improved customer loyalty due to the proprietary returns management system and increase in need of reverse logistics specialists for the retail companies in this region are expected to drive the reverse logistics market in Asia-Pacific. The fastest-growing market in the Asia Pacific is that of India. India has over 400 million Internet user database. And there is unprecedented growth of e-Commerce in India. This growing e-Commerce market in India is driving the Indian reverse logistics market.

The global reverse logistics market is segmented into the market by return type & end-user. The market by return type is further sub-segmented into recalls, commercial returns, repairable returns, end-of-use returns & end-of-life returns. The market by the end-user is further sub segmented into e-Commerce, automotive, pharmaceutical, consumer electronics, and others.

The major market players of the Global Reverse Logistics market are:

  • C.H. Robinson
  • DHL
  • Safexpress Pvt. Ltd
  • Delcart
  • FedEx Corporation
  • Reverse Logistics Company
  • Others

Company profiles section covers the analysis of important players. These companies are using organic and inorganic strategies for growth. For instance, in May 2019, H. Robinson acquired Dema Service S.p.A. In September 2018, Deutsche Bahn and Siemens Mobility entered into a collaboration to innovate rail and transport technology. In May 2019, regular fully automated and intelligent urban drone delivery service was launched DHL express launched to enable speedy delivery.

Key findings of the global reverse logistics market are

  • The losses due to time delays represent a significant opportunity for asset recovery.
  • The forward and reverse logistics have many key differences. Hence, they need to be taken into consideration to plan strategies.
  • There were many product recalls by major companies which affected their business greatly.

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • TIME VALUE OF PRODUCT RETURNS PLAY AN IMPORTANT ROLE IN REVERSE LOGISTICS
      • KEY DIFFERENCES BETWEEN FORWARD AND REVERSE LOGISTICS
      • LIST OF MAJOR PRODUCT RECALLS
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • GROWTH IN THE E-COMMERCE INDUSTRY
      • STRICT GOVERNMENT REGULATIONS FOR PRODUCT QUALITY IN AUTOMOTIVE INDUSTRY
      • NEED FOR REVERSE LOGISTICS IN PHARMACEUTICAL MARKET
    • MARKET RESTRAINTS
      • UNPREDICTABLE FORECASTING DISRUPTS DEMAND MANAGEMENT
    • MARKET OPPORTUNITIES
      • ADOPTION OF BLOCKCHAIN TECHNOLOGIES
      • GROWTH IN E-WASTE
    • MARKET CHALLENGES
      • INCREASED ADOPTION OF QUALITY CONTROL BY COMPANIES
  1. MARKET BY RETURN TYPE
    • RECALLS
    • COMMERCIAL RETURNS
    • REPAIRABLE RETURNS
    • END OF USE RETURNS
    • END OF LIFE RETURNS
  2. MARKET BY END-USER
    • E-COMMERCE
    • AUTOMOTIVE
    • PHARMACEUTICAL
    • CONSUMER ELECTRONIC
    • OTHERS
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • QUALITY SERVICE
      • TECHNOLOGY
      • COST
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
    • VALUE CHAIN ANALYSIS
      • RETRIEVAL
      • TRANSPORTATION
      • DISPOSITION
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • A2B FULFILLMENT
    • AMERICAN DISTRIBUTION INC.
    • C.H. ROBINSON WORLDWIDE INC.
    • CORE LOGISTIC PRIVATE LIMITED
    • DB SCHENKER
    • DELCART
    • DHL
    • EXCELSIOR INTEGRATED LLC
    • FEDEX CORPORATION
    • FW LOGISTICS
    • HAPPY RETURNS INC.
    • KINTETSU WORLD EXPRESS (I) PVT. LTD.
    • NEWGISTICS INC.
    • OPTORO
    • REVERSE LOGISTICS COMPANY
    • SAFEXPRESS PVT. LTD.
    • UNITED PARCEL SERVICE (UPS)

LIST OF TABLES

TABLE 1: GLOBAL REVERSE LOGISTICS MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: DIFFERENCE BETWEEN FORWARD & REVERSE LOGISTICS

TABLE 3: GLOBAL REVERSE LOGISTICS MARKET, BY RETURN TYPE, 2019-2027, (IN $ MILLION)

TABLE 4: GLOBAL RECALLS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5: GLOBAL COMMERCIAL RETURNS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL REPAIRABLE RETURNS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL END OF USE RETURNS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL END OF LIFE RETURNS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL REVERSE LOGISTICS MARKET, BY END-USER, 2019-2027, (IN $ MILLION)

TABLE 10: GLOBAL E-COMMERCE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: BARRIERS FOR IMPLEMENTING REVERSE LOGISTICS IN AUTOMOTIVE MARKET

TABLE 12: FACTORS DRIVING AUTOMOTIVE REVERSE LOGISTICS MARKET

TABLE 13: GLOBAL AUTOMOTIVE MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL PHARMACEUTICAL MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL CONSUMER ELECTRONIC MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16: GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 17: OPPORTUNITY MATRIX

TABLE 18: VENDOR LANDSCAPE

TABLE 19: GLOBAL REVERSE LOGISTICS MARKET, BY GEOGRAPHY, 2019-2027, (IN $ MILLION)

TABLE 20: NORTH AMERICA REVERSE LOGISTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 21: EUROPE REVERSE LOGISTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 22: E-COMMERCE STATISTICS REST OF EUROPE

TABLE 23: ASIA PACIFIC REVERSE LOGISTICS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 24: E-COMMERCE STATISTICS REST OF ASIA PACIFIC

TABLE 25: REST OF WORLD REVERSE LOGISTICS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1: GLOBAL REVERSE LOGISTICS MARKET, BY END-USER, 2018 & 2027 (IN %)

FIGURE 2: GLOBAL REVERSE LOGISTICS MARKET, BY RECALLS, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL REVERSE LOGISTICS MARKET, BY COMMERCIAL RETURNS, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL REVERSE LOGISTICS MARKET, BY REPAIRABLE RETURNS, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL REVERSE LOGISTICS MARKET, BY END OF USE RETURNS, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL REVERSE LOGISTICS MARKET, BY END OF LIFE RETURNS, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL REVERSE LOGISTICS MARKET, BY E-COMMERCE, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL REVERSE LOGISTICS MARKET, BY AUTOMOTIVE, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL REVERSE LOGISTICS MARKET, BY PHARMACEUTICAL, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL REVERSE LOGISTICS MARKET, BY CONSUMER ELECTRONIC, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL REVERSE LOGISTICS MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 12: PORTER’S FIVE FORCE ANALYSIS

FIGURE 13: KEY BUYING IMPACT ANALYSIS

FIGURE 14: VALUE CHAIN ANALYSIS

FIGURE 15: GLOBAL REVERSE LOGISTICS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 16: UNITED STATES REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17: CANADA REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18: GERMANY REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: UNITED KINGDOM REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: FRANCE REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: SPAIN REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: ITALY REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: SUB TOPICS OF GREEN SUPPLY CHAIN LOGISTICS

FIGURE 24: RUSSIA REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: REST OF EUROPE REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: CHINA REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: INDIA REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: SOUTH KOREA REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: JAPAN REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 30: AUSTRALIA REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 31: REST OF ASIA PACIFIC REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 32: LATIN AMERICA REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 33: MIDDLE EAST & AFRICA REVERSE LOGISTICS MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY RETURN TYPE
    • RECALLS
    • COMMERCIAL RETURNS
    • REPAIRABLE RETURNS
    • END OF USE RETURNS
    • END OF LIFE RETURNS
  2. MARKET BY END-USER
    • E-COMMERCE
    • AUTOMOTIVE
    • PHARMACEUTICAL
    • CONSUMER ELECTRONIC
    • OTHERS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • GERMANY
      • UNITED KINGDOM
      • FRANCE
      • SPAIN
      • ITALY
      • RUSSIA
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • SOUTH KOREA
      • JAPAN
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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