AMR forecasts a $603.9 billion reverse logistics market by 2025: Growth drivers and trends
Expansion of the e-commerce industry, stringent government rules in the automotive industry increasing product recall, and increased need for reverse logistics in the pharmaceutical industry drive the growth of the global reverse logistics market.
The global reverse logistics market generated $415.2 billion in 2017 and is expected to reach $603.90 billion by 2025, growing at a CAGR of 4.6% from 2017 to 2025.
Expansion of the e-commerce industry, stringent government rules in the automotive industry increasing product recall, and increased need for reverse logistics in the pharmaceutical industry drive the growth of the reverse logistics market. However, uncertainty in the reverse logistics process and an increase in quality control restrain the growth of the market. Conversely, an introduction of blockchain technology and a rising need for reverse logistics due to increasing e-waste create new opportunities for growth of the market.
Asia-Pacific to be dominant, LAMEA to exhibit the fastest growth:
The market in Asia-Pacific captured more than one-third of the market share in 2017 and is likely to dominate the market through 2025. This is because a majority of the logistics companies have started offering specialized reverse logistics services in this region. However, LAMEA (Latin America, Middle East and Africa) is expected to register the fastest CAGR of 6% from 2018 to 2025. The other regions analyzed in the report include North America and Europe.
Key players of the industry
Leading players analyzed in the reverse logistics market report include C.H. Robinson, DB Schenker, Delcart, Delivery on time Logistics Pvt. Ltd., FedEx Corporation, Kintetsu World Express, Reverse Logistics Company, The Deutsche Post AG, United Parcel Service, Yusen Logistics Co., Ltd., and others. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.
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Commercial returns to be dominant, end-of-life returns to grow the fastest
Among return types, the commercial returns segment grabbed more than one-third of the market share in 2017 and would maintain its revenue lead through 2025. Commercial returns allow the supplier to rectify the mistake such as wrong product delivered, damaged product, and others and enables a company to increase its revenue by implementing an effective reverse logistics process. However, the end-of-life returns segment would grow at the highest CAGR of 7.0% from 2018 to 2025.
E-commerce segment to exhibit the fastest growth
Among end-users, e-commerce is likely to exhibit the fastest growth of 6.3% from 2018 to 2025. This is due to the increasing penetration of high-speed internet and the booming trend of online shopping. However, the other segment was the largest in 2017 and would dominate the market through the forecast period.
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Reverse Logistics Market Key Market Segments
By Return Type
- Commercial Returns
- Repairable Returns
- End-of-use Returns
- End-of-life Returns
- Consumer Electronics
- North America
Questions answered in Reverse Logistics Market research study:
• What is the market growth rate of Reverse Logistics Market from 2017-2023?
• What will be the global market size of the market from 2017 to 2023?
• Who are the leading global manufacturing companies in the Reverse Logistics Market?
• What are the major current trends and predicted trends?
• What are the challenges faced in the Reverse Logistics Market?
• Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
• Which will be the anticipated growth rates for your own Reverse Logistics economy altogether and also for every segment inside?
• Which will be the Reverse Logistics application and types and forecast accompanied closely by producers?
• What are the conclusions of the Reverse Logistics Market report?
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