The Global Reverse Logistics Market is forecast to grow at 5.3% with factors such as recycling and sustainability driving innovation in reverse logistics chains, rising growth in cross-border trades and globalization, rapid growth in the e-commerce sector, and surge in the number of manufacturing facilities leading to need for reverse logistics. These are expected to act as major factors for the growth of the market.
Reverse Logistics Market Scenario
According to Data Bridge Market Research, the Asia-Pacific region's reverse logistics market has the highest market share. The market leader is FedEx, which accounts for an estimated market share of approximately 5.10% globally. The company has gained outstanding sales by providing reverse logistics services and entering partnerships that strengthen its product portfolio.
For instance,
In January 2022, FedEx partnered with Microsoft to develop a cross-platform logistics solution for e-commerce. This platform launch will ensure the delivery and return of the product. This will help the companies ensure their market expansion
In January 2022, FedEx launched its logistics-as-a-service solution in collaboration with Microsoft. The main objective of this service launch was to strengthen the company’s logistic capabilities. This will help the company ensure innovation in logistics to keep pace with growth in technology
Trends Impacting the Market
Now the question is which other regions FedEx, Deutsche Post DHL Group, United Parcel Service of America, Inc., are targeting? Data Bridge Market Research has forecast a large growth in the Asia-Pacific region, and the market leaders are targeting China, Japan, and India to be their next pocket revenue for 2022.
Global reverse logistics is becoming more competitive every year with companies FedEx, Deutsche Post DHL Group, and United Parcel Service of America, Inc., as they are the market leaders for reverse logistics. The Data Bridge Market Research's new reports highlight the major growth factors and opportunities in the reverse logistics market.
For more analysis on the reverse logistics request for a briefing with our analysts- https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-reverse-logistics-market
Reverse Logistics Market Development in 2021
In July 2021, FedEx launched the FedEx trade solutions service, a new team in FedEx Trade Networks Transport & Brokerage, Inc. The key feature of this service launch was the customized trade compliance solutions. The introduction of these services will help in reducing complexity, time, and costs
In July 2021, Deutsche Post DHL Group obtained a contract from Lotus Cars for inbound-to-manufacturing warehousing and transport operations for the next five years. Through this company will offer transport and logistic services for Lotus manufacturing facilities. Through this contract, the company provides its worth to its consumer in offering quality delivery services
In May 2021, United Parcel Service of America, Inc. acquired Combinex Holding B.V. The main objective behind acquiring Combinex was to strengthen the company’s road logistic capabilities
Scope of the Reverse Logistics Market
On the basis of country, the global building automation system market is segmented into the U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, Japan, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America.
All country-based analysis of the global reverse logistics market is further analyzed based on maximum granularity into further segmentation. On the basis of the return type, the global reverse logistics market is segmented into returns, returns avoidance, remanufacturing, refurbishing, packaging, unsold goods, end-of-life, delivery failure, rentals & leasing, repairs & maintenance, and others. On the basis of components, the global reverse logistics market is segmented into return policy and procedure (RPP), remanufacturing or refurbishment (ROR), and waste disposal (WAD). On the basis of service type, the global reverse logistics market is segmented into transportation, warehousing, reselling, replacement management, refund management authorization, and others. On the basis of end-users, the global reverse logistics market is segmented into textile and garments, automotive, consumer electronics, e-commerce, retail, luxury goods, pharmaceutical, reusable packaging, and others.
To know more about the study- https://www.databridgemarketresearch.com/reports/global-reverse-logistics-market
Key Pointers Covered in Reverse Logistics Market Industry Trends and Forecast to 2029
- Market size
- Market standards and changes
- Market trials in different regions
- Market requirements in different regions
- Market shares in different regions
- Recent developments for market competitors
- Recent market value for different regions
- Sales data for market competitors
- Market key vendors and disruptors study
- Key Market Competitors Covered in the Report
- FedEx
- United Parcel Service of America, Inc.
- Deutsche Post DHL Group
- H. Robinson Worldwide, Inc.
- XPO Logistics, Inc
- Kintetsu World Express, Inc.
- Core Logistic Private Limited
- DGS Translogistics India Pvt. Ltd.
- IBM Corporation
- Indev Group of companies
- LogiNext Solutions Inc
- NFI Industries
- Optoro, Inc.
- Reverse Logistics Group
- ReverseLogix
- Safexpress Pvt. Ltd.
- Schenker AG
- ShipWizard
- Woodfield Distribution, LLC
- YUSEN LOGISTICS CO., LTD.
Above are the key players covered in the report, to know about more an exhaustive list of the reverse logistics market, contact us at https://www.databridgemarketresearch.com/toc/?dbmr=global-reverse-logistics-market
Research Methodology: Global Reverse Logistics Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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