Global Reverse Logistics Market valued approximately USD 435.13 billion in 2018 is anticipated to grow with a healthy growth rate of more than 4.80% over the forecast period 2019-2026. The Reverse Logistics Market is continuously growing in the global scenario at significant pace. Reverse logistics is the process of moving goods from final destination and receiving returned products/ materials for proper disposal. Reverse logistics comprises of activities, which includes remanufacturing, redesigning, and refurbishing. Moreover, it also includes the process of returning merchandise/product due to damage, salvage, restock, and seasonal & excess inventory. Reverse logistics is associated with the reuse of products/merchandise. It includes the process of planning, implementing, and controlling the cost-effective, efficient flow of raw materials, inventory, final goods, or reducing the energy and pollution from transportation. increasing demand from consumers for goods/products from numerous industries, such as medical devices, automotive, consumer electronics goods & products, construction equipment and packaging machines etc
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Top Leading Companies mentioned are
The Deutsche Post AG
Kintetsu World Express (I) Pvt. Ltd.
Reverse Logistics Company
Core Logistic Private Ltd.
Deliveryontime Logistics Pvt. Ltd.
YUSEN LOGISTICS CO. LTD.
Safexpress Pvt. Ltd.
United Parcel Service
Additionally, the emergence of blockchain technology in logistics industry is another major factor boosting the market. Blockchain technology has numerous advantages including decrease in incidence of fraud, increase in security, automation of data flow to enhance speed and efficiency, rise in traceability, and decrease in paperwork, are making the reverse logistics system and process efficient and economical. Moreover, rise in need of reverse logistics due to increase in e-waste holds is the factors that likely to create numerous opportunity in the near future. However, increase in quality control and uncertainty in reverse logistics process are the factors that limiting the growth of the market during the forecast period.
The regional analysis of Global Reverse Logistics Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share due to rising logistics company offering services associated with reverse logistics and expansion of e-commerce industry in the region. Europe is also estimated to grow at stable growth rate in the global Reverse Logistics market over the upcoming years. Further, North America is anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2026 due to increasing manufacturing activities and surging economic growth rate in the region.
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The “Global Reverse Logistics Market” report attempts to build familiarity of the market through sharing basic information associated with the aspects such as definitions, classifications, applications and market overview, product specifications, manufacturing processes, cost structures, raw materials and more. Furthermore, it strives to analyze the crucial regional markets, including the product price, profit, capacity, production, supply, demand and market growth rate. It also discusses forecast for the same.
- Analysing the outlook of the Reverse Logistics Market with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Reverse Logistics Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the Reverse Logistics Market.
- Reverse Logistics Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- 1-year analyst support, along with the data support in excel format.
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