Reverse logistics market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation – Technavio

NEW YORK, Jan. 13, 2023 /PRNewswire/ — According to Technavio, the global reverse logistics market size is estimated to grow by USD 324.23 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 7.8% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 42% of the growth of the global market during the forecast period. 

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Technavio has announced its latest market research report titled Global Reverse Logistics Market 2023-2027
Technavio has announced its latest market research report titled Global Reverse Logistics Market 2023-2027

Global reverse logistics market – Five forces
The global reverse logistics market is fragmented, and the five forces analysis covers – 

Bargaining power of buyers 
The threat of new entrants
Threat of rivalry
Bargaining power of suppliers
Threat of substitutes
For an interpretation of Porter’s five forces model – buy the report!

Global reverse logistics Market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global reverse logistics market – Segmentation assessment

Segment overview
Technavio has segmented the market based on type (recalls, commercial and B2B returns, repairable returns, end of use returns, and end of life returns) and end-user (e-commerce, retail, automotive, healthcare, and others). 

The recalls segment will grow at a significant rate during the forecast period. A product recall occurs due to a defect or error in production. Consequently, companies have to compensate consumers to ensure their safety. Recall processing is a part of reverse logistics, as it requires a logistics plan to recall the product. Vendors have to discard or repair the product or refund the purchase price. Hence, the growth of the recalls segment will propel the growth of the market during the forecast period.

Geography overview
Based on geography, the global reverse logistics market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global reverse logistics market.

APAC is estimated to account for 42% of the growth of the global market during the forecast period. The growth of the regional market is driven by the presence of a large consumer base for food and beverage and healthcare product suppliers. The rise in demand for organic food products and the rising health consciousness in countries such as China, Australia, and New Zealand are fueling the demand for cold chain logistics from the healthcare and food industries. Such benefits will lead to the growth of the market in this region during the forecast period.

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Global reverse logistics market – Market dynamics

Key factor driving market growth

The growing e-commerce industry is driving market growth due to the increasing global penetration of the Internet and the increasing availability of smartphones.
This growth directly impacts the logistics sector, as the movement of goods depends on the transport and distribution network.
Sellers offer better return options for reverse logistics than other providers. Such options simplify product return processes and are cost-effective.
Thus, the rapid growth of e-commerce will contribute to the growth of the market during the forecast period.

Leading trends influencing the market 

The use of blockchain with logistics is a key trend in the market.
In the logistics industry, the use of blockchain technology increases the visibility of operations and helps effectively track products.
Reverse logistics providers are collaborating with blockchain technology providers to develop platforms that increase security and transparency.
Such developments will support the growth of the market during the forecast period.

Major challenges hindering the market growth

High operational costs are challenging the market growth.
Factors such as lack of skilled labor and rising fuel prices increase transportation costs, which declines the profitability of key vehicle logistics service providers.
Developing countries such as India have high logistics costs when compared to developed countries such as the US and Japan.
A disorganized and inefficient supply chain in developing countries leads to additional indirect costs related to logistics.
Such factors are likely to hinder the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact
businesses. Find some insights from a sample report!

What are the key data covered in this reverse logistics market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the reverse logistics market between 2023 and 2027
Precise estimation of the size of the reverse logistics market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the reverse logistics market across APAC, North America, Europe, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of reverse logistics market vendors

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The e-freight and logistics market is estimated to grow at a CAGR of 16.33% between 2022 and 2027. The size of the market is forecasted to increase by USD 24,524 million. This report extensively covers market segmentation by end-user (manufacturing, automotive, consumer goods, food and beverage, and others), deployment (on-premises and cloud-based), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

Reverse Logistics Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.8%

Market growth 2023-2027

USD 324.23 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.8

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aramex International LLC, Blue Dart Express Ltd., C H Robinson Worldwide Inc., CMA CGM SA, Core Logistic Pvt. Ltd, Deutsche Post AG, DTDC Express Ltd., Ecom Express Pvt. Ltd., FedEx Corp., First Flight Courier Ltd., GXO Logistics Inc., Happy Returns LLC, Kintetsu Group Holdings Co. Ltd., Nippon Yusen Kabushiki Kaisha, Pitney Bowes Inc., Reverse Logistics GmbH, Safexpress Pvt. Ltd., Shipbob Inc., TCI Express Ltd., and United Parcel Service Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio’s industrials market reports

Table of contents

1 Executive Summary

1.1 Market overview 

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem 

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition 

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis 

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027 

Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global reverse logistics market 2017 – 2021

Exhibit 18: Historic Market Size – Data Table on Global reverse logistics market 2017 – 2021 ($ billion)

4.2 Type Segment Analysis 2017 – 2021 

Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ billion)

4.3 End-User Segment Analysis 2017 – 2021 

Exhibit 20: Historic Market Size – End-User Segment 2017 – 2021 ($ billion)

4.4 Geography Segment Analysis 2017 – 2021 

Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

4.5 Country Segment Analysis 2017 – 2021 

Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary 

Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

5.2 Bargaining power of buyers 

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers 

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants 

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes 

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry 

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition 

Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments 

Exhibit 30: Chart on Type – Market share 2022-2027 (%)
Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

6.2 Comparison by Type 

Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type

6.3 Recalls – Market size and forecast 2022-2027

Exhibit 34: Chart on Recalls – Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Recalls – Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Recalls – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Recalls – Year-over-year growth 2022-2027 (%)

6.4 Commercial and B2B returns – Market size and forecast 2022-2027 

Exhibit 38: Chart on Commercial and B2B returns – Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Commercial and B2B returns – Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Commercial and B2B returns – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial and B2B returns – Year-over-year growth 2022-2027 (%)

6.5 Repairable returns – Market size and forecast 2022-2027

Exhibit 42: Chart on Repairable returns – Market size and forecast 2022-2027 ($ billion)
Exhibit 43: Data Table on Repairable returns – Market size and forecast 2022-2027 ($ billion)
Exhibit 44: Chart on Repairable returns – Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Repairable returns – Year-over-year growth 2022-2027 (%)

6.6 End of use returns – Market size and forecast 2022-2027

Exhibit 46: Chart on End of use returns – Market size and forecast 2022-2027 ($ billion)
Exhibit 47: Data Table on End of use returns – Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Chart on End of use returns – Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on End of use returns – Year-over-year growth 2022-2027 (%)

6.7 End of life returns – Market size and forecast 2022-2027

Exhibit 50: Chart on End of life returns – Market size and forecast 2022-2027 ($ billion)
Exhibit 51: Data Table on End of life returns – Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Chart on End of life returns – Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on End of life returns – Year-over-year growth 2022-2027 (%)

6.8 Market opportunity by Type 

Exhibit 54: Market opportunity by Type ($ billion)

7 Market Segmentation by End-user

7.1 Market segments 

Exhibit 55: Chart on End-user – Market share 2022-2027 (%)
Exhibit 56: Data Table on End-user – Market share 2022-2027 (%)

7.2 Comparison by End-user 

Exhibit 57: Chart on Comparison by End-user
Exhibit 58: Data Table on Comparison by End-user

7.3 E-commerce – Market size and forecast 2022-2027

Exhibit 59: Chart on E-commerce – Market size and forecast 2022-2027 ($ billion)
Exhibit 60: Data Table on E-commerce – Market size and forecast 2022-2027 ($ billion)
Exhibit 61: Chart on E-commerce – Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on E-commerce – Year-over-year growth 2022-2027 (%)

7.4 Retail – Market size and forecast 2022-2027

Exhibit 63: Chart on Retail – Market size and forecast 2022-2027 ($ billion)
Exhibit 64: Data Table on Retail – Market size and forecast 2022-2027 ($ billion)
Exhibit 65: Chart on Retail – Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Retail – Year-over-year growth 2022-2027 (%)

7.5 Automotive – Market size and forecast 2022-2027

Exhibit 67: Chart on Automotive – Market size and forecast 2022-2027 ($ billion)
Exhibit 68: Data Table on Automotive – Market size and forecast 2022-2027 ($ billion)
Exhibit 69: Chart on Automotive – Year-over-year growth 2022-2027 (%)
Exhibit 70: Data Table on Automotive – Year-over-year growth 2022-2027 (%)

7.6 Healthcare – Market size and forecast 2022-2027

Exhibit 71: Chart on Healthcare – Market size and forecast 2022-2027 ($ billion)
Exhibit 72: Data Table on Healthcare – Market size and forecast 2022-2027 ($ billion)
Exhibit 73: Chart on Healthcare – Year-over-year growth 2022-2027 (%)
Exhibit 74: Data Table on Healthcare – Year-over-year growth 2022-2027 (%)

7.7 Others – Market size and forecast 2022-2027

Exhibit 75: Chart on Others – Market size and forecast 2022-2027 ($ billion)
Exhibit 76: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
Exhibit 77: Chart on Others – Year-over-year growth 2022-2027 (%)
Exhibit 78: Data Table on Others – Year-over-year growth 2022-2027 (%)

7.8 Market opportunity by End-user 

Exhibit 79: Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview 

Exhibit 80: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation 

Exhibit 81: Chart on Market share by geography 2022-2027 (%)
Exhibit 82: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison 

Exhibit 83: Chart on Geographic comparison
Exhibit 84: Data Table on Geographic comparison

9.3 APAC – Market size and forecast 2022-2027

Exhibit 85: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on APAC – Year-over-year growth 2022-2027 (%)

9.4 North America – Market size and forecast 2022-2027

Exhibit 89: Chart on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on North America – Year-over-year growth 2022-2027 (%)

9.5 Europe – Market size and forecast 2022-2027

Exhibit 93: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Europe – Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa – Market size and forecast 2022-2027 

Exhibit 97: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

9.7 South America – Market size and forecast 2022-2027

Exhibit 101: Chart on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 102: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
Exhibit 103: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on South America – Year-over-year growth 2022-2027 (%)

9.8 US – Market size and forecast 2022-2027

Exhibit 105: Chart on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 106: Data Table on US – Market size and forecast 2022-2027 ($ billion)
Exhibit 107: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on US – Year-over-year growth 2022-2027 (%)

9.9 China – Market size and forecast 2022-2027

Exhibit 109: Chart on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 110: Data Table on China – Market size and forecast 2022-2027 ($ billion)
Exhibit 111: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on China – Year-over-year growth 2022-2027 (%)

9.10 Japan – Market size and forecast 2022-2027

Exhibit 113: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 114: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
Exhibit 115: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 116: Data Table on Japan – Year-over-year growth 2022-2027 (%)

9.11 Germany – Market size and forecast 2022-2027

Exhibit 117: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 118: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
Exhibit 119: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 120: Data Table on Germany – Year-over-year growth 2022-2027 (%)

9.12 France – Market size and forecast 2022-2027

Exhibit 121: Chart on France – Market size and forecast 2022-2027 ($ billion)
Exhibit 122: Data Table on France – Market size and forecast 2022-2027 ($ billion)
Exhibit 123: Chart on France – Year-over-year growth 2022-2027 (%)
Exhibit 124: Data Table on France – Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography 

Exhibit 125: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges 

Exhibit 126: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape 

Exhibit 127: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption 

Exhibit 128: Overview on factors of disruption

11.4 Industry risks 

Exhibit 129: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered 

Exhibit 130: Vendors covered

12.2 Market positioning of vendors 

Exhibit 131: Matrix on vendor position and classification

12.3 Aramex International LLC 

Exhibit 132: Aramex International LLC – Overview
Exhibit 133: Aramex International LLC – Business segments
Exhibit 134: Aramex International LLC – Key news
Exhibit 135: Aramex International LLC – Key offerings
Exhibit 136: Aramex International LLC – Segment focus

12.4 Blue Dart Express Ltd. 

Exhibit 137: Blue Dart Express Ltd. – Overview
Exhibit 138: Blue Dart Express Ltd. – Product / Service
Exhibit 139: Blue Dart Express Ltd. – Key offerings

12.5 C H Robinson Worldwide Inc. 

Exhibit 140: C H Robinson Worldwide Inc. – Overview
Exhibit 141: C H Robinson Worldwide Inc. – Business segments
Exhibit 142: C H Robinson Worldwide Inc. – Key news
Exhibit 143: C H Robinson Worldwide Inc. – Key offerings
Exhibit 144: C H Robinson Worldwide Inc. – Segment focus

12.6 CMA CGM SA 

Exhibit 145: CMA CGM SA – Overview
Exhibit 146: CMA CGM SA – Business segments
Exhibit 147: CMA CGM SA – Key news
Exhibit 148: CMA CGM SA – Key offerings
Exhibit 149: CMA CGM SA – Segment focus

12.7 Core Logistic Pvt. Ltd 

Exhibit 150: Core Logistic Pvt. Ltd – Overview
Exhibit 151: Core Logistic Pvt. Ltd – Product / Service
Exhibit 152: Core Logistic Pvt. Ltd – Key offerings

12.8 Deutsche Post AG 

Exhibit 153: Deutsche Post AG – Overview
Exhibit 154: Deutsche Post AG – Business segments
Exhibit 155: Deutsche Post AG – Key news
Exhibit 156: Deutsche Post AG – Key offerings
Exhibit 157: Deutsche Post AG – Segment focus

12.9 DTDC Express Ltd. 

Exhibit 158: DTDC Express Ltd. – Overview
Exhibit 159: DTDC Express Ltd. – Product / Service
Exhibit 160: DTDC Express Ltd. – Key offerings

12.10 FedEx Corp. 

Exhibit 161: FedEx Corp. – Overview
Exhibit 162: FedEx Corp. – Business segments
Exhibit 163: FedEx Corp. – Key offerings
Exhibit 164: FedEx Corp. – Segment focus

12.11 Happy Returns LLC 

Exhibit 165: Happy Returns LLC – Overview
Exhibit 166: Happy Returns LLC – Product / Service
Exhibit 167: Happy Returns LLC – Key offerings

12.12 Kintetsu Group Holdings Co. Ltd. 

Exhibit 168: Kintetsu Group Holdings Co. Ltd. – Overview
Exhibit 169: Kintetsu Group Holdings Co. Ltd. – Business segments
Exhibit 170: Kintetsu Group Holdings Co. Ltd. – Key offerings
Exhibit 171: Kintetsu Group Holdings Co. Ltd. – Segment focus

12.13 Nippon Yusen Kabushiki Kaisha 

Exhibit 172: Nippon Yusen Kabushiki Kaisha – Overview
Exhibit 173: Nippon Yusen Kabushiki Kaisha – Business segments
Exhibit 174: Nippon Yusen Kabushiki Kaisha – Key offerings
Exhibit 175: Nippon Yusen Kabushiki Kaisha – Segment focus

12.14 Pitney Bowes Inc. 

Exhibit 176: Pitney Bowes Inc. – Overview
Exhibit 177: Pitney Bowes Inc. – Business segments
Exhibit 178: Pitney Bowes Inc. – Key offerings
Exhibit 179: Pitney Bowes Inc. – Segment focus

12.15 Reverse Logistics GmbH 

Exhibit 180: Reverse Logistics GmbH – Overview
Exhibit 181: Reverse Logistics GmbH – Product / Service
Exhibit 182: Reverse Logistics GmbH – Key offerings

12.16 Safexpress Pvt. Ltd. 

Exhibit 183: Safexpress Pvt. Ltd. – Overview
Exhibit 184: Safexpress Pvt. Ltd. – Business segments
Exhibit 185: Safexpress Pvt. Ltd. – Key news
Exhibit 186: Safexpress Pvt. Ltd. – Key offerings
Exhibit 187: Safexpress Pvt. Ltd. – Segment focus

12.17 United Parcel Service Inc. 

Exhibit 188: United Parcel Service Inc. – Overview
Exhibit 189: United Parcel Service Inc. – Business segments
Exhibit 190: United Parcel Service Inc. – Key offerings
Exhibit 191: United Parcel Service Inc. – Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist 

Exhibit 192: Inclusions checklist
Exhibit 193: Exclusions checklist

13.3 Currency conversion rates for US$ 

Exhibit 194: Currency conversion rates for US$

13.4 Research methodology 

Exhibit 195: Research methodology
Exhibit 196: Validation techniques employed for market sizing
Exhibit 197: Information sources

13.5 List of abbreviations 

Exhibit 198: List of abbreviations

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