The global Reverse Logistics market is anticipated to grow at a CAGR of 8.0% during the forecast period. Reverse logistics is the process of managing the flow of products, materials, and information from the point of consumption back to the point of origin. This can include activities such as product returns, recalls, repairs, and recycling. It is an important part of the supply chain in a variety of industries, including automotive, electronics, pharmaceuticals, and others.
The increased innovation and the development of automation technologies are some of the major factors driving the growth of the market. Some of the major automation technologies including artificial intelligence (AI), Internet-of-Things (IoT), automatic data capture, and traceability software are used in reverse logistics which further optimize the returns process and improve efficiency. For instance, in January 2022, Berkshire Grey, Inc. introduced artificial intelligence (AI)-enabled reverse logistics solutions designed to help retailers accelerate the resale of returned goods and improve labor utilization in the returns process. This solution helps decrease markdowns by speeding up returns processing to get goods back into inventory or moved to refurbishment up to 25% faster than manual processing. The solution also includes Berkshire Grey’s robotic product sortation with identification (RPSI) and robotic shuttle put wall (RSPW) systems, both of which are specifically configured to efficiently process returns.
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Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2024-2030
Segment Covered-
- By Return Type
- By End-User
- By Service
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- CCR Logistics Systems AG, Deutsche Bahn AG, C.H. Robinson Worldwide, Inc., Deutsche Post DHL Group, and others.
Reverse Logistics Market Report Segment
By Return Type
- Recalls
- Commercial Returns
- Repairable Returns
- End-of-use Returns
- End of life return
By End-User
- E-Commerce
- Retail
- Automotive
- Consumer Electronics
- Pharmaceutical
- Other (Luxury Goods)
By Service
- Transportation
- Warehousing
- Reselling
- Replacement Management
- Refund Management Authorization
- Others (Packaging, Refurbishment of Goods)
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Reverse Logistics Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Bowman Logistics
- CCR Logistics Systems AG
- H. Robinson Worldwide Inc.
- Core Logistic Pvt. Ltd.
- DB Schenker (DB Group)
- Deutsche Post AG
- GEFCO
- Happy Returns Inc.
- Kintetsu World Express, Inc.
- Optoro
- PayPal Holdings, Inc.
- RLG Systems AG
- Safexpress Pvt. Ltd.
- ShipBob, Inc.
- ShipWizard
- Yusen Logistics Co., Ltd.
- Zipline Logistics
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