The global reverse logistics market size was estimated at USD 731.30 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030. The global expansion of e-commerce businesses and the increasing frequency of returns and replacements of products have propelled the demand for reverse logistics services. Increasing product recalls due to strict government rules and product quality standards is expected to boost market growth. A competent reverse logistics solution has become essential owing to the expansion of e-commerce businesses worldwide. The demand for returning goods in a simpler way is increasing as the e-commerce industry/business is significantly expanding.

The e-commerce service providers emphasize reverse logistics as certain customers prefer to initially analyze the ordered products physically and then decide whether to keep them. If the product is not worth buying, customers can return it with the help of reverse logistics. For instance, buyers can only test clothing after making a purchase decision, especially for online shopping.

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Reverse Logistics Market Segments Highlights:

• Based on return type, the market is classified into recall returns, B2B returns and commercial returns, repairable returns, end-of-use returns, and end-of-life returns.
• The B2B and commercial returns segment dominated the market with the largest revenue share of 34.59% in 2022 and it is witnessing a CAGR of 10.2% for the forecast period from 2023 to 2030.
• B2B returns and commercial returns have experienced significant growth within the realm of reverse logistics. This growth can be attributed to various factors that have influenced the dynamics of the industry.
• The repairable returns segment is anticipated to observe significant growth at a CAGR of 9.7% throughout the forecast period.
• In terms of service, the market is classified into warehousing, transportation, replacement management, reselling, refund management, and others. Among these, the transportation segment dominated in 2022, gaining a revenue share of 45.76%. It is anticipated to witness a CAGR of 9.8% during the forecast period.
• The warehousing segment is anticipated to observe significant growth at a CAGR of 9.6% throughout the forecast period. Warehousing in reverse logistics refers to storing returns, replacements, end-of-use or end-of-life products, and unsold merchandise.
• In terms of the end-user industry, the market is classified into retail & e-commerce, automotive, consumer electronics, healthcare, and others. The retail & e-commerce segment dominated the overall market in 2022 attaining a revenue share of 49.91%. It is anticipated to witness a CAGR of 10.2% during the forecast period.
• The automotive segment is anticipated to observe significant growth at a CAGR of 9.9% throughout the forecast period.
• Asia Pacific led the overall market in 2022, with a revenue share of 52.68%. The region is anticipated to retain its dominance over the forecast period owing to the growing popularity of fashionable apparel among the young population.
• Middle East and Africa are anticipated to observe a significant CAGR of 9.9% throughout the forecast period. The reverse logistics industry in the Middle East & Africa is anticipated to grow at the second-fastest CAGR over the forecast period.

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Reverse Logistics Market Segmentation

Grand View Research has segmented the global reverse logistics market based on return type, service, end-user industry, and region:

Reverse Logistics Return Type Outlook (Revenue, USD Billion, 2017 - 2030)

• Recall Returns
• B2B Returns and Commercial Returns
• Repairable Returns
• End of Use Returns
• End of Life Returns

Reverse Logistics Service Outlook (Revenue, USD Billion, 2017 - 2030)

• Transportation
• Warehousing
• Reselling
• Replacement Management
• Refund Management
• Others

Reverse Logistics End-user Industry Outlook (Revenue, USD Billion, 2017 - 2030)

• Retail & E-commerce
  • Clothing
  • Electronic Devices
  • Footwear
  • Home Décor
  • Others
• Automotive
  • Spare Parts
  • Lubricants
  • Vehicle Accessories
• Consumer Electronics
  • Refrigerator
  • Television
  • Air-Conditioner
  • Grinder
  • Others
• Healthcare
  • Medicine
  • Personal Care Products
• Others

Reverse Logistics Regional Outlook (Revenue, USD Billion, 2017 - 2030)

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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