Deutsche Post DHL Group, FedEx, XPO Logistics, Inc dominated the Europe Reverse Logistics Market in 2021

Europe Reverse Logistics Market is expected to grow with a CAGR of 4.7% in the forecast period of 2022 to 2029. The years considered for the study are as mentioned below.

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Europe reverse logistics market is a highly consolidated market, which includes a specific number of key players. The market has witnessed increased strategic developments owing to favorable market scenarios.

The major players dealing in the Europe reverse logistics market are introducing a strong range of products provider and launching new products, and adopting strategic initiatives such as acquisition, agreement, business expansion, award, and recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.

For instance:

  • 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

FedEx is the dominating player in Europe reverse logistics market. Some of the other key players existing in the market are Deutsche Post DHL Group, XPO Logistics, Inc, United Parcel Service of America, Inc., IBM Corporation, C.H. Robinson Worldwide, Inc., Indev Group of companies, Kintetsu World Express, Inc., Reverse Logistics Group, ReverseLogix, Schenker AG, YUSEN LOGISTICS CO., LTD., among others.

Deutsche Post DHL Group

Deutsche Post DHL Group was founded in 1969, headquartered in North Rhine-Westphalia, Germany. It has public ownership. The company provides courier, package delivery, and express mail services for the consumer. The company offers service categories such as logistics solutions which is also the market-focused category.

For instance,

  • In July 2021, Deutsche Post DHL Group obtained the contract from Lotus Cars for inbound-to-manufacturing warehousing and transport operations for the next five years. The company will offer transport and logistic services for Lotus manufacturing facilities. The contract has helped the company provide its services to its consumer in offering quality delivery services

The company has a presence across North America, South America, the Middle East and Africa, Asia-Pacific, Europe. The subsidiaries of the company are Blue Dart Express, (India), AeroLogic (Germany), DHL Aviation, (Bahrain), Blue Dart Aviation, (India), DHL Air UK (U.K), and others.

FedEx

FedEx was founded in the year 1973, headquartered is in Tennessee, U.S. It has public ownership. The company deals in services, goods, ideas, and technologies, creating opportunities to fuel innovation and energize business to uplift the community with high standards. The company has several service categories, including e-commerce fulfillment, supply chain solutions, transportation, of which supply chain solutions is the market-focused category. The company operates in various business segments such as FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, of which FedEx Freight is the market-focused segment.

For instance,

  • In January 2022, FedEx entered into a partnership with Microsoft to develop a cross-platform logistics solution for e-commerce. This platform launch will ensure delivery and return of the product. The partnership will help both companies to ensure their market expansion

The company has a wide presence across the Americas, Europe, Middle East and Africa, Asia-Pacific, Oceania. The subsidiaries of the company are TNT Express (Netherlands), FedEx Office (U.S.), FedEx Ground (U.S.), FedEx Corporate Services Inc, (U.S), ShopRunner, Inc., (U.S.), among others.

XPO Logistics, Inc.

XPO Logistics, Inc. was founded in 1989, headquartered in Connecticut, U.S. It has public ownership. The company is engaged in providing logistics and transportation services with a highly integrated network of technology, people, and physical assets. The company provides various business segments such as transportation and logistics, out of which logistics is the market-focused segment. The company has several service categories, including truck brokerage, less-than-truckload, other transportation, and other transportation is the market-focused category.

For instance,

  • In June, XPO Logistics, Inc. entered into a partnership with Barilla. The main objective of this partnership was to provide logistics and transportation activities for the Cucina-Barilla online service. Through this, the companies expanded their global presence by offering lucrative services for their clients

The company has a presence in Europe, Americas, and Oceania. The subsidiaries of the company are Con-way (U.S.), XPO Logistics, LLC (England), XPO Logistics (France), Menlo Logistics (U.S.), Express 1 Inc (Canada), among others.