Europe Reverse Logistics Market, By Return Type (Returns, Returns Avoidance, Remanufacturing, Refurbishing, Packaging, Unsold Goods, End-Of-Life, Delivery Failure, Rentals & Leasing, Repairs & Maintenance, and Others), Components (Return Policy and Procedure (RPP), Remanufacturing or Refurbishment (ROR), Waste Disposal (WAD)), Service Type (Transportation, Warehousing, Reselling, Replacement Management, Refund Management Authorization, Others), End-User (Textile and Garments, Automotive, Consumer Electronics, E-Commerce, Retail, Luxury Goods, Pharmaceutical, Reusable Packaging, Others) Industry Trends and Forecast to 2029.
Europe Reverse Logistic Market Analysis and Size
Rapid growth in e-commerce businesses worldwide has boosted the demand for various consumer products across the globe. With this rapid growth, there is a huge demand for return products which is expected to hoist the importance of reverse logistics management as reverse logistics management ensures safe retrieval of disposal product and return of the product.
This has triggered the adoption of reverse logistics management as the return should be fast, controllable, visible, and straightforward. Moreover, the growing demand for recycling and sustainability is expected to drive various reverse logistics chains and management innovations. On the other hand, traceability within reverse logistics will reduce the risk of fraud. These factors are expected to hoist the market growth for the Europe reverse logistics market.
Companies/industries around the globe are understanding this growing demand for reverse logistics for packaging and returning products. Europe reverse logistics market is rapidly growing due to the growing demand for returning products. The companies are launching various services, partnerships, and contract launches to gain a larger market share.
Data Bridge Market Research analyses that the Europe reverse logistic market is expected to reach the value of USD 221,223.24 million by 2029, at a CAGR of 4.7% during the forecast period. The advanced reverse logistic system segment is expected to dominate the market as integrated circuits in electronic devices boost the Europe reverse logistics market. The Europe reverse logistic market report also covers pricing analysis, patent analysis, and technological advancements in depth.
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Return Type (Returns, Returns Avoidance, Remanufacturing, Refurbishing, Packaging, Unsold Goods, End-Of-Life, Delivery Failure, Rentals & Leasing, Repairs & Maintenance, and Others), Components (Return Policy and Procedure (RPP), Remanufacturing or Refurbishment (ROR), Waste Disposal (WAD)), Service Type (Transportation, Warehousing, Reselling, Replacement Management, Refund Management Authorization, Others), End-User (Textile and Garments, Automotive, Consumer Electronics, E-Commerce, Retail, Luxury Goods, Pharmaceutical, Reusable Packaging, Others)
|
|
Countries Covered
|
Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and Rest of Europe
|
|
Market Players Covered
|
Deutsche Post DHL Group, FedEx, 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
|
Market Definition
Reverse logistics is a type of supply chain management that various organizations follow to move goods/products from customers back to the sellers/manufacturers in an organized and safe manner. Once a customer receives a product, the processes in which the customer wishes to return or recycle the product comes under reverse logistics. Reverse logistics start at the end of the consumer, moving backward through the supply chain of the distribution management to the distributor and from the distributor to the product's manufacturer. Reverse logistics can also include processes where it is responsible for the final disposal of the product, including recycling or resale of the product. Fundamentals steps involved in reverse logistics management process the return, deal with returns, keep returns moving, repair, and recycle.
Europe Reverse Logistic Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers
- Rapid Growth in the E-Commerce
In recent times, the widespread use of e-commerce platforms such as Amazon, Flipkart, and eBay has contributed to substantial growth in online buying and selling of goods. This has provided a platform for consumers to purchase products and use them according to their requirements freely.
- Recycling and Sustainability Driving Innovation in Reverse Logistics Chains
The five "R" policies emphasizing refuse, reduce, reuse, repurpose, and recycle, will help reverse logistics grow and help its market. This concept of recycling and maintaining sustainability in reverse logistics adopted by various major players such as FedEx, DHL groups, IBM Corporation, among others, is expected to boost the market growth and drive innovation in the Europe reverse logistics market.
Opportunity
- Inclination Towards Digitization of the Sector
The recent pandemic has transformed most industries and forced them to make digitalization their core strength. The companies are utilizing this opportunity to expand their business capabilities and enhance customer experience, thus creating opportunities by adopting total digital transformation to reap its benefits. This high adoption rate of digital transformation can provide a lucrative opportunity for the growth of the reverse logistics market.
Restraints/Challenges
- Inadequate Labor Resources to Handle Return
The lack of skilled workers and training to the employees can lead to several errors causing inefficiency in the services offered, acting as a major challenge for the growth in the reverse logistic and logistic sector. This can be a major setback as customer satisfaction is everything in the logistic sector.
Post COVID-19 Impact on Europe Reverse Logistic Market
COVID-19 created a major impact on the Europe reverse logistic market as almost every country has opted for the shutdown for every production facility except the ones dealing in producing the essential goods. These essential goods require reaching the end user, which is possible through logistic facilities. Thus, if there is a supply of goods, then there are chances to create the opportunity for reverse logistic facilities.
This Europe reverse logistics market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Financial institutions are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the reverse logistic. The companies will bring advanced and accurate controllers to the market with this. In addition, the use of reverse logistics by government authorities in asset management and defense and security has led to the market's growth
Recent Developments
- In September 2021, United Parcel Service Of America, Inc. acquired Roadie. The main objective behind acquiring Roadie was to strengthen the company's last-mile transportation and logistics capabilities. This has helped the company expand its market by offering quality logistic services to its consumer
- In November 2021, C.H. Robinson Worldwide, Inc. expanded its presence in Asia by opening three offices in Indonesia. The main objective of this expansion was to strengthen the company's logistic capabilities in the region. The expansion has helped the company offer quality logistic services to its consumer
Europe Reverse Logistic Market Scope
Europe reverse logistic market is segmented into return type, components, service type, and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Return Type
- Returns
- Returns Avoidance
- Remanufacturing
- Refurbishing
- Packaging
- Unsold Goods
- End-Of-Life
- Delivery Failure
- Rentals & Leasing
- Repairs & Maintenance
- Others
Based on return type, the Europe reverse logistics market is segmented into returns, returns avoidance, remanufacturing, refurbishing, packaging, unsold goods, end-of-life, delivery failure, rentals & leasing, repairs & maintenance, and others.
Components
- Return Policy and Procedure (RPP)
- Remanufacturing or Refurbishment (ROR)
- Waste Disposal (WAD)
Based on components, the Europe reverse logistics market is segmented into return policy and procedure (RPP), remanufacturing or refurbishment (ROR), and waste disposal (WAD).
Service Type
- Transportation
- Warehousing
- Reselling
- Replacement Management
- Refund Management Authorization
- Others
Based on service type, the Europe reverse logistics market is segmented into transportation, warehousing, reselling, replacement management, refund management authorization, and others.
End-User
- Textile and Garments
- E-commerce
- Automotive
- Pharmaceutical
- Consumer Electronics
- Retail
- Luxury Goods
- Reusable Packaging
- others
Based on end-user, the Europe reverse logistics market is segmented into textile and garments, e-commerce, automotive, pharmaceutical, consumer electronics, retail, luxury goods, reusable packaging, and others.
Europe Reverse Logistic Market Regional Analysis/Insights
Europe reverse logistic market is analyzed, and market size insights and trends are provided by country, return type, components, service type, and end-user as referenced above.
Some of the countries covered in the Europe reverse logistic market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and the Rest of Europe in Europe.
Germany is expected to dominate the Europe reverse logistic market due to technological advancements such as integrating the Internet of Things (IoT) and artificial intelligence solutions in semiconductor industries, which is expected to increase their demand in the market. Furthermore, growing investment in the miniaturization of electronic components may act as a driver in the Europe reverse logistic market.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of European brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Reverse Logistics Market Share Analysis
Europe reverse logistics market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points are only related to the companies' focus on the Europe reverse logistics market.
Some of the major players operating in the Europe reverse logistic market are Deutsche Post DHL Group, FedEx, 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.
Research Methodology: Europe Reverse Logistics Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Europe versus Regional and Vendor Share Analysis. To know more about the research methodology, drop an inquiry to speak to our industry experts.
SKU-