What is Reverse Logistics Of Spare Part Market?
Reverse logistics of spare parts include the return of goods, returns avoidance, refurbishing, visual inspection of return parts, packaging, delivery failure, etc, it includes partial recovery of its original existent value. Spare parts include metal parts and plastic parts generally from automotive, aerospace, general manufacturing, and other sources. The reverse logistics of spare parts deal with four relevant channels like remanufacturing, reuse, recycling, and final disposal.
The market study is being classified, by Application (Automotive, Aerospace, General Manufacturing and Others) and major geographies with country level break-up.
Deutsche Post DHL Group (Germany), DB Schenker (Germany), C.H. Robinson (United States), United Parcel Service (United States), FedEx Corporation (United States), Kuehne + Nagel (Switzerland), D&K ENGINEERING (United States), GSM Systems (Indonesia), Flex Ltd. (Singapore) and Reverse Logistics Group (Switzerland) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Reverse Logistics Of Spare Part market by Type, Application and Region.
On the basis of geography, the market of Reverse Logistics Of Spare Part has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Logistics and Supply Chain Operation in Automotive and Manufacturing Industries
- Demand for the Spare Parts Remanufacturing and Recycling to Minimize the Generation of Waste
- Integrated Supply Chain Management Software in the Reverse Logistics Of Spare Part
- Complexities Involved with Complex Operations in Reverse Logistics Of Spare Part
- Growing eCommerce, and Retail Industry Leading to the Rise in Volume of Returns will Boost the Reverse Logistics Of Spare Part Market
- Regulatory Compliances and Guidelines Associated with Reverse Logistics Of Spare Part
Market Leaders and some development strategies
On 21st December 2020, Reconomy considers the acquisition of RLG a continuation of its long-term strategic plan "to become to become a global leader in tech-enabled services to drive the circular economy". In addition to the new capabilities RLG brings to Reconomy, RLG would also give its new owner a global presence in core disciplines. The transaction, through which Reconomy will acquire 100 percent of RLG's shares, was completed on 18 December and was to be retroactive to 1 January 2020. The parties to the deal did not divulge the purchase price.
On 4th January 2021, XPO Logistics announced the acquisition of the majority of Kuehne + Nagelís contract logistics operations in the UK and Ireland, which was initially announced in March 2020, is a done deal. And XPO also noted that this acquisition will expand XPOís contract logistics offering in the UK with complementary expertise, 75 facilities, and a blue-chip customer base, with XPO integrating the acquired operations on its technology platform to optimize synergies within its pan-European network.
Key Target AudienceReverse Logistics Of Spare Part Providers, Reverse Logistics Of Spare Part Industry Association, Research and Development Institutes, Potential Investors, Regulatory Guidelines and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Reverse Logistics Of Spare Part Market?
"Growing Logistics and Supply Chain Operation in Automotive and Manufacturing Industries
" is seen as one of major growth factors of Reverse Logistics Of Spare Part Market in years to come.
2. Can we have customized study for Reverse Logistics Of Spare Part Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Reverse Logistics Of Spare Part Market?
will lead Reverse Logistics Of Spare Part Market in coming years.