Reverse Logistics Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is predicted to dominate majority revenue share of 50% by 2035. This market growth in this region is expected to be dominated by rising demand for electric vehicles. For instance, a 2023 study by the International Energy Agency states that the number of electric automobile registrations in India increased by 70% year or by 80,000 units in 2024. On the other hand, 8.1 million new electric vehicle registrations emerged in China in 2023 accounting for a 35% growth over 2022. As a consequence, the demand for reverse logistics is also estimated to surge since with the rise in EV vehicles, the need for maintaining batteries has also grown. Reverse logistics allow EV users to replace or repair non-functioning batteries, which is why this market is observing growth in the APAC region.
Moreover, the market in China is also poised to rise owing to the rising demand for reverse logistics in the healthcare sector over the coming years.
Additionally, the Indian market for reverse logistics is set to show significant growth due to factors including growing demand for smartphones.
Furthermore, with the surge in investment made in encouraging digitalization, the market in Japan for reverse logistics is predicted to expand.
Middle East & Africa Market Insights
The Middle East & Africa reverse logistics market is projected to experience a significant rise in revenue over the forecast period. The main element set to encourage market expansion in this region is the growing construction of highways to ease transportation. For instance, the Saudi Eastern region observed the launch of close to USD 789 million road construction projects in 2023. On that account, the market is poised to observe a surge in this region.
Further, in this region, the Israel market for reverse logistics will also observe the highest growth in the upcoming years. This could be owing to the rising disposable income in this region.
Moreover, the South Africa market for reverse logistics is to expand over the forecast period. This growth in the reverse logistics market is predicted to be dominated by growing investment in logistics.
