Europe Returns Management Software Market Forecast to 2031

At 8.1% CAGR, Europe Returns Management Software Market is Projected to be Worth US$ 683.05 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Europe returns management software market was valued at US$ 365.16 million in 2023 and is projected to reach US$ 683.05 million by 2031, recording a CAGR of 8.1% from 2023 to 2031. Rising sustainability initiatives and rising need for customer satisfaction are among the critical factors attributed to drive the Europe returns management software market growth.

As sustainability becomes an integral part of business strategies worldwide, organizations are increasingly focusing on implementing sustainable practices throughout their operations. Returns management software plays a crucial role in optimizing the reverse logistics process, which involves the return, repair, or recycling of products. By efficiently managing product returns, businesses can reduce waste, minimize transportation emissions, and improve resource utilization. According to the National Retail Federation (NRF), in 2022, ~16.5% of all products sold were eventually returned. In the apparel segment, this percentage rises significantly to over 50% for online sales. These statistics highlight the substantial volume of returns that businesses must handle, underscoring the importance of implementing sustainable returns management strategies.

Returns management software enables businesses to streamline and automate their returns processes, reducing the amount of waste generated. By facilitating more accurate and efficient returns handling, organizations can minimize the need for disposal and landfilling of returned products. Additionally, by optimizing transportation routes and consolidating returns, the software helps reduce the carbon footprint associated with reverse logistics operations. Thus, such initiatives are anticipated to offer new opportunities for market growth.

On the contrary, high implementation costs hamper the growth of Europe returns management software market.

Based on component, the Europe returns management software market is bifurcated into software and services. The software segment held 68.3% market share in 2023, amassing US$ 249.33 million. It is projected to garner US$ 480.28 million by 2031 to register 8.5% CAGR during 2023-2031.

In terms of deployment, the Europe returns management software market is divided into cloud and on premises. The cloud segment held 69.7% share of Europe returns management software market in 2023, amassing US$ 254.62 million. It is projected to garner US$ 506.67 million by 2031 to expand at 9.0% CAGR from 2023 to 2031.

By enterprise size, the Europe returns management software market is categorized into large enterprises and SMEs. The large enterprises segment held 64.4% share of Europe returns management software market in 2023, amassing US$ 234.99 million. It is predicted to garner US$ 459.79 million by 2031 to expand at 8.8% CAGR between 2023 and 2031.

Based on country, the Europe returns management software market is categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 29.0% share of Europe returns management software market in 2023. It was assessed at US$ 106.01 million in 2023 and is likely to hit US$ 225.77 million by 2031, registering a CAGR of 9.9% during 2023-2031.

Key players operating in the Europe returns management software market are ParcelLab; ReverseLogix; nShift; United Parcel Service of America, Inc; SAP SE; AfterShip; and Shipcloud GmbH., among others.

In October 2023, UPS Inc. announced that it acquired Happy Returns, a returns management software company, from PayPal Holdings Inc. for an undisclosed sum.
In September 2021, One of the leading German shipping service providers Shipcloud and the cloud ERP provider Haufe X360 (formerly lexbizz) from Lexware decided on a technology partnership that enables medium-sized companies to control their logistics and fulfillment processes at a level that is otherwise only reserved for large corporations.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe returns management software market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe returns management software market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe returns management software market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Scope
3.2 Coverage
3.3 Secondary Research
3.4 Primary Research
3.4.1 Hypothesis Formulation:
3.4.2 Developing Base Number:
3.4.3 Data Triangulation:
3.4.4 Country Level Data:
3.5 Key Sources and Factors Considered During the Market Analysis
3.5.1 Key Secondary Sources:
3.5.2 Key Factors Considered:
3.6 Key Companies Considered During Market Analysis
4. Europe Returns Management Software Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 Solution Providers:
4.2.2 End-Users:
4.2.3 List of Vendors in the Value Chain
4.3 Premium Insights
4.3.1 Comparison of Frontend Vs Backend
4.3.1.1 User Requirement Analysis – Frontend Features Present Vs Frontend Features Required
4.3.1.1.1 Frontend Features Present
4.3.1.1.2 Frontend Features Required
4.3.1.2 User Requirement Analysis – Backend Features Present Vs Backend Features Required
4.3.1.2.1 Backend Features Present
4.3.1.2.2 Backend Features Required
5. Europe Returns Management Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Return Rates
5.1.2 Growth of E-commerce Sector
5.1.3 Rising Need for Customer Satisfaction
5.2 Market Restraints
5.2.1 High Implementation Costs
5.2.2 Data Security Concerns
5.3 Market Opportunities
5.3.1 Rising Sustainability Initiatives
5.3.2 Technological Advancements
5.4 Future Trends
5.4.1 Integration of Blockchain Technology
5.5 Impact of Drivers and Restraints:
6. Returns Management Software Market – Europe Analysis
6.1 Returns Management Software Market Revenue (US$ Million), 2021-2031
6.2 Returns Management Software Market Forecast Analysis
7. Europe Returns Management Software Market Analysis – by Component
7.1 Software
7.1.1 Overview
7.1.2 Software: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
7.2 Services
7.2.1 Overview
7.2.2 Services: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
8. Europe Returns Management Software Market Analysis – by Deployment
8.1 Cloud
8.1.1 Overview
8.1.2 Cloud: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
8.2 On Premises
8.2.1 Overview
8.2.2 On Premises: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
9. Europe Returns Management Software Market Analysis – by Enterprise Size
9.1 Large Enterprises
9.1.1 Overview
9.1.2 Large Enterprises: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
9.2 SMEs
9.2.1 Overview
9.2.2 SMEs: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
10. Europe Returns Management Software Market – Country Analysis
10.1 Europe Market
10.1.1 Europe: Returns Management Software Market – Revenue and Forecast Analysis – by Country
10.1.1.1 Europe: Returns Management Software Market – Revenue and Forecast Analysis – by Country
10.1.1.2 United Kingdom: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.2.1 United Kingdom: Returns Management Software Market Breakdown, by Component
10.1.1.2.2 United Kingdom: Returns Management Software Market Breakdown, by Deployment
10.1.1.2.3 United Kingdom: Returns Management Software Market Breakdown, by Enterprise Size
10.1.1.3 Germany: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.3.1 Germany: Returns Management Software Market Breakdown, by Component
10.1.1.3.2 Germany: Returns Management Software Market Breakdown, by Deployment
10.1.1.3.3 Germany: Returns Management Software Market Breakdown, by Enterprise Size
10.1.1.4 France: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.4.1 France: Returns Management Software Market Breakdown, by Component
10.1.1.4.2 France: Returns Management Software Market Breakdown, by Deployment
10.1.1.4.3 France: Returns Management Software Market Breakdown, by Enterprise Size
10.1.1.5 Italy: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.5.1 Italy: Returns Management Software Market Breakdown, by Component
10.1.1.5.2 Italy: Returns Management Software Market Breakdown, by Deployment
10.1.1.5.3 Italy: Returns Management Software Market Breakdown, by Enterprise Size
10.1.1.6 Russia: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.6.1 Russia: Returns Management Software Market Breakdown, by Component
10.1.1.6.2 Russia: Returns Management Software Market Breakdown, by Deployment
10.1.1.6.3 Russia: Returns Management Software Market Breakdown, by Enterprise Size
10.1.1.7 Rest of Europe: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
10.1.1.7.1 Rest of Europe: Returns Management Software Market Breakdown, by Component
10.1.1.7.2 Rest of Europe: Returns Management Software Market Breakdown, by Deployment
10.1.1.7.3 Rest of Europe: Returns Management Software Market Breakdown, by Enterprise Size
11. Competitive Landscape
11.1 Company Positioning & Concentration
11.2 Heat Map Analysis by Key Players
11.3 Company Market Global Share Analysis
11.4 Product Benchmarking
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 parcelLab
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 ReverseLogix
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 nShift
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 United Parcel Service of America, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 SAP SE
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Shipcloud GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 AfterShip
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 Word Index
14.2 About The Research Team

LIST OF TABLES

Table 1. Europe Returns Management Software Market Segmentation
Table 2. List of Vendors
Table 3. Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
Table 4. Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million) – by Component
Table 5. Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment
Table 6. Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million) – by Enterprise Size
Table 7. Europe: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Country
Table 8. United Kingdom: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 9. United Kingdom: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 10. United Kingdom: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 11. Germany: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 12. Germany: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 13. Germany: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 14. France: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 15. France: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 16. France: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 17. Italy: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 18. Italy: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 19. Italy: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 20. Russia: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 21. Russia: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 22. Russia: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 23. Rest of Europe: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Component
Table 24. Rest of Europe: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Deployment
Table 25. Rest of Europe: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million) – by Enterprise Size
Table 26. Heat Map Analysis by Key Players
Table 27. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Returns Management Software Market Segmentation, by Country
Figure 2. Returns Management Software Market – Key Market Dynamics
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Returns Management Software Market Revenue (US$ Million), 2021-2031
Figure 5. Returns Management Software Market Share (%) – by Component (2023 and 2031)
Figure 6. Software: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 7. Services: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 8. Returns Management Software Market Share (%) – by Deployment (2023 and 2031)
Figure 9. Cloud: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 10. On Premises: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 11. Returns Management Software Market Share (%) – by Enterprise Size (2023 and 2031)
Figure 12. Large Enterprises: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 13. SMEs: Returns Management Software Market – Revenue and Forecast to 2031 (US$ Million)
Figure 14. Europe Returns Management Software Market, by Key Countries – Revenue (2023) (US$ Million)
Figure 15. Europe: Returns Management Software Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 16. United Kingdom: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 17. Germany: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 18. France: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 19. Italy: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 20. Russia: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 21. Rest of Europe: Returns Management Software Market – Revenue and Forecast to 2031(US$ Million)
Figure 22. Company Positioning & Concentration