Global Returnable Asset Monitoring Market Size By Type (GPS Tags, Barcodes Tags), By Application (Electronics Industry, Warehouse Logistics, Automobile Industry), By Geographic Scope And Forecast

Returnable Asset Monitoring Market Size And Forecast

Returnable Asset Monitoring Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2022 to 2030.

The increasing requirements of standard formatting for organizing, displaying, and communicating data, which allows taking benefit from improved control, and information, are factors driving the market growth. The Global Returnable Asset Monitoring Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Returnable Asset Monitoring Market Definition

Returnable and reusable supply chain assets (RSAs) are specialized, durable packaging containers that consist of pallets, bins, tubs, and totes. These assets are at risk for displacement, theft, or loss as they are moved between and around customers’ facilities and the company’s locations. Returnable assets can be identified by the identification key, commonly known as Global Returnable Asset Identifier (GRAI). GRAIs will work in any business sector. This unique identifier is comprised of a GS1 company prefix, an asset type, a check digit, and an optional serial number. The GRAI will identify individual asset type uniquely, thus ensuring that it is always identified correctly anywhere within a business or throughout the world.

Global Returnable Asset Monitoring Market Overview

The increasing requirements of standard formatting for organizing, displaying, and communicating data, which allows taking benefit from improved control, and information, are factors driving the market growth. In addition, it helps to produce improved accuracy and completeness of a firm’s information and also eliminates redundant activities and reduces or eliminates paperwork, which result accelerates the market. Furthermore, low-cost solutions to the challenge of tracking assets for organizations impose a positive impact on the market. However, the concerns related to the time effectivity are expected to hinder the market growth.

Global Returnable Asset Monitoring Market Segmentation Analysis

The Global Returnable Asset Monitoring Market is Segmented on the basis of Type, Application, and Geography.

Returnable Asset Monitoring Market, By Type

• Radio Frequency Identification (RFID) Tags• GPS Tags• Barcodes Tags

Based on the Type, the market is classified into RFID (Radio Frequency Identification) Tags, GPS Tags, and Barcode. The RFID segment dominates the market.

Returnable Asset Monitoring Market, By Application

• Electronics Industry• Warehouse Logistics• Automobile Industry

Based on the Application, the market is bifurcated into the Electronics industry, Warehouse Logistics, and the automobile Industry.

Returnable Asset Monitoring Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

Based on Geography, the Global Returnable Asset Monitoring Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific is predicted to witness the highest growth during the forecast period.

Key Players

The “Global Returnable Asset Monitoring Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Smartx Tech, Roambee, Kontrol, RFID4U, Clean Slate, GAO Group, Sensolus, Adapt Ideations, Litum, and Inchz Iot Sdn Bhd.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In Feb 2021, SmartX HUB goes beyond RTLS and standard RFID systems by providing a full range of visibility capabilities, including real-time asset location as well as visibility into asset status and condition.

• On Dec 2021, Sensolus, a Belgian company, manufactures sensors that allow shippers to track their cargo via the cloud and has assisted some in reducing losses. According to Sensolus CEO Kristoff Van Rattinghe, the supply chain crisis has enhanced their company because many consumers now demand visibility over the location of a product.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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