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Globe and Mail
18-07-2025
- Automotive
- Globe and Mail
Electric Vehicle Market Poised for Growth, Expected to Hit USD 713.07 Billion by 2032
Rapid Technological Innovations to Propel Global Market Beyond USD 713.07 Billion by 2032 at 7.6% CAGR – Coherent Market Insights The Global Electric Vehicle Market is expected to be valued at USD 427.02 billion in 2025 and reach USD 713.07 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.6% from 2025 to 2032. Consumer awareness and environmental sustainability are central to this transformation. Today's consumers are increasingly mindful of their carbon footprint and see electric passenger vehicles as a practical way to lessen their personal environmental impact. This shift goes beyond environmental concerns—it also reflects a lifestyle choice that embodies technological advancement and forward-thinking values. Request Sample Pages: Global Electric Vehicle Market Key Takeaways According to Coherent Market Insights (CMI), the global electric vehicle market size is slated toeach USD 713.07 Bn by 2032, up from USD 427.02 Bn in 2025, recording a CAGR of 7.6%. Passenger vehicles are expected to remain the top-selling vehicle type, accounting for 72.5% of the global electric vehicle market share in 2025. Based on propulsion technology, battery electric vehicles (BEVs) category is set to account for a prominent 67.8% share of the global market by 2025. Asia Pacific is projected to dominate the global industry, accounting for nearly three-fifths of the market share in 2025. Latin America electric vehicle industry is poised to exhibit fastest growth during the assessment period. Government Incentives and Green Mobility Push Spurring Market Growth Coherent Market Insights' new electric vehicle market report offers insights into major factors driving the industry's growth. These include rising government incentives and an increasing push for green mobility. Governments across the world are introducing new policies and financial incentives to make electric vehicles more accessible and attractive to consumers. This is expected to boost growth of the electric vehicle market during the forecast period. There is a growing emphasis on green mobility and sustainable transportation solutions, especially across developed and developing regions. This trend will play a key role in boosting sales of electric vehicles. Similarly, new stringent emission regulations are being implemented to reduce greenhouse gas emissions. This pushes manufacturers to develop and promote EVs as well as encourage consumers to switch to cleaner alternatives. High Cost of Electric Vehicles and Limited Availability Restraining Market Growth The future electric vehicle market outlook looks bright. However, limited availability and high cost of electric vehicles, particularly premium models, may hamper market growth to some extent. Premium electric vehicle models come with a higher price tag compared to traditional internal combustion engine (ICE) vehicles. This high cost deters many cost-conscious customers from choosing EVs, potentially reducing electric vehicle market demand. Similarly, many developing and underdeveloped regions face limited availability of EVs and a lack of supporting charging infrastructure. These challenges could further hinder the electric vehicle market growth during the assessment period. Ongoing Technological Advancements Creating Lucrative Growth Opportunities Growing demand for advanced, fuel-efficient vehicles is triggering a wave of innovation in the electric vehicle (EV) industry. Leading EV manufacturers are increasingly adopting cutting-edge technologies to improve vehicle performance, safety, and efficiency. Key innovations like solid-state batteries and advancements in lithium-ion battery chemistries are helping to extend driving range, reduce charging times, and enhance overall safety. These technological improvements are making electric vehicles more cost-effective and attractive to a broader range of consumers, thereby creating significant growth opportunities in the EV market. Impact of AI on the Electric Vehicle Market Artificial intelligence (AI) is revolutionizing the EV market. This advanced technology is accelerating innovation and adoption in the EV sector, shaping the future of smart, sustainable mobility. Artificial intelligence enhances vehicle performance, optimizes battery management, and enables advanced driver-assistance systems (ADAS). Similarly, AI-powered algorithms improve energy efficiency by predicting driving patterns and adjusting power usage in real time. AI offers safer and more efficient transportation by facilitating autonomous driving technologies and intelligent navigation systems. In manufacturing, AI streamlines production processes and predictive maintenance, reducing costs and downtime. Emerging Electric Vehicle Market Trends A key growth-shaping trend in the electric vehicle industry is the rising consumer acceptance. Consumers across both developing and developed regions are increasingly becoming aware of the environmental and economic benefits of electric vehicles. This is expected to fuel electric vehicle demand during the assessment period. Autonomous electric vehicles integrated featuring cutting-edge technologies are gaining immense traction as they offer an enhanced user experience. Their growing adoption will play a key role in boosting the electric vehicle market value throughout the assessment period. EV charging infrastructure is expanding significantly due to increasing investments from governments and electric vehicle charging companies. For example, in April 2025, four electric vehicle charging companies, including Ionity, Electra, Atlante, and Fastned, partnered to create Europe's largest and most trusted EV charging network. Such initiatives are expected to positively influence sales of electric vehicles. Analyst's View 'The global electric vehicle industry is expected to grow significantly, driven by increasing government incentives, rising environmental concerns, stricter CO₂ emission regulations, ongoing innovations in battery technology, and the rapid expansion of EV charging infrastructure,' said a senior analyst at CMI. Current Events and Their Impact on the Electric Vehicle Market Event Description and Impact Solid-State Battery Pilot Production Begins (Toyota) Description: Toyota has begun limited production of solid-state batteries for prototype vehicles, with commercial availability targeted for 2027. Impact: If successful, this may prompt automakers to reallocate R&D toward next-generation battery technologies, including solid-state and lithium-metal batteries. Competitor Insights Key companies in the electric vehicle market research report: - Tesla Inc. - BYD Company Ltd. - Kia Motors Corporation - Volkswagen AG - Toyota Motor Corporation - Hyundai Motor Company - General Motors Company - Nissan Motor Co., Ltd. - Ford Motor Company - BMW Group - Renault Group - Mitsubishi Motors Corporation - Daimler AG - Geely Automotive - SAIC Motor Corporation Limited Market Segmentation Vehicle Type Insights (Revenue, USD Bn, 2020 - 2032) Passenger Vehicles Commercial Vehicles Propulsion Technology Insights (Revenue, USD Bn, 2020 - 2032) Battery Electric Vehicles (BEVs) Plug-in Hybrid Electric Vehicles (PHEVs) Fuel Cell Electric Vehicles (FCEVs) Buy this Complete Business Research Report: Key Developments In May 2025, BYD introduced the Dolphin Surf EV to cater to rising demand for affordable vehicles across Europe. In November 2024, Kia officially unveiled a refreshed (facelifted) 2025 EV6 at the 2024 Los Angeles Auto Show. The new electric vehicle features styling updates, a larger battery, new tech features, and a new NACS charging port. About Us: Coherent Market Insights leads into data and analytics, audience measurement, consumer behaviors, and market trend analysis. From shorter dispatch to in-depth insights, CMI has exceled in offering research, analytics, and consumer-focused shifts for nearly a decade. With cutting-edge syndicated tools and custom-made research services, we empower businesses to move in the direction of growth. We are multifunctional in our work scope and have 450+ seasoned consultants, analysts, and researchers across 26+ industries spread out in 32+ countries.
Time of India
16-05-2025
- Business
- Time of India
Telecom rights, cybercrime prevention highlighted
Mangaluru: The Telecom Regulatory Authority of India (TRAI), Bengaluru, organised a ' Consumer Awareness Programme ' here on Friday, and highlighted various aspects of telecom rights , privileges, and cybercrimes. The programme was held in association with TRAI regional office Bengaluru, and St Joseph Engineering College, Vamanjoor. B Rajendra Kumar, regional head and adviser, regional office, TRAI, Bengaluru, was the chief guest for the event. His talk on 'Telecom Rights and Privileges' highlighted the legal and regulatory entitlements granted to telecommunication service providers. It emphasised the balance between facilitating network expansion and respecting public and private property rights. Additionally, the discussion addressed how govts and regulators safeguard consumer interests while ensuring fair competition among telecom operators. He also gave information about the benefits of the ' TRAI DND 3.0 ' app. The event included sessions by experts on 'Telecom Rights and Privileges' and 'Cybercrime/Cybertheft' for the benefit of students and faculty. The main objective of this programme was to safeguard consumer interests and create consumer awareness. TRAI organises consumer outreach programmes across the country to meet this objective. Rio D'Souza, principal, SJEC, in his address, overviewed the essentials of cyber security for protecting sensitive data, personal information, and critical infrastructure from unauthorised access, theft, or damage. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The $5,000 Hearing Aid Lie... Exposed! Prime Sound Learn More Undo In an increasingly digital world, strong cyber security helps individuals, businesses, and govts defend against various threats. Maruthi of cybercrime police station, Mangaluru, delivered a talk on 'Cybercrime/Cybertheft'. In his session, he gave valuable inputs on cybercrime, which help consumers understand the risks and precautions they must take in this digital age.
Yahoo
08-05-2025
- Business
- Yahoo
Active Cosmetics Market Insight Report 2025-2030, Profiling L'Oréal, Croda International, Givaudan, International Flavors & Fragrances (IFF), Shiseido and more
APAC leads with 36% market share, driven by a focus on natural ingredients. Key players like L'Oréal and Givaudan prioritize product innovation and acquisitions. This growth is fueled by heightened consumer awareness and readiness to invest in personal care. Active Cosmetics Market Dublin, May 08, 2025 (GLOBE NEWSWIRE) -- The "Active Cosmetics Market - Focused Insights 2025-2030" report has been added to Active Cosmetics Market was valued at USD 11.12 billion in 2024, and is projected to reach USD 23.28 billion by 2030, rising at a CAGR of 13.10%. APAC accounted for the largest share of over 36% in the global active cosmetics market and shows the highest growth during the forecast period. The Asia-Pacific (APAC) region is a major market for active cosmetics and is expected to see strong revenue growth in the future. People in this region prioritize natural ingredients that promote skin health more than in other regions. Consumers in APAC focus on achieving radiant skin, which drives the demand for active cosmetics. China is the largest market in the region, with a large consumer base and high awareness of cosmetic ingredients. This has led to significant market growth in the holds the second-largest global active cosmetics market share. This growth is mainly driven by increasing spending on beauty and personal care products and services, rising attention towards organic and natural ingredient-based cosmetic solutions, and a shift towards science-driven cosmetic product VENDORS ACTIVITIES In 2024, Givaudan's Active Beauty -one of the leading market players launched Iluminyl 388- a highly potent skin-brightening prebiotic with active ingredients to target multiple skin pigmentation pathways and is reinforced by prebiotic activity to cater to the requirements of diverse skin types. In 2024, Clariant Acquired Lucas Meyer Cosmetics, which offered active cosmetics products. Lucas Meyer Cosmetics was part of International Flavors & Fragrances till 2023. In 2023, L'Oreal rebranded its Active Cosmetics business to Dermatological Beauty to stand more clearly as a dermatologist's brand. As consumers become more aware of cosmetic ingredients and their benefits, the company wanted to be clearer about their brand and product's ingredients. KEY TAKEAWAYS By Product: In 2024, the liquid segment held the largest market share of over 58%. Liquid forms of active cosmetics, with their ease of rapid absorption, dispersion, and high effectiveness, are gaining significant popularity among cosmetic users. By Consumers: The women segment holds the largest share and shows the highest growth of 13.22% during the forecast period. There is a huge demand for active cosmetics among women due to high awareness, positive attitude of ready-to-pay more for personal care, and cultural and traditional interests. By Application: The skincare segment accounted for the largest global active cosmetics market share. The growing awareness, as well as concern about ingredients contained in skincare cosmetics, is one of the leading factors that accelerate the demand for skincare active cosmetics. By Distribution Channels: In 2024, the drug store/pharmacies segment accounted for the largest market share. Consumers majorly trust cosmetic products that are backed by clinical studies and sold through pharmacies as they are majorly formulated for dermatological occasions. By Geography: APAC accounted for the largest share of over 36% in the global active cosmetics market. In APAC, people give more importance to the natural ingredients that nurture skin health compared to other regions, thus helping market growth. Growth Factor: The global active cosmetics market is set to grow due to the growing attention of consumers towards cosmetic ingredients and the surge in demand for organic and natural beauty products. MARKET TRENDS & DRIVERS Hyaluronic Acid - An Emerging Active Cosmetic IngredientThe growing popularity of active cosmetics led to the increasing emergence of new active ingredients development in the cosmetic industry. Of these, some of the active cosmetic ingredients are hyaluronic acid, retinol, ceramides, niacinamide, and alpha-hydroxy acids; some others have become the center of attraction across the active cosmetic industry. Among all these emerging active cosmetic ingredients, hyaluronic acid has become a major choice among vendors as well as consumers. Hyaluronic acid will become a popular active cosmetic ingredient in 2024. It is a humectant ingredient that can hold 1000 times its weight in water, making it an excellent moisturizer. These properties make it one of the popular active cosmetic ingredients and are expected to be one of the most popular choices in upcoming Attention of Consumers Towards Cosmetic IngredientsSince the COVID-19 pandemic, consumers have become more ingredient-conscious/ingredient-savvy, often scrutinizing product labels to avoid potentially harmful or irritating chemicals. Also, consumers are willing to pay a premium for potential ingredients, rather than just relying on general cosmetic claims. The demand for clean cosmetic products developed without some controversial ingredients like sulfate, parabens, and phthalates has surged. Vendors are acknowledged by offering and formulating products to fulfill consumers' requirements and provide more effective and comprehensive ingredient lists on product labels. Recently, vegan and cruelty-free products have become one of the major choices among consumers. There is growing attention toward vegan and cruelty-free cosmetic products, with consumers looking for brands that do not test on animals or use animal-derived Attention and Ready-to-Spend Approach On CosmeticsWorldwide, beauty and cosmetics approaches are considered essential by consumers after the COVID-19 pandemic from 2020 to 2022. The increasing cost of living seems to have shifted peoples' spending priorities, growing focus on wellness and self-care over the past 3 years. Health and beauty spending has increased by 7% since the COVID-19 pandemic. Direct-to-consumer (DTC) cosmetic brands and beauty influencers are both adapting and influencing buyer preferences and their spending on in Demand for Organic and Natural Beauty ProductsNatural cosmetics are defined as products made from natural sources, containing minimum levels of synthetic substances, such as petrochemicals and parabens. Organic describes ingredients that are grown, harvested, and processed in a way fitting the United States Agriculture Department's (USDA) standards for organic agricultural products. There has been a recent surge in all-natural and organic cosmetic products. The growing adoption of chemical-free cosmetics, along with the rising disposable income and increasing standards of living in developing countries, is fuelling the demand for natural and organic personal care RESTRAINTS Challenges Associated with Securing Quality and Effective IngredientsWorldwide, the growing attention towards quality cosmetic ingredients and associated effects creates huge challenges for vendors to secure safe ingredients. Active ingredients used for active cosmetics are unique, costly, and rare to secure. One of the major challenges when it comes to sourcing or securing quality ingredients is ensuring timely delivery for suppliers while also balancing cost and quality. To ensure a streamlined supply of active cosmetics, ingredients vendors need to develop or source raw materials. The ingredients used in active cosmetics are costly to secure and source and the vendors need to invest significant costs that are challenging for small and medium-sized LANDSCAPEThe global active cosmetics market report contains exclusive data on 29 vendors. Leading brands are improving product efficiency and strengthening their market position. They have a strong brand image and a wide global presence. To stay competitive, they focus on strategies such as new product launches, advanced ingredient development, and acquisitions. These efforts help them expand their capabilities and gain a higher revenue share in the market. L'Oréal, Givaudan, Croda International, International Flavors & Fragrances, and Shiseido are some of the top companies with the highest market share in the global active cosmetics market. These companies provide high-quality and reliable active cosmetic solutions that meet consumer needs and international Vendors L'Oréal Croda International Givaudan International Flavors & Fragrances (IFF) Shiseido Other Prominent Vendors Active Lux Cosmetics AQ Cosmetics - Aquatonales Air Liquide Healthcare BASF Personal Care and Nutrition Beiersdorf Casida CLARIANT Coty Cosmetics Bulgaria DSM Evonik FOOTNESS Environ GalBaia, Natural Dermathecary Gattefosse Laboratoires Expanscience LipoTrue Lonza Naolys Nouryon Robertet Group Sabinsa sober care GmbH Skinbetter Science Key Attributes: Report Attribute Details No. of Pages 141 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $11.12 Billion Forecasted Market Value (USD) by 2030 $23.28 Billion Compound Annual Growth Rate 13.1% Regions Covered Global SEGMENTATION & FORECAST By Product Liquid Cream Others By Consumers Women Men By Application Skincare Haircare Others By Distribution Channels Drug Store/Pharmacies Mass Merchandisers Online Department Stores Others By Geography APAC China Japan India South Korea Australia Europe Germany France UK Italy Spain Netherlands North America US Canada Latin America Brazil Chile Mexico Columbia Argentina Middle East & Africa Saudi Arabia UAE South Africa Turkey For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Active Cosmetics Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
