According to a new report, published by KBV research, The Global Life Cycle Assessment Market size is expected to reach $2.22 billion by 2032, rising at a market growth of 13.9% CAGR during the forecast period.
The Software segment is poised to grow at a CAGR of 14.7 % during the forecast period. Organizations increasingly use advanced LCA software solutions to facilitate accurate data collection, analysis, and reporting to reduce their environmental effect and comply with strict laws. The capabilities of LCA software are further enhanced by the integration of AI and machine learning, which allows for real-time monitoring and predictive analysis.
The Cloud segment captured the maximum revenue in the Global Life Cycle Assessment Market by Deployment Model in 2024, thereby, achieving a market value of $1.6 billion by 2032. This dominance is primarily attributed to businesses' increasing preference for flexible and scalable solutions. Cloud-based LCA platforms enable organizations to access assessment tools from anywhere, promoting collaboration across geographically dispersed teams. Cloud deployment is particularly appealing to companies of all sizes due to the reduced requirement for IT infrastructure and the capacity to integrate with other cloud-based systems.
The Cradle to Grave segment is experiencing a CAGR of 13.3 % during the forecast period. With the growing emphasis on sustainability in regulatory frameworks and consumer expectations, businesses are implementing cradle-to-grave LCA to comprehend the complete range of environmental impacts, from the extraction of basic materials to their disposal. This holistic approach helps companies identify improvement areas throughout production, usage, and end-of-life stages, making it especially valuable for manufacturing, automotive, and consumer goods industries.
The Large Enterprises segment led the maximum revenue in the Global Life Cycle Assessment Market by Enterprise Size in 2024, thereby, achieving a market value of $1.4 billion by 2032. This can be attributed to the robust financial resources and advanced technological infrastructure that large corporations typically possess. These companies are more likely to invest in comprehensive LCA solutions to ensure regulatory compliance, optimize supply chains, and enhance their sustainability image.
The Construction segment is growing at a CAGR of 12.6 % during the forecast period. Key drivers that promote the adoption of LCA are government regulations that mandate green building certifications, such as LEED and BREEAM, to assess the environmental impacts of building materials, construction processes, and energy consumption. Additionally, growing awareness of sustainable architecture and the need for resilient urban infrastructure push construction companies to integrate LCA into their project planning and execution.
Full Report: https://www.kbvresearch.com/life-cycle-assessment-market/
The North America region dominated the Global Life Cycle Assessment Market by Region in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $741.9 million by 2032. The Europe region is anticipated to grow at a CAGR of 13.7% during (2025 - 2032). Additionally, The Asia Pacific region would witness a CAGR of 14.8% during (2025 - 2032).
By Component
By Deployment Model
By Type
By Enterprise Size
By End-use
By Geography
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