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Home ➤ Information and Communications Technology ➤ Software and Services ➤ Industrial Design Market
Industrial Design Market

Industrial Design Market

Published date: May 2022 • Formats:
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  • Home ➤ Information and Communications Technology ➤ Software and Services ➤ Industrial Design Market

Global Industrial Design Market By Type (Product Design, Model Design And Fabrication, User Interface And Interaction Design, And Other Industrial Design), By Application (Transportation, Electronic, Household, Machinery & Equipment, And Other), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2019-2028

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  • Major Market Players
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    Market.US announces publication of its most recently generated research report titled, “Global Industrial Design Market by Product Type (Product Design, Model Design and Fabrication, User Interface and Interaction Design, Other Industrial Design), By Application (Transportation, Machinery & Equipment, Electronic, Household) and by Region – APAC Forecast to 2031”, which offers a holistic view of the Global Industrial Design Market through systematic segmentation that covers every aspect of the target market.

    The Global Industrial Design Market is projected to be US$ 38,914.4 Mn in 2021 to reach US$ 59,520.8 Mn by 2030 at a CAGR of 4.8%.

    Industrial design is a process of design applied to products that are to be manufactured by mass production. It is the creative act of determining and defining a product’s form and features, which takes place in advance of the making of the product.

    Moreover, the demand for consumer-centric products as opposed to product-centric that most manufacturers used to rely on has increased, a growing number of industry players are now adopting these solutions to better cater to their respective target audiences. This is another major factor that is anticipated to have a significant impact on the market growth of this global sector in the years to come.

    trending_up Total Revenue in 2018

    $ 38,914.4 Mn

    trending_up Market CAGR of the Next Ten Years

    4.8%

    no_encryption Market Value (US$ Mn), Share (%) and Growth Rate (%) Comparison 2012-2028
    Purchase this report or a membership to unlock the market value (US$ Mn), share (%) and growth rate (%) comparison for this industry.
    • By Type
    • By Region
    • By Application
    no_encryption Leading Companies Financial Highlights
    Purchase this report or a membership to unlock the leading companies financial highlights for this industry.

    trending_up Market Revenue of the Next Ten Years

    $ 59,520.8 Mn

    However, with the onset of the COVID-19 pandemic, the operations of numerous industries across the world have been greatly impacted, the global industrial design market is no exception. And as countries around the globe gradually begin to lift imposed lockdowns and other restrictions, this industry is anticipated to make a steady recovery, albeit significant economic losses registered during said duration.

    Global Industrial Design Market Revenue (US$ Mn), 2020–2030

    Global Industrial Design Market Revenue 2020-2030

    That being said, this very same pandemic has led to a spike in the demand for products that require no or minimal human contact/touch to function, which is slated to result in an increasing demand for industrial design services in the near future.

    In addition to this, a growing number of businesses are now channeling their focus towards higher adoption of technological innovations such as artificial intelligence to improve the qualitative and quantitative aspects of their respective products. This is another major factor that is expected to further augment the revenue growth of the global industrial design market over the forecast period.

    With respect to ‘product type’ market segmentation, in 2020, the product design sub-segment accounted for 40.5% of the global industrial design market’s revenue shares, and is anticipated to register a CAGR of 5.7% over the forecast period.

    Global Industrial Design Market Attractiveness Analysis by Type, 2021–2030

    Global Industrial Design Market Attractiveness Analysis 2021-2030

    On the basis of ‘application’ market segmentation, the transportation sub-segment accounted for the maximum number of revenue shares in 2020, with an attractiveness index of 4.1. However, the electronics sub-segment is expected to achieve the highest CAGR of 6.1% by 2030.

    Markets in the Asia Pacific region accounted for the highest number of revenue shares (42.4%) generated by this industry in 2020, and are expected to register a CAGR of 5.1% over the forecast period.

    The research report on the global Industrial Design market includes profiles of some of the major companies such as are McKinsey & Company Inc. (Lunar Design), BlueFocus Communication Group Co. Ltd. (Fuse Project), Frog Design Inc. (Aricent, Inc.), IDEO, GK design group, PDD Innovation, Ammunition Group, Artop Group, Busse Design, and Designworks.

    Segmentation of the Global Industrial Design Market:

    Based on Product Type

    • Product Design
    • Model Design & Fabrication
    • User Interface & Interaction Design
    • Other Industrial Design

    Based on Application

    • Transportation
    • Machinery & Equipment
    • Electronic
    • Household

    Based on Region

    • North America
    • Europe
    • APAC
    • South America
    • MEA

     Key Players:

    • McKinsey & Company Inc. (Lunar Design)
    • BlueFocus Communication Group Co. Ltd. (Fuse Project)
    • Frog Design Inc. (Aricent Inc.)
    • IDEO
    • GK Design Group Inc.
    • PDD Group Ltd.
    • Ammunition Group
    • Artop Design Group Inc.
    • Busse Design USA Inc.
    • Designworks

    For the Industrial Design Market research study, the following years have been considered to estimate the market size:

    Attribute Report Details

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Industrial Design Market
    Industrial Design Market
    Published date: May 2022 • Formats:
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    • McKinsey & Company Inc. (Lunar Design)
    • BlueFocus Communication Group Co. Ltd. (Fuse Project)
    • Frog Design Inc. (Aricent Inc.)
    • IDEO
    • GK Design Group Inc.
    • PDD Group Ltd.
    • Ammunition Group
    • Artop Design Group Inc.
    • Busse Design USA Inc.
    • Designworks
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