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.

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

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

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: