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Industrial Design Market by Product Type and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71790
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The industrial design market share is expected to increase by USD 12.51 billion from 2021 to 2026, at a CAGR of 4.72%.

This industrial design market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial design market segmentation by product type (product design, model design and fabrication, and other industrial design) and geography (APAC, North America, Europe, South America, and MEA). The industrial design market report also offers information on several market vendors, including Ammunition LLC, Bresslergroup, Designworks, IDEO LP, Karten Design, PDD Group Ltd., RKS DESIGN INC., Seymour Powell Ltd., TEAGUE, and WHIPSAW INC. among others.

What will the Industrial Design Market Size be During the Forecast Period?

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Industrial Design Market: Key Drivers and Trends

The increasing demand for computer-aided design (CAD) for manufacturing products is notably driving the industrial design market growth, although factors such as the availability of open-source and free industrial design platforms may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial design industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Design Market Driver

The increasing demand for computer-aided designs (CAD) for manufacturing products is one of the key factors boosting the industrial design market growth. CAD simplifies the design and production process and also increases the efficiency of the designer or engineer. The use of CAD is done in drawing, editing, and analyzing the object. CAD is extensively preferred in various major industrial design markets such as manufacturing, aerospace, electronics, and automobiles for designing prototypes, integral parts, or products as a whole. The increasing implementation of CAD software in the value chain of various industries is significantly driving the global industrial design market size growth.

Key Industrial Design Market Challenge

One of the significant challenges for industrial design market growth is the availability of free and open-source design platforms. The rising popularity of free industrial design solutions and architectural rending softwares have several advantages associated with them. These open-source solutions also provide an easy user interface and cost-efficiency for a number of architectural and design firms, thus hampering the growth of the global industrial design market.

This industrial design market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Industrial Design Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ammunition LLC
  • Bresslergroup
  • Designworks
  • IDEO LP
  • Karten Design
  • PDD Group Ltd.
  • RKS DESIGN INC.
  • Seymour Powell Ltd.
  • TEAGUE
  • WHIPSAW INC.

 

This statistical study of the industrial design market encompasses successful business strategies deployed by the key vendors. The industrial design market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial design market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Design Market?

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31% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the industrial design market in APAC. Market growth in this region will be slower than the growth of the market in the rest of the regions.

The increasing investment in construction, defense, automotive, and manufacturing industries by the public sectors and private enterprises will facilitate the industrial design market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Type Segments in the Industrial Design Market?

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The industrial design market share growth by the product design segment will be significant during the forecast period. Product designers in the industry focus on the physical appearance, functionality, and manufacturability of the products. The key agenda of the manufacturers is to speed up the production process efficiently and reduce waste and energy consumption simultaneously using industrial design software. The players in the manufacturing industry observe many new advances in processes and software for product designing. Therefore, the increasing demand along with development in technology in industrial design will positively influence the market segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial design market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Design Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.72%

Market growth 2022-2026

$ 12.51 billion

Market structure

Fragmented

YoY growth (%)

5.23

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 31%

Key consumer countries

US, China, Germany, Japan, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Ammunition LLC, Bresslergroup, Designworks, IDEO LP, Karten Design, PDD Group Ltd., RKS DESIGN INC., Seymour Powell Ltd., TEAGUE, and WHIPSAW INC.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Industrial Design Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive industrial design market growth during the next five years
  • Precise estimation of the industrial design market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial design industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial design market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product type

    • Market segments
    • Comparison by Product type
    • Product design - Market size and forecast 2021-2026
    • Model design and fabrication - Market size and forecast 2021-2026
    • Other industrial design - Market size and forecast 2021-2026
    • Market opportunity by Product type

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2021-2026
    • North America - Market size and forecast 2021-2026
    • Europe - Market size and forecast 2021-2026
    • South America - Market size and forecast 2021-2026
    • MEA - Market size and forecast 2021-2026
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Ammunition LLC
    • Bresslergroup
    • Designworks
    • IDEO LP
    • Karten Design
    • PDD Group Ltd.
    • RKS DESIGN INC.
    • Seymour Powell Ltd.
    • TEAGUE
    • WHIPSAW INC.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The industrial design market growth will increase by $12511.70 million during 2021-2026.
    The industrial design market is expected to grow at a CAGR of 4.72% during 2021-2026.
    Technavio has segmented the industrial design market by other1 (Product design, Model design and fabrication, and Other industrial design) and geographic (APAC, North America, Europe, South America, and MEA).
    Ammunition LLC, Bresslergroup, Designworks, IDEO LP, Karten Design, PDD Group Ltd., RKS DESIGN INC., Seymour Powell Ltd., TEAGUE, WHIPSAW INC. are a few of the key vendors in the industrial design market.
    APAC will register the highest growth rate of 30.75% among the other regions. Therefore, the industrial design market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the industrial design market growth are:
    • Increasing demand for computer-aided design (CAD) for manufacturing products
    The industrial design market vendors should focus on grabbing business opportunities from the product design segment as it accounted for the largest market share in the base year.
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