Industrial Design Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

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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"Owing to the presence of the two of the world's most populated countries in APAC (China and India), the share of the industrial design market of the region is expected to increase."

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.

Market Overview

The parent global specialized consumer services market covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation and industrial design, consumer auction services, wedding services, and funeral services. Technavio calculates the global specialized consumer services market size based on revenue generated by various specialized consumer service providers such as residential service, home security service, legal service, personal service, renovation and interior design services, consumer auction service, wedding service, and funeral service providers. The report excludes consumer services classified under casino and gaming; hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services category.

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.

You may be interested in:

Interior Design Services market - The market report is a comprehensive research document that provides in-depth qualitative and quantitative intelligence. Technavio's analysts estimate a market share growth of USD 34029.03 million from 2022 to 2027, at a CAGR of 5.16%.

Generative Design market - The market share is expected to increase to USD 175.3 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.21%.

Eastern Europe 3D Computer-aided Design (CAD) market - The market share has the potential to grow by USD 209.62 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 5.90%.

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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