Industrial Design Market Research Report – Global Forecast to 2030

Global Industrial Design Market Research Report: By Type (Product Design, Model Design and Fabrication, User Interface and Interaction Design, Other Industrial Design), By Application (Transportation, Electronic, Household, Machinery & Equipment, Others) - Forecast to 2030

ID: MRFR/ICT/5471-CR | February 2020 | Region: Global | 100 Pages         

1 Executive Summary

2 Market Introduction

2.1 Definition 14

2.2 Scope of the Study 14

2.3 List of Assumptions 15

2.4 Market Structure 15

3 Market Insights

4 Research Methodology

4.1 Research Process 19

4.2 Forecast Model 23

5 Market Trends

5.1 Introduction 25

5.1.1 Green Engineering- Focus on Energy Consumption 25

5.1.2 Rising Cloud Infrastructure & IoT 25

6 Market Factor Analysis

6.1 Value Chain Analysis 27

6.2 Porter’s Five Forces Model 27

6.2.1 Threat of New Entrants 28

6.2.2 Bargaining Power of Suppliers 28

6.2.3 Bargaining Power of Buyers 28

6.2.4 Threat of Substitutes 29

6.2.5 Intensity of Rivalry 29

7 Global Industrial Design Market, By Type

7.1.1 Overview 31

7.1.2 Product Design 31

7.1.3 Model Design and Fabrication 31

7.1.4 User Interface and Interaction Design 31

7.1.5 Other Industrial Design 32

8 Global Industrial Design Market, By Application

8.1 Overview 36

8.1.1 Transportation 36

8.1.2 Electronic 36

8.1.3 Household 36

8.1.4 Machinery & Equipment 36

8.1.5 Others 37

9 Global Industrial Design Market, By Region

9.1 Region 41

9.2 North America 43

9.3 US 48

9.4 Europe 52

9.5 Asia-Pacific 56

9.6 China 62

9.7 Japan 66

9.8 India 70

9.9 Southeast Asia 74

10 Competitive Landscape

10.1 Competitive Landscape 79

11 Company Profiles

11.1 IDEO LLC 82

11.1.1 Company Overview 82

11.1.2 Products/Services/Solutions Offered 82

11.2 Altran Technologies SA 83

11.2.1 Company Overview 83

11.2.2 Financial Overview 83

11.2.3 Products/Services/Solutions Offered 84

11.3 Bayerische Motoren Werke AG (Designworks) 85

11.3.1 Company Overview 85

11.3.2 Financial Overview 85

11.3.3 Products/Services/Solutions Offered (Designworks) 86

11.4 ARTOP Group 87

11.4.1 Company Overview 87

11.4.2 Products/Services/Solutions Offered 87

11.5 Accenture PLC (Designaffairs) 88

11.5.1 Company Overview 88

11.5.2 Financial Overview 88

11.5.3 Products/Services/Solutions Offered (Designaffair) 89

11.6 Ammunition Group 90

11.6.1 Company Overview 90

11.6.2 Products/Services/Solutions Offered 90

11.7 Ziba Design 91

11.7.1 Company Overview 91

11.7.2 Products/Services/Solutions Offered 91

11.8 BlueFocus Intelligent Communications Group Co. Ltd. 92

11.8.1 Company Overview 92

11.8.2 Financial Overview 92

11.8.3 Products/Services/Solutions Offered 93

11.9 PDD Group Ltd. 94

11.9.1 Company Overview 94

11.9.2 Products/Services/Solutions Offered 94

11.10 LUNAR Design 95

11.10.1 Company Overview 95

11.10.2 Products/Services/Solutions Offered 95

11.11 R&D Design 96

11.11.1 Company Overview 96

11.11.2 Products/Services/Solutions Offered 96

11.12 GK Design Group 97

11.12.1 Company Overview 97

11.12.2 Products/Services/Solutions Offered 97

11.13 RKS Design 98

11.13.1 Company Overview 98

11.13.2 Products/Services/Solutions Offered 98

11.14 Busse Design 99

11.14.1 Company Overview 99

11.14.2 Products/Services/Solutions Offered 99

 

12 List of Tables

TABLE 1 MARKET SYNOPSIS 12

TABLE 2 LIST OF ASSUMPTIONS 15

TABLE 3 GLOBAL INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018 (USD MILLION) 33

TABLE 4 GLOBAL INDUSTRIAL DESIGN MARKET, BY TYPE, 2020-2027 (USD MILLION) 34

TABLE 5 GLOBAL INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018 (USD MILLION) 38

TABLE 6 GLOBAL INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 39

TABLE 7 GLOBAL INDUSTRIAL DESIGN MARKET, BY REGION, 2013-2018 (USD MILLION) 41

TABLE 8 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY REGION, 2013-2018 (USD MILLION) 42

TABLE 9 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY REGION, 2013-2018 (USD MILLION) 43

TABLE 10 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY REGION, 2013-2018 (USD MILLION) 44

TABLE 11 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018 (USD MILLION) 44

TABLE 12 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020-2027(USD MILLION) 45

TABLE 13 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018 (USD MILLION) 46

TABLE 14 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020-2027(USD MILLION) 47

TABLE 15 US INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018 (USD MILLION) 48

TABLE 16 US INDUSTRIAL DESIGN MARKET, BY TYPE, 2020-2027(USD MILLION) 49

TABLE 17 US INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018 (USD MILLION) 50

TABLE 18 US INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 51

TABLE 19 EUROPE INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018 (USD MILLION) 52

TABLE 20 EUROPE INDUSTRIAL DESIGN MARKET, BY TYPE, 2020-2027(USD MILLION) 53

TABLE 21 EUROPE INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018 (USD MILLION) 54

TABLE 22 EUROPE INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 55

TABLE 23 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY REGION, 2013-2018 (USD MILLION) 56

TABLE 24 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY REGION, 2013-2018 (USD MILLION) 57

TABLE 25 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018 (USD MILLION) 58

TABLE 26 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY TYPE, 2020-2027(USD MILLION) 59

TABLE 27 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018 (USD MILLION) 60

TABLE 28 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020-2027(USD MILLION) 61

TABLE 29 CHINA INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018 (USD MILLION) 62

TABLE 30 CHINA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020-2027 (USD MILLION) 63

TABLE 31 CHINA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018 (USD MILLION) 64

TABLE 32 CHINA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 65

TABLE 33 JAPAN INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018 (USD MILLION) 66

TABLE 34 JAPAN INDUSTRIAL DESIGN MARKET, BY TYPE, 2020-2027 (USD MILLION) 67

TABLE 35 JAPAN INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018 (USD MILLION) 68

TABLE 36 JAPAN INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 69

TABLE 37 INDIA INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018 (USD MILLION) 70

TABLE 38 INDIA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020-2027 (USD MILLION) 71

TABLE 39 INDIA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018 (USD MILLION) 72

TABLE 40 INDIA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 73

TABLE 41 SOUTHEAST ASIA INDUSTRIAL DESIGN MARKET, BY TYPE, 2013-2018 (USD MILLION) 74

TABLE 42 SOUTHEAST ASIA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020-2027 (USD MILLION) 75

TABLE 43 SOUTHEAST ASIA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2013-2018 (USD MILLION) 76

TABLE 44 SOUTHEAST ASIA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 77

 

13 List of Figures

FIGURE 1 GLOBAL INDUSTRIAL DESIGN MARKET: MARKET STRUCTURE 15

FIGURE 2 GLOBAL MARKET SIZE & MARKET SHARE BY REGION (2013 VS 2027) 17

FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 22

FIGURE 4 VALUE CHAIN: GLOBAL INDUSTRIAL DESIGN MARKET 27

FIGURE 5 PORTER'S FIVE FORCES ANALYSIS OF THE GLOBAL INDUSTRIAL DESIGN MARKET 28

FIGURE 6 GLOBAL INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 33

FIGURE 7 GLOBAL INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 34

FIGURE 8 GLOBAL INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027(USD MILLION) 38

FIGURE 9 GLOBAL INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 38

FIGURE 10 GLOBAL INDUSTRIAL DESIGN MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 41

FIGURE 11 GLOBAL INDUSTRIAL DESIGN MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 41

FIGURE 12 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 43

FIGURE 13 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 43

FIGURE 14 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 44

FIGURE 15 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 45

FIGURE 16 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 46

FIGURE 17 NORTH AMERICA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 47

FIGURE 18 US INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 48

FIGURE 19 US INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 49

FIGURE 20 US INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 50

FIGURE 21 US INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 51

FIGURE 22 EUROPE INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 52

FIGURE 23 EUROPE INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 53

FIGURE 24 EUROPE INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027(USD MILLION) 54

FIGURE 25 EUROPE INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 55

FIGURE 26 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 56

FIGURE 27 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY REGION, 2020 TO 2027 (USD MILLION) 57

FIGURE 28 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 58

FIGURE 29 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 59

FIGURE 30 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 60

FIGURE 31 ASIA-PACIFIC INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 61

FIGURE 32 CHINA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 62

FIGURE 33 CHINA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 63

FIGURE 34 CHINA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 64

FIGURE 35 CHINA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 65

FIGURE 36 JAPAN INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 66

FIGURE 37 JAPAN INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 67

FIGURE 38 JAPAN INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 68

FIGURE 39 JAPAN INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 69

FIGURE 40 INDIA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 70

FIGURE 41 INDIA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 71

FIGURE 42 INDIA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 72

FIGURE 43 INDIA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 73

FIGURE 44 SOUTHEAST ASIA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 74

FIGURE 45 SOUTHEAST ASIA INDUSTRIAL DESIGN MARKET, BY TYPE, 2020 TO 2027 (USD MILLION) 75

FIGURE 46 SOUTHEAST ASIA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 76

FIGURE 47 SOUTHEAST ASIA INDUSTRIAL DESIGN MARKET, BY APPLICATION, 2020 TO 2027 (USD MILLION) 77

Industrial Design Market

Global Industrial Design Market is projected to expand at 4.63% CAGR over the forecast period (2020-2030)

Segmentation

By Type Product Design Model Design And Fabrication User Interface And Interaction Design Other Industrial Design
By Application Transportation Electronic Household Machinery & Equipment

Key Players

  • RKS Design (U.S.)
  • Busse Design (U.S.)
  • Designworks (BMW AG)
  • Accenture PLC (Ireland)
  • BlueFocus Intelligent Communications Group Co. Ltd. (China)
  • IDEO LLC (U.S.)
  • GK Design Group (U.S.)
  • Altran Technologies SA (France)
  • PDD Group Ltd. (U.K.)

Drivers

  • Green engineering and sustainable developments
  • Schemes introduced by governments worldwide for lowering carbon emissions
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Market Overview


Global Industrial Design Market is projected to expand at 4.63% CAGR over the forecast period (2020-2030), according to Market Research Future (MRFR) in its latest report. It can reach a size of USD 63.46 Billion by 2030. Industrial design is the process of designing products or equipment that can be manufactured on a massive scale and be used by customers on daily basis. The huge spending levels of customers and rapid pace of industrialization can influence the industry growth over the forecast period.


COVID-19 Analysis


The COVID-19 pandemic has disrupted product development with restrictions placed on manufacturing units, uncertain demand, and travel restrictions. Industrial design agencies have adopted work-from-home policies and collaboration software for keeping communication channels open to drive efficiency.  Sustainability goals by FMCG companies and emphasis on recyclability remain on the agenda for major industries. This can be beneficial to industrial design companies and provide them with contracts and projects.


Evolution of medical technology as well as the dependence on interconnected devices for gleaning patient information and making informed decisions has led to industrial design agencies focusing on portable designs of devices to assist healthcare workers. Customized procedure trays, for instance, are tailored according to the need of surgeons.


Market Dynamics



  • Drivers


Incorporation of IoT to Mitigate Production Process


The integration of IoT in production methods for expediting output can drive the global industrial design market. Reliance on the new technology in the coming years owing to its benefits and tools for incorporating advanced complicated design procedures can bode well for the market. Shift to a value-based business model by enterprises and rapid production methods adopted by manufacturing units can bode well for the global market. Manufacturers are undertaking new projects in India and China with proper execution strategies in place with compliance to COVID-19 restrictions. This is expected to drive the demand for product design and industrial design services as a whole.



  • Opportunities


Green Engineering


Green engineering and sustainable development is a viable opportunity for the industry to expand its scope over the forecast period. Sustainable schemes introduced by governments worldwide for lowering carbon emissions and encouraging the growth of environmentally viable sources for manufacture of products. The use of solar energy for meeting energy targets of industries is the right start for the global industrial design market. Industrial design can assist builders in adhering to latest environmental standards as well as gain incentives from green schemes.



  • Restraints


Adherence to Quality Standards


Green energy codes are minimum code requirement to be adhered for infrastructure developers to maintain energy efficiency. But real estate developers are having a hard time owing to high costs of sustainable materials and increased costs of buildings. Non-compliance of laws which bring in heavy penalties to the offender can restrain the market growth.



  • Challenges


Price Alignment


Alignment of prices with the end product is a challenge posed to the global industrial design market. The lack of product development team managers with deft experience for matching production quantity and quality can be challenging for designers.


Segment Analysis


By Type


Product Design to Gain the Lead


Product design is likely to gain the lead in the global market owing to the need for conceptual designs in any market by companies. The product design can be used as a differentiator in the industry and used in gaining a large consumer base. Consumer electronics companies, FMCG companies, and F&B companies invest heavily in R&D for developing new designs for products annually to top their sales margins. It can reach a value of USD 23,273.8 million by 2025. Design of surgical instruments is likely to take priority during the COVID-19 pandemic owing to instruments requiring precision. Huge need for healthcare devices such as incontinence pads and mobility aids can drive the segment demand over the forecast period.


By Application


Machinery & Equipment Segment to Dominate


The machinery & equipment segment is likely to dominate the global industrial design market owing to rapid industrialization globally. Countries are developing goods and streamlining their production process through automation for gaining leverage in international trade. Investments in machinery and equipment will go a long way in ensuring national growth. The segment can reach a valuation of USD 19,889.4 million by 2025.


Regional Analysis


APAC to Lead in Global Market


APAC is expected to lead in the global industrial design market owing to investment by leading players in countries of China, South Korea, Japan, and India. Adoption of IoT solutions by leading industrialists and huge potential for IoT applications can facilitate the trend. The expansion of the manufacturing sector and government efforts to capitalize on the large laborforce can bolster the market demand. The regional market can touch a valuation of USD 24,264.3 million by the end of the forecast period.


Europe to Contribute Heavily to Global Industrial Design Market


Europe is likely to contribute heavily to the global industrial design market owing to intellectual property laws being rolled out in the European Union for protecting patented industrial designs of products and components. Regulations for preventing third parties to use the patented design and commercialize on its success can drive players towards investing in the region. But lack of clarity on certain sections of the law can impede the regional market growth.


Competitive Landscape


Global Industrial Design Market is highly competitive with fluctuations in currency, volatile raw material prices, and presence of private and public companies. Economic conditions and industrial development are likely to shape the industry in the coming years.  Service upgrades, collaborations, and partnerships will gain traction over the forecast period for keeping services economical. The competition can intensify owing to collaborations and product developments.


Key Companies Covered in the Report    


RKS Design (U.S.), Busse Design (U.S.), Designworks (BMW AG), Accenture PLC (Ireland), BlueFocus Intelligent Communications Group Co. Ltd. (China), IDEO LLC (U.S.), GK Design Group (U.S.), Altran Technologies SA (France), PDD Group Ltd. (U.K.), Ziba Design (U.S.), R&D Design (U.S.), ARTOP Group (China), Ammunition Group (U.S.), and LUNAR Design (U.S.) are prominent players of the global industrial design market.


Recent Developments



  • Iptor has entered into a partnership with HARMAN for developing future solutions and providing cloud solutions for clients across publishing, pharmaceutical, and distribution businesses. Design developments comprising social collaboration, process automation, robotic support, and industry 4.0 are expected to drive the demand for industrial design.

  • The LG Wing G5 by LG has utilized industrial design to its full potential for its latest smartphone. It has integrated latest technologies and compatible with wireless communication technologies. It contains two display screens with the second one able to swivel horizontally with the help of hydraulic dampers.


Report Scope


Global Industrial Design Market report compiled by MRFR illustrates the trajectory of segments and sub-segments as well as supporting factor driving their growth. The report contains a comprehensive summary and explores all opportunities, trends, and threats to be faced by industry leaders in the coming years. It is segmented in the following manner:


By Type



  • User Interference and Interaction Design

  • Model Design and Fabrication

  • Product Design

  • Other Industrial Design


By Application



  • Electronics

  • Household

  • Machinery and Equipment

  • Transportation

  • Others



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 63.46 Billion (2030)
  CAGR   4.63% (2020-2030)
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Application
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   RKS Design (U.S.), Busse Design (U.S.), Designworks (BMW AG), Accenture PLC (Ireland), BlueFocus Intelligent Communications Group Co. Ltd. (China), IDEO LLC (U.S.), GK Design Group (U.S.), Altran Technologies SA (France), PDD Group Ltd. (U.K.), Ziba Design (U.S.), R&D Design (U.S.), ARTOP Group (China), Ammunition Group (U.S.), and LUNAR Design (U.S.)
  Key Market Opportunities

  • Green engineering and sustainable development is a viable opportunity for the industry to expand its scope over the forecast period. \r\n
  • Sustainable schemes introduced by governments worldwide for lowering carbon emissions and encouraging the growth of environmentally viable sources for manufacture of products.
  •   Key Market Drivers   Design developments comprising social collaboration, process automation, robotic support, and industry 4.0 are expected to drive the demand for industrial design.


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    Frequently Asked Questions (FAQ) :

    North-America is leading the global industrial design market in the present.

    Type and application are the segments included in the study.

    DEO LLC (U.S.), Altran Technologies SA (France), Designworks (BMW AG) are the key players included in the market as capitalizers.

    A CAGR of 4.63% is the growth rate for the market to expand in the forecast period.

    USD 63.46 Billion is the valuation expected for the market by 2030.

    Competitive Landscape


    The global industrial design market consists of various major as well as privately held consultants. Intense market competition, switching raw material cost, continuous fluctuations in currency, and increasing adoption of IoT and cloud-based services for personal and private purpose are likely to influence the dynamics of the industrial design market. The vendors compete for providing cost-efficient and convenient products and services to various industries and end-users. The raw material and component suppliers and manufacturers offer a wide range of products to various industry verticals ranging from transportation to healthcare. However, according to MRFR analysis, the growth of the industrial design consultants and raw material manufacturers is dependent on the market conditions as well as industrial development. IDEO LLC (US), Altran Technologies SA (Europe), Bayerische Motoren Werke AG (BMW) (Europe), ARTOP Group (China), Accenture PLC (Europe), Ammunition Group (US), Ziba Design (US), BlueFocus Intelligent Communications Group Co. Ltd (China), PDD Group Ltd. (Europe), LUNAR Design (US), R&D Design (US), GK Design Group (US), RKS Design (US), and BUSSE Design (US) are some of the prominent consultants competing in the market to provide better pricing of products in order to increase geographical presence and enhance the customer and industry engagement.


    These companies follow an organic as well as inorganic growth approach through service upgrades, partnerships, and collaborations to offer secure and cost-efficient services. The prominent players are highly focused on offering efficient product design to benefit users. Additionally, it is witnessed that improvements of the global economic scenario combined with an increase in the number of companys adopting IoT is fueling the growth of the market. The competitive environment in the market is likely to intensify further due to the increasing product/service extensions, technological innovations, and M&A.


    IDEO LLC engages in designing consulting services for organizations in multiple sectors worldwide. The company offers a variety of services in the areas of business and communication design, brand, consumer experience, research design, design thinking, education, digital experiences, designing the emerging market trends, energy, entertainment and media, engineering, and environmental designs.


    Altran Technologies SA is a consulting firm engaged in the provision of engineering and technological innovation services. Frog Design is a subsidiary of Altran Technologies SA. The company offers its clients unmatched services with extensive value proposition to fulfill their innovative needs and requirements.


    Designworks is a creative consultancy firm which is owned by Bayerische Motoren Werke AG (BMW), a company which engages in the selling and manufacturing of automobiles and motorcycles. The company operates through the following business segments: motorcycles, automotive, financial services, and a few other entities.


    ARTOP Group is a high-end comprehensive industrial design solution and service provider. The company operates in industrial designing, research and development, science projection, sales and promotion, manufacturing and production, and brand and related services. It offers designs based on the entire industry.


    Designaffairs, a consulting firm which designs software and hardware products is a subsidiary of Accenture PLC, which engages in the provision of technology, management consulting, and outsourcing services. The company operates through various segments such as media technology and communication; healthcare and public products and services; financial services and others.