Industrial Design Services

World Market Report

MCP15878

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DATE

OCT 2022

TABLES

51

PAGES

251

EDITION

9

PRICE

USD 4950

CODE

MCP15878


COMPETITIVE METRICS

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HIGHLIGHTS & REPORT INDEX

What`s New for 2022?

» Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Global Industrial Design Services Market to Reach $2.9 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Industrial Design Services estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027. Product Design, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$1.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Model Design & Fabrication segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $597.6 Million, While China is Forecast to Grow at 4.6% CAGR
The Industrial Design Services market in the U.S. is estimated at US$597.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$422.4 Million by the year 2027 trailing a CAGR of 4.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.Other Types Segment to Record 2.8% CAGR
In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 2.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$456.7 Million in the year 2020 will reach a projected size of US$553.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

SELECT PLAYERS

Accenture plc; Ammunition Group; ARTOP GROUP’s; DesignworksUSA; Frog Design Inc.; GK Design International Inc.; IDEO LLC; Lunar Design; PDD Group Ltd.; R&D Design Group; RKS Design Inc.; Smart Design; Ziba Design

SEGMENTS

» Type (Product Design, Model Design & Fabrication, Other Types)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
Progress on Vaccinations: Why Should Businesses Care?
With IMF’s Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish about an Economic Comeback Despite a Continuing Pandemic
EXHIBIT: A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
EXHIBIT: Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
Design Industry in the Post-Pandemic Era
Industrial Design Services – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Industrial Design: A Prelude
An Introduction to Industrial Design Services
Product Design Service
Global Market Prospects & Outlook
Recent Market Activity
Analysis by Type: Product Design Services to Flourish as Companies Seek Competitive Edge
EXHIBIT: World Industrial Design Services Market by Type (2021 & 2027): Percentage Breakdown of Revenues for Product Design, Model Design & Fabrication, and Other Types
Regional Analysis
EXHIBIT: World Industrial Design Services Market (2021 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
EXHIBIT: World Industrial Design Services Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, USA, Rest of World, Europe, Canada, and Japan
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Various Components of Critical Importance in Industrial Engineering and Designing Services
Key Industrial Design Trends in Brief
Generative Design Takes Industrial Design Market by Storm
Growing Significance of Evoking Emotion in Customers to Create Product Sensation
Advanced Tools Expected to Revolutionize Design
Digital Engineering Push in the Post COVID-19 Period to Revive Opportunities for Industrial Design Services
EXHIBIT: COVID-19 Has Created an Environment Where Digital Transformation Equals Survival: Global Digital Transformation Spending (In US$ Billion) for Years 2017 Through 2023
IoT Integration to Fuel Demand for Industrial Design Services
EXHIBIT: Global Investments in Industrial IoT (IIoT) Platforms (In US$ Million) for the Years 2018, 2022 and 2025
EXHIBIT: Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
EXHIBIT: Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
Green Engineering, Environmental Sustainability to Create Demand for Design Services
EXHIBIT: Global Greenhouse Emissions by Sector: 2020
Energy-Efficient Design Gets Prominence
Role of Industrial Designers in Manufacturing Process
Manufacturing Supply Chain Affected by the Pandemic
EXHIBIT: % Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020
Big Data Provides Real-Time Data for Faster Decision Making, thus Transforming Industrial Design Services
EXHIBIT: Explosion of IoT Big Data Catalyzes the Need for Big Data Analytics for Insight Generation Needed for Informed Decision-Making & Value Creation: IoT Big Data Generated by Connected Devices Worldwide (In Zettabytes) for the Years 2020 & 2025
Computer-Aided Design (CAD) and Computer-Aided Engineering Gaining Prominence
EXHIBIT: World Engineering Software Market by Software Type (2020): Percentage Breakdown of Revenues for Computer-Aided Engineering (CAE), Electronic Design Automation (EDA), Architecture, Engineering & Construction (AEC), Computer-Aided Designing (CAD), and Computer-Aided Manufacturing (CAM)
EXHIBIT: World Engineering Software Market by Application (2020): Percentage Breakdown of Revenues for Product Design & Testing, Design Automation, Drafting & 3D Modeling, Plant Design, and Other Applications
Relevance in Automotive Industry
EXHIBIT: World Automobile Production in Million Units: 2008-2022
Established Use in Aerospace & Defense Sector
EXHIBIT: COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020E
Rising Adoption of 3D Printing Augurs Well
EXHIBIT: Global 3D Printing Market Size (in US$ Billion) for the Years 2019, 2022 and 2025
Key Challenges faced by the Industrial Design Industry
4. GLOBAL MARKET PERSPECTIVE
World Recent Past, Current & Future Analysis for Industrial Design Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Industrial Design Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Industrial Design Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027
World Recent Past, Current & Future Analysis for Product Design by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Product Design by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Product Design by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
World Recent Past, Current & Future Analysis for Model Design & Fabrication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Model Design & Fabrication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Model Design & Fabrication by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
World 15-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027
UNITED STATES
Industrial Design Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
USA Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
USA Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
USA 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
CANADA
Canada Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Canada 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
JAPAN
Industrial Design Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Japan 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
CHINA
Industrial Design Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
China Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
China Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
China 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
EUROPE
Industrial Design Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe Recent Past, Current & Future Analysis for Industrial Design Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2020 through 2027 and % CAGR
Europe Historic Review for Industrial Design Services by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Industrial Design Services by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2021 & 2027
Europe Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Europe 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
FRANCE
Industrial Design Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
France Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
France Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
France 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
GERMANY
Industrial Design Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Germany Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Germany 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
ITALY
Italy Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Italy 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
UNITED KINGDOM
Industrial Design Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
UK Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
UK Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
UK 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
REST OF EUROPE
Rest of Europe Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Rest of Europe 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
ASIA-PACIFIC
Industrial Design Services Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Asia-Pacific Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Asia-Pacific 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027
REST OF WORLD
Rest of World Recent Past, Current & Future Analysis for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types - Independent Analysis of Annual Revenues in US$ Million for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Industrial Design Services by Type - Product Design, Model Design & Fabrication and Other Types Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2012 through 2019 and % CAGR
Rest of World 15-Year Perspective for Industrial Design Services by Type - Percentage Breakdown of Value Revenues for Product Design, Model Design & Fabrication and Other Types for the Years 2012, 2021 & 2027

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