Industrial Design Services Market by Type (Model Design & Fabrication, Product Design, User Interface & Interaction Design), Sourcing (Insourcing, Outsourcing), Product Type, Vertical - Global Forecast 2024-2030


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Industrial Design Services Market by Type (Model Design & Fabrication, Product Design, User Interface & Interaction Design), Sourcing (Insourcing, Outsourcing), Product Type, Vertical - Global Forecast 2024-2030


The Industrial Design Services Market size was estimated at USD 2.98 billion in 2023 and expected to reach USD 3.15 billion in 2024, at a CAGR 6.14% to reach USD 4.53 billion by 2030.

Global Industrial Design Services MarketIndustrial design services encompass a vast and specialized field of work devoted to designing and developing various products meant for mass production. It is a human-centered discipline that merges aspects of art, science, and business to create functional, sustainable, and aesthetically appealing products. Inclination towards reducing carbon emission footprint globally and growing demand to bridge varied professional disciplines and business interests are driving the market growth. In addition, advances in medical technology and the need for interconnected devices fuel market development. Concerns associated with space constraints to manufacture and store the products and issues related to product quality and equipment usage could be improved in market growth. Integration of cloud infrastructure and the Internet of Things in industries into industrial design services has brought about new opportunities in the market. Moreover, incorporating green and sustainable practices in design methodologies is expected to create significant growth opportunities in the market.Regional InsightsThe industrial design services sector in the Americas, particularly, has exhibited remarkable growth in the past decade. The north American market has continued to lead with innovation, higher digital technology adoption, and robust research and development investment. Meanwhile, burgeoning economies such as Brazil and Argentina in South America have shown increasing demand for industrial design services, with a significant rise in industrial infrastructure activities. Europe houses some of the oldest industrial design service industries globally, with countries such as Germany, France, and the United Kingdom at its helm. Their contribution has been pivotal, enriching the industry with a catalog of ground-breaking designs backed by astute technological progress. In comparison, the Middle East and Africa are characterized by an amalgam of emerging markets, exhibiting enormous potential for industrial design innovation despite challenges related to infrastructure and investment. The Asia-Pacific region, boisterously led by China, India, and Japan, displays a galloping pace in advancing its industrial design service industry. An impressive blend of traditional arts with modern technological prowess makes the APAC a distinct player in the global scenario. The increasing number of startups, coupled with favorable government policies and growing investments in technology and infrastructure, points to a prosperous future for this region's industrial design services market.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Design Services Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Design Services Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial Design Services Market, highlighting leading vendors and their innovative profiles. These include 4Design, A.T. Kearney, Accenture PLC, Advanta Design Group, Ammunition Group, Artop Group (HK) Limited, Aruliden by Material Holdings, LLC., Beyonddesign Inc., BlueFocus Intelligent Communications Group Co. Ltd., BonaudiDesign, BUSSE Design+Engineering GmbH, Cambridge Design Partnership Ltd, Capgemini SE, Celestica, Inc., Concepto Studios Inc., Deloitte Touche Tohmatsu Limited, Delve, DesignThink, Inc, Designworks by A BMW Group, Fahrenheit Design, LLC, Flextronics International, LTD., Gaia&Gino, GK Design International Inc., Hatch Duo, LLC, HLB, Jabil, Inc., Karten Design, Kritzer Design Studio by Always Good Co. LLC, Metaphase Design Group, Inc. by Apter Pharma, Mixer Design Group, Momentum Product Design by HTEC Group, PDD Group Ltd, Pensa, Pininfarina S.p.A. by Tech Mahindra, Pivot International, Planet Innovation Pty Ltd, Plexus Corp., RKS Design Inc., RSW GbR, Seymour Powell Limited, Smart Design LLC, Tactile Inc., Ticket Design Pvt Ltd, Whipsaw Inc., Ximedica, Ziba Design Inc., and ‍IDEO LP.

Market Segmentation & Coverage

This research report categorizes the Industrial Design Services Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
Model Design & Fabrication
Product Design
User Interface & Interaction Design
Sourcing
Insourcing
Outsourcing
Product Type
Digital
Physical
Vertical
Automotive & Transportation
Electronic Devices
Machinery & Equipment
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Industrial Design Services Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Design Services Market?
3. What are the technology trends and regulatory frameworks in the Industrial Design Services Market?
4. What is the market share of the leading vendors in the Industrial Design Services Market?
5. Which modes and strategic moves are suitable for entering the Industrial Design Services Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Industrial Design Services Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Inclination towards the reducing carbon emission footprint globally
5.1.1.2. Significant demand to bridge varied professional disciplines and business interests
5.1.1.3. Advancements in medical technology and need for interconnected devices
5.1.2. Restraints
5.1.2.1. Concern associated with space constraint to manufacture and store the products
5.1.3. Opportunities
5.1.3.1. Integration of cloud infrastructure and Internet of Things in industries into industrial design services
5.1.3.2. Incorporation of green and sustainable practices in design methodologies
5.1.4. Challenges
5.1.4.1. Issues related to product quality and equipment use
5.2. Market Segmentation Analysis
5.2.1. Type: Growing potential of user interface & interaction design in enhancing the digital experience
5.2.2. Sourcing: Rising demand for outsourcing of industrial design services to take advantage of external expertise and potential cost savings
5.2.3. Product Type: Significant adoption of digital industrial design services for faster processes, cost-effective iterations, and environmental sustainability
5.2.4. Vertical: Increasing use of industrial design services for smarter and more connected commuting solutions in the automotive and transportation sector
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Industrial Design Services Market, by Type
6.1. Introduction
6.2. Model Design & Fabrication
6.3. Product Design
6.4. User Interface & Interaction Design
7. Industrial Design Services Market, by Sourcing
7.1. Introduction
7.2. Insourcing
7.3. Outsourcing
8. Industrial Design Services Market, by Product Type
8.1. Introduction
8.2. Digital
8.3. Physical
9. Industrial Design Services Market, by Vertical
9.1. Introduction
9.2. Automotive & Transportation
9.3. Electronic Devices
9.4. Machinery & Equipment
10. Americas Industrial Design Services Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Industrial Design Services Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Industrial Design Services Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Merger & Acquisition
13.3.1.1. Kearney Acquires German Industrial Design Firm TEAMS
13.3.1.2. With the Acquisition of the Business of Optimal Design, Deloitte Further Expands Software and Product Engineering Services Portfolio
13.3.2. Agreement, Collaboration, & Partnership
13.3.2.1. A New Partnership for Digital Design & Product Development eXcellence
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. 4Design
14.1.2. A.T. Kearney
14.1.3. Accenture PLC
14.1.4. Advanta Design Group
14.1.5. Ammunition Group
14.1.6. Artop Group (HK) Limited
14.1.7. Aruliden by Material Holdings, LLC.
14.1.8. Beyonddesign Inc.
14.1.9. BlueFocus Intelligent Communications Group Co. Ltd.
14.1.10. BonaudiDesign
14.1.11. BUSSE Design+Engineering GmbH
14.1.12. Cambridge Design Partnership Ltd
14.1.13. Capgemini SE
14.1.14. Celestica, Inc.
14.1.15. Concepto Studios Inc.
14.1.16. Deloitte Touche Tohmatsu Limited
14.1.17. Delve
14.1.18. DesignThink, Inc
14.1.19. Designworks by A BMW Group
14.1.20. Fahrenheit Design, LLC
14.1.21. Flextronics International, LTD.
14.1.22. Gaia&Gino
14.1.23. GK Design International Inc.
14.1.24. Hatch Duo, LLC
14.1.25. HLB
14.1.26. Jabil, Inc.
14.1.27. Karten Design
14.1.28. Kritzer Design Studio by Always Good Co. LLC
14.1.29. Metaphase Design Group, Inc. by Apter Pharma
14.1.30. Mixer Design Group
14.1.31. Momentum Product Design by HTEC Group
14.1.32. PDD Group Ltd
14.1.33. Pensa
14.1.34. Pininfarina S.p.A. by Tech Mahindra
14.1.35. Pivot International
14.1.36. Planet Innovation Pty Ltd
14.1.37. Plexus Corp.
14.1.38. RKS Design Inc.
14.1.39. RSW GbR
14.1.40. Seymour Powell Limited
14.1.41. Smart Design LLC
14.1.42. Tactile Inc.
14.1.43. Ticket Design Pvt Ltd
14.1.44. Whipsaw Inc.
14.1.45. Ximedica
14.1.46. Ziba Design Inc.
14.1.47. ‍IDEO LP
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. INDUSTRIAL DESIGN SERVICES MARKET RESEARCH PROCESS
FIGURE 2. INDUSTRIAL DESIGN SERVICES MARKET SIZE, 2023 VS 2030
FIGURE 3. INDUSTRIAL DESIGN SERVICES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. INDUSTRIAL DESIGN SERVICES MARKET DYNAMICS
FIGURE 7. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY TYPE, 2023 VS 2030 (%)
FIGURE 8. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY SOURCING, 2023 VS 2030 (%)
FIGURE 10. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY SOURCING, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2030 (%)
FIGURE 12. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY VERTICAL, 2023 VS 2030 (%)
FIGURE 14. INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY VERTICAL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA INDUSTRIAL DESIGN SERVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. INDUSTRIAL DESIGN SERVICES MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. INDUSTRIAL DESIGN SERVICES MARKET SHARE, BY KEY PLAYER, 2023

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