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

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.

Industrial 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 Insights

The 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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial Design Services Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Inclination towards the reducing carbon emission footprint globally
Significant demand to bridge varied professional disciplines and business interests
Advancements in medical technology and need for interconnected devices

Market Restraints

Concern associated with space constraint to manufacture and store the products

Market Opportunities

Integration of cloud infrastructure and Internet of Things in industries into industrial design services
Incorporation of green and sustainable practices in design methodologies

Market Challenges

Issues related to product quality and equipment use

Market Segmentation Analysis

Type: Growing potential of user interface & interaction design in enhancing the digital experience
Sourcing: Rising demand for outsourcing of industrial design services to take advantage of external expertise and potential cost savings
Product Type: Significant adoption of digital industrial design services for faster processes, cost-effective iterations, and environmental sustainability
Vertical: Increasing use of industrial design services for smarter and more connected commuting solutions in the automotive and transportation sector

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Design Services Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Industrial Design Services Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

A New Partnership for Digital Design & Product Development eXcellence

Jama Software and Engineering Group’s Industries eXcellence division joined forces in a strategic consulting partnership. This collaboration aims to optimize industrial product design and delivery. With Jama Connect, a powerful requirements management platform, teams can define, design, and develop products in a collaborative environment. The platform also offers Live Traceability, which enables faster time-to-market and improved product quality. Additionally, Engineering Industries eXcellence brings a wealth of experience in engineering services and a global network of digital transformation experts. Through this partnership, they strive to deliver exceptional industrial design services, leveraging their expertise and cutting-edge technologies.

Kearney Acquires German Industrial Design Firm TEAMS

Kearney acquired TEAMS, a German industrial design firm that operates in four locations worldwide. TEAMS' design studios are expected to become an integral part of Kearney's Product Excellence and Renewal Lab, which provides strategic guidance to organizations seeking to revitalize their product offerings. This move aligns with Kearney's commitment to helping companies adapt to changing customer expectations and achieve various objectives, such as increased profitability and sustainability. By combining their expertise, Kearney and TEAMS aim to support businesses in reinventing their products to meet evolving market demands and stay ahead of the competition.

With the Acquisition of the Business of Optimal Design, Deloitte Further Expands Software and Product Engineering Services Portfolio

Deloitte acquired a significant portion of Optimal Design Co.'s assets, a provider of product engineering services in the industrial design sector. This strategic collaboration between Deloitte and Optimal Design's talented team aims to unlock innovation and drive digital transformation for their clients. The acquisition of Optimal Design is part of Deloitte's ongoing efforts to expand its presence in the product engineering industry through strategic acquisitions. By incorporating Optimal Design's capabilities, Deloitte can now offer comprehensive services, ranging from product ideation to prototype development.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Design Services Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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

Please 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. 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
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 Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
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. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. A New Partnership for Digital Design & Product Development eXcellence
13.3.2. Kearney Acquires German Industrial Design Firm TEAMS
13.3.3. With the Acquisition of the Business of Optimal Design, Deloitte Further Expands Software and Product Engineering Services Portfolio
13.4. Strategy Analysis & Recommendation
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio

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