According to the report, the Industrial Design Market is likely to rise at a CAGR of 4.63% over the 2020-2030 forecast period, having been valued at USD 32,546.5 million in 2013. The market is expected to almost double in value over the forecast period, with a valuation of USD 63.46 Billion expected for the market by 2030.
Market Research Future (MRFR) has announced a new report on the global industrial design market. Extensive data aggregation on the global industrial design market is performed in the report with the help of dynamic primary and secondary research methods. Top-down and bottom-up approaches are used to figure out the market’s overall standing in the global marketplace and the relative role of each segment within the overall market.
Leading players profiled in the report include R&D Design (U.S.), Ammunition Group (U.S.), PDD Group Ltd. (U.K.), IDEO LLC (U.S.), Designworks (BMW AG), BlueFocus Intelligent Communications Group Co. Ltd. (China), RKS Design (U.S.), Ziba Design (U.S.), Busse Design (U.S.), ARTOP Group (China), Altran Technologies SA (France), GK Design Group (U.S.), Accenture PLC (Ireland), and LUNAR Design (U.S.).
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Global Industrial Design Market is projected to expand at 4.63% CAGR over the forecast period (2020-2030)
The global growth prospects of the industrial design market are analyzed by compiling the growth prospects of its various segments. The competitive landscape and segmentation of the global industrial design market are assessed in detail to provide pointers as to how players can succeed in the various components of the market over the coming years.
Green engineering is likely to be a major component of the global industrial design market over the forecast period. The industrial design market is expected to be dominated by trends regarding the environmental viability of manufacturing processes as well as the use of environmentally feasible, renewable energy sources in the production of the designed products. Environmentally oriented manufacturing processes are likely to become more popular in the industrial sector over the coming years, shaping the trajectory of the industrial design market as an influential factor.
The global industrial design market is segmented by type and application.
By type, the market is segmented into product design, model design and fabrication, user interference and interaction design, and other industrial design. Product design is likely to remain the most important segment of the global industrial design market over the forecast period due to its prime importance in any manufacturing sector, rising to a value of USD 23,273.8 million by 2025.
By application, the global industrial design market is segmented into transportation, electronics, household, machinery and equipment, and others. The machinery and equipment segment is likely to remain the leading contributor to the global industrial design market over the forecast period due to the strong growth of the industrial sector in countries round the world. The segment is likely to rise to a valuation of USD 19,889.4 million by 2025, followed by the electronics segment with USD 16,261.5 million.
Asia Pacific is likely to remain the leading contributor to the global industrial design market and is likely to extend its lead at the top of the market’s charts due to the growing investment in the industrial sector. The Asia Pacific is also likely to benefit from the growing adoption of IoT solutions in these and other countries in the region, which represent an untouched market for the IoT industry and are likely to emerge as leading consumers of IoT solutions over the coming years.
The manufacturing sector in countries such as India, Korea, Thailand, Taiwan, and Japan is likely to boost spectacularly in the coming years due to the growing government efforts to make the most of the human capital available in these countries and increasing investment by foreign players in these markets. This is also likely to be a major driver for the industrial design market in Asia Pacific over the forecast period, which is expected to reach a valuation of USD 24,264.3 million by the end of the forecast period.
Table of Content
2.1 Definition 14
2.2 Scope Of The Study 14
2.3 List Of Assumptions 15
2.4 Market Structure 15
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List of Table
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, 2019-2025 (Usd Million) 34
Table 5 Global Industrial Design Market, By Application, 2013-2018 (Usd Million) 38
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