Industrial designers are hired primarily by manufacturers to improve the functionality, longevity and production efficiency of a range of goods. Over the past five years, increased consumer spending on cars, furniture and other durable goods have stimulated downstream demand for the industry's services, resulting in rising revenue. As these downstream industries have rebounded from tepid demand earlier in the period, total spending on research and development (R&D) budgets has grown, resulting in greater use of the industry's services. Over the coming years, consumers will increasingly seek highly differentiated, anesthetically pleasing and efficient products, ranging from cars to electronics to furniture, generating sustained demand for industrial designers.
This industry includes companies that primarily develop designs and specification for mass-produced products. This includes deciding the materials, construction, mechanism, shape, color and surface finishes of products in order to improve the product’s market appeal, production, use and maintenance. For example, industry operators design automobiles, furniture and packaging.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.