Industrial Designers in the US - Industry Market Research Report
Description
Industrial Designers in the US
The world is far more carefully designed than many consumers expect. Nearly every purchasable item made of durable materials, from cars to clothes washers to resin manufacturing machines, must be thoughtfully created. Manufacturers of these many products hire industrial designers to improve the functionality, longevity, production efficiency and general value of a range of goods. Since the COVID-19 pandemic, consumer and business spending on durable investments has stimulated research and development (R&D), translating to greater use of design teams. Increases in healthcare spending sparked by the pandemic also necessitated a rethink of medical equipment. As a result of the recovering economy, revenue for the Industrial Designers industry has been rising, growing at an annualized 5.7% over the past five years, and is expected to reach $4.9 billion in 2023. Nonetheless, industry revenue growth is anticipated to slow, falling 1.1% in 2023 in line with record-high interest rates. The macroeconomic environment will heavily determine short-term income for designers.
This industry includes companies that primarily develop designs and specifications for mass-produced products. Services include deciding the materials, construction, mechanism, shape, color and surface finishes of products to improve their 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.
The world is far more carefully designed than many consumers expect. Nearly every purchasable item made of durable materials, from cars to clothes washers to resin manufacturing machines, must be thoughtfully created. Manufacturers of these many products hire industrial designers to improve the functionality, longevity, production efficiency and general value of a range of goods. Since the COVID-19 pandemic, consumer and business spending on durable investments has stimulated research and development (R&D), translating to greater use of design teams. Increases in healthcare spending sparked by the pandemic also necessitated a rethink of medical equipment. As a result of the recovering economy, revenue for the Industrial Designers industry has been rising, growing at an annualized 5.7% over the past five years, and is expected to reach $4.9 billion in 2023. Nonetheless, industry revenue growth is anticipated to slow, falling 1.1% in 2023 in line with record-high interest rates. The macroeconomic environment will heavily determine short-term income for designers.
This industry includes companies that primarily develop designs and specifications for mass-produced products. Services include deciding the materials, construction, mechanism, shape, color and surface finishes of products to improve their 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.
Table of Contents
52 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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