Industrial Design Market Size Expected to Grow by USD 12.51 Billion | APAC will occupy 31% of the global market


One of the major growth drivers for this market is the growing demand for computer-aided design (CAD) for product manufacturing. Furthermore, increasing urbanization and rising disposable incomes will further accelerate the growth of the market over the forecast period. However, the availability of free and open-source design platforms will reduce the growth potential of the market. Technavio expects the size of the industrial design market to increase by $12.51 billion between 2021 and 2026. However, the growth momentum is expected to slow down at a CAGR of 4.72% during the forecast period.

Industrial Design Market: Segment Highlights for 2020

  • By product type, the market has seen strong growth in the product design segment.
  • The segment is driven by the increased emphasis on a product’s physical appearance, functionality and manufacturability.
  • Also, the increasing use of latest technologies such as autonomous robots, augmented reality, additive manufacturing, big data and analytics, simulation platforms, horizontal and vertical application integration, IoT (IIoT), cybersecurity systems, cloud computing and cognitive computing will fuel the growth of the segment.
  • Market growth in the segment will be significant over the forecast period.

Regional analysis

  • 31% of the growth will come from the APAC region.
  • The region will present significant growth opportunities for market vendors.
  • The increasing construction of commercial and industrial buildings is one of the key factors driving the growth of the Asia-Pacific market.
  • China, Japanand India are the main markets for APAC industrial design.
  • Market growth in APAC will be slower than market growth in other regions.

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  • The industrial design market size is expected to accelerate at a CAGR of 4.72% during the forecast period.
  • The industrial design market is segmented by geography (APAC, North America, Europe, South Americaand MEA) and Product (Product Design, Pattern Design and Manufacturing, and Other Industrial Design).
  • The market is fragmented due to the presence of numerous established vendors holding a large market share.
  • The research report offers information on several market vendors including Ammunition LLC, Bresslergroup, Designworks, IDEO LP, Karten Design, PDD Group Ltd., RKS DESIGN INC., Seymour Powell Ltd., TEAGUE, and WHIPSAW INC.

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Industrial Design Market Scope

Report cover


Page number


Year of reference


Forecast period


Growth momentum and CAGR

Slowing down to a CAGR of 4.72%

Market Growth 2022-2026

$12.51 billion

Market structure


Annual growth (%)


Regional analysis

APAC, North America, Europe, South America and MEA

Successful market contribution

APAC at 31%

Main consumer countries

United States, China, Germany, Japan and India

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Ammunition LLC, Bresslergroup, Designworks, IDEO LP, Karten Design, PDD Group Ltd., RKS DESIGN INC., Seymour Powell Ltd., TEAGUE and WHIPSAW INC.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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