Global Industrial Design Services Industry (2020-2027) – Key Market Trends and Drivers – ResearchAndMarkets.com

DUBLIN – (COMMERCIAL THREAD)–The “Industrial Design Services – Global Market Trajectory and Analysis” the report was added to ResearchAndMarkets.com offer.

The editor brings years of research experience to the 8th edition of this report. The 128-page report presents concise information on the impact of the pandemic on production and the buy side for 2020 and 2021. A short-term gradual recovery by key geography is also discussed.

Global Industrial Design Services Market To Reach $ 2.6 Billion By 2027

Amid the COVID-19 crisis, the global industrial design services market estimated at US $ 2.3 billion in 2020 is expected to reach a revised size of US $ 2.6 billion by 2027, with a growth at a CAGR of 1.9% over the analysis period 2020-2027.

Product design, one of the segments analyzed in the report, is expected to grow at a CAGR of 2.1% to reach US $ 897.4 million by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the model design and manufacturing segment is readjusted to a revised CAGR of 2.2% for the next 7 year period. This segment currently represents a 32.5% share of the global industrial design services market.

The United States accounts for over 29.4% of the global market size in 2020, while China is expected to grow at a CAGR of 1.5% for the period 2020-2027

The industrial design services market in the United States is estimated at US $ 666.6 million in 2020. The country currently accounts for a 29.41% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 453.1 million in 2027, after a CAGR of 1.5% through 2027. Other notable geographies include Japan and Japan. Canada, each to grow by 1.8. % and 1.3% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 1.4% CAGR while the rest of the European market (as defined in the study) will reach $ 453.1 million by 2027.

The segment of other industrial design services holds a share of 33.2% in 2020

In the global segment of other industrial design services, the United States, Canada, Japan, China and Europe will lead the estimated 1.4% CAGR for this segment. These regional markets representing a combined market size of US $ 603.5 million in 2020 will reach a projected size of US $ 663.1 million by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 290.3 million by 2027.

Competitors identified in this market include, among others:

  • BUSSE Design + Engineering GmbH

  • DesignworksUSA, Inc.

  • Frog design inc.

  • IDEO

  • PDD Group Ltd.

  • Design RKS, Inc.

  • Smart design

Main topics covered:

I. INTRODUCTION, METHODOLOGY AND SCOPE OF THE REPORT

II. ABSTRACT

1. MARKET OVERVIEW

  • Impact of Covid-19 and an impending global recession

  • Market shares of global competitors

  • Market share scenario of competitors in industrial design services in the world (in%): 2018E

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND FACTORS

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETETION

  • Total number of profiled companies: 65

For more information on this report, visit https://www.researchandmarkets.com/r/arowux


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