Industrial Design Market for Global Analysis – Major Players, Size, Overview, Share, Growth, Trends and Outlook to 2030
The industrial design market was estimated at US$44733 million in 2020 growing at a CAGR of 5.83% over the forecast period.
PUNE, MAHARASHTRA, INDIA, March 24, 2022 /EINPresswire.com/ — Absolute overview of the markets released the latest analytical data titled Industrial design market. The detailed synopsis of statistical data has been assessed based on effective exploratory techniques such as primary and secondary research. The accurate data information has been researched by our proficient team with the help of distinctive applicable sales strategies beneficial to enhance the performance of market industries. The impactful structure of the industrial design market is positively attributed to the growth of the industries. Additionally, the report also focuses on other crucial restraints of the market, which gives an insight into the threats and challenges facing the business.
Various online and offline activities have also been researched, beneficial to quickly attract customers globally. Additionally, the report also assesses the impact of SWOT analysis and Porter’s Five model for the progress of the market.
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The industrial design market was estimated at US$44733 million in 2020 growing at a CAGR of 5.83% over the forecast period. The global industry is expected to reach US$60912 million by 2030. The rapid pace of industrialization has driven the growth of the global market. However, the lack of clarity in some sections of the sector of legal rules and regulations is expected to have a critical impact on the growth of the industry. Also, the growing demand for Internet of Things is expected to propel the industrial design market demand over the forecast period.
The type segment can be divided into product design, pattern design and manufacturing, user interface and interaction design, and other industrial design. Product design captured the highest share in 2020 and is expected to continue a similar trend over the forecast period. Industrial designers typically focus on a product’s physical appearance, functionality, and manufacturability, although they are often involved in much more during a development cycle. All of this ultimately extends to the overall lasting value and experience that a product or service provides to end users. Every object we interact with daily in our home, office, school or public place is the result of a design process. During this process, a myriad of decisions are made by an industrial designer (and their team) that aim to improve life through well-executed design.
Many large and small are reopening to welcome their employees back while adhering to social distancing guidelines. The COVID-19 pandemic has disrupted product development with restrictions on manufacturing units, uncertain demand, supply chain and travel restrictions. Industrial design agencies have adopted work-from-home policies and collaboration software to keep communication channels open to gain efficiency. Such a factor has driven the demand for industrial design in the recent past and is expected to continue a similar trend over the next eight years. The introduction of medical technology along with the reliance on interconnected devices to glean patient information and make informed decisions has led industrial design agencies to focus on portable design of devices to help patients healthcare workers. Custom procedure trays, for example, are tailored to the needs of surgeons. Design Academy Eindhoven graduate Laura Deschl has developed The Healing Imprint, a therapeutic garment that looks like sportswear but is designed to help heal trauma. Cutting-edge manufacturing company OPT Industries has used computer design techniques to create a medical swab that aims to improve clinical testing during the coronavirus pandemic and beyond.
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Some of the major players operating in the global industrial design market are:
• IDEO LLC
• Altran Technologies SA
• Bayerische Motoren Werke AG (design work)
• ARTOP Group
• Accenture PLC (Design Business)
• Group of ammunition
• Ziba design
• BlueFocus Intelligent Communications Group Co. Ltd.
• PDD Group Ltd.
• LUNAR design
• R&D design
• RKS design
• Bus design
• GK design group
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Industrial design market:
• By type
o Product design
o Design and manufacture of models
o User interface and interaction design
o Other industrial design
• By request
o Machinery and equipment
• By geography
• North America (United States, Canada, Mexico, rest of North America)
• Europe (France, United Kingdom, Spain, Germany, Italy, Nordic countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, Netherlands, Luxembourg), Rest of Europe
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Kuwait, South Africa, Rest of Middle East and Africa)
• Latin America (Brazil, Argentina, rest of Latin America)
Why buy this report?
• In-depth analysis of the latest trends and growth opportunities in different regions of the world
• Comprehensive assessment of recent technological advances and forecasts for the period ahead
• A comparative analysis of major players and emerging players in the industrial design market
• Authentic information on new product launches, organic and inorganic strategies, and more.
• Valuable insights into the impact of regulatory framework on the global industrial design market
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