Industrial design firms primarily provide clients with designs for new products that they are interested in manufacturing. The industry has changed somewhat over the past five years, as the major markets in the Manufacturing division have shrunk or stagnated in response to the broader economic trends of a high Australian dollar and falling competitiveness with foreign manufacturers. As the factors that drive industry demand have performed poorly, design firms have become more competitive when trying to win contracts and clients.
This industry includes companies that primarily develop designs and specification for mass-produced products. This includes deciding the materials, construction, mechanism, shape, colour and surface finishes of products to improve their market appeal, production, use and maintenance.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.