As technology becomes more prevalent in everyday life and products become more standardized, companies require something beyond marketing to sell their goods. That is where the Industrial Design Services industry comes in. Rising corporate profit and strengthening consumer spending has bolstered industry revenue over the five years to 2019. Looking forward, the industry is anticipated to continue growing strongly as a result of changing consumer preferences and expanding research and development budgets.
This industry includes companies that primarily develop designs and specification for mass-produced products. This includes deciding the materials, construction, mechanism, shape, color and surface finishes of products in order to improve the product’s market appeal, production, use and maintenance. For example, industry operators design automobiles, furniture and packaging.
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.