+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Industrial Designers in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

  • PDF Icon

    Report

  • 87 Pages
  • July 2024
  • Region: United States
  • IBISWorld
  • ID: 239664

Sketched out: Consumers are expected to seek highly differentiated, aesthetically pleasing and efficient products, generating demand for industrial designers

The world is far more carefully designed than many consumers expect. Nearly every purchasable item made of durable materials, from cars to clothes washers to resin manufacturing machines, must be thoughtfully created. Manufacturers of these many products hire industrial designers to improve the functionality, longevity, production efficiency and general value of a range of goods. Since the COVID-19 pandemic, consumer and business spending on durable investments has stimulated research and development (R&D), translating to greater use of design teams. Increases in healthcare spending sparked by the pandemic also necessitated a rethink of medical equipment. As a result of the recovering economy, revenue for the Industrial Designers industry has been rising, growing at an annualized 5.7% over the past five years, and is expected to reach $4.9 billion in 2023. Nonetheless, industry revenue growth is anticipated to slow, falling 1.1% in 2023 in line with record-high interest rates. The macroeconomic environment will heavily determine short-term income for designers.

This industry includes companies that primarily develop designs and specifications for mass-produced products. Services include deciding the materials, construction, mechanism, shape, color and surface finishes of products to improve their market appeal, production, use and maintenance. For example, industry operators design automobiles, furniture and packaging.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Jacobs Engineering Group Inc.
  • Altair Engineering Inc.
  • Berlin Packaging L.L.C.
  • Bureau Veritas S A
  • Constantia Flexibles Group Gmbh
  • Elmwood Design Ltd.

Methodology

Loading
LOADING...