Industrial Design Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 9/4/2017
SIC Codes: 7389
NAICS Codes: 541420
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Industrial Design Services Industry Profile

Companies in this industry create and develop designs for manufactured products. Major companies include Ammunition, and Designworks (owned by BMW), Frog Design, IDEO, RKS, and Smart Design, (all based in the US), as well as Alessi (Italy), BUSSE Design (Germany), PDD (UK), and Seymourpowell (UK).

Globally, applicants from China, Germany, and the US had the most registered industrial designs in 2014, according to the World Intellectual Property Organization (WIPO). Other leading countries included South Korea, Japan, France, the UK, and Italy.

The US industrial design services industry includes about 1,500 establishments (single-location companies and units of multi-location companies) with annual revenue of about $1.8 billion.

COMPETITIVE LANDSCAPE

Demand for industrial design is driven by consumer spending and advances in technology. The profitability of individual companies depends on efficient operations and effective marketing. Large companies have advantages in taking on multiple projects and serving major customers. Small companies can compete effectively by specializing. The industry in the US is concentrated: the top 50 companies account for about 55% of industry revenue.

Customers and prospects become competitors when they bring design services in-house rather than hire industrial design firms. Freelance designers may be competitors or contract labor.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services include product and packaging design, along with model design and fabrication. Companies that make consumer products engage industrial designers to develop, design, and oversee projects for new and upgraded products that are mass produced. Clients ...

 
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