Small Industrial Design Companies in the US are Likely to Face Closure as Competition Heats Up

published Apr 22, 2008
Small Industrial Design Companies in the US are Likely to Face Closure as Competition Heats Up
Research and Markets has announced the addition of Industrial Design Services in the US to their offering.

This industry comprises establishments primarily engaged in creating and developing designs and specifications that optimize the use, value, and appearance of their products.

These services can include the determination of the materials, construction, mechanisms, shape, color, and surface finishes of the product, taking into consideration human characteristics and needs, safety, market appeal, and efficiency in production, distribution, use, and maintenance.

Establishments providing automobile or furniture industrial design services or industrial design consulting services are included in this industry.

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.

Participants within this industry face a high level of competition.

Industry participants range from global-market oriented entities to small, industry- or location-specific companies.

Smaller companies are likely to face closure as international (particularly Asian) competitors claim greater market share.

On a more positive note, potential for growth will develop from the growing need for medical product suppliers to provide designs increasingly tailored to the elderly as the population ages.