Industrial Design Services in Australia Industry Market Research Report Now Available from IBISWorld

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As the factors that drive industry demand have performed poorly, design firms have become more competitive when trying to win contracts and clients. For this reason, industry research firm IBISWorld has added a report on the Industrial Design Services industry in Australia to its growing industry report collection.

IBISWorld Market Research

IBISWorld Market Research

Competition is expected to remain intense as technological innovations further expose the industry to international industrial design firms.

Operators in the Industrial Design Services industry in Australia primarily provide clients with designs for new products that they are interested in manufacturing. According to IBISWorld industry analyst Ryan Kerin, “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. “Demand has only remained healthy in the mining and information and computer science segments, but competition in these markets is significantly more intense as many of the players in these industries have well-resourced research and development departments of their own,” says Kerin. Consequently, IBISWorld expects industry revenue to decline at an annualised 5.2% over the five years through 2014-15. In 2014-15, revenue is forecast to increase by 2.9% to $381.6 million. The industry displays low levels of market share concentration.

Over the next five years, competition is expected to remain intense as technological innovations further expose the Industrial Design Services industry to international industrial design firms and aspiring inventors who have a 3D printer. Local manufacturing is expected to perform better than over the past five years, which should help the industry to grow. Challenges will come in the form of the closure of the major vehicle manufacturers in 2017-18. This is expected to reduce demand for industry services, but government support for affected industries should help the industry return to growth quickly. The expectations of industrial design firms are also expected to increase as clients desire products that incorporate a thorough understanding of the economy and market they are being manufactured for. Therefore the industry is expected to undergo some consolidation, as firms that are unable to adapt are acquired or exit the industry.

For more information, visit IBISWorld’s Industrial Design Services industry in Australia report page.

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.

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IBISWorld Industry Report Key Topics

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.

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Gavin Smith
IBISWorld
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