IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Industrial Design Services procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Industrial Design Services - Recent Price Trend

In the three years to 2017, the average price of industrial design services has been growing moderately at an estimated average annual rate of 2.1%. While service prices have grown, harming buyers, low price volatility has somewhat promoted buyer negotiation power by reducing the likelihood of sudden price spikes. As such, buyers have maintained their ability to budget accurately for...

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Industrial Design Services - Total Cost of Ownership

Industrial design services have a moderate total cost of ownership (TCO). This level of TCO indicates that the cost of products and services that must be purchased in conjunction with design services amounts to between 50.0% and 100.0% of the average benchmark price over the course of a year. The majority of the hidden costs involved in the procurement of industrial design solutions are oriented...

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About this Report

This report is intended to assist buyers of industrial design services. Operators in this market supply industrial design services pertinent to automobiles, hand tools, packaging, furniture and tools, among other items. These services are designed to optimize the appearance, value, appeal, use and functionality of buyers' products. More specifically, providers of industrial design solutions help buyers decide on the materials, build, shape, color, surface finishes and other aspects of their products. This report excludes design for clothing, jewelry and footwear items.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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