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Procurement Market Intelligence Report

Industrial Design Services
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Industrial Design Services?

What is the average price of Industrial Design Services?

This procurement report includes pricing information to help you purchase Industrial Design Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Industrial Design Services been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Industrial Design Services yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Industrial Design Services?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Industrial Design Services with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Industrial Design Services?

There are an estimated 12,979 suppliers of industrial design services in 2019. Market share concentration for industrial design services is low, with the top four companies accounting for less than 30.0% of total market revenue. Low barriers to entry have contributed to the market's fragmented state. Buyers benefit from low... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Competition

How do you attract new clients and retain existing clients?

How does your firm maintain a competitive edge?

What is your client turnover rate? How long do your contracts last, on average?

What incentives do you give to long-term clients to stay with your company?

Timeliness

What is your on-time delivery rate?

What checks and balances are in place to assure that the work is done on time without sacrificing quality?

What is your process for working on multiple projects concurrently?

What is your average turnaround time for design projects of this size?

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Key elements for every RFP

What should my Industrial Design Services RFP include?

Project Budget

Buyers should specify the total budget for the service.

Buyers should list miscellaneous design services not provided in the statement of work.

Buyers can consult the Benchmark Price section of this report for help creating a budget.

Selection Criteria

Buyers should prioritize design firms that are located nearby to reduce lead times.

Buyers should ask for a list of references from current and former clients.

Buyers should prioritize firms that can provide services in a timely manner.

Buyers should prioritize firms that have the capability to provide product testing services.

Buyers can consult the Buying-Decision Scorecard section of this report for help selecting a vendor.

Project Schedule

Buyers need to indicate the date when proposals are due.

Buyers should specify the desired contract length and the potential for contract renewals.

Evaluate major factors to mitigate risk

How risky is the Industrial Design Services supply chain?

The supply chain for industrial design services poses a low level of risk and has remained largely unchanged during the past three years. Suppliers source the majority of their inputs from computer stores, packaged software publishers and office supply stores, which pose a low degree of risk to industrial design... Subscribe to learn more.

HIGH

MEDIUM

LOW