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Durable Goods are products that are designed to last for a long period of time, typically three years or more. They are typically used for industrial or commercial purposes, but can also be used for personal use. Examples of durable goods include automobiles, furniture, appliances, and electronics. Durable goods are a subset of consumer goods and services, which are products and services that are purchased by individuals for their own use.
The durable goods market is an important part of the consumer goods and services industry. It is driven by consumer demand for products that are designed to last and provide value for money. The market is highly competitive, with companies competing to offer the best quality products at the most competitive prices.
Some of the major companies in the durable goods market include Apple, Samsung, LG, Sony, Ford, General Motors, and Whirlpool. Show Less Read more