Durable goods are defined as items that have a useful life of at least one year and can be used for personal or public consumption. Durable goods include furniture, appliances, electronics, clothing and automobiles. The durable goods field includes the following categories of products:
Consumer durables are items, such as furniture, appliances, electronics and other household items, which have a useful life of more than 1 year.
Consumer durables fields are items, such as furniture, appliances and electronics, that have a useful life of more than 1 year. Durable goods refer to tangible property used for personal or public consumption in everyday life.
Durable goods refers to tangible property used for personal or public consumption in everyday life. Examples include furniture, appliances, clothing and automobiles.
Durable goods refers to tangible property used for personal or public consumption in everyday life. Examples include furniture, appliances, clothing and automobiles.
Durable goods other than automobile (DBOA) includes durable goods such as machinery, electronics and machinery tools that have a useful life greater than one year and are not raw materials such as metal ore or coal that may be used in the production of finished goods.
The durable goods field includes the following categories of products:
The durable goods field includes the following categories of products:
-
Durable goods refer to items that have a useful life of more than one year. Examples include furniture, appliances and electronics.
-
This term is often used interchangeably with 'hardware'. However it should be noted that there are differences between both terms. Hardware refers to physical objects whereas durable goods refers to tangible property used for personal or public consumption in everyday life like appliances etc
Durable Goods Other than Automobile (DBOA) - Includes passenger cars, light trucks and non-passenger vans.
-
Durable Goods Other than Automobile (DBOA) - Includes passenger cars, light trucks and non-passenger vans.
-
Durable Goods - This category includes products such as appliances, electronic equipment and machinery that have a useful life of three years or more and are expected to be sold in the U.S. during that time period.
Durable Goods (DBO) - Includes durable goods that cannot be classified as either DBOA or DBCA.
Examples include office furniture and fixtures (e.g., desks, chairs, filing cabinets), lighting fixtures (e.g., table lamps), cooking equipment (e.g., tabletop gas stove and ovens), vehicles other than passenger cars and light trucks (e.g., motorcycles and bicycles).
Consumer durables sales represent approximately 85% of all US retail sales growth during 2016-2017, with comparable sales increasing by 10% over 2015 levels during the same period of time
Consumer durables sales represent approximately 85% of all US retail sales growth during 2016-2017, with comparable sales increasing by 10% over 2015 levels during the same period of time. The industry has been largely driven by rising demand for electric vehicles and connected devices such as smart phones, wearables and e-readers.
The consumer durables industry is expected to grow at a CAGR of 6% through 2021 according to International Data Corporation (IDC).
Conclusion
Consumer durables are items which have a useful life of more than 1 year. Durable goods refer to tangible property used for personal or public consumption in everyday life. Examples include furniture, appliances and electronics. The durable goods field includes the following categories of products:
No comments yet