The consumer durables industry is built around a number of different types of products. One of the biggest factors driving the consumer durables industry is the rise in home entertainment systems. Durable goods are manufactured goods that are designed to last a very long time, often years or even decades. Companies that produce durable goods include companies like Nike, Microsoft and Apple Inc. Durable goods such as cars, computers and cell phones are used in everyday life and make up a large part of consumer spending (Baker & Murphy 2013).
The consumer durables industry is built around a number of different types of products.
The consumer durables industry is built around a number of different types of products. Durables are manufactured goods that are designed to last a very long time, often years or even decades. They include cars, computers and cell phones. Consumer spending on durable goods has risen significantly over the past few years as more people buy new items like computers each year for work or home use.
This is an important part of our economy because it helps drive employment at many companies across various industries including transportation equipment manufacturers (like Caterpillar), pharmaceutical companies (like Merck) and appliance manufacturers (such as GE).
One of the biggest factors driving the consumer durables industry is the rise in home entertainment systems.
One of the biggest factors driving the what companies are in the consumer durables field is the rise in home entertainment systems. With more people opting to buy high-end TVs, stereos and other accessories, this trend has helped fuel growth for companies like Sony and Samsung. In fact, these two companies make up nearly half of all electronics sold in America today.
The rise in home entertainment systems is also helping drive a lot of innovation within this field as well; with new technologies like virtual reality coming into play over the past few years (and likely continuing to do so), it’s clear that innovation will continue at an accelerated pace going forward!
Durable goods are manufactured goods that are designed to last a very long time, often years or even decades.
Durable goods are manufactured goods that are designed to last a very long time, often years or even decades. These items can include appliances, furniture and toys. They make up a large part of consumer spending as well as providing many jobs in the United States economy.
Companies that produce durable goods include companies like Nike, Microsoft and Apple Inc.
Companies that produce durable goods include companies like Nike, Microsoft and Apple Inc.
Nike: The athletic apparel maker has been around since 1971. It’s famous for its “Just Do It” slogan and its signature swoosh logo. The company was founded by Phil Knight in 1964 with $40 million in capital funding from his father, who also owned a sporting goods store called Blue Ribbon Sports (now known as Sports Authority). Nike’s goal was to sell shoes directly to consumers without having to go through distributors or retailers first.
Microsoft: This software giant was founded in 1975 by two college dropouts named Paul Allen and Bill Gates who wanted an alternative to IBM’s operating system because they didn’t trust it enough—and so they created their own version called BASIC (Basic Input/Output System). Today Microsoft products are used worldwide on computers from laptops through smartphones; however their best known product is Windows XP which currently powers over 93% of all PCs sold worldwide today!
Durable goods such as cars, computers and cell phones are used in everyday life and make up a large part of consumer spending.
Durable goods are used in everyday life and make up a large part of consumer spending. These include cars, computers, cell phones and other technologies that are built to last long periods of time. The durable goods industry is currently worth $1 trillion per year, and it continues to grow at an annual rate of 5%.
The largest segment of this industry is automotive parts & accessories which accounted for $500 billion in revenue in 2017 (up from $420 billion in 2012). It has been growing faster than any other sector over the past five years due to demand for new types of vehicles such as electric cars or self-driving cars.
There are many companies that manufacture durable goods
- Nike
- Microsoft
- Apple Inc. ( iPhone )
- Tesla Motors Inc., the first American car manufacturer to enter the electric vehicle market with its Model S sedan.
- Google Inc., an Internet search engine founded by Larry Page and Sergey Brin in 1998. It has revolutionized our lives with its rapid growth, smart use of data and proactive approach to solving problems through innovation; this is how Google earns over $100 billion per year in revenue!
Conclusion
The consumer durables industry is a large part of the economy, and it continues to grow. It’s important to understand what companies are in this field so that you can know if they’re leaders or laggards when it comes to innovation. As we’ve seen here, there are many different types of companies in this space including tech giants like Apple Inc., which makes durable goods like computers and phones; fashion brands such as Nike (which makes shoes); consumer electronics manufacturers such as Microsoft Corporation; and more!
