Consumer durables are goods that are intended to be used for a long period of time by consumers, typically more than three years. These goods are often expensive, require a significant investment, and are considered to be high-ticket items. Examples of consumer durables include appliances, electronics, furniture, and automobiles.
Consumer durables are an important part of the global economy. They are typically manufactured by large corporations and sold through retail outlets. The demand for consumer durables is influenced by a variety of factors, including consumer preferences, disposable income, and overall economic conditions. The market for consumer durables is highly competitive, and companies must continually innovate and offer new products to remain competitive.