Are you searching for the companies that are in consumer durables field? Then this article is for you, kindly keep reading.
Before going to consumer durables field companies, let’s look at what consumer durables is.
What is Consumer Durables ?
Consumer Durables are Goods or item’s that does not quickly wear out. Consumer Durables products are expected to get a lifespan of at least three years or more.
Consumer Durables products includes; mobile homes, large and small appliances, furniture and furnishings, carpets and rugs, automobiles, rubber tires, lead-acid automotive batteries, boats, consumer electronics, luggage, sporting goods, household goods, and fine jewelry.
Is Consumer Durables Sector a Good Career Path?
Consumer Durables sector is a very good career path and also a recommend Investment choice.
The cyclical nature of consumer durables also makes the sector a good investment choice during an economic boom.
What Are the Characteristics of a Durable Good?
They characteristics of a durable goods is that they’re high quality products that lasts for a longer time.
What are the Top Companies in Consumer Durables Goods?
1. LG Electronics Inc
LG Electronics Inc. is a South Korean multinational electronics company headquartered in Yeouido-dong, Seoul, South Korea.
LG Electronics is a part of LG Corporation, the fourth largest chaebol in South Korea, and often considered as the pinnacle of LG Corp with the group’s chemical and battery division LG Chem.
2. Samsung Electronics Co
Samsung Electronics Co., Ltd is a South Korean multinational electronics corporation headquartered in Yeongtong-gu, Suwon, South Korea.
It is the pinnacle of the Samsung chaebol, accounting for 70% of the group’s revenue in 2012.
3. Apple Consumer
Apple Inc. is an American multinational technology company specializing in consumer electronics, software and online services headquartered in Cupertino, California, United States.
4. Nokia Corporation (Nokia)
Nokia Corporation is a Finnish multinational telecommunications, information technology, and consumer electronics corporation, established in 1865. Nokia’s main headquarters are in Espoo, Finland, in the greater Helsinki metropolitan area, but the company’s actual roots are in the Tampere region of Pirkanmaa.
Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washington, United States.