Consumer goods are products purchased and consumed by consumers to satisfy their basic needs and requirements. Consumer goods are also known as final products which are obtained from production and manufacturing process. These goods are available at supermarkets, wholesalers, retailers, local stores and stationeries. Foods, beverages, automobile... Read More
Consumer goods are products purchased and consumed by consumers to satisfy their basic needs and requirements. Consumer goods are also known as final products which are obtained from production and manufacturing process. These goods are available at supermarkets, wholesalers, retailers, local stores and stationeries. Foods, beverages, automobiles, footwear, clothing, household furnishings, and jewellery are various types of consumer goods which are easily available to the consumers. These goods are used in day to day life by consumers to fulfil their requirements.
Consumer goods are classified into consumer services, durable and nondurable goods. Non-durable goods have short life span. They are generally consumed or purchased for instant use. Examples of non-durable goods are clothing, packed foods and beverages and others. Durable consumer goods have long term usage and more life span than nondurable goods. Durable goods have a warranty period and are less frequently purchased than nondurable goods due to their high cost. These goods can be machineries and automobiles. Consumer services are produced and consumed at the same instant of time. They are intangible and inseparable in nature. Examples of consumer services are auto repairs, haircuts and others.
Consumer goods are also classified in the way they are purchased or brought from the market. They can be categorized as convenience consumer goods, speciality consumer goods, shopping consumer goods and unsought consumer goods. Convenience consumer goods are general goods are regularly used and easily available goods. They can daily use goods like bread, milk, sugar and other packed foods and articles.
Speciality consumer goods are high quality and luxurious goods which are normally purchased by higher class people. Normal and low class people cannot afford this goods. They include designer jewellries luxury cars and other furnishings. Shopping consumer goods are decision based goods which are purchased according to comfort, brand, style and type. Unsought consumer goods are least used consumer goods which are purchased for specific purpose and needs. They are not generally consumed.
Consumer goods sector has experienced growth due to increase in the incomes and subsequent augmentation of the spending power of customers. The database gives a detailed outlook of the sub-categories like Apparel, Consumer Packaged Goods, Demographics, Footwear, Jewelry, Pet Services and Supplies, Sporting Goods, Tobacco Products and Toys and Games.
Decision Databases make a vigilant research on the reports. We provide an access to the exclusive collection of companies in this industry. Find the consumer goods industry’s market and industry analysis databases of the leading companies.
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