Emerging Trends in Consumer Durables: Innovation, Sustainability, and Digital Transformation
Consumer durables have transformed industries and consumer experiences, driven by evolving technology, material science, sustainability, and digital advancements. The rise of AI, automation, and eco-consciousness has reshaped market demands, compelling businesses to develop efficient, durable, and user-friendly products. Consumer behavior, influenced by cultural, social, and psychological factors, increasingly favors smart, sustainable, and customizable solutions. Companies focus on intelligent design, eco-friendly materials, and flexible manufacturing to enhance usability and energy efficiency, strengthening brand loyalty and market distinction. Innovation plays a crucial role in product development, with high demand for smart home devices, electric vehicles, and wearables. AI-powered solutions optimize energy efficiency, while advancements in material science—composites, lightweight alloys, and 3D printing—enhance product durability and cost-effectiveness. Industry 4.0 technologies, including IoT and robotics, improve production efficiency, quality control, and customization. Sustainability remains a key driver of consumer behavior and innovation. Manufacturers emphasize energy efficiency, carbon reduction, and recyclable materials. Green technologies and resource-efficient manufacturing align with growing environmental concerns. Digital marketing, AI-driven recommendations, and immersive retail experiences further shape purchasing habits. Case studies of LG, Samsung, and Godrej highlight successful adoption of AI-driven appliances, energy-efficient systems, and sustainable refrigerants. Looking ahead, AI, digital twins, and the circular economy will redefine consumer durables, emphasizing durability, reparability, and recyclability. To remain competitive, businesses must integrate real-time data analytics, behavioral insights, and ethical AI. Collaboration among engineers, marketers, and policymakers is essential to ensuring future consumer durables align with technological advancements and user-centric sustainability.
Authors
- Anjali Mathur (ORCID: https://orcid.org/0000-0003-1336-6274)
- Sumita Sharda
- Anubhav Kumar (ORCID: https://orcid.org/0000-0002-0073-0607)
- Chandan Goswami (ORCID: https://orcid.org/0000-0002-5980-3073)
- Shraddha Sharma
Publication Details
- Published
- 2024-12-24
- DOI
- https://doi.org/10.53555/kuey.v30i1.10028
- Primary Topic
- Impact of AI and Big Data on Business and Society
- Type
- article
- Field-Weighted Citation Impact
- 0.00