U.S. consumer
The consumer market represents individuals and families purchasing goods and services for personal consumption. The consumer market excludes business or government purchases, or other non-personal investments.
Size
According to the Bureau of Economic Analysis, U.S. consumers collectively bought goods and services worth $10,092 billion in 2009.
Market Segments
The consumer market is segmented into goods and services. In 2009, U.S. consumers spent $3,257 billion on goods and $6,835 on services.
Goods
Goods include durables such as cars and furniture, and non-durables such as food, clothing and gasoline.
Services
Services include items such as housing, electricity, phone, cable, Internet, health care, airlines, trains, buses, restaurants and banks.
Trends
As of 2009, U.S. consumers had the highest collective buying power relative to all other nations. As the U.S. population grows, consumer demand for goods and services should increase for the foreseeable future.
Tags: goods services, consumer market, 2009 consumers