1. Equipment
Equipment is a type of industrial product that is used to produce other goods. This can include things like machinery, tools, and vehicles.
2. Materials and components
Materials and components are a type of industrial product that are used to make other products. This can include things like raw materials, chemicals, and electronic components.
3. Supplies
Supplies are a type of industrial product that are used to support the production of other goods. This can include things like office supplies, janitorial supplies, and safety equipment.
Industrial products can be further classified into two categories:
1. Durable goods
Durable goods are industrial products that have a lifespan of more than one year. This includes things like machinery, vehicles, and buildings.
2. Non-durable goods
Non-durable goods are industrial products that have a lifespan of less than one year. This includes things like raw materials, chemicals, and supplies.