For a specific consumer product, short of doing your own reliability test, there is no way of knowing or even predicting. There are, of course, generic MIL-HDBK-217, or Bellcore, reliability predictions, but there is no way to know whether your particular product choice fits the prediction.
In terms of structural materials, you have the manufacturer's material specifications, and you make a trade between how much you allow the material to be stressed, and how much cost or weight you can tolerate. Just bear in mind that no one is willing to pay for, in cost or weight, a system that will never fail.
TTFN
FAQ731-376