Capital goods are produced by a diverse range of industries. General Electric, Ford Motor Company, and Boeing are just a few examples; each company specializes in a specific field. Understanding what companies are in the capital goods field is critical if you want to succeed in the market.
Your understanding of what they do will help you make decisions. The capital goods market is also referred to as the industrial sector.
Capital Goods Company Types
When determining which companies are in the capital goods industry, you must first understand the various categories. There are numerous business models in the capital goods industry. Here are a couple of examples:
- Railroad car manufacturers
- Shipbuilders
- Material handling equipment manufacturers
- Construction equipment manufacturers
- Equipment manufacturers
- Mining equipment manufacturers
- Oil and gas field machinery manufacturers
- Machinery manufacturers
To name a few, there are numerous businesses in the capital goods industry.
These industries are critical to supplying the world with essential goods and commodities. If you want to work for a company that manufactures goods, this is the industry for you.
What companies are in the capital goods field?
Many businesses operate in the capital goods industry, but a few, in particular, dominate the market, produce goods, or provide services that have a greater global or economic impact than others.
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So, which companies are involved in the capital goods industry? Now that we’ve gone over the various capital goods company categories, let’s take a look at some of the top businesses.
Among the outstanding businesses in this sector are the following:
Union Pacific operates in two industries: transportation and logistics. They produce agricultural, automotive, and intermodal goods in addition to coal and chemicals. The majority of railroad lines built in the United States serve approximately 10,000 people.
In 1892, General Electric, also known as “GE,” was founded in the manufacturing sector. GE is a multinational corporation headquartered in Boston and New York that provides services in a variety of industries, including aviation, power, renewable energy, and health care.
As a result, this company specializes in the development of electric motors, weapons, software, wind turbines, and aircraft engines, among other things. GE’s annual revenue exceeds $10 billion.
United Rentals, Inc. was founded in 1997 and is headquartered in Connecticut. It operates in the facilities management and construction industries, primarily providing equipment rental services. It is the world’s largest equipment rental company.
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United Rental rents out construction equipment, heavy machinery, and industrial vehicles. Clients include residential customers, utility corporations, local governments, and construction firms; they sell both new and used vehicles and equipment.
4. Boeing
This corporation, the world’s largest aerospace company, has three distinct business divisions: commercial aircraft, space and security, defense, and worldwide services. In addition, Boeing provides assistance to governments and airlines in over 150 other countries.
They also provide launchers, missiles, commercial and military planes, space satellites, electronic protection systems, and other services.
5. Caterpillar, Inc.
Caterpillar Inc., also known as Caterpillar or CAT, is a construction company that was founded in 1925. The company’s primary areas of development and production for mining and construction equipment are gas turbines, diesel-electric locomotives, and gas engines.
CAT has offices and facilities in over 180 countries and on all continents. Its three main market groups are the building, resource, energy, and transportation industries, which generate approximately $40 billion in annual revenue.
It also provides equipment for drilling, paving, hydraulics, and other tasks.
6. ABB
ABB is a company that works in the mining, utility, and energy industries. The company specializes in producing circuit breakers, switches, cable networks, control goods, and other electronic equipment. The company also provides system maintenance and installation services.
7. Northrop Grumman Corporation
Northrop Grumman is an aerospace and defense company that was founded in 1939.
Military aircraft, aerial vehicles, chainguns, autocannons, ammunition, satellites, rocket launch systems, stealth bombers, electronic systems, and other land and space defense items are all developed by the company.
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Northrop Grumman works in a variety of industries, including aerospace systems, defense systems, mission systems, space systems, and others. These industries all have various headquarters in the United States.
This company strives to regularly upgrade and replace current market products while developing new military products.
9. Ford Motor Company
Ford Motor Company is a multinational American automobile manufacturer headquartered in Dearborn, Michigan. Henry Ford, who possessed a natural talent for engineering, founded the company in 1903.
Ford began his engineering career in 1890 with the Detroit Edison Company. In 1896, he sold a gasoline buggy to raise funds for the development of a new car. Ford developed test gasoline engines during his lifetime.
Executives at the Detroit Edison Company suspected he was diverting time away from his regular work due to his hobby. In 1899, Ford was forced to resign from his position as chief engineer.
9. Lockheed Martin.
Lockheed Martin is another aerospace and defense company. Lockheed Martin was founded in 1995 and is headquartered in Maryland. Lockheed Martin’s revenue in 2021 is expected to be $67 billion.
They manufacture a wide range of products, including missiles, rotary and mission systems, fire control, and aeronautics. The primary product lines of Lockheed Martin are strike weapons, air missiles, and fire detectors.
10. Honeywell International, Inc.
Honeywell International Inc. is a high-tech corporation based in the United States that manufactures products for the automotive and aerospace industries, as well as control systems for residential and commercial buildings. Polymers, specialty chemicals, and engineered materials are also manufactured.
Honeywell’s standard products include engineered materials, polymers, specialty chemicals, and automotive components.
11. 3M
3M is headquartered in Minnesota, where it was founded in 1902. It is manufactured in over 200 countries and has over 60,000 product variations.
They make adhesives, window films, paint protection films, and other products. 3M manufactures electronics, automotive, dental, and medical products, as well as software for the healthcare industry.
Wrapping Up: What companies are in the capital goods field?
People who want to invent and create should work in the capital goods industry. Furthermore, it is an ideal setting if you want to be a part of the expanding supply chain that drives the global economy.
So, if you want to change the world while earning a good living, work in the capital goods sector! We hope that this article has provided an answer to the question, “What companies are in the capital goods field?”
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