The consumer goods industry is enormous. It accounts for nearly 6.9% of the global GDP and is one of the most important sectors for job creation. There are numerous subsectors within the consumer goods industry that keep things interesting and challenging. This industry includes a wide range of businesses, from apparel to food. So, what companies are in the consumer durables field?
What Exactly Are Durable Goods?
Understanding what durable goods are is necessary before learning about the companies involved in the consumer durables industry.
Durable goods, according to economists, are items that do not quickly wear out or, more specifically, those that provide utility over time rather than being fully consumed in one use.
Bricks, for example, may be considered perfectly durable goods because they should never wear out. Durable goods are frequently purchased infrequently because they typically last for several years.
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Vehicles and home furnishings are examples of consumer durable goods. Washing machines, dryers, refrigerators, air conditioners, computers, televisions, and other electronic devices are also included.
What Companies Are In The Consumer Durables Field?
Consumer durables are goods that have a long lifespan and are used infrequently, as opposed to non-durable goods. Furniture, appliances, and electronics are examples of consumer products in this category.
If you want to work for a company that sells these types of goods, you might be wondering what kinds of companies exist in this field.
Here’s the listing of what companies are in the consumer durables field.
The Most Well-Known Durables Companies
So, which companies are involved in the consumer durables industry? Some of the most well-known manufacturers of durable goods are:
1. Whirlpool Corporation
Whirlpool Corporation is a multinational corporation that manufactures and sells household appliances to meet domestic and international demand. They manufacture and sell appliances such as refrigerators, washing machines, air conditioners, microwave ovens, and other electronic devices. The corporation’s headquarters are in Benton Charter Township, Michigan, in the United States.
Significant Advantages of Working for Whirlpool Corporation
- Health and wellness insurance
- Financial and Retirement Planning
- Bonus for performance.
- Parenting and Family (Leave for Maternity and Paternity)
- Time off and vacation.
- Advantages and benefits (Discount for Employees)
- Professional assistance. (Tuition & Job Training)
Important Facts About the Company
- Benton Harbor, Michigan is the headquarters.
- Manufacturing is the industry.
- Brand leadership, product leadership, operational excellence, people excellence, innovation, manufacturing, diversity and inclusion, social responsibility, environmental sustainability, and marketing are all specialties.
- Employees: 78,000 people (2020).
- Revenue: $19.45 billion USD (2020).
- Net income: $1.08 billion USD (2020).
- US$20.35 billion in total assets (2020).
2. Canon, Inc.
Canon Inc. is a Japanese corporation founded in 1937 that specializes in imaging and business equipment. It has formed alliances with a number of countries, including Canon Pvt. Ltd., to market and sell sophisticated digital imaging products and solutions. It must be at the top of the list when asked, “What companies are in the consumer durables field?”
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Canon, whose company slogan is “Always Delighting You,” always provides cutting-edge technology and a diverse range of products and services.
Canon Inc. sells printers, inkjet and laser printers, document and cheque scanners, digital cameras, mirrorless cameras, cinematic imaging products, surveillance cameras, and medical imaging equipment.
Important Advantages of Working for Canon Inc.
- Work-Life Balance.
- Professional Development Possibilities
- A Whole-Body Approach to Wellness
- Insurance for Health Care.
Important Facts About the Company
- Headquarters: Ohta-Ku, Tokyo.
- Industry: Retail Office Equipment.
- Specialties: Manufacturing imaging technologies.
- Employees: 197,673 employees (2017).
- Revenue: ¥3.59 trillion US$32.67 billion (2019).
- Net Income: ¥125.11 billion, US$1.14 billion (2019).
- Total Assets: ¥4.77 trillion US$43.35 billion (2019).
3. Sony Corporation
Sony Inc., or simply Sony, is a Japanese multinational conglomerate corporation headquartered in Minato, Kan, Tokyo. Sony is a leading manufacturer of consumer and professional electronics.
Sony Electronics is a market leader in consumer and professional audio/video electronics and information technology products. Research and development, engineering, sales, marketing, distribution, and customer service are all part of the company’s activities.
Important Advantages of Working for Sony Corporation
- Work-Life Balance is Proper.
- Pay and benefits
- Job security and advancement are adequate.
- Management that is well-maintained.
Important Facts About the Company:
- Headquarters: Tokyo.
- Entertainment Providers are an industry.
- Electronics, games, entertainment, and financial services are some of our specialties.
- Employees: 109,700 workers (2020).
- 8.999 trillion (US$81.38 billion) in revenue (2021).
- 1.191 trillion (US$10.77 billion) in net income (2021).
- 26.354 trillion (US$238.31 billion) in total assets (2021).
4. Philips Ltd.
Philips Ltd is one of the world’s leading consumer product companies. Gerard and Anton Philips founded the company in 1891.
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The company has a global presence. Philips Ltd manufactures a wide range of goods, including home appliances, lighting, medical equipment, and audio equipment. The company is one of the top ten consumer goods companies in the world.
Significant Advantages of Working at Philips Ltd.
- Health coverage.
- HSA (Health Savings Account) (HSA).
- Insurance for life.
- Account for Flexible Spending
- Supplemental life insurance is available.
- Insurance against accidental death and dismemberment.
Important Facts About the Company
- Amsterdam, Noord-Holland is the headquarters.
- Hospitals and health care are two industries.
- Healthcare, Medical Devices, Health Systems, Cardiology, Healthtech, Oncology, Respiratory, Fertility, Pregnancy, and Connected Care are some of the specialties.
- Employees: 81,592 workers (2020).
- € 1.542 billion in revenue (2020).
- Profit: €1.195 billion (2020).
- €27.713 billion in total assets (2020)
5. LG Corporation
LG is one of South Korea’s largest corporations. It is one of the country’s top ten largest conglomerates. This company has numerous business units that operate in various industries.
If you’re wondering, “Who are the companies in the consumer durables industry?” It has a strong presence in electronics, home appliances, and petrochemicals. LG Corp. is the answer. It has a significant presence in many Asian countries.
LG is a major manufacturer of appliances such as refrigerators, freezers, washers, dryers, and dishwashers. These products are available in over 128 countries. Since its inception in 1958, it has remained a major player on the global stage.
Significant Advantages of Working at LG Corp.
- Insurance and health care.
- Financial and Retirement Planning
- Bonus for performance.
- Paternity and Maternity Leave
- Paid time off and vacation.
- Employees receive a discount.
- Professional assistance.
- Job training and education.
Important Facts About the Company:
- Seoul, South Korea, is the headquarters.
- Manufacturing of computers and electronics
- Consumer Electronics, Home Appliances, Air Conditioning, Home Entertainment, Mobile Communications, Solar, Display Technology, and B2B Products are some of our specialties.
- 75,000 or more employees (2020)
- KRW 74.72 trillion in revenue (2021).
- KRW 3.87 trillion in net income (2021).
- KRW 48.21 trillion in total assets (2020).
6. Samsung Electronics
Samsung, headquartered in Seoul, is one of the most well-known names in the consumer durables industry. It is a South Korean multinational electronics and information technology company that accounts for approximately 20.3% of the country’s GDP.
Samsung is a household name in the consumer durables industry. The company manufactures consumer durables such as smartphones, laptop computers, and television sets, with a strong emphasis on research and development.
Significant Advantages of Working at Samsung
- Health and wellness insurance
- Financial and Retirement Planning
- Bonus for performance.
- Paternity and Maternity Leave
- Time off and vacation.
- Advantages and Advantages (Employee Discount).
- Professional assistance.
Important Facts About the Company
- Suwon-Si, Gyeonggi-Do, South Korea, is the headquarters.
- Manufacturing of computers and electronics
- Specialties include technology, smartphones, television, and home appliances.
- Employees: 287,439 workers (2021).
- KRW 279.6 trillion in revenue (2021).
- KRW 9.9 trillion in net income (2021).
- KRW 426.6 trillion in total assets (2021).
7. Apple Consumer
Apple is a tech behemoth based in Silicon Valley that specializes in consumer electronics and computer software. The iPhone, iPad, MacBooks, and Apple TV are among the company’s products. Apple is one of the biggest names in consumer durables, with a strong brand name and a large consumer base.
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Important Advantages of Working at Apple Consumer
- You can be in a good mental and physical state of mind.
- There is a family-friendly medical plan that covers fertility treatments.
- Paid parental leave and a gradual return to work are provided.
- Paid leave also includes time spent caring for a sick family member.
Important Facts About the Company
- Cupertino, California is the headquarters.
- Manufacturing of computers and electronics
- Innovative Product Development, World-Class Operations, Retail, and Telephone Support are some of our specialties.
- Employees: 154,000 people (2021).
- US$365.82 billion in revenue (2021).
- Net Profit: $94.68 billion (2021).
- US$351.02 billion in total assets (2021).
8. Microsoft Corporation
The following company is Microsoft. In the case of someone looking for companies in the consumer durables industry that are also interested in software development. Then there’s this American multinational computer software corporation headquartered in Redmond, Washington. With a market capitalization of approximately $2.109 trillion, it is one of the most successful companies in the world.
In addition to its products and services, the company provides a wide range of other goods and services. Surface tablets, laptops, and computer software are among its consumer durables. Its software includes the Microsoft Office suite as well as other productivity applications.
Important Advantages of Working for Microsoft Corporation
- Retirement strategy
- Plan for employee stock purchases
- Matching charitable gifts
- Bonus based on performance.
- Options on a stock.
- Plan for equity compensation.
- Compensatory workers’ compensation.
Important Facts About the Company
- Redmond, Washington is the headquarters.
- Software Development is an industry.
- Specialties include business software, developer tools, home, and educational software, and so on.
- Employees: 221,000 people (2023).
- US$198.3 billion in revenue
- Net income: $72.7 billion USD
- US$364.8 billion in total assets
9. Panasonic
Panasonic is a Tokyo-based Japanese multinational conglomerate corporation. They are one of the most well-known companies in the world, providing a wide range of consumer durables. It has a good selection of consumer durables, such as the Dream Vacuum Cleaner. Panasonic also manufactures the Toughbook Laptop, Lumix Cameras, and Air Conditioners.
Significant Advantages of Working at Panasonic Ltd.
- Health coverage.
- Workplace Education.
- Soft Skill Development.
- Free transportation.
- Outings with the team.
- Work at home.
- Cafeteria.
Important Facts About the Company
- Headquarters are in Newark, NJ.
- Manufacturing of Appliances, Electrical, and Electronics
- Complete home, business, and industrial solutions are our specialties.
- Employees: 2,40,198 workers.
- 9.09 trillion in revenue
- Net Profit: $200.71 billion
- 5.22 trillion in total assets
10. Toshiba
Last but not least is Toshiba. The headquarters of this Japanese multinational conglomerate electronics and electrical engineering company are in Tokyo. Toshiba produces a wide range of products, including televisions, laptop computers, and air conditioners. Toshiba, with a market capitalization of $56 billion, is one of the most well-known brands in the consumer durables industry.
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Important Advantages of Working for Toshiba
- Excellent network security.
- Delicious food.
- Employee relations are excellent.
- Product security is improved.
- Has a healthy work-life balance.
Important Facts About the Company
- Tokyo headquarters are in Minato-ku.
- Manufacturing of Appliances, Electrical, and Electronics
- Energy, Social Infrastructure, Electronic Devices, Digital Solutions, and batteries are some of our specialties.
- Employees: 141,256 workers
- 3,336.97 billion in revenue
- 194.65 billion in net income
- 3,734.52 billion in total assets
Final Words
Because you were looking for “What Companies Are In The Consumer Durables Field?” As a result, these are some of the most prominent consumer durables companies.
It is one of the most important industries, affecting the lives of millions of people every day. It’s fascinating to see how these companies constantly innovate and develop new products to meet the ever-changing needs of their customers.
That is why, if you are interested in working in the industry, we have listed the best durable goods companies to work for. You can now begin your career with a clear head.
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