What Companies Are In The Capital Goods Field? The Ultimate Guide

The capital goods field is a vast and growing industry that provides products and services to help businesses grow and succeed. This sector is made up of companies that produce everything from construction equipment to office supplies. If you’re looking for a company where you can grow and have a steady income, then you’ll want to take a look at some of the businesses in the capital goods field.

Capital goods are essential for the economy to function properly. They help businesses produce the products and services that we all rely on. Without them, our lives would be very different! If you’re interested in a career that is essential to the economy, then have a look at 11 of the best paying jobs in capital goods.

The capital goods field is home to companies that produce a wide range of products and services. Some businesses in this sector focus on construction equipment, while others provide office supplies or other types of products and services. No matter what your needs are, you’re likely to find a company in the capital goods field that can help you reach your career goals.

Before we take a look at what companies are in the capital goods field, let’s take a step back and look at some of the frequently asked questions.

What Companies Are In The Capital Goods Field? The Ultimate Guide

What Is Capital Goods?

The phrase “capital goods” refers to any tangible assets that are utilized by a business throughout the manufacturing process to develop products and services that will afterward be consumed by customers. This process results in the production of goods and services that are then consumed by consumers.

There are many different types of companies that fall into the category of “capital goods.” Some of the most common include manufacturers of machinery, equipment, and vehicles. These companies produce the physical products that are essential for businesses and industries to function. Other examples of capital goods companies include those that provide services such as engineering, construction, and maintenance.

The global capital goods market is huge, with some estimates valuing it at over $12 trillion. The United States is one of the largest markets for capital goods.

Demand for capital goods tends to be highly cyclical, rising and falling along with the overall economy. When business activity is booming, companies invest heavily in new equipment and expansion. But during economic downturns, demand for capital goods plummets as businesses cut back on spending. This can lead to layoffs and plant closures in the capital goods sector.

What Companies Are In The Capital Goods Field? The Ultimate Guide

Despite the challenges, the capital goods industry remains an important part of the global economy. And with continued growth in emerging markets like China and India, there is potential for further expansion in the years ahead.

What Companies Are In The Capital Goods Field?

The capital goods field is made up of companies that produce tangible products that are used in the production of other goods or services. This can include anything from machinery and equipment to buildings and infrastructure. Some of the biggest names in the capital goods field are Caterpillar, Boeing, and General Electric. These companies have a long history of providing high-quality products that help keep businesses running smoothly.

It can be overwhelming when it comes to choosing a company in the capital goods field that is right for you. We have put together a list of the top 11 leading U.S. companies in the capital goods field.

1. General Electric

General Electric, sometimes abbreviated as “GE,” is a manufacturing business that was established in 1892. GE is a multinational company that operates in a variety of markets, including the aviation, power, renewable energy, and health care markets. Its headquarters are located in both Boston and New York.

As a consequence of this, the corporation specializes in the production of a wide variety of goods, including but not limited to firearms, aircraft engines, software, wind turbines, other forms of energy, electric motors, and more. Every year, General Electric generates more than $10 billion in sales in income.

What typical benefits are offered to employees?

  • Medical insurance
  • Paid time off days
  • Work flexibility
  • Dental Insurance
  • Signing bonus
  • Disability insurance
  • Vision insurance

Company Size?

10,000+ employees

2. Honeywell International

Honeywell International, more often known simply as Honeywell, is a corporation that has been operating in the manufacturing sector since its founding in 1885. This firm specializes in the production of a wide range of goods, some of which are designed specifically for use in industries such as aerospace, automotive, chemical, and industrial control.

Honeywell is known for its production of a wide variety of goods, including but not limited to automotive products, specialized chemicals, plastics, engineered materials, and more. Annually, the business brings in more than 32 million dollars in revenue.

What typical benefits are offered to employees?

  • Health insurance
  • Retirement plans
  • Parental leave
  • Life insurance
  • Paid time off days
  • Sign on bonus

Company Size?

10,000+ employees

3. Union Pacific

In 1862, the firm that is now known as Union Pacific was established as a participant in the field of transportation and logistics. Union Pacific is a manufacturer of chemicals, coal, agricultural products, automotive products, and intermodal items. The corporation is responsible for linking 23 of the country’s states over two-thirds of the Western United States, and it operates from all of the main ports along the West Coast and Gulf Coast all the way to the eastern gates.

Union Pacific provides service to around 10,000 customers and maintains connections with the rail networks of both Canada and Mexico. Every year, the business brings in more than $10 billion in revenue.

What typical benefits are offered to employees?

  • Retirement plans
  • Vision insurance
  • Tuition reimbursement
  • Vacation days
  • Medical insurance
  • Dental Insurance

Company Size?

10,000+ employees

4. United Rentals Inc.

United Rentals Inc. is a corporation that was established in 1997 and operates in the construction and facilities services business. This business, which is widely regarded as the largest equipment rental firm in the world, has facilities in all 49 United States states as well as one in each of Canada’s provinces. United Rentals is an industry leader in the provision of rental services for vehicles and equipment used in industrial and construction settings.

Customers who use their services include homeowners, homeowners’ associations, municipalities, industrial companies, and construction firms. In addition, United Rentals sells new as well as used machinery and vehicles, and it also provides maintenance and repair services. The annual revenue of the corporation is in excess of $6 billion.

What typical benefits are offered to employees?

  • Health insurance
  • Vacation days
  • Retirement plans
  • Company truck

Company Size?

10,000+ employees

5. Lockheed Martin

In 1995, the corporation Lockheed Martin, which operates in the aerospace and military industries, was established. Producing attack weapons, fire sensors, air missiles, and a number of other types of defensive weapons are the company’s primary areas of expertise. The business is widely regarded as one of the most important corporations in the aerospace, military support, and security and technology industries.

The United States Department of Defense and other governmental agencies in the United States are the primary customers for the goods and equipment that the firm manufactures. There are four different business divisions that makeup Lockheed Martin. These divisions are as follows: rotary and mission systems, aeronautics, missiles and fire control, and space. The company grosses over $65 billion per year in income.

What typical benefits are offered to employees?

  • Dental Insurance
  • Tuition reimbursement
  • Retirement plans
  • Health insurance
  • Flexible schedule
  • Paid time off days
  • Relocation assistance

Company Size?

10,000+ employees

6. Boeing

Boeing is a corporation that has been operating in the aerospace and military industries since its founding in 1916. This corporation is the largest aerospace company in the world, and it is structured with three distinct business units: military, space, and security; commercial aircraft and worldwide services; and space exploration and security.

In addition, Boeing provides support to airlines and clients in the governments of over 150 different nations that are allies of the United States. The business generates more than $58 million in annual revenue and provides a variety of different services, some of which include commercial airplanes, military aircraft, space satellites, electronic defense systems, launch systems, weaponry, and more.

What typical benefits are offered to employees?

  • Relocation assistance
  • Dental Insurance
  • Parental leave
  • Vision insurance
  • Paid time off days
  • Health insurance
  • Disability insurance

Company Size?

10,000+ employees

7. 3M

What Companies Are In The Capital Goods Field? The Ultimate Guide
Image: 3M

3M is a corporation that has been in business since 1902 and is known for developing and manufacturing a wide range of consumer goods. It is a conglomerate with headquarters in Minnesota that specializes in manufacturing a wide variety of products, including adhesives, laminates, abrasives, window films, paint protection films, and more. At the moment, the business’s selection of goods and services numbers more than 60,000 items.

In addition to this, it manufactures goods sold under a variety of brand names, including those for dentistry and orthodontics, medicine, automobiles, electrical components, and medical software. Over 87 countries are represented by 3M’s global presence of offices.

What typical benefits are offered to employees?

  • Health insurance
  • Retirement plans
  • Dental Insurance
  • Vision insurance
  • Stock options
  • Vacation days

Company Size?

93,000+ employees

8. ABB Limited

Founded in 1898, ABB Limited, more commonly referred to simply as ABB, is a business operating in the energy, mining, and utility industries. The production of control goods, cable systems, circuit breakers, switches, and various other pieces of electronic equipment is the primary emphasis of the firm. Additionally, the firm provides services for the installation and maintenance of systems purchased from the company.

The United States of America is the most important market for the company’s goods, despite the fact that the company’s headquarters are located in North Carolina. This business brings in more than $26 million in revenue per year.

What typical benefits are offered to employees?

  • Health insurance
  • Retirement plans
  • Disability insurance
  • Life insurance
  • Vision insurance
  • Paid time off days

Company Size?

 5,001 to 10,000 employees

9. Northrop Grumman

Northrop Grumman is a corporation that was established in 1939 and operates in the aerospace and military industries. The production of military aircraft, aerial vehicles, chain guns, autocannons, ammunition, satellites, rocket launch systems, stealth bombers, electronic systems, and other ground and space defense items and equipment are the primary focuses of the company’s manufacturing operations.

Northrop Grumman is a multinational corporation that does business in a variety of fields, such as aeronautics systems, military systems, mission systems, space systems, and others. The company’s headquarters are located in several cities and towns around the United States. This military manufacturer’s long-term goals include the ongoing creation of innovative new defense items as well as the replacement and improvement of products already available on the market.

About $30 billion is brought in by Northrop Grumman each year as revenue.

What typical benefits are offered to employees?

  • Health insurance
  • Paid time off days
  • Employee discounts
  • Tuition reimbursement
  • Retirement plans

Company Size?

90,000 employees

10. Caterpillar Inc.

Caterpillar Inc., sometimes known simply as Caterpillar or CAT, is a business that has been operating in the construction sector since its founding in 1925. This company’s primary areas of focus include the design and manufacture of gas engines, gas turbines, and diesel-electric locomotives for use in the construction and mining industries. CAT has offices and facilities in over 180 countries across all continents. Together, these locations span the globe.

It generates more than $40 billion in annual revenue and distributes goods and services to three key markets: those dealing with construction and resource sectors, as well as those dealing with energy and transportation. Additionally, it offers machinery for paving, drilling, hydraulics, and other industries as well.

What typical benefits are offered to employees?

  • Health insurance
  • Vision insurance
  • Paid time off days
  • Relocation assistance
  • Dental Insurance
  • Retirement plans

Company Size?

10,000+ employees

11. Ford Motor Company

What Companies Are In The Capital Goods Field? The Ultimate Guide

Ford Motor Company is a worldwide American automaker with its headquarters in Dearborn, Michigan. Henry Ford, who had an instinctive knack for engineering, launched the corporation in 1903.

In 1890, Henry Ford began his professional life by joining the engineering staff of the Detroit Edison Company. In the year 1896, he sold a gasoline buggy in order to acquire funds for the development of a new automobile. In his spare time, Ford developed experimental gasoline engines.

The executives at the Detroit Edison Company thought that his hobby was taking time away from his regular employment, thus they suspected him of engaging in this behavior. In the year 1899, Ford was forced to step down from his position as head engineer.

Is Capital Goods A Good Career Path?

Absolutely, without a shred of a doubt! Young professionals who are interested in further developing their abilities and keeping current in their area while still having the opportunity to generate earnings that may support them may choose to investigate working in the capital goods market because this industry is so interesting. If you want to find a career in the field of capital goods that pays one of the highest wages, you have a lot of fantastic choices from which to select.

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