What Companies Are in The Capital Goods Field
Capital goods are physical products that businesses use in the formation of other goods, such as tools, vehicles or machinery. Businesses often obtain capital goods by creating, renting or purchasing them from other companies or individuals, so many companies specialize in the creation and distribution of capital goods. Learning more about organizations in this industry could help you refine your job search.
In this article, we explore 15 companies in the capital goods field and shared answers to frequently asked questions about working in capital goods.
Key Takeaways:
- Capital goods are products companies manufacture to enable the manufacturing of other types of products.
- Capital goods companies may manufacture weapons, automotive products, technical and mechanical equipment and chemicals for use in various industries.
- Some major capital goods companies include 3M, General Electric and Lockheed Martin.
15 Companies in The Capital Goods Field
Here are 15 companies in the capital goods field:
1. Union Pacific
Size: More than 10,000 employees
Description: Union Pacific is a Corporation that operates in the transportation and logistics sector and it was established in the year 1862. From its record, it manufacturers railroads and transport equipments and offers services that help in the transportation of consumer and industrial products. The company is involved in the creation of 23 states of the country and two-thirds the western part of the United States, and provides service from all the primary West Coast, and the Gulf coast and up to the eastern entryway.
Union Pacific cooperates with approximately 10 000 clients and interacts with the Canadian and the Mexican railroad systems. The company earns more than $10 billion for income every year. It offers its employees a diversity of benefits, many of which include the following:It offers its employees a variety of benefits, many of which include the following:
- Retirement plans
- Paid time off
- Tuition reimbursement
- Vacation days
- Medical insurance
- Dental insurance
2. General Electric
Size: More than 10,000 employees
Manufacturing industry is a field of industrial activity where General Electric (GE), a company was established in 1892. Arguably a conglomerate with bases in Boston and New York, GE is involved in many industries such as aviation, power, renewable energy and health as well. Hence, weapons, aircraft engines, software, wind turbines, various kinds of energy, electric motors and many other products are made by this company.
GE consistently earns more than $75 billion per annum in income in regard to its revenue. It usually offers its employees these benefits: General Electric (GE) is a company involved in the manufacturing industry which was established in 1892.
GE is a conglomerate company based in Boston and New York and provides its services in aviation, power, renewable energy, and health care industries. As such, this company is involved in manufacturing and supplying weapons, aircraft engines, software, wind turbines, various kinds of energies, electric motors and others.
Profits or income generated, GE normally earns more than $75 Billion in gross revenue every year. It usually offers its employees these benefits:It usually offers its employees these benefits:
- Medical insurance
- Paid time off
- Work flexibility
- Dental insurance
- Signing bonus
- Disability insurance
- Vision insurance
3. Honeywell International
Size: More than 10,000 employees
Description: Honeywell International popularly known as Honeywell is a manufacturing company that began in the year 1885 though it was legally established in the year 1906. Honeywell has its base in North America that deals with occupations in the USA and Canada. It specializes in manufacturing of various kinds of products and it deals in aerospace, automobile, chemical and industrial control industries products. Specifically, Honeywell mainly manufactures and supplies automotive products, specialty chemicals, plastics as well as engineered materials. The company generates more than thirty million US dollars in income annually. It typically offers its employees these benefits:It typically offers its employees these benefits:
- Health insurance
- Retirement plans
- Parental leave
- Life insurance
- Paid time off
- Sign on bonus
4. Lockheed Martin
Size: More than 10,000 employees
Description: Lockheed Martin is an atmosphere and defense company that involves in the production of various products and it was established in 1995. The company which is among the largest firms in aerospace, military support and security and technology industries has its main focus in the manufacture of strike weapons, fire detectors, air to air missiles and other defense weapons.
Lockheed Martin Corporation is the largest international company in defense manufactures equipment and products for the U. S Department of defense and other federal government bodies in USA. Lockheed Martin has four business segments, including the following: including rotary and mission systems, aeronautics, missile and fire control and space. The company earns more than $65 billion annually, and presently it is among the largest companies in the global market.
Lockheed Martin offers the following benefits to its employees:
- Dental insurance
- Tuition reimbursement
- Retirement plans
- Health insurance
- Flexible schedule
- Paid time off days
- Relocation assistance
5. United Rentals Inc.
Size: More than 10,000 employees
Description: United Rentals Inc is an American based company operating in construction and facilities services industry which started in 1997. This is the world’s largest equipment rental firm which currently has offices in 49 states and one province in any of the provinces in Canada. United Rentals is a Rental company that focuses on rental equipment and services for construction as well as industrial vehicles and equipments. Its customers are established utilities, municipalities, homeowners, industrial users, as well as construction firms among others. Also, UR offers new and used equipment and vehicles and vehicles servicing. The company makes more than $6 billion annually.
United Rentals Inc. offers several benefits for its employees, many of which include the following:
- Health insurance
- Paid time off
- Retirement plans
- Company truck
6. Boeing
Size: More than 10,000 employees
Description: Founded in 1916, Boeing is a company in the aerospace and defense industry. It’s the largest aerospace company in the world, organized into three separate business units: defense, space and security, commercial planes and global services. Boeing also supports airlines and U.S. allied government customers in over 150 different countries. The company, which grosses over $58 million per year, offers additional products including profitable aircraft, military aircraft, space satellites, electronic defense systems, launch systems and weapons. Boeing offers many benefits for its employees, including the following:
- Relocation assistance
- Dental insurance
- Parental leave
- Vision insurance
- Paid time off
- Health insurance
- Disability insurance
7. Caterpillar Inc.
Size: More than 10,000 employees
Description: Caterpillar Inc., otherwise referred to as Caterpillar, also known as CAT, is a construction equipment manufacturer founded in 1925. This company specializes in creating and producing construction and mining equipment gas engines, gas turbines and diesel-electric locomotives. It also produces protective gear and industrial-grade cell phones to protect and enable manufacturing and production clients.
CAT has offices and facilities in upwards of 180 countries and on all continents. It grosses over $40 billion per year and provides products and services for three primary segments: construction industries, resource businesses and energy and transportation. It also delivers equipment for mining, paving, drilling and hydraulics. CAT offers employees a diversity of benefits, which usually include the following:
- Health insurance
- Vision insurance
- Paid time off
- Relocation assistance
- Dental Insurance
- Retirement plans
8. Northrop Grumman
Size: More than 10,000 employees
Description: Northrop Grumman is a company in the aerospace and defense industry founded in 1994 after a merger of Northrop Aircraft and Grumman Corporation. The company specializes in designing, emerging and manufacturing land and space defense products and equipment like military aircraft, aerial vehicles, chain guns, autocannons, munitions, satellites, rocket launch systems, stealth bombers and electronic systems.
Northrop Grumman operates in several sectors, including aeronautics systems, defense systems, mission systems and space systems, all of which are headquartered in different areas around the United States. This company aims to unceasingly develop new defense products and replace and update current products on the market. Northrop Grumman grosses about $30 billion per year, and some common benefits for many employees include the following:
- Health insurance
- Paid time off
- Employee discounts
- Tuition reimbursement
- Retirement plans
9. 3M
Size: More than 10,000 employees
Founded in 1902, 3M specializes in creating and producing a variety of consumer goods. It’s a conglomerate headquartered in Minnesota, and it produces products like adhesives, laminates, abrasives, window films and paint protection films.
At this time, the company has over 60,000 products in its portfolio. It also creates products under several different brand names and produces dental and orthodontics products, medical products, electronics components, car products and healthcare software. 3M has offices in over 87 countries across the world.
Common employee benefits at 3M include the following: Founded in 1902, 3M specializes in creating and producing a variety of consumer goods. It’s a conglomerate headquartered in Minnesota, and it produces products like adhesives, laminates, abrasives, window films and paint protection films. At this time, the company has over 60,000 products in its portfolio.
It also creates products under several different brand names and produces dental and orthodontics products, medical products, electronics components, car products and health care software. 3M has offices in over 87 countries across the world. Common employee benefits at 3M include the following:
- Health insurance
- Retirement plans
- Dental insurance
- Vision insurance
- Stock options
- Paid time off
10. ABB
Size: 5,001–10,000 employees
Description: ABB Limited is a company in the energy, mining and utility industry founded in 1988. The company focuses on producing control room products, cable systems, circuit breakers, switches and related electronic equipment he company also offers services for the installation and repair of systems from the company. The company is headquartered in North Carolina, and the United States is its largest market. This company grosses over $26 million per year and proposals the following benefits to its employees:
- Health insurance
- Retirement plans
- Disability insurance
- Life insurance
- Vision insurance
- Paid time off
11. Raytheon Technologies
Size: More than 10,000 employees
Description: Founded in 1922, Raytheon Technologies is an engineering and industrial company that designs and builds aircraft, defense equipment and intelligent technology for space exploration. Its key objectives are to develop more environmentally friendly aviation technology, equip defense agencies against unexpected threats and advance the scientific understanding of Earth and space.
Raytheon serves federal government agencies and commercial and business aviation companies. Its annual revenue is often over $50 billion. Raytheon offers its employees benefits such as:
- Health insurance
- Paid time off
- Retirement plans
- Relocation assistance
- Life insurance
12. Ford Motor Company
Size: More than 10,000 employees
Description: Ford Motor Company, often called Ford, is a leading manufacturer of automobiles and transportation equipment founded in 1903. Ford Commercial Solutions is the company’s fleet division, which provides clients in logistics and transportation with technologies to increase compliance and efficiency. Key products include in-vehicle coaching, telematics systems and fuel cards. Ford’s annual revenue is often over $100 billion.
Ford offers corporate employees benefits like:
- Health insurance
- Paid time off
- Retirement plans
- Bonuses
- Vehicle discounts
13. Illinois Tool Works
Size: More than 10,000 employees
Description: Illinois Tool Works (ITW) is a manufacturing company founded in 1912 that designs and produces equipment and specialized goods for commercial clients. With over 19,000 patents, the company’s major business segments include automotive products, food products, construction supplies, electronics, welding, polymers and fluids and specialty products.
ITW often earns around $15 billion in annual revenue. People they employ might receive the following benefits:
- Health insurance
- Flexible spending account
- Health savings account
- Life insurance
- Paid time off
- Disability insurance
- Parental leave
14. Thermo Fischer Scientific
Size: More than 10,000 employees
Formed in 2006, Thermo Fischer Scientific is a biotech company that manufactures equipment, instrumentation, software and consumables, primarily for clients in healthcare and scientific research. Products include lab plasticware, diagnostic testing equipment, radiation monitors, food safety testing tools, gas analyzers and material sampling tools.
Formed in 2006, Thermo Fischer Scientific is a biotech company that manufactures equipment, instrumentation, software and consumables, primarily for clients in health care and scientific research. Products include lab plasticware, diagnostic testing equipment, radiation monitors, food safety testing tools, gas analyzers and material sampling tools.
With an annual revenue of around $40 billion, Thermo Fischer Scientific is a leader in biomedical manufacturing. Employees may receive benefits such as:
- Health insurance
- Health savings account
- Flexible spending account
- 401(k)
- Adoption assistance
- Disability insurance
- Pregnancy support
15. Danaher Corporation
Size: More than 10,000 employees
Danaher Corporation is a biotechnology manufacturer that produces tools, equipment and software for pharmaceutical, healthcare, food and life science companies. Founded in 1984, Danaher developed its business in sectors like water quality and medical diagnostics throughout the 1990s, and these are still some of its core areas of focus.
Its products enable product identification, quality control, clinical research and drug and vaccine development. Danaher Corporation typically earns over $20 billion in annual revenue. Danaher Corporation is a biotechnology manufacturer that produces tools, equipment and software for pharmaceutical, health care, food and life science companies.
Founded in 1984, Danaher developed its business in sectors like water quality and medical diagnostics throughout the 1990s, and these are still some of its core areas of focus. Its products enable product identification, quality control, clinical research and drug and vaccine development. Danaher Corporation typically earns over $20 billion in annual revenue.
Danaher employees may receive benefits like:
- Health insurance
- Paid time off
- Remote work options
- Retirement plans
FAQs
1Q) What types of capital goods are there?
Here are some common types of capital goods:
- Chemicals
- Machinery
- Telecommunications devices
- Software
- Vehicles
- Construction equipment
- Tools
- Power
2Q) Is capital goods a good career path?
Working in capital goods can be a rewarding and lucrative career path. Individual salaries and job outlook can depend on the title you seek, but capital goods companies frequently hire for high-paying jobs like engineering and quality control jobs. Because capital goods are a vital part of an interconnected economy, these fields typically thrive during times of economic prosperity.
3Q) What’s the difference between consumer goods and capital goods?
Consumer goods are products individuals purchase on the market. These often include food, clothing, beauty products and household essentials. Capital goods are products businesses purchase to help them manufacture consumer goods and other products. For example, machinery manufacturers make production equipment, like generators and compressors, which are capital goods. Manufacturing companies buy these tools and use them to make consumer goods like cleaning supplies and paper products.
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