Are you looking for the answer to what companies are in the capital goods field? If yes, then you have reached the right place.
Whenever people try to look for new jobs, they try to do a background check on what type of industry it is. That is the reason why many people ask about the companies that are there in the industry they are interested in.
If you want to work in the capital goods field and want to know what the companies in this line of work are, you have found the place. Keep reading this article till the end to learn more about the same…
What Is The Capital Goods Field?
The industry field, or the capital goods field or sector, is the category of work that deals with the manufacturing and distribution of stocks and other goods. This is one of the most diverse sectors of work that contains the companies that are related to the manufacturing industries.
They make capital goods, construction projects, defense goods, goods related to engineering, and many other things. The capital goods sector is one of the most important industries that help to build the economy of the country.
This industry relies heavily on the manufacturing industry for the delivery of the finished products. These are the companies that are responsible for creating physical assets like buildings or machines. These are some of the basic industries of the society because other companies use the products of the capital goods industry to make their own products.
What Companies Are In The Capital Goods Field?
So, what companies are in the capital goods field? That is what I am going to cover in this section of the article.
As I have already mentioned before, there are many companies that deal with the creation of goods that other companies use for making their products. Some of the most important companies in the line of capital goods field are as follows:
Caterpillar is an American company that is associated with designing, manufacturing, and marketing the types of machinery and other important engines of financial products. Also referred to as CAT, it is one of the largest manufacturing companies when it comes to creating the equipment for construction and mining.
2. Union Pacific
Founded in the year 1862, the Union Pacific is one of the most influential companies in the capital goods industries. It is the leading railroad franchise in North America. With more than twenty-three locations or states where the company pirates, the Union Pacific network is the largest in the entire United States.
3. General Electric
Want to work at a company that offers a lot of benefits to the employees? If yes, then this is the one for you. General Electric is a company that provides services globally. In addition, the company is known to create products that are needed for aviation, healthcare, as well as in the sectors of renewable energy.
Boeing is based in Chicago and is one of the most popular American companies that manufactures, designs, as well as sells the parts of anything that has to do with aerospace. They sell airplanes, satellites, rockets, and even missiles. This company is undoubtedly one of the largest aerospace manufacturers in the world. This company is the largest company in the world when it comes to aerospace.
5. Lockheed Martin
The last on the list is the global security company called the Lockheed Martin Corp. Founded in the year 1995, Lockheed Martin is known to be one of the leading companies in the field of capital goods. The company provides military support, fire sensors, defense weapons, aerospace equipment, air missiles, and many other things.
6. Honeywell International
Another company in the capital goods field is Honeywell International. This company is often referred to as Honeywell. The company was founded in 1855, and it officially assumed the name Honeywell in 1906. They have contributed to industries such as the automotive, aerospace, chemical & industrial control sectors.
But, their prominence has been in specialty chemicals, automotive products, plastics & engineered materials. The company makes an average of $32 million in gross income every year.
7. United Rentals Inc
Another answer to your question, “What Companies Are In The Capital Goods Field,” is United Rentals Inc. It is a company founded in 1997, and they are the largest equipment rental company globally. They also have locations opened in 49 states of the USA.
They also have one location for each of the states in Canada. United Rentals Inc usually provides rental equipment & services to construction businesses and automotive industries.
Their customers’ main base comprises municipalities, utilities, homeowners, and industrial companies. They also gross over $6 billion every year.
8. Northcorp Grumman
If you are looking for companies in capital goods, then Northcorp Grumman is an answer you can choose. They are a company in the defense and aerospace industry. The company was founded in 1994 when Northrop Aircraft and Grumman Corporation were merged.
They are usually military aircraft, chain guns, autocannons, rocket launch systems, aerial vehicles, munitions, and satellites. This company is working to continuously provide the country with new defense-related technologies and equipment. They gross about $30 billion every year.
What companies are in the capital goods industry? Another answer to this query is – ABB. It is a company in the energy, utility, and mining industry. The company was founded in 1988, and they develop products related to cable systems, control room products, circuit breakers, switches & related electronic equipment, etc. The company grosses over $26 million every year.
10. Raytheon Technologies
So many companies manufacture aircraft and defense equipment in the capital goods industry. Raytheon Technologies is among those companies that work to develop environmentally-friendly equipment and intelligent technology. They have more than 10000 staff in different locations. Raytheon Technologies make $50 billion in gross revenue every year.
What Are The Best Paying Jobs In The Capital Goods Field?
Are you searching for the best paying jobs in capital goods industry? If yes, then you have come to the right place.
Here are some of the posts that you should think about while choosing a career in the capital goods companies:
- Engineering Manager— Average Salary is $149,530
- Sales Manager— Average Salary is $132,290
- Mechanical Engineer— Average Salary is $90,160
- Marketing Manager— Average Salary is $141,490
- Training and Development manager— Average Salary is $115,640
Frequently Asked Questions (FAQs):
Now that you have almost reached the end of this article, I hope that almost all your doubts about what companies are in the capital goods field have been answered. Here are some of the questions that readers frequently ask about the companies in the capital goods field. You might want to go through them to learn more about the same.
According to the reports published by the BLS Bureau of Labor Statistics of America, currently, there are more than a million job openings in the sector of the Capital Goods industry. The industry has approximately 1.3 million jobs available right now.
Some of the highest-paid jobs in the line of consumer goods are:
➊ Machine Operator
➋ Oil rig workers
➌ Pharmaceutical manufacturing
➍ Marketing managers
➎ Food manufacturing
There are many companies or sectors of jobs that are more secure than the others. The most secure sector of jobs currently is the line of healthcare. Anything that has to do with healthcare, from pharmacists to doctors, is a very secure line of work.
Wrapping It Up!
The capital goods field is a major one that is heavily dependent on the manufacturing industry. It is a huge sector of work that deals with the creation of capital goods. It is one of the most important lines that are responsible for the economy of the country.
There are a lot of opportunities in this line of work. Some of the most important companies in the line of capital goods are the ones that deal with aerospace, defense, engineering, and more.
In case you want to know about what companies are in the capital goods field, I hope that this article has been able to provide you with all your answers. If there are any other questions regarding the same, feel free to write them down in the comment section below.
Ankita Tripathy loves to write about food and the Hallyu Wave in particular. During her free time, she enjoys looking at the sky or reading books while sipping a cup of hot coffee. Her favourite niches are food, music, lifestyle, travel, and Korean Pop music and drama.