What companies are in the capital goods field?
Several companies have made it their business to supply parts and other hardware to companies that build infrastructure and durable equipment, such as automobiles and aerospace vehicles, in the capital goods field. In this article, we will be looking at what companies are in the capital goods field. This list will not be exhaustive, but it will give you an idea of some of the main players in this industry. These companies help make the products you rely on daily, like cars, motorcycles, and even your smartphone.
10 companies leading the charge in the capital goods field
Here are the following 10 companies leading the charge in the capital goods field.
Three M Corporation (known by its previous name, the Minnesota Mining and Manufacturing Company) is a Fortune 500 company that produces a wide range of products for various industries, including car care, health care, food service, retail, education, and government. The company operates more than 25 research facilities worldwide and employs more than 35,000 people.
Boeing is one of them, and it is a company that produces airplanes. They are an American multinational corporation that offers commercial and military aircraft, government satellites, weapons systems, and space exploration technology.
Caterpillar operates in two geographic areas: Caterpillar Americas operates primarily in North America with headquarters at Peoria; it also operates internationally and mostly within developing countries. The second is Caterpillar International Operations which operates internationally but mainly within developed countries outside North America.
Deere & Company
In its 127-year history, Deere & Company has always been involved with heavy machinery. Whether they’re farming or excavating, Deere is right there. Deere’s many agricultural products include tractors, planters, and grain drills. Their line of construction equipment ranges from pumps to cement mixers and much more. They also produce turf care products and provide engines for marine propulsion systems.
The company has a wide range of products, from plane engines to water filtration systems. One area of expertise that GE excels in is what it calls Industrial Internet. In addition, this includes developing sensors, software, and hardware, using analytics to understand machine performance, and simplifying remote diagnostics and prognostics for improved maintenance.
Founded in 1922, Raytheon is a high-tech company specializing in defence and aerospace. Raytheon has 10 sites across eight countries and about 35,000 employees. The company’s annual revenue as of 2013 was $25 billion, and its headquarters is in Waltham, Massachusetts.
Lockheed Martin is an American global aerospace, security, defence, and advanced technologies company. With 98,000 employees worldwide and $37 billion in revenue annually, Forbes ranked it as #248 on the 2018 Fortune 500 list. In addition, the company reported a record profit of $5.8 billion in 2017. The headquarters is located at 3300 S.
Honeywell’s presence can be seen across the country, with headquarters in Morris Plains, New Jersey; Chicago, Illinois; San Jose, California; Minneapolis, Minnesota; Phoenix, Arizona; Orlando, Florida. The company provides various products and services to meet customers’ needs and offers various technologies to solve problems. In the United States, it operates two manufacturing plants in Rockford, Illinois, and one in Danville, Virginia. It also has over 100 distribution centers around the country, stocking locations for its products and providing distribution services for other manufacturers’ products.
- Union Pacific delivers a premium experience for customers. They are one of the largest railroad operators, with over 32,000 miles of track.
Along with their rail operations, they also offer intermodal services and supply chain solutions.
In 2017, they generated more than $6 billion in annual revenue.
They employ over 25,000 people and operate more than 18,000 freight cars and containers.
Headquartered in Omaha, Nebraska, since its inception on April 30th, 1869.
United Rentals, Inc
To enter the Capital Goods industry, you have to have at least 5 million dollars on hand, but that doesn’t mean you can’t get started without much cash. There are plenty of opportunities for people with less money who want to start a business. For example, United Rentals is an equipment rental company that has grown rapidly through reinvesting profits and borrowing money.