Capital goods are tangible things firms employ to produce other commodities, such as tools, cars, and machinery. Businesses frequently acquire capital goods by developing, renting, or obtaining them from different companies or individuals; hence, many organizations specialize in producing and distributing capital products.
Capital goods corporations play an essential role in the global economy. This article will examine the capital goods sector and its top 20 companies.
Top 20 Companies in the Capital Goods Field
Below, we have mentioned the top 20 capital goods companies;
| Company Name | Industry | Average Salary (Annually) |
| Danaher Corporation | Manufacturing | $65,000 – $109,000 |
| Thermo Fisher Scientific | Life Science and Clinical Research | $58,736 – $144,605 |
| Illinois Tool Works | Manufacturing | $40,000 – $127,280 |
| Ford Motor Company | Automobile | $40,000 – $153,000 |
| Raytheon Technologies | Aerospace and Defense | $63,058 – $131,180 |
| ABB | Automation | $59,841 – $138,793 |
| 3M | Electrical and Safety | $65,730 – $149,015 |
| Northrop Grumman | Aerospace and Defense | $55,282 – $187,955 |
| Caterpillar Inc. | Construction Equipment Manufacturing | $36,612 – $90,407 |
| Boeing | Aerospace | $53,000 – $173,000 |
| United Rentals Inc. | Equipment Rental | $37,485 – $145,185 |
| Lockheed Martin | Aerospace and Defense | $51,694 – $169,000 |
| Honeywell International | Technology | $41,000 – $180,000 |
| General Electric | High-Tech | $66,767 – $142,203 |
| Union Pacific | Transport | $62,951 – $136,215 |
| Siemens AG | Automation | $14,495 – $218,667 |
| Komatsu Ltd. | Manufacturing | $63,000 – $111,425 |
| Deere & Company | Manufacturing | $40,000 – $165,465 |
| Bharat Electronics | Aerospace and Defense | $42,435 – $183,000 |
| Alphabet Inc. | Technology | $45,066 – $238,311 |
1. Danaher Corporation
Danaher Corporation is a biotechnology company that manufactures instruments, equipment, and software for the pharmaceutical, health care, food, and life sciences industries. Founded in 1984, Danaher grew its business in fields such as water quality and medical diagnostics during the 1990s, and these remain some of its significant areas of concentration.
Its products allow for the identification of items, control of quality, conduct of clinical research, and creation of drugs and vaccines. Danaher Corporation typically generates more than $20 billion in yearly revenue.
Job Openings at Danaher Corporation:-
- Team lead production operations
- SAP Solution Architect
- Fascilities Engineer
- Site Quality, Senior Manager
- P2P Specialist
- Regional Sales Director
2. Thermo Fisher Scientific
Thermo Fisher Scientific, founded in 2006, is a biotech firm that produces equipment, apparatus, software, and consumables for clients in health care and scientific research.
Products include laboratory plasticware, diagnostic testing equipment, radiation monitors, food safety testing instruments, gas analyzers, and material sampling tools. The company is a biomedical manufacturing industry leader with over $40 billion in annual sales.
Job Openings at Thermo Fisher Scientific:-
- FSP Sr. Document Review Specialist
- Clincal Contract Manager
- Trade Operation Specialist
- Maintenance Technician
- Application Engineer
- Technical Support Specialist II
- Senior Implementation Specialist
- Application Scientist (m/f/d) Spectroscopy
- Accountant
- Financial Analyst III
- IT Security Engineer II
- Staff Engineer, Product Development
- Sales Operations Analyst
3. Illinois Tool Works
Illinois Tool Works (ITW) is a 1912-formed manufacturing firm that designs and manufactures equipment and specialized items for commercial clients. With almost 19,000 patents, the company’s main business divisions include automotive, food, construction supplies, electronics, welding, polymers and fluids, and specialty goods. ITW typically generates $15 billion in annual sales.
Job Openings at Illinois Tool Works:-
- Accounting Manager
- Financial Analyst
- Service Technician
- Refrigeration Technician III
- Controls Engineer
- Mechanical Engineer
- Treasury Analyst
- Electro-Mechanical Field Service Technician
4. Ford Motor Company
Ford Motor Company, also known as Ford, is a significant producer of vehicles and transportation equipment. Founded in 1903, it is now Ford Commercial Solutions, the company’s fleet business. It serves clients in logistics and transportation with solutions that improve compliance and efficiency.
In-vehicle tutoring, telemetry systems, and fuel cards are essential. Ford’s annual revenue regularly exceeds $100 billion.
Job Openings at Ford Motor Company:-
- Software Engineer
- Manufacturing Quality Ford Champ
- Software Developer
- SOT Operations Specialist
- Artificial Intelligence Specialist
- Product Line Manager
- Treasury Analyst
- Production Supervisor
5. Raytheon Technologies
Raytheon Technologies, founded in 1922, is an engineering and manufacturing business that designs and manufactures aircraft, defense equipment, and sophisticated technologies for space exploration.
Its primary goals are to produce more environmentally friendly aviation technology, prepare defense agencies for unanticipated dangers, and increase scientific understanding of Earth and space. Raytheon assists federal government agencies and commercial and corporate aviation firms. Its annual income sometimes exceeds $50 billion.
Job Openings at Raytheon Technologies:-
- Customer Support Coordinator
- Senior Calibration Technician
- Associate Director, Engineering Communications
- Leadership Development Program
- Principal System Administrator
- Cyber Network Defense Analyst II
- Electrical Engineer II
- Principal Product Engineer
- Principal Financial Analyst
- Finance Manager
- Warehouse Technician
6. ABB
ABB Limited was created in 1988 and operates in the energy, mining, and utility industries. The firm manufactures control room devices, cable systems, circuit breakers, switches, and other electronic equipment and provides installation and repair services for its systems.
The corporation is based in North Carolina, and the United States is its primary market. The company generates more than $26 million per year.
Job Openings at ABB:-
- Sales Specialist
- Technical Promotion Specialist
7. 3M
3M, founded in 1902, specializes in developing and producing a wide range of consumer goods. It’s a corporation based in Minnesota that manufactures adhesives, laminates, abrasives, window films, and paint protection films. Currently, the company’s catalog includes approximately 60,000 goods.
It also manufactures dental and orthodontic items, medical products, electronics components, automobile parts, and healthcare software under various brand names.
Job Openings at 3M:-
- Senior Analyst
- Senior Engineer, Cloud Platform
- Global COGS COE Supervisor
- Area Sales Manager
- Subject Matter Expert
- Clinical Specialist
- Digital Developer
8. Northrop Grumman
Northrop Grumman is an aerospace and defense company created in 1994 by buying North Aircraft and Grumman Corporation. The company specializes in various fields that include designing, developing, and producing defense products and equipment for land and space, such as satellites, rocket launch systems, stealth bombers, military aircraft, aerial vehicles, chain guns, autocannons, ammunition, and electronic systems.
Northrop Grumman’s headquarters are located throughout the United States. This corporation intends to consistently produce new defense items and replace and upgrade existing ones. It generates around $30 billion every year.
Job Openings at Northrop Grumman:-
- Cyber System Engineer Manager
- Maintenance Operations
- Staff Cyber Software Engineer
- Cyber Security Software Engineer
- Staff Engineer Mechanical
- Manager Manufacturing Engineer II
- Sr. Principal VMWare Systems Engineer
- Lead Infrastructure Engineer
- Staff Communications Engineer
- Principal Electronics Engineer
9. Caterpillar Inc.
Caterpillar Inc., usually known as Caterpillar or CAT, is a construction equipment company founded in 1925. This company specializes in designing and manufacturing gas engines, gas turbines, and diesel-electric locomotives for construction and mining applications. It also manufactures safety gear and industrial-grade cell phones for manufacturing and production clients.
CAT maintains offices and facilities across every continent and in more than 180 countries. It provides goods and services to the resource industries, the building industry, and the energy and transportation sectors, with an annual revenue of about $40 billion. It also supplies equipment for mining, paving, drilling, and hydraulics.
Job Openings at CAT:-
- Data Engineer
- Accountant
- Senior IT Analyst Application
- Finance Analyst
- Senior Tax Analyst
- Factory Manager
- Senior WCS Developer
- Senior UI Developer
10. Boeing
Boeing, founded in 1916, is an aerospace and defense business. It is the world’s largest aerospace corporation, divided into three business units: defense, space and security. Boeing also serves airlines and US-allied government customers in over 150 nations.
The corporation generating more than $58 million annually, also sells commercial airplanes, military aircraft, space satellites, electronic defense systems, launch systems, and weaponry.
Job Openings at Boeing:-
- Associate Structural Analysis Engineer
- Associate Product Review Engineer
- Experienced Systems Engineer
- Associate Software Developer
- Product Review Engineer
- P-8 Experienced Field Service Representative
11. United Rentals Inc.
United Rentals Inc., a construction and facilities services firm, was formed in 1997. This corporation is the world’s largest equipment rental company, with facilities in 49 states and one in each province of Canada. United Rentals specializes in renting and servicing construction and industrial vehicles and equipment.
Its customers include utilities, governments, households, industrial businesses, and construction organizations. The company also sells and services new and used equipment and automobiles. The corporation generates more than $6 billion every year.
Job Openings at United Rentals:-
- Advanced Solutions Manager
- Area General Manager
- Associate Strategic Sourcing Manager
- Branch Manager
12. Lockheed Martin
Lockheed Martin, a corporation in the aerospace and defense industries, was formed in 1995. The corporation, regarded as one of the largest in aerospace, military support, security, and technology, manufactures attack weapons, fire sensors, air missiles, and a wide range of other defense weaponry.
Lockheed is the world’s largest defense contractor, producing equipment and goods primarily for the United States Department of Defence and other federal government agencies. The corporation operates four business segments: rotary and mission systems, aeronautics, missiles and fire control, and space. It earns more than $65 billion in revenue each year.
Job Openings at Lockheed Martin:-
- Subcontract Management Staff
- Contract Administrative Assistant
13. Honeywell International
Honeywell International, or just Honeywell, is a manufacturing firm that began in 1885 and was officially incorporated under the Honeywell brand in 1906. It manufactures various products for several industries, including aerospace, automotive, chemical, and industrial control. Honeywell primarily manufactures automotive goods, specialty chemicals, polymers, and engineered materials. The firm generates more than $32 million in revenue each year.
Job Openings at Honeywell International:-
- Manufacturing Engineer
- Technical Sales Engineer
- System Engineer
- Collections Specialist
- Field Service Engineer I
- Data Scientist
- Chemical Engineer
- Program Manager
14. General Electric
General Electric (GE), a manufacturing business, was formed in 1892. GE is a multinational corporation with headquarters in both Boston and New York. It operates in various industries, including aviation, electricity, renewable energy, and healthcare. As a result, this corporation specializes in manufacturing weaponry, aircraft engines, software, wind turbines, other energy sources, electric motors, and other products. GE’s annual sales exceed $75 billion.
Job Openings at General Electric:-
- Global Services Team Intern
- Sr. Software Engineer
- Senior Level Technical Expert
- Senior Consultant GIS
- Research Scientist
- Lead Mechanical Engineer
- Lead Sales Specialist
- Project Manager
15. Union Pacific
Union Pacific, established in 1862, is a transportation and logistics firm that provides railway and transport equipment and services to facilitate the flow of consumer and industrial goods.
The corporation links 23 of the country’s states, covering two-thirds of the Western United States, and runs from all major West Coast and Gulf Coast ports to eastern gateways.
Union Pacific serves around 10,000 consumers and links to train lines in Canada and Mexico. The company brings in over $10 billion in sales annually.
Job Openings at Union Pacific:-
- Mechanical Engineer
- Sheet Metal Worker
- Train Crew
16. Siemens AG
Siemens AG is a German multinational corporation established in 1847. It is active in several sectors, including infrastructure, energy, manufacturing, and healthcare. It focuses on industrial automation, distributed energy resources, rail transportation, and healthcare technologies. Siemens is Europe’s largest industrial manufacturing firm and the global leader in industrial automation and software.
Job Openings at Siemens AG:-
- Quality Manager
- Commercial Project Manager
- Senior Software Developer
- Functional Controlling Professional
- Technology Professional
- Chief SHE Manager
- Cyber Security Professional
17. Komatsu Ltd.
The Japanese multinational company Komatsu Ltd., also known as Komatsu, manufactures industrial equipment. This company makes equipment such as thermoelectric generators, press machines, and lasers, as well as equipment for mining, forestry, construction, and the military. It also makes diesel engines. It is headquartered in Minato, Tokyo, Japan.
The corporation was established in 1921 and named after the city of Komatsu in Ishikawa Prefecture. Komatsu is the world’s second-biggest construction and mining equipment maker, behind Caterpillar.
Job Openings at Komatsu:-
- Maintenance & Service Engineer
- Technical Trainer
- Senior Software Developer
- Sales Coordinator
18. Deere & Company
Deere & Company, also known as John Deere, is an American firm that makes agricultural, heavy, and forestry machinery, diesel engines, and drivetrains for heavy and lawn care equipment. If you want to work for a company that directly influences the resolution of food and fuel emergencies, look no further than Deere & Co.
In 2022, it placed 84th on the Fortune 500 list of the biggest US firms. Its tractor models include the D series, E series, Specialty Tractor, Super Heavy-Duty Tractor, and JDLink.
Job Openings at John Deere:-
- Customer Service Representative
- Finance Associate
- Lead Data Analytics Engineer II
- Parts Information Specialist
- Sr. Operational Engineer
- Territory Manager
- Test Automation
19. Bharat Electronics
Bharat Electronics Limited (BEL) was founded in Bangalore, Karnataka, India, in 1954. It is an Indian public-sector aerospace and military electronics manufacturer primarily producing innovative electrical equipment for terrestrial and aircraft applications. BEL is considered one of sixteen public-sector undertakings administered by India’s Ministry of Defence. The Indian government has accorded it Navratna status.
Job Openings at Bharat Electronics:-
- Project Engineer
- Medical Officer
20. Alphabet Inc.
Alphabet Inc., headquartered in Mountain View, California, is an American multinational technology firm. Alphabet is the world’s second-largest technology business by sales. On 2 October 2015, it was formed due to Google’s reorganization and became the parent holding company for Google and numerous former Google subsidiaries.
It is regarded as one of the big five American information technology corporations, with Amazon, Apple, Meta, and Microsoft.
Job Openings at Alphabet:-
- Public Relations Executive
- Head of Operations
- Relationship Manager
- Social Media Manager
- Human Resources Manager
- Senior Engineering Manager
- Software Engineering Manager
Frequently Asked Questions
1. What are Capital Goods?
Capital goods are physical assets that a company uses in the production process to manufacture products and services. They include machinery, tools, buildings, and equipment used to create consumer goods.
2. What Industries Fall Under the Capital Goods Sector?
The capital goods sector includes industrial machinery, construction equipment, aerospace, defense, electrical equipment, and transportation. Companies in these industries produce goods used to make other products rather than for direct consumption.
3. Which Companies are Prominent in the Capital Goods Sector?
Some of the prominent companies in the capital goods sector include General Electric, Caterpillar, Siemens, Boeing, Honeywell International, and Lockheed Martin.
4. How Do Companies in the Capital Goods Sector Contribute to the Economy?
Companies in the capital goods sector play a crucial role in economic growth by providing the necessary tools and infrastructure for production.
5. What is the Difference Between Capital Goods and Consumer Goods?
Capital goods are used by businesses to produce goods and services, while individuals purchase consumer goods for personal use. For example, a factory machine is a capital good, while its products, like cars or electronics, are consumer goods.
6. What Factors Influence the Performance of Companies in the Capital Goods Sector?
Factors such as economic growth, technological advancements, government policies, and global trade dynamics influence companies’ performance in the capital goods sector.
7. Are There Any Risks Associated with Investing in Capital Goods Companies?
Yes, investing in capital goods companies can involve risks such as economic downturns, fluctuating demand, changes in government policies, and technological disruptions. Therefore, investors should carefully assess these risks before investing in companies within this sector.
8. What is the Future Outlook for the Capital Goods Sector?
The future outlook for the capital goods sector is generally positive. Due to increasing industrialization, infrastructure development, and technological innovation, continued growth is expected.
