Capital goods companies are the ones that make the machinery and equipment that are used in the production of other goods and services. They provide the machines that are used in the factories, assembly lines and office buildings. The products they make are essential for businesses to function properly.
If you’re wondering what companies are in the capital goods field, you’ve come to the right place. In this blog post, we’ll take a look at some of the most well-known businesses in this industry. Keep reading!
1. Caterpillar Inc.
Caterpillar Inc. is a global leader in manufacturing construction and mining equipment, diesel and natural gas engines, and industrial gas turbines. The company’s products are used in various industries, including construction, infrastructure, quarrying, recycling, energy, and forestry. Its headquarter is in Irving, Texas, U.S. Caterpillar subsidiaries include Perkins Engines, Solar Turbines, Progress Rail, etc.
Also known as CAT, the company was founded in California in 1925. Caterpillar employs more than 100,000 people worldwide and posted revenue of $48.19 billion in 2021. Caterpillar is the world’s largest construction equipment manufacturing company, with operations all over the globe. They are currently ranked 73rd amongst the Fortune 500 companies.
2. General Electric
General Electric is a US-based multinational conglomerate operating in various sectors, including aviation, healthcare, power generation, and renewable energy. The company was founded in 1892 by Thomas Edison in New York, and its current headquarter is in Boston, Massachusetts, U.S. As of 2022, General Electric is ranked 48th among Fortune 500 companies by gross revenue.
GE has a long history of being a major player in the capital goods industry, being founded by one of the most prolific inventors of the Industrial Revolution, Thomas Edison. The company has a market capitalization of $74.196 billion as of early 2021 and employs over 168,000 people worldwide. Subsidiaries of GE include GE Healthcare, GE Power, GE Research, GE Aviation, etc.
3. Honeywell International
Honeywell International is a US-based technology company that produces commercial and consumer products, engineering services, and aerospace systems for various customers, including the US military and NASA. The company was founded in 1906 in Wabash, Indiana. Its current headquarter is in Charlotte, North Carolina.
As of 2022, Honeywell is ranked 105th among Fortune 500 companies, with a market capitalization of $125.91 billion. The company employs approximately 99,000 people in over 70 countries and posted a revenue of $34.39 billion in 2022. Subsidiaries of Honeywell include Honeywell Aerospace, Intermec, UOP LLC, RAE Systems, etc.
4. Lockheed Martin Corporation
Lockheed Martin is an American aerospace, defense, security, and technology company that was founded in 1995. Lockheed was founded in 1926, and Martin Marietta in 1961. After merging in 1995, they have gradually become one of the most influential defense companies in the world. Lockheed Martin is headquartered in Bethesda, Maryland, U.S.
The company currently ranks 55th on the Fortune 500 list with a market capitalization of $67.04 billion as of early 2021 and employs over 114,000 people. It works closely with various US military branches and has been contracted by many different nations for its products and services. Some of Lockheed Martin’s notable creations include Black Hawk, C-130, F-series combat aircraft, etc.
5. Union Pacific Railroad Company
Union Pacific Railroad is an American freight railroad company that was founded in 1862. It’s headquartered in Omaha, Nebraska and is currently the largest railroad operator in North America by revenue. As of early 2021, it has earned a revenue of $21.804 billion with a market capitalization of $161.95 Billion. They are also the biggest in size of railroads, with a coverage of 51,683 miles in 23 states.
The Union Pacific Railroad operates 32,200 locomotives and employs over 32,000 people. As of 2021, Union Pacific Railroad has 12 primary active hump yards in different locations across the United States. The company also owns some of the most powerful locomotives in the United States.
Boeing is an American multinational commercial and aerospace defense company that was founded in 1916. It is headquartered in Arlington, Virginia, United States. The company designs, manufactures and sells aircraft, rockets, rotorcraft, satellites, telecommunications equipment, and missiles worldwide. Boeing is one of the largest global aircraft manufacturers by revenue and number of delivered aircraft.
As of 2022, Boeing is ranked 60th on the Fortune 500 list with a market capitalization of $62.29 billion and employs over 140,000 people. The company has a long history of innovation and has produced some of the most iconic aircraft in the world, such as the 737, 747, 787 Dreamliner, etc.
Boeing is also the third-largest military contractor in the world and has been contracted by various militaries to produce fighter planes.
7. Ford Motor Company
Ford Motor Company is an American multinational automaker that was founded in 1903 by Henry Ford. It is headquartered in Dearborn, Michigan, a suburb of Detroit. The company manufactures and distributes automobiles all over the world. Their commercial vehicles are marketed under the Ford brand, while their luxury vehicles are marketed under the brand name Lincoln.
As of 2022, Ford is ranked 22nd on the Fortune 500 list with a market capitalization of $60.95 billion and employs over 186,000 people. As of 2022. The production output of Ford was 42. million vehicles. Ford also owns a stake in several other automakers, including Mazda (Japanese), Aston Martin (UK), Jiangling Motors (China), and Troller (Brazil).
3M is an American multinational conglomerate corporation that was founded in 1902. It is headquartered in Maplewood, Minnesota. The company produces over 60,000 products and operates in more than 200 countries. They basically produce goods for almost every industry you can imagine. 3M’s core businesses include industrial and transportation, health care, safety and security, consumer goods, etc.
3M is currently ranked 402nd on the Fortune 500 list with a market capitalization of $69.29 billion as of 2022 and employs over 93,000 people. Some of the most popular products 3M produces include Post-it notes, Scotch tape, Command strips, adhesives, abrasives, etc.
9. McKesson Corporation
McKesson Corporation is an American pharmaceutical and medical devices distributor that was founded in 1833. The company also produces health information technology and care management tools. Headquartered in Irving, Texas, McKesson Corporation is one of the oldest companies in the USA that is still active. The company supplies one-third of all pharmaceuticals used in North America.
As of 2022, McKesson is ranked 9th on the Fortune 500 list with a market capitalization of $52.29 billion. In 2020, they earned a revenue of $231.051 billion. McKesson also owns several subsidiaries, such as Rexall, Health Mart, McKesson Europe (76%), and Uniprix. As of 2020, the company has around 80,000 employees and operates in 9 countries.
10. General Motors
General Motors Company, commonly referred to as GM, is an American multinational corporation headquartered in Detroit, Michigan, that designs, manufactures, markets, and distributes vehicles and vehicle parts. The company was founded in 1908 by William C. Durant and two others. As of 2020, GM employs over 157,000 people and has a market capitalization of $56.09 billion.
GM is the second-largest automaker in the world, with a production output of 6,829,000 vehicles in 2020 (sales). It was the largest vehicle manufacturer in the world for 70 years before losing its place to Toyota Motors. GM also owns several other automotive brands, such as Chevrolet, Buick, Cadillac, and GMC. In 2020, they secured revenue of $127.004 billion.
These are some of the top public good companies in America. As you can see, they are all large multinational corporations with a vast global presence. Each company is unique in its own way and has made a significant contribution to the American economy.
We hope this article has been informative and helped you learn something new about these companies. Thank you for reading!