The capital goods field industry is a critical sector of the economy, responsible for producing the product that individuals and businesses use. This field also offers many rewarding career opportunities, from engineering and design to production and marketing.
One of the unique things about this industry is that it’s constantly evolving. New technologies are always emerging, leading to companies’ creation. These companies, in turn, are always looking for talented engineers and designers to help them stay ahead of the curve.
In this article, we discussed some of the companies in the capital goods field. We also highlighted their founder, present market value, headquarters, and what the company offers.
Companies In Capital Goods Field
Boeing Company
3 brothers founded the Boeing Company. The Boeing Company originally manufactured aircraft parts, primarily propellers and landing gear.
Over time, the company expanded its manufacturing capabilities to include airplanes, helicopters, and space vehicles. Today, Boeing produces commercial jetliners, military aircraft, satellites, and rockets.
Founder
William E founded the Boeing Company. Boeing and his brothers Paul and John, in 1916.
Bill Boeing was also the first president of the company.
Location
The company is headquartered at Boeing International Headquarters, Chicago, Illinois, U.S.
Market value
The market value of Boeing is $93.57 Billion as of 2022. It is considered the 134th most valuable company in the world.
Services
Boeing develops and manufactures commercial planes. They also service commercial airplanes for customers.
Ford Motor Company
The Ford Motor Company was founded in Detroit, Michigan. In fact, Henry Ford started out making horse-drawn carriages before he began mass-producing cars.
Today, Ford sells vehicles around the globe under its name and many different brands. The descendants of Henry Ford still own the Ford Motor Company.
Founder
Henry Ford founded the company in 1903. Ford (July 30, 1863) was William Ford’s and Mary Ford’s son.
Location
The company is headquartered at Ford World Headquarters, Dearborn, Michigan, U.S.
Market value
Ford motor company’s market value is estimated at $50.70 Billion as of 2022. This makes it the 298th most valuable company in the world
Services
The company designs and manufactures automobiles. The company designs, manufacture, markets, and services vehicles sold worldwide under its name and various subsidiaries.
Caterpillar Company
Caterpillar company is a company that specializes in producing tractors and construction equipment. Their products are durable and reliable.
Founder
Caterpillar company was founded by Clarence Leo Best (April 21, 1878 – September 22, 1951) in San Francisco, California, USA.
Location
The company is headquartered in Deerfield, Illinois, U.S.
Market value
The market value of Caterpillar is $96.97 Billion as of 2022. It is considered to be the 124th most valuable company in the world.
Services
Caterpillar is a manufacturer of construction equipment and engines.
They make things like tractors, backhoes, and loaders. They also make diesel and natural gas engines and have some of the best customer services in the industry.
General Electric
General Electric provides electricity, aircraft engines, oil & gas services, medical imaging systems, industrial automation solutions, financial services, home appliances, car parts, and semiconductors.
Founder
The company was founded by Charles A. Coffin, Thomas Edison, and J. P. Morgan.
Location
The company is headquartered in Boston, Massachusetts, U.S.
Market value
The market value of General Electric is $75.24 Billion as of 2022. It is considered to be the 173rd most valuable company in the world.
Services
General Electric manufactures aviation, power, and healthcare and provides renewable energy.
They make refrigerators, washing machines, air conditioners, televisions, and many other household products.
They also make jet engines, locomotives, turbines, and medical devices.
Honeywell International
Honeywell manufactures heating, ventilation, air conditioning, refrigeration, fire protection, and security products.
Founder
The company was founded by Mark Charles Honeywell (December 29, 1874 – September 13, 1964) in 1906
Wabash, Indiana, USA
Location
The company is headquartered in Charlotte, North Carolina, U.S.
Market value
The market value of Honeywell international is $123.38 Billion as of 2022. It is considered to be the 95th most valuable company in the world.
Services
Honeywell International produces products for the aerospace and automotive industries, engineered materials, specialized chemicals, and industrial, commercial, and residential control systems.
Intel
Intel is a chip maker in California. Intel produces CPUs, GPUs, and mobile processors. They also produce networking components, memory chips, and storage devices.
By revenue, Intel is the world’s largest semiconductor producer.
Founder
The company is founded by Gordon Moore (born January 3, 1929) and Robert Noyce (December 12, 1927 – June 3, 1990),
Location
Intel is headquartered in Santa Clara, California, U.S.
Market value
The market value of Intel is $160.12 Billion as of 2022. It is considered the 66th most valuable company in the world.
Services
Intel is a company that makes computer chips. Their products are used in computers, smartphones, tablets, and other electronic devices.
Conclusion
The capital goods field industry is constantly evolving, thanks to new technologies and products.
There are many reasons why you might consider the capital goods field industry.
Perhaps you are interested in working with sophisticated machinery and equipment, or maybe you are drawn to the challenge of helping companies operate more efficiently and profitably.
Whatever your reasons, there are plenty of great reasons to consider a career in this exciting and growing field.
