What companies are in the capital goods field? There are several companies in the capital goods industry ranging from 10 major US companies to several others worth $40 million to $1.7 trillion and more.
What Companies Are in The Capital Goods Field
Here are some companies that are listed in the capital goods industry with the subcategories in this industry:
Examples of Capital Goods Companies
- Ace Hardware Corporation
- Advance Auto Parts Inc.
- Agilent Technologies Inc.
- Alaska Air Group, Inc.
- Alaska Communications Systems Group, Inc. (ACS)
- Alcoa Corporation (AA)
- Alliance Data Systems Corporation (ADS)
- American Airlines Group Inc. (AAL)
- American Electric Power Company Inc. (AEP)
- American Express Company (AXP)
Capital Goods Subcategories
Capital goods can be further broken down into several subcategories, including:
- Automotive equipment
- Commercial vehicles
- Construction equipment
- Electrical equipment
- Fabricating machinery
- Farm machinery and equipment
- Golf course maintenance equipment
Capital goods are tangible assets that are used in the production of goods or services.
Capital goods include machines, tools, and buildings used by manufacturers and businesses to produce their products. They also include land, mines, and oil wells used by producers to extract resources from the land.
The capital goods industry supplies companies with everything they need to operate their business and make a profit.
This includes everything from computers to manufacturing equipment and office furniture. By supplying businesses with the tools they need to succeed, capital goods companies help drive economic growth and boost corporate profits.
The Core of Modern Economy
The capital goods industry is at the core of our modern economy, supporting many other industries and facilitating technological progress through the production of heavy machinery.
These companies produce essential equipment that allow other companies in different industries to operate more efficiently.
What Do Companies in The Capital Goods Field Produce?
- Companies in the capital goods field produce long-term assets for other firms to use in their production processes.
- The equipment produced by these companies is used by other firms in their production process, not just for personal consumption.
- Examples of common equipment include computers and machines that are used to make cars and computers.
The Capital Goods Sector
The capital goods sector includes companies that produce machinery, construction and transportation equipment and other industrial equipment.
The capital goods sector does not include companies that produce consumer goods such as automobiles or home appliances.
Capital Goods Companies Classification
These companies may be classified as either industrial machinery or aerospace and defense companies.
- Industrial machinery companies are those that produce machinery for use in industrial processes.
- Aerospace and defense companies are those that produce aircraft and weapons systems.
The Automotive Industry
The automotive industry is a separate sector of its own. It’s a major consumer of capital goods, and includes companies that design and manufacture cars, trucks, buses and other vehicles.
The Main Companies in The Capital Goods Field
The main companies in the capital goods field are the ones that produce heavy equipment. Some examples of companies that produce heavy equipment include Caterpillar, John Deere, and Komatsu.
Other types of machines that fall under this category include industrial equipment, machinery, construction and transportation equipment.
Conclusion
The main players in the capital goods industry are the companies that produce heavy equipment for use in other industries.
They are generally categorized by their products and services.
Some of these manufacturers include: Caterpillar Inc., General Electric Company, Honeywell International Inc., Siemens AG, Thermo Fisher Scientific Incorporated and United Technologies Corporation.
The capital goods industry is a dynamic and constantly evolving sector of the economy. New businesses come and go, but many of the most popular and notable companies today have stood the test of time.
Indeed some have continued to innovate for decades, offering more value than ever before. Of course, there are likely countless other capital goods companies out there that we didn’t mention here, including many that are new to the sector or region.
The next time you’re in need of some high quality tools or materials, be sure to seek out one of these capital goods companies.
