Business

What companies are in the consumer durables field? 10 companies

What companies are in the consumer durables field? The consumer goods industry is huge. It accounts for nearly 6.9% of global GDP and is one of the most important sectors for job creation. There are multiple subsectors within the consumer goods industry that keep things interesting and challenging. This industry includes a wide range of businesses, from apparel to food. So, What companies are in the consumer durables industry?

What Are Durable Goods?

Understanding what durable goods are is necessary before learning about the companies involved in the consumer durables industry.

According to economists, items that do not quickly wear out or, more specifically, provide utility over time rather than being fully consumed in one use are called Durable goods.

For example, Bricks may be considered perfectly durable goods because they should never wear out. Durable goods are frequently purchased infrequently because they typically last for several years.

Vehicles and home furnishings are examples of consumer durable goods. Washing machines, dryers, refrigerators, air conditioners, computers, televisions, and other electronic devices are also included.

What Companies Are In The Consumer Durables Field? 

“Consumer durables is a broad term that refers to goods with a long lifespan and low frequency of usage as opposed to non-durable goods”. Furniture, appliances, and electronics are examples of consumer products in this category.

If you want to work for a company that sells these types of goods, you might be wondering what kinds of companies exist in this field.

Here is a list of the most famous companies which are involved in the consumer durables industry.

1. Samsung Electronics2. Apple Consumer
3. Microsoft Corp.4. Sony Corp.
5. Whirlpool Corp.6. Canon Inc.
7. Philips Ltd8. LG Corp
9. Panasonic10. Toshiba

1. Samsung Electronics

What companies are in the consumer durables field

Samsung, headquarters is located in Seoul and is one of the most well-known names in the consumer durables industry. It is a South Korean multinational electronics and information technology company that accounts for approximately 20.3% of the country’s GDP.
Samsung is a household name in the consumer durables industry. The company manufactures consumer durables such as smartphones, laptop computers, and television sets, with a strong emphasis on research and development. It must be at the top of the list when asked, “What companies are in the consumer durables field?”

Benefits of working at Samsung (Source Glassdoor):

  1. Insurance, Health & Wellness. 
  2. Financial & Retirement.
  3. Performance Bonus. 
  4. Maternity & Paternity Leave.
  5. Vacation & Time Off. 
  6. Perks & Benefits (Employee Discount). 
  7. Professional Support. 

Information About the Company

HeadquartersSuwon-Si, Gyeonggi-Do, South Korea.
IndustryThe Computers and Electronics Manufacturing
SpecialtiesSmartphones, Technology, Home appliances, Television, etc
Employees287,439 employees (2021)
RevenueKRW 279.6 trillion (2021)
Net IncomeKRW 9.9 trillion (2021).
Total AssetsKRW 426.6 trillion (2021).

2. Apple Consumer

What companies are in the consumer durables field

Apple is a tech giant based in Silicon Valley that specializes in consumer electronics and computer software. The iPhone, iPad, MacBooks, and Apple TV are among the company’s products. Apple is one of the biggest names in consumer durables, with a strong brand name and a large consumer base. This is the second largest company every time when we write on ” what companies are in the consumer durables field”.

Benefits of working at Apple Consumer. (Source Apple Inc.):

  1. You can have a positive mental and also physical state of mind.
  2. A family-friendly medical plan. 
  3. Provides paid parental leave and gradual return to work.
  4. Paid leave also covers caring for a sick family member. 

Information about the company

HeadquartersCupertino, California.
IndustryThe Computers and Electronics Manufacturing
SpecialtiesWorld-Class Operations, Innovative Product Development, and telephone support.
Employees154,000 employees (2021).
RevenueUS$365.82 billion (2021)
Net IncomeUS$94.68 billion (2021)
Total AssetsUS$351.02 billion (2021)

3. Microsoft Corp.

What companies are in the consumer durables field

The very next company is Microsoft. In the case of someone looking for companies in the consumer durables industry that are also interested in software development. Then there’s this American multinational computer software corporation headquartered in Redmond, Washington. With a market capitalization of approximately $2.109 trillion, it is one of the most successful companies in the world.

the company provides a wide range of other goods and services. Its consumer durables goods include a huge number of tablets, laptops, and computer software. Its software includes the Microsoft Office suite as well as other productivity applications.

Benefits of working at Microsoft Corp. (Source Interview Kickstart):

  1. Retirement plan.
  2. Employee stock purchase plan.
  3. Charitable gift matching.
  4. Performance bonus.
  5. Stock options.
  6. Equity incentive plan.
  7. Supplemental workers’ compensation.

Information About the company

HeadquartersRedmond, Washington
IndustryThe Software Development
Specialties Developer Tools, Business Software, Home & Educational Software, etc.
Employees221,000 employees (2022).
RevenueUS$198.3 billion (2022)
Net IncomeUS$72.7 billion (2022)
Total AssetsUS$364.8 billion (2022)

4. Sony Corp

What companies are in the consumer durables field

Sony Inc., or simply Sony, is a Japanese multinational conglomerate corporation headquartered in Minato, Kan, Tokyo. This is a leading manufacturer of consumer and professional electronics.

Sony Electronics is a market leader in consumer and professional audio/video electronics and information technology products. Research and development, engineering, sales, marketing, distribution, and customer service are all part of the company’s activities.

Benefits of working at Sony Corp. (Source Indeed):

  1. Work-Life Balance is Appropriate.
  2. Pay & Benefits.
  3. Enough Job Security & Advancement.
  4. Well Maintained Management.

Information About the company

HeadquartersTokyo
IndustryThe Entertainment Providers
Specialties Entertainment, Electronics, Game, and Financial Services sectors
Employees109,700 employees (2020).
Revenue¥8.999 trillion (US$81.38 billion) (2021).
Net Income¥1.191 trillion (US$10.77 billion) (2021)
Total Assets¥26.354 trillion (US$238.31 billion) (2021).

5. Whirlpool Corp.

What companies are in the consumer durables field

Whirlpool Corporation is a multinational corporation that manufactures and sells household appliances to meet domestic and international demand. They manufacture and sell appliances such as refrigerators, washing machines, air conditioners, microwave ovens, and other electronic devices. The corporation’s headquarters are in Benton Charter Township, Michigan, in the United States.

Benefits of working at Whirlpool Corporation (Source Glassdoor)

  1. Insurance, Health & Wellness. 
  2. Financial & Retirement. 
  3. Performance Bonus.
  4. Family & Parenting. (Maternity & Paternity Leave)
  5. Vacation & Time Off. 
  6. Perks & Benefits. (Employee Discount)
  7. Professional Support. (Job Training & Tuition)

Information about the company

HeadquartersBenton Harbor, Michigan
IndustryThe Manufacturing
Specialties Product Leadership, Brand Leadership, Operational Excellence, Manufacturing, People Excellence, Diversity & Inclusion, Innovation, Social Responsibility, Environmental Sustainability, and Marketing.
Employees78,000 employees (2020)
RevenueUS$ 19.45 billion (2020)
Net IncomeUS$1.08 billion (2020)
Total AssetsUS$20.35 billion (2020)

6. Canon Inc.

What companies are in the consumer durables field

Canon Inc. is a Japanese corporation founded in 1937 that specializes in imaging and business equipment. It has established partnerships with a number of different countries, including Canon Pvt. Ltd., to sell sophisticated digital imaging products and solutions. 

Canon Inc. sells printers, inkjet and laser printers, document and cheque scanners, digital cameras, mirrorless cameras, cinematic imaging products, surveillance cameras, and medical imaging equipment.

Benefits of working at Canon Inc.(Source Canon’s Web Page) :

  1. Work-Life Integration.
  2. Opportunities For Professional Development.
  3. A Holistic Approach To Wellness. 
  4. Health Care Insurance. 

Information about the company

HeadquartersOhta-Ku, Tokyo.
Industry The Retail Office Equipment
SpecialtiesManufacturing imaging technologies.
Employees197,673 employees (2017)
Revenue¥3.59 trillion US$32.67 billion (2019)
Net Income¥125.11 billion, US$1.14 billion (2019)
Total Assets¥4.77 trillion US$43.35 billion (2019)

7. Philips Ltd

What companies are in the consumer durables field

Philips Ltd is one of the world’s leading consumer product companies. Gerard and Anton Philips founded the company in 1891.

The company has a global presence. Philips Ltd manufactures a wide range of goods, including home appliances, lighting, medical equipment, and audio equipment. The company is one of the top ten consumer goods companies in the world.

Benefits of working at Philips Ltd. (Source Glassdoor):

  1. Health Insurance.
  2. Health Savings Account (HSA).
  3. Life Insurance.
  4. Flexible Spending Account.
  5. Supplemental Life Insurance. 
  6. Accidental Death & Dismemberment Insurance.

Information about the company

HeadquartersAmsterdam, Noord-Holland
IndustryHospitals and Health Care
Specialties Medical Devices, Health systems, Healthcare, Cardiology, Healthtech, pregnancy, Oncology, Respiratory, Fertility, and Connected Care.
Employees81,592 employees (2020)
Revenue€ 1.542 billion (2020).
Net Income€1.195 billion (2020)
Total Assets€27.713 billion (2020)

8. LG Corp

What companies are in the consumer durables field

LG is one of South Korea’s largest corporations. It is one of the country’s top ten largest conglomerates. This company has numerous business units that operate in various industries.

If you’re wondering, “Who are the companies in the consumer durables industry?” It has a strong presence in home appliances, electronics, and petrochemicals. LG Corp. is the answer. It has a significant presence in many Asian countries.

LG is a major manufacturer of appliances such as refrigerators, freezers, washers, dryers, and dishwashers. These products are available in over 128 countries. Since its inception in 1958, it has remained a major player on the global stage.

Benefits of working at LG Corp. (Source Glassdoor):

  1. Health Care & Insurance.
  2. Financial & Retirement. 
  3. Performance Bonus.
  4. Maternity & Paternity Leave.
  5. Vacation & Paid Time Off.
  6. Employee Discount.
  7. Professional Support. 
  8. Job Training & Tuition.

Information about the company

HeadquartersSeoul, South Korea.
IndustryComputers and Electronics Manufacturing
Specialties Consumer Electronics, Mobile Communications, Home Appliances, Air Conditioning, Solar, Display Technology, and B2B Products.
Employees75,000+ employees (2020)
RevenueKRW 74.72 trillion (2021)
Net IncomeKRW 3.87 trillion (2021)
Total AssetsKRW 48.21 trillion (2020).

9. Panasonic

Panasonic is a Tokyo-based Japanese multinational conglomerate corporation. They are one of the most well-known companies in the world, providing a wide range of consumer durables. It has a good selection of consumer durables, such as the Dream Vacuum Cleaner. Panasonic also manufactures the Toughbook Laptop, Lumix Cameras, and Air Conditioners.

Benefits of working at Panasonic Ltd. (Source Ambition Box):

  1. Health Insurance.
  2. Job Training.
  3. Soft Skill Training.
  4. Free Transport.
  5. Team Outings.
  6. Work From Home.
  7. Cafeteria.

Information about the company

HeadquartersNewark, NJ
IndustryAppliances, Electrical, and Electronics Manufacturing
Specialties business, Complete home, and industrial solutions
Employees2,40,198 employees
Revenue¥9.09 trillion (2022)
Net Income¥200.71 billion (2020)
Total Assets¥5.22 trillion (2020)

10. Toshiba

Toshiba, The headquarters of this Japanese multinational conglomerate electronics and electrical engineering company are in Tokyo. It produces a wide range of products, including televisions, laptop computers, and air conditioners. With a market capitalization of $56 billion, This is one of the most well-known brands in the consumer durables industry.

Benefits of working at Toshiba (Source Indeed):

  1. Great network security.
  2. Good food.
  3. Good employee relations. 
  4. Better security for the products.
  5. Has a work-life balance.

Information about the company

HeadquartersMinato-ku, Tokyo
IndustryAppliances, Electrical, and Electronics Manufacturing
Specialties Social Infrastructure, Energy, Electronic Devices, Digital Solutions, and battery.
Employees141,256 employees (2019)
Revenue¥3,336.97 billion (2021)
Net Income¥194.65 billion (2021).
Total Assets¥3,734.52 billion (2021).

Final Words

Because you were looking for “What companies are in the consumer durables field?” As a result, these are some of the most prominent consumer durables companies.

It is one of the most important industries, affecting the lives of millions of people every day. It’s fascinating to see how these companies constantly innovate and develop new products to meet the ever-changing needs of their customers.

That is why, if you are interested in working in the industry, we have listed the best durable goods companies to work for. You can now begin your career with a clear head.

Hassan

I'm a content writer and writing for 5 years for multinational companies.

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