what companies are in the consumer durables field

What Companies Are In The Consumer Durables Field? 10 Best

Rasi
By Rasi 14 Min Read

The consumer goods industry is a massive sector. It accounts for almost 6.9% of global GDP and is one of the leading sectors when it comes to job creation. Plenty of subsectors within the consumer goods field keep things interesting and challenging. From apparel to food, this industry has a variety of businesses within it. So what companies are in the consumer durables field?

What Are Durable Goods?

Understanding what durable goods are is essential before learning about what companies are in the consumer durables field. 

Economists define durable goods as items that do not quickly wear out or, more specifically, those that provide utility over time rather than fully consumed in one use. 

Because they should never wear out, bricks, for instance, might be considered perfectly durable goods. Because durable goods usually remain useful for several years, they are frequently purchased infrequently.

what companies are in the consumer durables field
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Consumer durable goods include things like vehicles and furniture for the home. Appliances like washing machines, dryers, refrigerators, air conditioners, computers, televisions, and other gadgets 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. Examples of consumer products in this category include furniture, appliances, and electronics. 

If you are interested in working for a company that sells these types of goods, you may be wondering what types of companies there are in this field. 

Here’s the listing of what companies are in the consumer durables field 

The Most Famous Durables Companies:

So, what companies are in the consumer durables field? Some of the most famous durables companies are:

1. Whirlpool Corp.

Whirlpool Corporation, a multinational company, produces and sells household appliances to fulfill domestic and international demand. They produce and sell refrigerators, washing machines, air conditioners, microwave ovens, and other devices. The corporation’s headquarters are in the United States, Benton Charter Township, Michigan.

Important Benefits of working at Whirlpool Corporation (Source Glassdoor):

  • Insurance, Health & Wellness. 
  • Financial & Retirement. 
  • Performance Bonus.
  • Family & Parenting. (Maternity & Paternity Leave)
  • Vacation & Time Off. 
  • Perks & Benefits. (Employee Discount)
  • Professional Support. (Job Training & Tuition)

Important Informations About the Company:

Headquarters: Benton Harbor, Michigan.

Industry: Manufacturing.

Specialties: Brand Leadership, Product Leadership, Operational Excellence, People Excellence, Innovation, Manufacturing, Diversity & Inclusion, Social Responsibility, Environmental Sustainability, and Marketing.

Employees: 78,000 employees (2020).

Revenue: US$ 19.45 billion (2020).

Net Income: US$1.08 billion (2020).

Total Assets: US$20.35 billion (2020).

2. Canon Inc.

Canon Inc. is a Japanese company established in 1937 specializing in imaging and business equipment. It has partnered with many countries, such as Canon Pvt. Ltd., to market and sell sophisticated digital imaging products and solutions. To be listed at the top regarding the question “what companies are in the consumer durables field,” it needs to be 

Canon, which adheres to its company slogan, ‘Always Delighting You,’ always provides cutting-edge technology and a varied range of products and services.

Canon Inc. provides Printers, Inkjet & Laser Printers, Document and Cheque Scanners, Digital Cameras, Mirrorless Cameras, Cinematic Imaging Products, Surveillance Cameras, and Medical Imaging Equipments also available for consumers.

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

  • Work-Life Integration.
  • Opportunities For Professional Development.
  • A Holistic Approach To Wellness. 
  • Health Care Insurance. 

Important Informations About the Company:

Headquarters: Ohta-ku, Tokyo.

Industry: Retail Office Equipment.

Specialties: Manufacturing imaging technologies.

Employees: 197,673 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).

3. Sony Corp.

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Sony Inc., commonly referred to as Sony, is a Japanese multinational conglomerate corporation based in Minato, Kōnan, Tokyo. Sony is a leading supplier of consumer and professional electronics products.

Sony Electronics is a leader in providing audio/video electronics and information technology products for the consumer and professional markets. The company’s activities include research and development, engineering, sales, marketing, distribution, and customer service.

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

  • Work-Life Balance is Appropriate.
  • Pay & Benefits.
  • Enough Job Security & Advancement.
  • Well Maintained Management.

Important Informations About the Company:

Headquarters: Tokyo.

Industry: Entertainment Providers.

Specialties: Electronics, Game, Entertainment, and Financial Services sectors.

Employees: 109,700 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).

4. Philips Ltd

Philips Ltd is one of the leading consumer products businesses in the world. It was established in the year 1891 by Gerard and Anton Philips. 

The company operates all over the world. Philips Ltd produces various products, including home appliances, lighting, medical equipment, and audio equipment. The corporation is one of the world’s top 10 consumer products firms.

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

  • Health Insurance.
  • Health Savings Account (HSA).
  • Life Insurance.
  • Flexible Spending Account.
  • Supplemental Life Insurance. 
  • Accidental Death & Dismemberment Insurance. 

Important Informations About the Company:

Headquarters: Amsterdam, Noord-Holland

Industry: Hospitals and Health Care.

Specialties: Healthcare, Medical Devices, Health systems, Cardiology, Healthtech, Oncology, Respiratory, Fertility, pregnancy, and Connected Care.

Employees: 81,592 employees (2020).

Revenue: € 1.542 billion (2020).

Net Income: €1.195 billion (2020).

Total Assets: €27.713 billion (2020).

5. LG Corp.

LG is one of the largest firms in South Korea. It is one of the top 10 largest conglomerates in the country. This company has many different business units that operate in a wide variety of industries.

If you’re wondering, “what companies are in the consumer durables field?” It is heavily involved in electronics, home appliances, and petrochemicals. It would be LG Corp. It has a strong presence in many different Asian countries. 

LG is one of the biggest producers of appliances, including fridges, freezers, washers, dryers, and dishwashers. These goods are available in more than 128 nations. It has remained a prominent player on the global stage since its establishment in 1958.

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

  • Health Care & Insurance.
  • Financial & Retirement. 
  • Performance Bonus.
  • Maternity & Paternity Leave.
  • Vacation & Paid Time Off.
  • Employee Discount.
  • Professional Support. 
  • Job Training & Tuition.

Important Informations About the Company:

Headquarters: Seoul, South Korea.

Industry: Computers and Electronics Manufacturing. 

Specialties: Consumer Electronics, Home Appliances, Air Conditioning, Home Entertainment, Mobile Communications, Solar, Display Technology, and B2B Products.

Employees: 75,000+ employees (2020)

Revenue: KRW 74.72 trillion (2021).

Net Income: KRW 3.87 trillion (2021).

Total Assets: KRW 48.21 trillion (2020).

6. Samsung Electronics

Based in Seoul, Samsung is one of the biggest names in the consumer durables field. It is a South Korean multinational electronics and IT company that accounts for around 20.3% of the country’s GDP

Samsung is one of the biggest names in the consumer durables field. The company makes a variety of consumer durables, such as smartphones, laptops, and TV sets, with a strong focus on research and development.

Important Benefits of working at Samsung (Source Glassdoor):

  • Insurance, Health & Wellness. 
  • Financial & Retirement.
  •  Performance Bonus. 
  • Maternity & Paternity Leave.
  • Vacation & Time Off. 
  • Perks & Benefits (Employee Discount). 
  • Professional Support. 

Important Informations About the Company:

Headquarters: Suwon-Si, Gyeonggi-Do, South Korea.

Industry: Computers and Electronics Manufacturing.

Specialties: Technology, Smartphone, Television, Home Appliances, etc.

Employees: 287,439 employees (2021).

Revenue: KRW 279.6 trillion (2021).

Net Income: KRW 9.9 trillion (2021).

Total Assets: KRW 426.6 trillion (2021).

7. Apple Consumer

Apple is a Silicon Valley-based tech giant specializing in consumer electronics and computer software. The company’s products include the iPhone, iPad, MacBooks, and Apple TV. With a strong brand name and a large consumer base, Apple is one of the biggest names in the consumer durables field.

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

  • You can have a positive mental and physical state of mind.
  • A family-friendly medical plan that supports fertility treatments is available. 
  • Provides paid parental leave and gradual return to work.
  • Paid leave also covers caring for a sick family member. 

Important Informations About the Company:

Headquarters: Cupertino, California.

Industry: Computers and Electronics Manufacturing.

Specialties: Innovative Product Development, World-Class Operations, Retail, and Telephone Support.

Employees: 154,000 employees (2021).

Revenue: US$365.82 billion (2021). 

Net Income: US$94.68 billion (2021).

Total Assets: US$351.02 billion (2021).

8. Microsoft Corp.

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Next up, we have Microsoft. In the case of someone searching for what companies are in the consumer durables field, who also have interests in software development. Then this American multinational computer software company is based in Redmond, Washington. It is one of the most successful companies in the world, with a market capitalization of around $2.109 Trillion

In addition to its products and services, the company also offers a variety of other products and services. Its consumer durables include Surface tablets, laptops, and computer software. Its software consists of the Microsoft Office suite and other productivity applications.

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

  • Retirement plan.
  • Employee stock purchase plan.
  • Charitable gift matching.
  • Performance bonus.
  • Stock options.
  • Equity incentive plan.
  • Supplemental workers’ compensation.

Important Informations About the Company:

Headquarters: Redmond, Washington.

Industry: Software Development.

Specialties: Business Software, Developer Tools, Home & Educational Software, etc.

Employees: 221,000 employees (2022).

Revenue: US$198.3 billion (2022).

Net Income: US$72.7 billion (2022).

Total Assets: US$364.8 billion (2022).

9. Panasonic

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Panasonic is a Japanese multinational conglomerate corporation based in Tokyo. They are one of the most recognized companies worldwide, offering various consumer durables. It has its fair share of consumer durables, including the Dream Vacuum Cleaner. Other products made by Panasonic include the Toughbook Laptop, the Lumix Cameras, and the Air Conditioners. 

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

  • Health Insurance.
  • Job Training.
  • Soft Skill Training.
  • Free Transport.
  • Team Outings.
  • Work From Home.
  • Cafeteria.

Important Informations About the Company:

Headquarters: Newark, NJ.

Industry: Appliances, Electrical, and Electronics Manufacturing.

Specialties: Complete home, business, and industrial solutions.

Employees: 2,40,198 employees.

Revenue: ¥9.09 trillion (2022).

Net Income: ¥200.71 billion (2020).

Total Assets: ¥5.22 trillion (2020).

10. Toshiba

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Last but not least, we have Toshiba. This Japanese multinational conglomerate electronics and electrical engineering company are based in Tokyo. Toshiba manufactures a variety of goods, including TVs, laptops, and air conditioners. Toshiba is one of the most well-known brands in the consumer durables industry, with an estimated value of $56 billion.

Important Benefits of working at Toshiba (Source Indeed):

  • Great network security.
  • Good food.
  • Good employee relations. 
  • Better security for the products.
  • Has a work-life balance.

Important Informations About the Company:

Headquarters: Minato-ku, Tokyo.

Industry: Appliances, Electrical, and Electronics Manufacturing.

Specialties: Energy, Social Infrastructure, Electronic Devices, Digital Solutions, and battery.

Employees: 141,256 employees (2019).

Revenue: ¥3,336.97 billion (2021).

Net Income: ¥194.65 billion (2021).

Total Assets: ¥3,734.52 billion (2021).

Conclusion 

As you were here for “What Companies Are In The Consumer Durables Field?” So, these are some of the most prominent durable companies engaged in consumer durables products. 

It is one of the largest industries and affects the lives of millions of consumers every day. Seeing how these firms continuously innovate and develop new products to meet customers’ ever-changing requirements is excellent.

That’s why we’ve listed the best durable goods companies to work for if you’re interested in working in the industry. Now you can begin your career with the proper perspective.

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