What Companies Are in the Capital Goods Field

what-companies-are-in-the-capital-goods-field

Capital goods companies are into the manufacturing and distribution of goods that are used in the production of other goods and are huge employers of labor.

Current data shows that there are between 970,000 and 1.3 million job openings in the capital goods industry.

If you’re a job seeker, you can get lots of high paying jobs in Capital goods. Top companies in this field include Siemens, ABB, Northrop Grumman, and John Deere. Check out the full list below.

Related: How Many Jobs Are Available in Capital Goods in 2022?

What Companies are in the Capital Goods Field?

1. Siemens

Headquarters: Munich, Germany

Number of Employees: 303,000

Siemens is one of the world’s premier energy goods producers, leading the supply of systems for power generation and transmission as well as medical diagnosis.

Its U.S. branch focuses on digitalization, electrification, and automation products for the process and manufacturing industries.

In 2022, Siemens plans to invest $54 million across its several US manufacturing facilities to boast critical infrastructure markets. The average salary of Siemens workers in the United States is $88,581 per year.

Check out Siemens jobs now hiring

2. ABB Ltd

Headquarters: Zurich, Switzerland

Number of Employees: 105,000

ABB is a leading manufacturer of electric vehicle infrastructure, solar inverters, modular substations, distribution automation, and a whole lot of products used in electricity production.

It is basically one of the world’s biggest technology companies. Its power products are helping in the transmission and distribution of electricity all over the world.

ABB products are used in aluminum production, industrial automation, life sciences, marine transportation, mining, oil and gas, and many others.

The company is also a huge employer of labor in the United States. With its headquarters in Cary, North Carolina, ABB employs about 20,000 people in 100 communities across the United States.

The average salary of ABB workers in the United States is approximately $37,000 per year for a Spa Manager to $177,402 per year for Chief Architect.

Check out ABB Ltd. Career

What companies are in the capital goods field

3. Scheider Electric

Headquarters: Rueil-Malmaison, France

Number of Employees: 166,025

Schneider Electric specializes in the production of digital automation and energy management products.

These products are used in building homes, data centers, infrastructure, and industries. Some of the goods Schneider produces are switches, transformers, power contactors, automation panels, energy meters, and so much more.

It is also a very good company to work with and learn lots of electrical skills. Electrical engineers have a lot of skills to learn from this company. Schneider pays its workers in the US an average of $82,614 per year.

Check out Schneider Electric

4. Northrop Grumman

Headquarters: Falls Church, Virginia, United States

Number of Employees: 23,000

Northrop Grumman is a leading producer of cutting-edge aircraft, spacecraft, cyber security systems, and radars.

They produce propulsion systems, fuzes, warheads, electronic bombs, PMD tanks, and controls for air, sea, and land-based systems.

In fact, this company makes a myriad of different products, including aircraft. They make products, systems, and solutions, especially for the military and Navy.

Employees at Northrop Grumman earn an average salary of $91,023 a year.

Click to see jobs at Northrop Grumman now hiring

What companies are in the capital goods field

5. Deere & Company

Headquarters: Moline, Illinois, United States

Number of Employees: 69,634

Deere and Company manufacture agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains, heavy equipment, and lots of other capital goods.

The John Deere tractor production is shared across two locations – one in Germany and the other in the United States.

Workers in the US earn a bi-monthly salary. And employee benefits include medical, dental, and FSA options.

In addition, most workers consider Deere a good place to work with flexibility and holiday off. Employees at John Deere earn an average salary of $45,660 per year or $23.42 per hour.

Most experienced workers earn up to $61,483, while entry-level positions start at $30,225.

Check out jobs now hiring at John Deree US

6. General Dynamics Corporation

Headquarters; Reston, Virginia, United States

Number of Employees: 103,100

General Dynamics Corporation was founded on 21 February 1952 in New York, New York, United States. As of 2021, it had a net income of US$3.26 billion with total assets of UD$50.07 billion.

General Dynamics Corporation is a leading manufacturer of products such as Gulfstream business jets, combat vehicles, and communications systems.

The company has four business groups: Aerospace, Marine Systems, Combat Systems, and Technologies.

There are many job opportunities in this company for young professionals, such as analysts, quality assurance, testers, call center representatives, country managers, hydraulic technicians, and lots more.

Employees of General Dynamics earn an average salary of $89,070 per year in the United States.

Check out job opportunities at General Corporation

7. Danaher Corporation

Headquarters: Washington DC, United States

Number of Employees: 80,000

Danaher Corporation was founded in 1969 by Steven M. Rales and Mitchell Rales. It went public on June 14, 2011. Danaher Corporation produces leading-edge diagnostic tools.

They design, manufacture, and market professional, medical, industrial, and commercial products and services. Danaher Corporation also appears to be a pretty good company to work for.

Stats from employee reviews show that 83% were positive about the company, while the remaining were constructive reviews to to help the company improve its work culture.

The HR team of Danaher Corporation received 88% positive reviews from the survey. Finally, employees at Danaher Corporation earn $65,463 on average per year or $31.47 an hour in the United States.

Find jobs at Danaher Corporation here

What companies are in the capital goods field

8. Fiat Chrysler Automobile

Headquarters: United Kingdom

Number of Employees: 198,545

The Fiat, commonly known as FCA, produces vehicles under different brands. It is a global automotive group engaged in designing, engineering, manufacturing, distributing, and selling vehicles. In 2020, FCA announced a merger with PSA Group.

This merger created Stellantis, now the fourth-biggest automaker in the world with 14 different brands.

This company is definitely worth looking out for by job seekers as they are moving towards electrification. Fiat Chrysler Automobile employees earn hourly pay ranging from $18 per hour for an assembly line worker to $77 per hour for a Sales.

Click here to see current jobs at Fiat Chrysler Automobile

9. Hitachi

Headquarters: Chiyoda City, Japan

Number of Employees: 461,731

Hitachi has a subsidiary, Hitachi America Ltd., headquartered in Santa Clara, California. It offers a broad range of capital goods in electronics, power, and industrial equipment. Their key products include power semiconductors and digital solutions.

Some of Hitachi’s social innovation solutions are meant to impact manufacturing, energy, transportation, life & economy, urban development, water, security, analytics, artificial intelligence, and robotics.

Data shows that Hitachi America has great employee retention, with staff members usually staying for 3.7 years.

The average employee at Hitachi U.S.A makes $52,370 per year, which is considered competitive for its industry and location.

However, salaries can range from approximately $32,282 per year for Production Workers to $192,647 per year for Engineering Program Managers.

You can click here and see Hitachi jobs now hiring

10. Raytheon Technologies

Headquarters: Arlington, Virginia

Number of Employees: 174,000

Raytheon Technologies is a leading manufacturer of aircraft engines, avionics, missiles, air defense systems, satellites, and drones.

So Raytheon Technologies serves customers in the commercial aerospace and defense industries.

Raytheon Technologies is a market leader in the aerospace and defense industry that provides advanced systems and services for the commercial and military.

The average Raytheon salary in the USA is $40,000 per year or $20.51 per hour. Entry-level positions start at $34,964 per year, while most experienced workers make up to $121,100 per year.

Check out Raytheon Technologies jobs now hiring

What are the Examples of Capital Goods?

9 Examples of capital goods are:

  • Tools
  • Buildings
  • Vehicles
  • Machinery
  • Equipment
  • Computers
  • Software
  • Facilities
  • Power Technology

What companies are in the capital goods field/Is capital goods a good career path?

What Do Capital Goods Jobs Pay?

The average salary for an Industrial Engineer in Capital Goods is $83,539, with an average bonus of $3,216. Entry-level positions start at $67,501 per year, while most experienced workers make up to $110,000 per year.

However, most companies in capital goods pay around $70,000 on average. For instance, workers in Dynamic Corporation capital goods company earn up to $89,070 per year on average, while Engineering Programming Managers at Hitachi USA earn around $192,647 per year.

So what you get paid in Capital Goods jobs can depend on the company you work for, your role, as well as experience and qualifications.

How Many Jobs are Available in the Capital Goods Field?

Currently, there are over 1.3 million job openings in the Capital goods field. These jobs can be found in production, design, accounting, in-house marketing, legal, IT, and administrative departments of capital goods companies.

Is Capital Goods a Good Career Path?

Yes, capital goods is a good career path for many young professionals and artisans because the capital goods field includes many sectors which offer numerous employment opportunities in different communities.

If you love solving problems for other businesses, then you might find it fulfilling working in the capital goods sector.

List of Best Paying Jobs in Capital Goods

  1. Engineering Managers: $103,000
  2. Manufacturing Engineer: $71,980
  3. Senior Mechanical Engineer: $92,000
  4. Electrical Engineer: $78,016
  5. General Manager: $87,000
  6. Quality Control Manager: $72,175
  7. Industrial Designer in Capital Goods: $68,653
  8. Research and Development Manager: $144,880
  9. Sales Engineer: $74,250
  10. Marketing Manager: $109,831

What companies are in the capital goods field?

Conclusion

There are lots of multi-million dollar companies in the capital goods field. These companies are also huge employers of labor in different cities, towns, and communities.

There are loads of high paying jobs in capital goods companies, depending on your field and expertise. However, the global demand and supply chain do affect this industry’s performance.

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