What companies are in the consumer durables field? Durable goods are products or merchandise manufactured to last and therefore aren’t consumable.
Durable goods aren’t usually categorized by their shelf life; instead, they can be broken down into five categories: durable goods, semi-durable goods, non-durable goods, capital goods, and consumer durables.
This article will give you information about some of the top companies in the consumer durables field.
What is meant by Consumer Durables?
Consumer durables include such things as consumer electronics, appliances, and other household goods. While not necessarily inexpensive, these products are bought to last several years or longer.
Examples of consumer durables include televisions and DVD players, stoves and ovens, refrigerators and freezers, washers and dryers, and vacuum cleaners. Now the question is what companies are in the consumer durables field? There are top 10 companies that provide consumer durables products as given below.
Apple is known in consumer durables as a highly creative and innovative brand with cutting-edge technology. Apple has revolutionized not just personal computers but music players, phones, and tablets.
Looking for the best in consumer durables? Look no further than Apple. While its products are pricey, they have won a loyal following.
2) GE Appliances:
It can be hard to make it in the consumer durables field without the right company. GE Appliances is the nation’s third-largest appliance manufacturer. They have their headquarters in Louisville, KY, and employ over 20,000 people worldwide.
The company has $7 billion in annual revenue, which has increased over the last five years. As of 2015, they were ranked 133rd on the Fortune 500 list. GE appliances are certainly one of them!
3) Electrolux AB:
Electrolux, a Swedish company, is the biggest in the consumer durables field and ranks first among European companies. It was founded in 1902 by Nils Fredrik Idestam and was named after his wife Elektra and the Latin word lux, which means light.
The company manufactures home appliances in categories like dishwashers, dryers, refrigerators, etc. It has more than 50 factories worldwide. It has 29 subsidiaries across the globe, with headquarters in Sweden.
It also trades shares on stock exchanges in London and Stockholm.
AEG is the largest home appliance maker in the world, employing around 15,000 people in 30 different countries.
In addition to being a significant player in the consumer durables field, AEG also ranks as one of Germany’s most successful firms and operates several divisions outside of appliances.
The company provides building technical services, designs electrical systems and mechanical components, and sells equipment to the food-processing industry.
It also owns an airline (Swiss International Air Lines), a bank (Allianz Bank), and several real estate companies.
Despite its size and breadth of offerings, AEG has yet to make much progress in North America or China; as of 2016, it operated only seven stores on the entire continent.
Bosch, a German-based company, is one of the most famous names in consumer durables. In addition to providing technological solutions in over 180 countries worldwide, it specializes in household and domestic appliances and power tools.
Bosch provides high-quality products that are designed to stand the test of time. Their technologically-advanced machines are affordable and easy to use, ensuring they will last you for years.
The company’s products include dishwashers, refrigerators, and ovens, although home security systems are also top-rated among homeowners. They provide products that make our everyday lives more accessible with their innovative designs and construction quality.
6) Whirlpool Corporation:
When it comes to consumer durables, one of the essential companies out there is Whirlpool Corporation. In business since 1911, Whirlpool has been the world’s leading manufacturer of major home appliances like refrigerators and washing machines.
But they’re not just in the US—Whirlpool has over 500 brand names worldwide and sells its goods in over 175 countries. It makes them a household name worldwide, translating into billions of dollars in revenue annually.
The company also tends to be reasonably recession-resistant; 2008 was challenging for everyone, but Whirlpool saw sales rise nearly 1% that year, thanks partly to improvements in their product lines.
7) LG Electronics:
LG Electronics, Inc. is the world’s third-largest television manufacturer, and it dominates the field in Korea with a market share of over 75 percent. LGE is also the world’s largest producer of air conditioners, refrigerators, and washing machines.
In addition to producing consumer durables in Korea, LGE manufactures dishwashers and clothes dryers in South Carolina.
The company controls approximately five percent of the global TV market. It has successfully expanded into other consumer durable markets outside of TVs, including appliances, computers, home entertainment systems, lighting solutions for homes and cars (LED bulbs), smartphones… etc.
Frigidaire is a manufacturer of home appliances like refrigerators and freezers. The company was acquired by Electrolux in 1979 and has since grown to become a top player in the consumer durables field.
Frigidaire is best known for its famous line of front-loading, energy-efficient refrigerators that have helped the company increase market share significantly over the last several years.
It also manufactures other products, including ranges and dishwashers, sold under the Electrolux banner but maintains its own brand identity. The brand name, Frigidaire, originated in 1918 when William C.
Durant’s General Motors purchased Pratt & Whitney Aircraft and organized a Frigidaire subsidiary to sell air conditioners to auto companies.
9) Fagor Brandt:
With over 150 years of experience in consumer durables, Fagor Brandt has been a leader in home appliances and other consumer durables. The company was founded in 1887 by Jose Ma Brandt as a machine shop that made industrial-size washing machines.
It would be the company’s first consumer durables product. In 1898, José’s son Carlos joined the company and began working on improving existing products, such as adding gears to control the speed of washers better.
Soon after, Fagor Brandt began making sewing machines for homes and tailors alike.
10) Samsung Electronics Co., Ltd:
In the consumer durables field, Samsung Electronics Co., Ltd. ranks second in the world for total revenue behind Sony.
The electronics giant has been at the forefront of several technological revolutions, such as LCD screens and LED lights, as well as in its core market of televisions, refrigerators and air conditioners, dishwashers, and microwave ovens.
In 2011 Samsung had a global market share of 14 percent with $72.1 billion in revenues. In 2022 Samsung led 23 percent with 57.36 billion us dollars in revenue.
I hope you will understand consumer durable goods and. What companies are in the consumer durables field?
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