What Companies Are in the Consumer Durables Field?
Have you ever wondered what companies are in the consumer durables field? I am pretty sure that you are finding the answer to your questions because that’s why you are here. You are at the right place to know about the companies that are in the field of consumer durables and what are consumer durables.
Before we start our list of best companies in this field, let’s have a little introduction to consumer durables for a better understanding.
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What Companies Are in the Consumer Durables Field?
Consumer Durables are products that can be used for a long time and over time. These products are mobile phones, home appliances, TV, AC Refrigator, etc. The companies that provide or make these consumer durables are the consumer durable companies. Here in this article, we have provided a list of the 7 best companies that are in the field of consumer durables and are well known. For their products:
LG:
Who doesn’t know about LG? This South Korean Electronics company was founded in October 1958 by Koo In-Hwoi in Soth Korea. Currently, William Cho is the CEO of this company. According to the 2022 database, there are around more than 75000 employees that are working in LG.
The main high-quality and popular products by LG are televisions, refrigerators, washing machines, air conditioners, and smartphones.
Samsung Electronics Co., Ltd.:
Samsung is also a consumer durables company that mostly produces mobile phones, wearables, home appliances, tablets, TVs, laptops, etc.
Samsung is one of the best consumer durable companies which is well known for its cutting-edge technology and high-end product quality.
The company was founded on January 13, 1969, by Lee Byung-Chul. Currently, Kim Ki Nam is the CEO of Samsung. The company is running with the work of 266,673 employees according to 2021 stats.
Apple:
Yeah, that’s your favorite one. Apple is a consumer durable company that was founded on April 1, 1976, by Steve Jobs, Steve Wozniak, Ronald Wayne, and Mike Markkula.
Currently, Tim Cook is teh CEO of Apple and the main products of Apple are iPhone, iPad, Apple Watch, Apple TV, iOS, macOS, and AirTag.
According to the 2022 database, there were 164,000 employees working in the company.
SONY:
Sony is a Japanese Multinational conglomerate corporation that is also a consumer durable company. The company was founded on May 7, 1946, by Akio Morita and Masaru Ibuka.
Just like Samsung, Sony is well known for its high-end product quality and their commitment to excellence.
The main products produced by the company are Televisions and Home Cinema, Televisions Audio, Headphones, Gaming Gear, and Cameras.
According to 2022 stats, the employee count of this company was 109,700. The revenue generated by the company in 2022 was 11.54 Trillion JPY.
Panasonic:
Similar to Sony, LG, and Samsung, Panasonic is well known for its high-quality products which mostly include Radio, Televisions, speakers, headphones, electronic appliances, and home appliances.
According to March 2022, the revenue generated by the company was 7.3 Trillion JPY. The company was founded in Japan on March 7, 1918, by Kōnosuke Matsushita.
Conclusions:
These are the top 5 best consumer durable companies that produce products that can be used over time. All these companies are old and generate trillions of revenue by selling products worldwide. I hope you have not gotten the answer to your question about what companies are in the consumer durables field.
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Last Updated on May 25, 2023
