Companies and industries are key to a nation’s development and consumer durables companies are in fact no exception. It is pivotal to a country’s growth. These consumer durable companies over the years, have continued to grow and to become a force to reckon with.
You may be wondering , what consumer durable companies mean. They are those companies that produce a category of consumer goods that do not wear out quickly. And as a result are not purchased always. These goods generally can last up to three years and above.
Examples of these items are air conditioners, refrigerator, dishwasher, laptops, washing machine etc.
There are various companies that manufacture these brands but in this article, we will be looking at top ten companies that manufacture these products but in no particular order.
Apple is an American multinational technology company that specializes in consumer electronics, software and online services. It was founded by Steve Jobs and has its headquarters in California, USA.
It’s a leading world consumer durable company that engages in the manufacturing of laptops, computers, smartphones, tablets, smart watches among several others. Apple is the largest technology company by revenue totaling $365.8 billion in 2021 and as of June 2022. It is the biggest company in the world by market capitalization.
Many people consider it an iconic brand that represents anything that is modern and stylish. They are famous for the superb quality and durability of their products.
Samsung has become a household name churning out various products like phones, refrigerator, television and a variety of home appliances. It is a South Korean multinational conglomerate with its headquarters in Seoul, South Korea.
Samsung’s products are often referred to as the ‘Galaxy’ series. It provides a number of services to its customers such as warranty service and assistance. When one talks about durability, Samsung readily comes to mind. Through various technological advancement, it has earned its place as one of the leading consumer durable companies.
It is a Japanese multinational conglomerate with its headquarters in Tokyo. It is one of the world’s largest manufacturers of consumer and professional electronic products. Also, the largest video game console company and the largest video game publisher.
Just like the other multinationals, Sony has created a niche for itself and has continued to evolve over the years to the different technological advancements. When quality durable companies in the world are mentioned, then Sony can’t be missing from that list.
International Business Machines Solutions popularly known as IBM, is also one of the biggest technology companies in the world. It began in 1911 as Computing-Tabulating-Recording Company (CTR) but was changed to IBM in 1924. It has its headquarters in New York.
IBM is known for producing and selling computer hardware and software. It has served as a research and development corporation over the years such as floppy disk, hard disk drive etc. IBM has deigned computer chips for Microsoft Corporation Xbox 360.
Currently the company holds more than 40,000 patents to its portfolio. When it comes to leading companies in production of computer chips, super computers for government and large corporations to Toshiba, IBM has earned its place and built a reputation as a giant in that niche.
LG is a South Korean multinational company with its headquarters in Seoul. The Korean company is known for its home and kitchen appliances. It equally engages in the manufacturing of a wide range of products such as LCD and LED monitors, microwave ovens, air conditioners, smartphones, refrigerators, washing machines, music players, microwave ovens and a host of others.
Hitachi has a wide range of business products ranging from Power systems, IT, and electronics are just a few. Hitachi is well renowned for its selection of consumer appliances, including refrigerators, microwaves, kitchen appliances, small appliances, washing machines, air conditioners, air purifiers, dehumidifiers, and many other consumer appliances.
Toshiba is also one of the leading consumer durable companies in the world offering a wide variety of consumer appliances. It offers items such as PC, laptops, Air conditioners among several others.
It has become a household name because of its technological prowess thus has end its place in the top ten consumer durable companies in the world.
Intel corporations also known as Intel is the world’s largest microchip manufacturer by revenue in the world. It has become a household name that whosoever has used the computer should be familiar with the name. It is a giant in the computer world as it supplies microprocessors for companies like HP, Dell, Acer, Lenovo.
It has come to leave its footprint in the sand of time for accomplishing many giant strides. thus earning its place in the top consumer durable companies in the world.
9. Microsoft corporation
Microsoft is a leading developer of personal computer software. The name Microsoft rings a bell. The American multinational electronics and software company is mostly known for windows operating system.
Popular among its long portfolio is the Microsoft Office Suites, internet explorer, edge web browsers. The company is headquartered in Washington, USA. Even to the blind, it is very obvious that Microsoft can not be omitted when top ten companies in the world are mentioned.
Fujitsu is a Japanese multinational information technology equipment and services company. It is the worlds sixth largest IT service provider by revenue in 1921. It produces and provides a wide range of products such as computer hardware, software, networking solutions and mobile phones.
Conclusion of the Top 10 Consumer Durable Companies in the World
From the above, it is evident that these consumer durable companies have a wide range of products to offer ranging from computers, laptops, chips, microprocessors and so on. They have left their footprint in the sand of time having produced some of the innovating gadgets of today that we use in our homes or offices.
These companies have made giant strides in the world and can not be omitted when talking about the top ten consumer durable companies in the world. When next you are buying any durable goods, which of these ten durable companies will you patronize?