How many jobs are available in capital goods? — this question will be the guide for seeking a capital goods-related career. And are expected to be answered as you read further!
Capital goods are regarded as palpable assets that are created and then used to make a consumer good or end product. Fixed assets are another type of capital good, however, these are divided into three categories—property, plants, and equipment.
To give a deeper understanding, the following are a few examples of capital goods, Capital goods entail chemicals like oil and minerals, water, and more, and it also extends to automotive & electronics domains too. Textiles like Nylon and cotton are also a part of the capital goods industry.
Different Industries in The Capital Goods Career Path
The capital goods industry includes firms that provide services to other enterprises, namely:
- Chemical industry: Chemicals are used in the chemical industry to make goods such as paints, adhesives, detergents, soaps, and so on — by this, firms develop final products by utilizing natural resources such as oil, minerals, water, and natural gas.
- Automotive Industry: The automotive industry denotes firms that make car parts instead of just dealerships and sales associates that sell these on markets.
- Electronics Industry: This accounts for the majority of the capital goods industry. As this comprises various categories like telecommunication, consumer electronics, and many more.
This industry’s principal duty is to offer parts to electric businesses in order for them to make electronic activity-related.
- Steel Industry: This industry manufactures steel and reuses steel scrap — Steel is in great demand for a variety of applications because it serves as a vital component of construction.
- Machinery industry: This sector produces the heavy machinery and equipment required to produce items. In addition, this segment comprises enterprises that provide equipment to other industries.
- Textile Industry: The textile business manufactures fabrics. It also manufactures coloring chemicals like dyes — which are then used as raw resources in the garment sector.
Different Jobs available in the capital goods market
Below are the few careers available:
- Assembler ($32,592 per year avg). An assembler’s major duty is to comprehend how various elements work together to form the end product.
- Warehouse Worker ($33,841 per year). The duties of a warehouse worker involve storing different items, placing orders, packing, and system in managing the delivery.
- Quality Control Inspector ($40,000 per year). The quality control inspector is accountable for ensuring that it adhered to certain quality requirements.
- Manufacturing Engineer ($80,000 per year). They are tasked with the management of machines and the entire procedure.
Advanced Career Options for Capital Goods Market
Few of the career prospects for senior or specialized positions:
- CAD Technician ($47,000 per year). CAD specialists acquire how to operate CAD software to design and create items.
- Mechatronics Engineering Technician ($90,000 per year). Develops, modifies, and tests devices using a mix of engineering ideas such as electronics, computer sciences, and mechanical.
- Fabricator ($38,000 per year). The fabricator must assemble the components according to an instruction manual to generate a final product.
- Robotic Engineer ($93,364 per year). A robotic engineer is someone who creates automated processes and electromechanical robots for a facile working activity.
Benefits of a career in Capital Goods Market
Some grounds why individuals might seek a profession in this field is — because of the several entry-level opportunities available, operating on a genuine project which generates a physical outcome than abstract, the Potential for advancement, and averting a sedentary approach routinely. From employment seeking no prior job experience to career advancement or opportunities for professional development, will always be a good start-up for a better future lifestyle.