Capital goods are goods used in manufacturing processes and industrial production. Buildings, machinery, equipment, vehicles, and tools are examples of capital goods, and many jobs are available in the capital goods industry. Most of the top-paying capital goods jobs require the technical skills associated with white-collar jobs, but there are also many high-paying blue-collar jobs.
How many jobs are available in capital goods?
Due to the wide variety of capital goods on the market, there are many job opportunities in the capital goods industry. It’s approximately 1.3 million job openings in the commodity manufacturing industry.
Most capital goods jobs are clerical and require specialized skills such as: B. Manufacturing engineers or computer programmers, but there are also many blue-collar jobs. B. Vehicle drivers and production engineers. Basically, capital goods workers find many opportunities for good career paths, regardless of the job. As long as you have the necessary skills, finding a job in capital goods should be relatively easy and excellent.
Here's a list of some of the best jobs available in capital goods :
- Engineering Managers
- Manufacturing Engineer
- Senior Mechanical Engineer
- Electrical and Electronics Engineers
- Quality Control Manager
- Industrial Designer
- Research And Development Manager
- Sales Engineer
- Marketing Manager
- Business Development Manager
- Software Developer
- Robotics ingineer
- Warehouse Worker
- SEE THE BEST PAYING JOBS IN CAPITAL GOODS (Jobs & Salary)
What Are The Best Companies In The Capital Goods Field?
1. Union Pacific – Size: 10,000plus employees
The Union Pacific Railroad is a freight-hauling railroad operating 8300 locomotives that cover 32,200 miles of routes across 23 states of the United States that are located between Chicago in the west and New Orleans. Its official title is Union Pacific Railroad Company; however, it is often known as Union Pacific.
2. General Electric – Size: 10,000plus employees
General Electric Company is a global American business founded in 1892. It was founded in New York, the State of New York, and its headquarters are in Boston.
3. Honeywell International – Size: 10,000plus employees
Honeywell International Inc. is a publicly-traded American multinational conglomerate with its headquarters in Charlotte, the city of Charlotte in North Carolina. The main areas of operations comprise aerospace, building technology, technology and performance materials, and solutions for productivity and safety. Building technologies comprise the fourth one of these areas.
4. Lockheed Martin – Size: 10,000plus employees
The Lockheed Martin Corporation is an American multinational firm that specialises in weaponry, aircraft and military equipment, information security, and technology. It has interests throughout the globe. In March 1995, two companies, Lockheed Corporation and Martin Marietta, joined forces to create the company. The company’s headquarters are within North Bethesda, Maryland, which is situated inside the Washington, District of Columbia region.
5. United Rentals Inc. – Employees: 10,000+
Since the year, United Rentals, Inc. has been the biggest rental company for equipment around the globe, having approximately 13 per cent of the market value shares across North America. It has one of the biggest rental fleets worldwide, comprising approximately 660,000 rental units that comprise original equipment costs of about $15.97 billion.
6. Boeing – Size: 10,000+ employees
The Boeing Company is an American multinational company that develops, produces, and sells aircraft, rotorcrafts, satellites, rockets, and telecommunications equipment around the globe. In addition, the company is also involved in the design and development of missiles. In addition, the company provides services related to leasing and support for products.
7. Caterpillar Inc. – Size 10.000plus employees
Caterpillar Inc. is a Fortune 100 company based in the United States that creates, designs, designs, develops, creates, distributes and sells machines and engines as well as financial products and insurance products to customers through a global network of dealers across the globe. Caterpillar is the most renowned manufacturer of construction equipment across the world.
8. Northrop Grumman – Size: 90,000 employees
The Northrop Grumman Corporation is a global company in the military and aerospace technology field with its headquarters within the United States. It is among the biggest manufacturers of weapons as well as distributors of military technology around the world. It is home to more than 90000 people and has more than $30 billion in annual revenue.
9. 3M – Size: 93,000+ employees
3M Company 3M Company is a worldwide multinational conglomerate headquartered in the United States. It operates in the fields of industrial safety for workers, health treatment throughout the United States, and consumer products.
10. ABB – Size 5001 to 10,000 employees
ABB is a multinational company that has its headquarters in Vasteras in Sweden and in Sweden as well as Zurich in Switzerland. in Switzerland. ABB is an abbreviation derived from the name the company had originally, ASEA Brown Boveri, established in 1988 following the merging of two businesses, ASEA of Sweden and Brown Boveri of Switzerland.
Capital goods vs. consumer goods
The basic difference between consumer goods and capital goods is that capital goods are used in the manufacture of other goods whereas consumer goods are final products intended for personal consumption. For example, if you enter Local Target or Best Buy, all products in your store are considered consumer goods. On the other hand, all commodities used to produce these final products are considered capital goods.
Capital goods are often used to measure the health of an economy. Many economists use the term "core capital goods" to measure this statistic at the macro level. Core capital goods are a class of capital goods that includes most capital goods except aircraft and defense equipment.