For people on the hunt for new jobs in the capital goods sector, a standard query is how many jobs are available in capital goods and what do capital goods jobs pay.

It is no surprise that the capital goods industry is a great place to initiate your search for high paying jobs.

Within this industry, there are various sub-industries, each with its own set of unique opportunities.

So, if you’re wondering what the capital goods industry entails and whether it’s a good career path for you, keep reading.

What are Capital Goods?

Capital goods are durable items that are manufactured. These items are used by businesses to produce goods and services.

They can include anything from tools, machinery, vehicles, and equipment. They are often called “raw materials.”

What Industry is Capital Goods?

Capital goods are part of the industrial sector, producing and selling machinery and other equipment used to create other goods and services.

The capital goods industry includes a wide array of subsectors, including construction, defense, and transportation.

How Many Jobs are Available in Capital Goods?

Today, over 1 million jobs are available in the capital goods sector, approximately 900,000 of which do not involve manual labor.

These jobs include numerous subfields, such as engineering, sales representatives, and administrative assistants.

The engineering sector alone consists of upwards of 4000 jobs. The U.S. ships more than $500 million worth of goods per year.

Additionally, according to BLS, in 2021, there was an increase in U.S. exports, meaning the job growth outlook for capital goods looks extremely good.

The industry is set to grow from 4 to 22% over the next ten years, which means that if you’re wondering how many jobs are available in capital goods, the answer is: plenty!

Types of Capital Goods Jobs

Manufacturing Engineer

Manufacturing engineers are responsible for planning and executing manufacturing processes. This also means making sure that all goods meet safety and quality standards.

Average Salary: $82,000/year

Engineering Manager

Engineering managers are responsible for planning and directing a company’s engineering activities. They usually require experience and at least a bachelor’s degree in the field. 

Average Salary: $132,000/year

Sales Engineer

A sales engineer markets products to customers. They usually hold a bachelor’s degree in engineering or a similar field along with some experience in the area.

Average Salary: $87,000/year

Marketing Manager

A marketing manager carries out the planning and coordination of a marketing pipeline within a company.

Average Salary: $100,000/year

Quality Control Manager

A quality control manager ensures that a company’s products meet the quality standards. They also perform other roles, such as supervising staff members.

Average Salary: $88,000/year

a construction worker jumping in front of a new house representing how many jobs are available in capital goods
How many jobs are available in capital goods?

Electrical Manager

The job of electrical managers is to study, design, and apply the proper use of tools and equipment that use electricity.

Generally, electrical managers have a bachelor’s degree in electrical engineering. 

Average Salary: $80,000/year

Industrial Designers

One of the best paying capital goods jobs is an industrial designer.

These individuals are also called product designers and are responsible for conceptualizing and developing goods. 

Average Salary: $74,000/year

Senior Design Engineer

Senior design engineers are responsible for planning and supervising the production processes of goods.

They usually hold at least a bachelor’s degree in engineering.

Average Salary: $74,000/year

What are 5 Examples of Capital Goods?

Capital goods are used in a wide variety of industries. 5 of the most prominent examples are mentioned below:

  1. Machinery
  2. Tools
  3. Buildings
  4. Vehicles
  5. Equipment

Is Capital Goods a Good Career Path: Pros and Cons

Pros

The advantages of working in the capital goods industry are many.

If you consider how many jobs are available in capital goods and how well they pay, many pros pop up, such as:

  • Flexibility
  • Quick promotion
  • Good salary
  • Free training

Cons

When considering a career in capital goods, there are a few factors to consider to help you weigh your options optimally.

  • Too technical
  • Health hazards (heavy-duty machinery, etc.)

What Do Capital Goods Jobs Pay?

Apart from knowing how many jobs are available in capital goods, it would help if you also considered what jobs in capital goods pay.

The average salary for capital goods workers depends on their years of experience, education level, and the location they choose to work in.

According to the BLS, the average income of capital goods workers is $71,580. This figure is expected to reach $84,460 by 2027.

What Companies are in the Capital Goods Field?

Since it’s such a vast field, many companies are in the capital goods field. Some of the largest and most prominent ones include:

Caterpillar – the leading manufacturer of mining and construction equipment.

Boeing – is a leading aerospace company involved in commercial and military aviation.

General Electric – a conglomerate with businesses in many different industries, including healthcare and transportation.

Union Pacific – a company involved in creating automotive, intermodal, and agricultural products.

Northrop Grumman – is an organization specializing in military aircraft, ammunition, and aerial vehicles.

How to Get a Job in the Capital Goods Industry?

In addition to knowing how many jobs are available in capital goods, you should also know how to get one you are interested in.

The requirements to get a job in capital goods depend on what you want to do. 

For instance, if you want to get involved in engineering roles, you will likely need an engineering degree.

If you like sales, you would likely not need a business degree but would need to have soft skills, such as good communication and the ability to work under pressure.

In addition to the right skills, you also need to have a positive attitude and be willing to work hard to succeed in the sector of your choice.

The capital goods industry may seem challenging initially, but it can also be gratifying if you are dedicated.

Final Word – How Many Jobs are Available in Capital Goods?

Capital goods play a vital role in any country’s economy.

It is an industry that our lives heavily revolve around, especially now with robotics in manufacturing and other industrial services.

Safe to say, without capital goods, manufacturing products, or building any infrastructure would not be possible. 

We hope this article helped you see how many jobs are available in capital goods and if those jobs suit your needs and interests.

What companies are in the capital goods field?

Companies that are in the capital goods field include Caterpillar, Boeing, General Electric, Union Pacific and Northrop Grumman.

Whats a capital job?

Capital goods are durable items that are manufactured. These items are used by businesses to produce goods and services.

What is capital goods segment?

Capital goods are part of the industrial sector, producing and selling machinery and other equipment used to create other goods and services.

What does capital goods mean in business?

Capital goods in business can include anything from tools, machinery, vehicles, and equipment. They are often called “raw materials.”

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