The Consumer Durables industry is one of the most competitive industries to enter. It is so competitive that many new companies never make it past year one, while others struggle to make a profit. The company is easy to market, but harder to build in the long term.
Consumer Durables is a very broad category encompassing appliances, household goods, and other products that consumers use every day. There are about 1.6 million job openings in the United States alone related to this industry.
What is a Consumer Durable?
A consumer durable is a product that is used or consumed by the general public. These products can be anything from cars to appliances. The market for consumer durables is huge and there are a lot of jobs available in this field.
Industry Statistics for Consumer Durables
Consumer durables are an important part of the global economy and are forecast to grow at a rate of 6.5% over the next five years. This growth will create new opportunities for workers in the industry, and the number of jobs available in consumer durables is predicted to increase by 16%.
There are a variety of positions available in consumer durables, including manufacturing, sales, marketing, and engineering. The most common occupations in this industry are sales representatives (30%), engineers (26%), and manufacturing operators (24%).
What are the Challenges of the Industry?
One challenge is the high level of competition. Many companies are investing in new technologies and products, which means there are always new opportunities to be found. Additionally, the market is constantly evolving, which means current employees need to be ready to learn and keep up with new changes.
Another challenge is the long learning curve. Many positions in the industry require employees to have a wide range of knowledge and skills, so it can take some time to learn everything required for a position. In addition, employees may need to learn new technologies or procedures on the job, which can be challenging.
How many Jobs are Available in Consumer Durables
There are many jobs in the Consumer Durables industry, as this sector is growing rapidly. In fact, according to the Bureau of Labor Statistics (BLS), the Consumer Durables industry is projected to grow by 20 percent over the next decade. This means that there will be even more opportunities for those who want to work in this field.
The Consumer Durables industry employs approximately 9.5 million people in the United States. Demand for new and used appliances is high, which means there are many opportunities for those who want to work in this field. Some examples include positions such as:
- Sales Rep
- Manufacturing Coordinator
- Department Manager
- Quality Control Inspector
- Service Technician
Best Jobs to Pursue in Consumer Durables
1. Product Manager
A product manager is responsible for all aspects of a product’s development and marketing. They work with teams to create products that meet customer needs and expectations and often have a strong background in business or engineering.
2. Research Development Engineer
A research & development engineer is responsible for developing new products and technologies. They may work on projects that involve both theoretical research and practice which can include working with other departments such as manufacturing or marketing.
3. Quality Control Engineer
A quality control engineer is responsible for ensuring that products meet customer specifications. They may inspect materials and processes to ensure that the finished product meets agreed-upon standards, or they may conduct tests to determine the effectiveness of a product’s design.
4. Human Resources Administrator
A human resources administrator is responsible for managing an organization’s employee relations, compensation, benefits, training, and other HR issues. They often have a strong background in business or management studies
There are other job opportunities in Canada, most of which you can apply online even before becoming a resident
Frequently Asked Questions
Q: What is the difference between consumer and industrial durables?
A: Industrial durables are used in industries such as construction, transportation, manufacturing, and oil and gas. Consumer durables are used by consumers for things like appliances, phones, cars, and furniture.
Q: How many jobs are available in consumer durables?
A: There is a wide variety of jobs that are available in consumer durables. Some of the most common jobs include product manager, engineer, marketing specialist, and salesperson.
Q: What qualifications are necessary to pursue a career in consumer durables?
A: The qualifications that are necessary to pursue a career in consumer durables vary depending on the position that is being sought. However, most positions require a college degree in engineering, business, or marketing.
Q: What is the average salary for a career in consumer durables?
The average salary for a career in consumer durables depends on the position that is being pursued and the level of experience that is possessed. However, most salaries start at around $50,000 per year and rise to $100,000 or more per year based on experience and skills possessed.