If you’re considering a career in industrial machinery or components, you may be wondering how many jobs are available. The good news is that there is a healthy demand for workers in this field. Here’s a look at the latest job market trends for industrial machinery and components.
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Job Availability in the Industrial Machinery/Components Industry
The industrial machinery and components industry employs thousands of workers across the United States. In recent years, job availability in the industry has been on the rise, with the number of job openings increasing by nearly 20% since 2014.1
With an aging workforce and an increasing demand for specialized skills, the job market in the industrial machinery and components industry is expected to remain strong in the coming years.2 Engineering and technical positions are in especially high demand, as companies look to develop new products and improve manufacturing processes.3
If you’re interested in a career in industrial machinery or components, now is a great time to start looking for opportunities. With a steady increase in job openings and a strong demand for workers with specialized skills, the industry offers a wealth of opportunities for those who are willing to put in the work.
1 https://www.bls.gov/ooh/production/industrial-machinery-mechanics-millwrights-and-maintenance-workers.htm#tab-6
2 https://www.bls.gov/news.release/jolts.nr0.htm
3 https://www.machinerylubrication.com/Read/30337/engineer-machinery
The Importance of the Industrial Machinery/Components Industry
In the United States, the industrial machinery/components industry is a critical part of the economy. The industry employs millions of workers across the country and its products are used in a wide variety of industries, from construction to manufacturing.
The industrial machinery/components industry is also a major contributor to the nation’s exports. In 2016, the United States exported $92.4 billion worth of goods in this category, making it one of the nation’s top export categories.
Despite its importance, the industrial machinery/components industry has been shedding jobs in recent years. Between 2007 and 2017, the number of jobs in the United States declined by 14 percent. This trend is expected to continue in the coming years, as automation and other technological advancements make workers in this sector increasingly unnecessary.
The Future of the Industrial Machinery/Components Industry
The industrial machinery/components industry is projected to experience little or no growth in the coming years. This is due in part to the continued automation of manufacturing processes, which requires fewer workers. In addition, the rise of China and other countries as manufacturing powers has led to a decline in demand for American-made machinery and components.
The Act of Technology on the Industrial Machinery/Components Industry
The industrial machinery/components industry is one of the oldest and most important industries in the United States. The sector comprises establishments primarily engaged in one or more of the following: (1) manufacturing industrial machinery, including farm machinery and equipment construction machinery, mining machines, oil and gas field machinery, food products machinery, and textile, paper, foil, and wire products machinery; (2) providing services to support the design or repair of industrial machinery; (3) providing services to support the operation of industrial machinery; or (4) wholesaling industrial machinery and related parts.
Historically, the industry has been an important source of jobs for workers with a wide range of skills. However, over the past few decades, the number of jobs in the industry has declined as a result of technological change.
The Global Market for Industrial Machinery/Components
The global market for industrial machinery and equipment is forecast to reach $2.2 trillion by 2022, driven by the need to replace aging equipment in developed markets and sustained economic growth in emerging markets. The Asia-Pacific region will continue to lead demand with a share of 58.1% of the global market.
The top 10 countries covered in the study include China, the United States, Japan, Germany, Italy, France, India, South Korea, Brazil and Canada. These countries collectively accounted for 87% of the global market in 2017.
The study segments the market by product type into metalworking machinery; packaging machinery; material handling equipment; plastics and rubber machinery; printing machinery; process plant equipment; pumps, compressors and other fluid handling equipment; textile machinery; and woodworking machinery among others.
The Challenges Facing the Industrial Machinery/Components Industry
The machinery/components industry is struggling to rebound from the recession. Many companies have downsized or closed their doors, leaving thousands of workers without a job. The industry is also facing challenges from overseas competition, as well as new technologies that are making some jobs obsolete. As a result, the number of jobs available in this field is expected to decline in the coming years.
The Opportunities in the Industrial Machinery/Components Industry
With the expansive growth of the industrial machinery and components industry, many job seekers are wondering what opportunities are available in this sector. The truth is, there are a variety of positions that make up this field, from engineers and designers to sales and marketing professionals. Here is a rundown of some of the most common positions found in the industrial machinery/components industry:
-Industrial Engineer: Industrial engineers work on the design and development of new machinery and equipment. They also work on improving existing machines and systems.
-Design Engineer: Design engineers work on creating plans and designs for new machinery and equipment. They also test prototypes to make sure they meet safety and performance standards.
-Sales Engineer: Sales engineers work with clients to identify their needs and then sell them the appropriate products. They also provide support after the sale.
-Marketing Manager: Marketing managers develop marketing plans to promote the sale of products or services. They also track customer trends to come up with new marketing strategies.
The Skills required for a career in the Industrial Machinery/Components Industry
The skills required for a career in the industrial machinery and components industry can be divided into three broad categories: technical skills, interpersonal skills, and problem-solving skills.
Technical skills are those related to the operation and maintenance of industrial machinery and equipment. Interpersonal skills are those related to interacting with other people, such as customers, vendors, and co-workers. Problem-solving skills are those related to identifying and resolving problems.
In order to be successful in this industry, you will need to have strong technical skills. You should be able to operate and maintain a variety of different types of industrial machinery and equipment. You should also be familiar with the various types of materials that are used in the manufacturing process. In addition, you should have a strong understanding of the principles of quality control and safety procedures.
Strong interpersonal skills are also important for success in this industry. You will need to be able to effectively communicate with customers, vendors, and co-workers. You should be able to build relationships of trust and respect. In addition, you should be able to resolve conflicts in a constructive manner.
Finally, you will need strong problem-solving skills in order to be successful in this industry. You will need to be able to identify problems and find solutions that meet the needs of all involved parties. You should also be able to develop creative solutions to unique challenges.
The salary expectations in the Industrial Machinery/Components Industry
In order to determine the number of jobs that are available in the Industrial Machinery/Components Industry, one must first consider the salary expectations of those employed in the field. The average salary for an entry-level position in this industry is $60,000, while the average salary for a mid-level position is $80,000. The average salary for a senior-level position is $100,000. With this information in mind, it is safe to say that there are a significant number of jobs available in this industry for those who are willing to work hard and advance their careers.
How to get started in a career in the Industrial Machinery/Components Industry
The labor market for careers in industrial machinery and components is expected to be strong in the coming years. Jobs in this field are expected to grow at a rate of 5% through 2026, which is faster than the average for all occupations.1
There are many different types of jobs available in the industrial machinery and components industry. Some positions may require formal education or training, while others may only require on-the-job training. Here are some examples of positions that may be available:
-Machinists
-Operators
-Maintenance workers
-Sales representatives
-Engineers
