What are consumer durables? What do workers in consumer durables do? What companies are in the consumer durables field? These and many questions are going to be answered in this post.
First out, the consumer durables field is made up of companies that produce and sell products that are not typically consumed within one year. These products are designed for long-term use and include items such as furniture, appliances, and electronics. Many of the companies in this field are large, international corporations with a long history of success.
However, in recent years, the consumer durables field has undergone a number of changes. These changes have been driven by technological advances, changes in consumer preferences, and the rise of new competitors. As a result, the landscape of the consumer durables field has changed significantly in recent years.
So, if you are looking to choose a career path in the consumer durables field, you need to get more acquainted with the industry. In this post, we will explain what the consumer durables industry is all about and if it’s a good career path to consider. So, let’s get into it.
What Are Consumer Durables?
Consumer durables are defined as products that do not need to be replaced frequently and have a long lifespan. They are also called durable goods, and some examples include cars, appliances, and furniture.
These items will not break down as quickly as other products do and can last for many years without needing repairs or replacements of any kind. The consumer durables industry is made up of companies that manufacture and sell these types of products.
What Companies Are In The Consumer Durables Field?
There are a number of large, successful companies in the consumer durables field. These companies have a long history of success and are often leaders in their respective industries. Some of the top companies in this field include:
- Samsung
- Apple
- LG
- Toyota
- Sony
- Panasonic
- Toshiba
- Sharp
- Philips
- Bose
- JBL
- Bowers & Wilkins
These companies are all reputable in their respective fields and offer a wide range of products that are sure to meet the needs of any consumer.
When choosing a consumer durable company, it is important to consider the reputation of the company, as well as the range of products that they offer
We will go into full detail as we progress in this article. We will show you what each company is and what consumer durable goods they provide. But before that, let’s get more familiar with the field.
The Different Types of Consumer Durables
There are three main types of consumer durables:
- Appliances: These are large durables that are used in the home, such as refrigerators, washing machines, and dryers.
- Automobiles: Cars, trucks, and other vehicles that are used for transportation.
- Furniture: Chairs, tables, beds, and other furniture items that are used in the home.
Some other common types of consumer durables include electronics, kitchenware, clothing, and sports equipment. You may be surprised to see kitchenware on the list.
That is to show you that even though consumer durable goods are built to last for a long time, they don’t necessarily have to be expensive!
Differences Between Consumer Durable and Non-Durables?
The biggest difference between consumer durables and non-durables is the fact that consumer durables are things that you buy and then use over and over again. They’re considered “durable” because they last for a long time.
Consumer non-durables, on the other hand, are things you buy and use once or only a few times. These items do not last as long as consumer durables. Examples of non-durables include food, clothes, toilet paper, shampoo, and medicine.
The Benefits of Consumer Durables
There are many benefits to owning consumer durables. They can last for years, so you do not have to replace them often. They also tend to be very durable and can withstand regular use. Additionally, they can add value to your home and make your life more comfortable.
Consumer durables can also help you save money in the long run. For example, if you purchase a durable piece of furniture, you will not have to replace it as often as you would if you bought a cheaper, less durable piece of furniture.
In addition to all of these financial benefits, consumer durables can also improve your quality of life. For example, a comfortable sofa can make your living room more inviting, and a high-quality kitchen appliance can make mealtime less stressful. Ultimately, consumer durables can help you create a home that is both beautiful and functional.
How Many Jobs Are Available In Consumer Durables?
Well, there is a wide range of jobs available in consumer durables. The $2 trillion industry presently has more than 3 million people working there.
There are job opportunities in different areas and sectors of the industry. These include marketing, product design, engineering, operations, sales, and more!
Is Consumer Durables A Good Career Path?
Consumer durables is a great career path for people who are passionate about consumer products and services and want to help others get the most out of their purchases. Consumer durables is an exciting field because it’s constantly evolving, and there are several job opportunities available.
Several job opportunities
Consumer durables is a great career path. There are several job opportunities in this field, including those related to manufacturing and design. If you’re interested in the manufacturing side of things, you can work as a production manager, quality control inspector, or quality assurance manager.
If you have a passion for design and innovation, you might consider becoming an industrial designer or product designer. These types of jobs are more likely to be found at small businesses than large corporations.
Job security
It’s true that some of these careers can be high-stress and involve long hours. But the reality is that you have a much higher level of job security than if you were to pursue an alternative career path.
This is because the consumer durables industry has been through several recessions and financial downturns throughout history and yet has continued to thrive. As long as there are people in need of products like cars and houses, these companies will continue to be profitable.
So you can rest assured that there will always be jobs available in this field—and more importantly, these jobs aren’t going anywhere anytime soon!
Rewarding jobs
One of the several perks of working in consumer durables is the potential for high salaries. The average salary in this industry is $66,000 per year, but that number can be much higher depending on the job or company you work for.
Flexible working hours
Another benefit of working in this industry is that it’s flexible. You can work from home or from an office, and you don’t have to worry about driving to your job every day.
Work is interesting
You’ll get to work with some pretty cool products. Whether it’s cars, computers, or kitchen appliances, working in the consumer durables industry means getting to play around with all sorts of new gadgets at work! It’s fun, and it makes the job more interesting.
What Is the Average Salary of a Worker In Consumer Durables?
Now, let’s talk about what jobs in consumer durables pay. So, if you are asking, ‘what is the average salary of a worker in consumer durables,’ then this section is for you. Interestingly, jobs in consumer durables pay really well. So, it doesn’t only provide job security but also pays handsomely.
The average salary of a worker in consumer durables is $66,000 per year. But this amount can vary based on some factors, including experience, skills, and the type of company you work with.
Best-Paying Jobs in Consumer Durables
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Sales manager
The sales manager is a key position in the consumer durables industry. The sales manager is responsible for overseeing all aspects of the company’s sales operations, including planning, forecasting, and leading teams of salespeople. They make sure that the company’s sales strategy is implemented successfully and meets its goals.
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Robotics Engineer
You might be surprised at how many robotics systems go into not only the appliances and technology items you buy but also the machines that are used to manufacture them. Because of this, robotics engineers are needed across the consumer durables industry.
Robotics engineers build and program robots to perform a function, so if you’re good at math and science, have strong problem-solving skills, and think working with machines sounds interesting, you might want to consider this field. The average salary of a robotics engineer is $89,000 per year.
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Quality Assurance Engineer
Quality assurance engineers are responsible for ensuring that the products that come off a manufacturing line meet quality standards. They use their knowledge of engineering and manufacturing to make sure that their products are properly built and they make sure that the product meets all of the company’s standards.
This can include making sure that it’s built to last or ensuring that it doesn’t contain any harmful chemicals. The average salary of a quality assurance engineer in consumer durables is $86,000 per year.
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Sales Representative
The sales representative is one of the entry-level positions in the industry. The average annual salary for a sales representative is $56,000, with some earning up to $85,000 per year.
The job can be rewarding and exciting, but it can also involve long hours and unpredictable schedules. A sales representative’s main role is to sell products or services to customers, either directly or through an intermediary.
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Product Manager
A product manager is one of the top-paying jobs in consumer durables industry. In this role, you are responsible for managing the product development process. You will work with engineers and designers to produce new products or improve existing ones. You will make sure that your product meets the needs of your customers and that it is profitable for the company.
What Companies Are In The Consumer Durables Field?
If you are looking for a job in this industry, then you should know about some of these giant companies. Here are some of the most common companies in the field.
1. Samsung
Samsung is a South Korean multinational conglomerate company that is best known for making consumer electronics such as mobile phones, televisions, and home appliances.
It has been in the consumer durables business since 1969, when it first started making black-and-white TVs. It also makes refrigerators, washing machines, and air conditioners, among other products.
In 2017, Samsung had sales worth $229 billion with a net income of $45.8 billion which made it the second largest company in terms of value in South Korea after Hyundai Motor Company.
The company has over 700 subsidiaries, including Samsung Electronics, which makes its smartphones and televisions, among other products.
2. Apple
Apple is one of the best-known companies in the consumer durables industry. It’s a technology company that specializes in developing, designing, manufacturing, and selling personal computers, computer software, internet services, mobile phones, and other consumer electronics. You can also trade in apple products before upgrading to a new one.
3. LG
LG is a Korean company that manufactures electronics and home appliances. It was founded in 1958, with its headquarters located in Seoul, South Korea. The company provides products for the consumer electronics, telecommunications, and home appliance industries. LG also manufactures products related to entertainment and solar energy.
LG’s product lines include washing machines, refrigerators, air conditioners, dishwashers, televisions, Blu-ray players, vacuum cleaners, and other household appliances. The company also makes mobile phones, such as the G7 ThinQ smartphone sold by AT&T Inc., which was released in May 2019.
4. Toyota
Toyota is a Japanese automotive company that was founded in 1933 by Kiichiro Toyoda. It is one of the largest automakers in the world, with operations around the globe.
The company manufactures motor vehicles under the Toyota brand, as well as in other brands, and markets them through dealerships. In August 2017, Toyota became the world’s first automobile manufacturer to produce more than 10 million vehicles per year. It also owns Daihatsu, Hino Motors, and Lexus.
5. Panasonic
Panasonic is a consumer durables company, best known for its home appliances. The company was founded in 1918 and is headquartered in Osaka, Japan. Panasonic has grown to become one of the largest electronics companies in the world, with annual sales of $85 billion.
The company’s products range from consumer electronics like televisions, computers, and phones to industrial equipment like robots and semiconductors.
Panasonic also produces electric cars under its own brand name as well as through joint ventures with other companies like Toyota Motors Corp.
6. Toshiba
Toshiba is a Japanese multinational manufacturer and electronics company. It was founded in 1875 and is headquartered in Tokyo. Toshiba has a global presence, with operations in more than 170 countries.
Toshiba’s primary business is the development and manufacture of electronic devices and systems. They have three divisions: Digital Products, Electronic Devices & Components, and System LSI Company.
In addition to its core businesses, Toshiba also offers services such as consulting, system integration, industrial automation, and robotic manufacturing solutions.
7. Sharp
Sharp is a consumer durables company that makes a wide variety of products. They make everything from simple toasters and blenders to high-end televisions and refrigerators.
Sharp is also known for its LCD screens and other electronic devices, which are popular among consumers worldwide.
8. Philips
Philips is a Dutch multinational electronics company. It was founded in 1891 by Frederic Philips and his father, Gerard Philips.
The company’s headquarters are located in Amsterdam, Netherlands. Philips is best known for its consumer products, such as air conditioners, televisions, and other home electronics. It also produces medical equipment and lighting systems.
9. JBL
JBL is a consumer electronics brand that produces speakers, headphones, and other audio products. JBL was founded in 1946 by James Bullough Lansing.
JBL became famous for its high-quality speakers, which were used in concert halls and movie theaters. The company also has a strong presence in the car audio market.
10. Bowers & Wilkins
Bowers & Wilkins is a company that specializes in the design and manufacture of high-end audio equipment. The company was founded in 1966, and it has since grown to include over 2,000 employees across three different locations in the United Kingdom.
The company’s products include home theater systems and speakers, as well as headphones for both professional use and personal use.
The company also produces Bluetooth wireless speakers that are compatible with Apple devices such as iPhones and iPads.
Final Note
We believe we have done justice to the question, ‘what companies are in the consumer durables field.’ So, if you are looking for a career path in this industry, you already have an idea of where to look.
We have shown you what the industry is about and how much you can make working in the field. If you still have some questions or concerns concerning the topic, just drop a message for us in the comment section below. And we will be glad to help!
