When you mention industrials, you think construction, mining (iron ore to produce iron and steel), and manufacturing (cars, heavy equipment, computers, electronics, etc.) industries which are the backbone of commerce in any society. Industrial sector has an important role to play in countries such as Indonesia, Taiwan, Republic of Korea, and China. The industrial production index growth rate YoY has an average rate of 3.3% in the US.
Run-through: The sub-industries within Industrials
1. Defense and Aerospace:
Guarding a nation’s boundaries from external threats is an important aspect of the functioning of any country. The defense sector, as of today, is heavily reliant on technology and heavy, intricate machinery. Individuals with specialized skills and sound knowledge of technology are sought here, and they undergo extensive training before working productively.
In 2019, the spending of European defence is estimated to grow by 5% compared to last year. Similarly, it increased by 8% from countries like South Korea and India.
2. Automobile Industry:
Cars and other commercial vehicles are used to transport humans and important goods. Without these, the economy would suffer considerably. Hence, this sub-industry has its own unique place in the economy.
If you want to work here, a degree in mechanical engineering is required.
By 2030, new business models, feature upgrades and connectivity services can expand this sector to about 30%. Most of the automobile companies are now moving to Electric Vehicles.
This is related to manufacturing the bottling of soft drinks and other beverages. A key aspect of this sector is its sustainability to reduce the environmental impact.
If you are planning to contribute to this industry, you may need to have a science background along with some management-related certifications.
The construction of buildings is a very significant part of the industry. The real estate sector brings about true development and generates a lot of finance.
Infrastructure development, like making roads, bridges, etc., also comes under this. It employs over 30 million people. The world construction market has grown to USD 11.4 trillion in 2019.
Deep Dive: Explore which sub-industry resonates with you
Companies engaged in the manufacturing, testing, and distribution of aircraft, missiles, space vehicles, and related parts and equipment.
Top 3 Companies: Airbus, Boeing, and Lockheed Martin
2. Automobile, other vehicles & parts
Companies engaged in the manufacturing, development and marketing of automobiles and its respective components.
Top 3 Companies: Volkswagen Group, Toyota Motor & Daimler
Companies engaged in the bottling of beverages.
Top 3 Companies: PepsiCo, Anheuser-Busch InBev & Coca-Cola
Companies engaged in the construction of residential, commercial and industrial buildings. Including new work, additions, alterations, or maintenance and repairs.
Top 3 Companies: ACS Actividades de Construcción y Servicios S.A, Hochtief Aktiengesellschaft & VINCI
Companies engaged in the manufacturing, testing, and distribution of military systems, weapons, ammunition and provide products and services useful to mobilize, deploy, and sustain military operations.
Top 3 Companies: Lockheed Martin Corporation, Northrop Grumman Corporation & The Boeing Company
6. Energy storage & batteries
Companies engaged in the manufacture, distribution and supply of energy storage and battery products.
Top 3 Companies: NextEra Energy, Toshiba & Tesla
7. Environmental services
Companies that produce goods or services to measure, prevent, limit and minimize or correct environmental damage. Swipe left to explore!
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8. Heating, cooling & ventilation equipment and services
Companies engaged in the manufacture, distribution and supply of heating, ventilation and air conditioner products.
Top 3 Companies: Panasonic, Hitachi & Whirlpool
9. Industrial machinery
Companies engaged in the manufacturing of industrial machinery and machine tools. Including metalworking, boring, drilling, cutting, bending and forming machines.
Top 3 Companies: Caterpillar, Inc, Deere & Co. & CNH Industrial NV
10. Logistics & distribution
Companies involved in the management of the flow of products and services between the point of origin and point of consumption. Swipe left to explore!
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Companies engaged in providing containers, materials packaging and related products used to protect and transport merchandise and goods.
Top 3 Companies: International Paper Company, WestRock & Tetra Laval
12. Rail transport
Companies engaged in the provision of railway transportation services for goods and commodities.
Top 3 Companies: Deutsche Bahn, SNCF & JSC Russian Railways
13. Ship building & repair
Companies engaged in the design, manufacture and repair of marine vessels.
Top 3 Companies: A.P. Moller-Maersk Group, Mediterranean Shipping Company & COSCO – China Ocean Shipping Company
Wait, I’m confused? –
Ok, I like this industry, but will I be able to get a job here?
What skills and experiences do OTHER people in this industry typically have?
Are there any more resources to find out about this industry and job roles?
Lucky for you, these aspects have been taken care of, lets begin!
Top 3 skills to get started –
- Mergers & Acquisitions – M&A, Valuation & Selling a Company
- Enterprise Risk Management
- Customer Due Diligence: AML Controls and Procedures
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- Effective Legal Office Administration
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