With a vast array of opportunities within material handling systems, manufacturers, systems integrators and automation, and material handling equipment manufacturers, dealers, and distributors, there’s no shortage of career possibilities.
The industry is growing at a rapid pace. According to a recent report, 74% of supply chain leaders are increasing their supply chain technology and innovation investments with 90% saying they are planning to spend over $1 million, an increase of 24% over last year. The Compound Annual Growth Rate (CAGR) for the industry is about 7.5% for the next decade.
Keep reading as we delve into the opportunities for professionals in the material handling industry, offering insights for both job seekers and recruiters. Additionally, we will discuss industry challenges and innovations, highlight career growth opportunities, and compare some salaries in the material handling industry with other related sectors.
Industry Challenges and Innovations
The material handling industry is rapidly evolving, with technological advancements and increasing automation playing a significant role in shaping its future. Some challenges the industry faces include labor shortages, sustainability concerns, and the need to adapt to new technologies. Innovations such as robotics, artificial intelligence, and the Internet of Things (IoT) are driving the demand for skilled professionals who can effectively navigate these changes.
Career Growth Opportunities
One of the key advantages of pursuing a career in the material handling industry is the potential for growth and advancement.
As professionals gain experience and develop their skills, they can transition into higher-level roles with increased responsibilities and compensation. For instance, a service technician may eventually become a supervisor or manager, while a sales representative can advance to a sales manager or regional director position. By staying up-to-date with industry trends and continuously developing their skill sets, professionals can maximize their career growth potential in this dynamic field.
Material Handling Industry vs. Other Related Sectors
When compared to other industries, the material handling sector offers competitive salaries and numerous opportunities for growth. For example, automation engineers in the material handling industry can expect to earn salaries ranging from $75,000 to $110,000 per year, while their counterparts in the general manufacturing sector often earn slightly lower salaries.
Additionally, the ongoing growth and technological advancements within the material handling industry create a higher demand for skilled professionals, leading to increased job stability and opportunities for higher salaries.
Some Salary Numbers for the Material Handling Equipment Manufacturers, Dealers, and Distributors
- Sales Representative: Sales representatives in this industry sell material handling equipment and systems to clients. Their salaries usually range from $50,000 to $90,000 per year, often supplemented by commissions and bonuses.
- Service Technician: Service technicians maintain, troubleshoot, and repair material handling equipment. They can expect to earn between $50,000 and $75,000 per year, depending on their experience and level of expertise.
- Product Manager: Product managers oversee the development and marketing of material handling equipment. Salaries for this role range from $80,000 to $120,000 per year.
The material handling industry is full of diverse opportunities and competitive salaries for professionals in various roles.
As the industry continues to grow and evolve, job seekers and recruiters can expect to see even more opportunities and lucrative compensation packages. Whether you’re just starting your career or an experienced professional, the material handling industry is an excellent choice for job security and financial growth.
Want a closer look at salaries within the industry? Keep an eye out for our upcoming salary report or contact us here.