Big Changes Ahead for Tool & Die Industry
The North American tool and die industry will see spending peak at $11 billion this year, driven by nearly 180 new-model programs, says Laurie Harbour, CEO of Harbour Results Inc.
The North American tool and die industry will see spending peak at $11 billion this year, driven by nearly 180 new-model programs, says Laurie Harbour, CEO of Harbour Results Inc. But her company’s research indicates sales will then shrink to $8.5 billion next year and to $6.7 billion in 2020 before reviving.
Harbour says the next upturn will be driven by demand for different types of tooling. That’s because the next decade will be shaped by programs that increasingly focus on electric and self-driving vehicles. She says the shift will alter the types and volume of tooling required—and the types of materials they will process.
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