The American Association of Originating Equipment Suppliers and Harbour Results Consulting released the second quarter automotive tooling industry development report. The report pointed out that in the first half of 2018, the automotive tooling industry was slower than expected, and a considerable amount of business was pushed back. Half a year.
Consultant Laurie Harbour said that the North American automotive tooling industry reached a new peak in 2017, surpassing $10 billion, 'but now car manufacturers are busy launching new cars, which are used for purchase in 2016 and 2017. 'Previous forecast In 2018, North American suppliers will invest more than $11 billion in tooling, but 'due to various factors, including rescheduled or cancelled product releases, we predict that the actual amount will be close to $8.5 billion or $9 billion, and another $2 billion investment. Will be transferred to 2019. '
Laurie Harbour is the President and CEO of Harbour Results Consulting in Southfield, Michigan. From the first quarter of the 2018 to the second quarter, both mold and die capacity utilization rates have declined, and the vacancy rate continues to climb. It reached an average of 13.5% in the second quarter and 11% in the first quarter, with several car projects delayed.
The study also shows that the overall investment in the industry has decreased. On average, mold makers plan to invest 4.8% of new capital project investment, which is less than 7.7% in 2017. Diemakers expect investment to be sales. 4.6% of income is also lower than the 5.9% in 2017.
In addition, research shows that the percentage of investment in machinery procurement expenditure is also expected to decrease. 'The investment in the tooling industry has shifted from bulk equipment to production improvement equipment, especially in the field of automation and high-speed cutting equipment. In addition, we also found that workshops and factories are interested in investing in software. System, 68% of mold companies and 42% of die companies are interested in investing in mechanical monitoring systems.
The survey responded to mold companies (74%) and die companies (26%) from the US (57%), Canada (28%), Europe (9%) and Asia (5%). Annual income ranges from less than $5 million to more than $40 million. The largest proportion is the tooling equipment manufacturer with sales between $5 million and $10 million. The president and chief of the original equipment supplier association in Washington, DC Executive Officer Julie Fream said the findings were in line with the association's work at the tooling committee meeting from various tooling manufacturers. She said: 'The tooling manufacturer is expected to be busy in the second half of the year and the project will catch up with the previous forecast. '