Automotive Industry: Smooth but Slower Ride Ahead in 2024

February 14, 2024
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MF mag


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Automotive Industry: Smooth but Slower Ride Ahead in 2024
That’s the consensus of auto-segment analysts and stamping manufacturers, with a relieved glance in the rearview mirror and a relaxed and mildly optimistic look ahead.



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Metal Stamping Market Expected to Grow by 4.2% CAGR Through 2032
The global metal stamping market, valued at $207.4 billion in 2023, is estimated to surpass $263.18 billion by 2029 and reach $300.34 billion by 2032, registering a CAGR of 4.20% through this period, according to Precedence Research, a market-research provider.



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Sponsored
Article: Selecting the Right Resolver-Based Die-Protection Controller
A properly implemented Die Protection Program prevents tooling and press damage, and ensures the most productive stamping operations. To be successful, the right resolver-based die-protection controller first needs to be selected. Jim Finnerty, metal stamping industry veteran and creator of the popular Wintriss Die Protection Clinic, shares five important considerations for choosing the proper controller.
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Engineered Solutions is the Name of the Game
The well-documented loss of engineering know-how throughout the automotive industry has OEMs and Tier-One suppliers hungry for engineering support from suppliers. That’s a perfect fit for the newly branded Middleville Engineered Solutions.



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Sponsored
8 Methods to Speed Up Production
Hot and dirty processes can be a major issue with high costs to boot. See eight methods to speed up cooling and cleaning of parts in process. You may be looking to cool, clean, spray, blowoff, eject parts, keep your production line running or a myriad of other problems. EXAIR can help!





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Great Designs in Steel 2024
Great Designs in Steel returns to Suburban Collection Showplace, Novi, MI, on May 22, promising a full day of presentations and displays geared toward automotive design and production.



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A Truly Experienced and Professional Team
Delta Industrial is recognized as a leading foundation contractor by most major machine and press manufacturers for almost thirty years. Delta has the unique design-build ability to specifically tailor, to accommodate the machine manufacturer’s, and the customer’s specialized needs. Delta Industrial provides complete industrial contracting services to a number of industries including automotive stamping, aerospace, energy, medical and general construction—to name a few. Customers and manufacturers look forward to working with Delta, again and again.

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Velocity Metalworks Moves Tooling and Stamping Facility
Velocity Metalworks, a full-service metal stamping, tool and die, fabrication, and contract-manufacturing company, has relocated its tooling and stamping facility in O’Fallon, IL, to a larger and more advanced facility in Belleville, IL.

Harbour podcast
WATCH and LISTEN: Laurie Harbour of Harbour Results on Destiny of Manufacturing Podcast
 
 
Laurie Harbour, President of Harbour Results, Inc., joins Dean Phillips to discuss the North American automotive-tooling industry on the Precision Metalforming Association’s Destiny of Manufacturing podcast.

Hot Off the Press
SMX Industrial Solutions Welcomes Neal Glassett as Vice President and CFO
Bodycote Expands its Medical-Market Reach by Acquiring Lake City Heat Treating
Hydroforming Press Heading to U.S. Metal Former
thyssenkrupp Materials de México inaugurates New Service Center
Hyson Adds New Machining Centers to Its Ohio Manufacturing Facility


February 2024
From the Special All-Automotive Issue of MetalForming
Don’t Let Waste Creep In
Companies that reduce machine downtime on a consistent basis, and remove unused machines, successfully drive throughput and profitability.

The History of D2 Tool Steel…According to Research
Real research trumps ChatGPT, notes MetalForming columnist Pete Ulintz, as he traces the development of this important alloy.




New Products
ATI Introduces Manual, Robot-EOA Tool Changer
Portable Laser Cleans Parts

Upcoming Issues
March
  • Pressroom Automation
  • Press Controls/Sensing
  • PMA Chair Article
  • Additive for Metal Forming and Fabricating
  • PREVIEW: RAPID + TCT
  • Robotics/Cobotics
  • Technology and Enewsletter Focus: Shop-Floor Robotics/Automation

April
  • Hydraulic Presses
  • Stamping Advanced Steels
  • Tooling—In-Die Technology
  • PREVIEW: FABTECH Mexico
  • CNC Punching
  • Arc Welding
  • Technology and Enewsletter Focus: Industry 4.0-Additive Manufacturing
 
April 24 Webcast: MetalForming LIVE on the Shop Floor: Automation Case Studies


MetalForming magazine is the official publication of Precision Metalforming Association.
PMA Services Inc.


Industry-Related Terms: Case, CNC, Die, Forming, LASER
View Glossary of Metalforming Terms

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