North American Tooling Spend Forecasted to Reach $8.3 Billion in 2025

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SOUTHFIELD, Mich., Nov. 17, 2022 /PRNewswire-PRWeb/ -- Harbour Results, Inc. (HRI), a leading authority to the manufacturing industry, recently released the results of the Harbour IQ in-depth study on the current state of the automotive vendor tooling industry. The analysis indicates automotive vendor tooling spend in North America will increase year-over-year at a rate of 13.4%, resulting in $8.3B in spending in 2025, a significant increase from 2022 estimated spend of $5.7B.