SUPPLYING AUTOMOTIVEWith high oil prices, concerns over a lack of future energy supplies and a desire for a cleaner environment, consumers view fuel efficiency as a top priority when buying a new vehicle.
TRENDS IN AUTOMOTIVE
With high oil prices, concerns over a lack of future energy supplies and a desire for a cleaner environment, consumers view fuel efficiency as a top priority when buying a new vehicle. As a result, the automotive industry is looking to further accelerate its engineering efforts to better accommodate a “green” agenda.
While current hybrid and electric cars demonstrate the industry’s commitment to fuel efficiency improvements, alternative fuel technologies and environmental sustainability, the high cost of purchasing such vehicles will most likely keep petroleum and diesel-based automobiles dominating the market until at least 2023.
Hybrid and electric cars have the biggest growth potential of any vehicle categories over the next five years, but many industry experts believe government subsidies will be necessary for mass adoption of the technology among consumers. Without subsidies, even ‘affordable’ electric-powered cars will be more expensive than their traditional-fuel counterparts for the foreseeable future.
To overcome these challenges, automotive manufacturers across the globe continue to develop technologies that will produce efficient, reliable and affordable hybrid and electric vehicles. Those companies that take a forward-thinking approach will gain a competitive advantage and secure a leadership position in the realigned automotive value chain in a post-petroleum market.
At Seco, we partner with OEMs and other vehicle-based organisations around the world to help automotive manufacturers with world-class cutting tool solutions. Whether we’re assisting in reducing costs on a cylinder head application, developing new ways to cut challenging engine materials or improving productivity on a brake caliper component, our advanced technologies, tools, strategies and component solutions can help drive the automotive industry’s success.
As the automotive industry continues to innovate more efficient and environmentally friendly vehicles, Seco will be there to help you meet and overcome any metal cutting challenges.