Every first Friday of October, the United States celebrates National Manufacturing Day (MFG Day). This event, started by the Manufacturing Institute, highlights manufacturing's economic importance and showcases career opportunities. For the auto industry, MFG Day is a chance to recognize its contributions and anticipate future innovations.
The Importance of MFG Day
MFG Day is not just a one-day event; it kicks off a month-long celebration of Manufacturing Month. Thousands of companies and educational institutions open their doors to students, parents, educators, and community leaders. The aim? To educate the public about the realities of modern manufacturing and inspire the next generation to pursue careers in this vital sector.
In the context of the auto industry, MFG Day is particularly significant. American manufacturers have been at the forefront of technical development for over two centuries, and the automotive sector has played a crucial role in this legacy. From the assembly lines of the past to today's cutting-edge electric vehicle (EV) production, the auto industry exemplifies American innovation and resilience.
The State of the Automotive Industry
The automotive industry is a powerhouse of economic activity and innovation. By 2030, it's anticipated that the automotive industry will achieve nearly $9 trillion in revenue and sales. In 2020, the U.S. Motor Vehicle and Retail Parts trade revenue was $1.25 trillion. The United States produced 8.8 million vehicles in 2020, which was 19% less than in 2019. In 2021, nearly 15 million vehicles were sold across the United States. The global automotive manufacturing market was valued at more than $2.8 trillion USD in 2021. The automotive industry employs more than 1.7 million people in the U.S. alone, with roles ranging from design and engineering to supply chain management and sales.
Highlighting Key Trends in Auto Manufacturing
This year's MFG Day comes at a pivotal time for the auto industry, as it embraces significant trends and shifts:
1. Electric Vehicles (EVs)
The push towards electric vehicles is one of the most profound changes in the auto industry. By 2030, it's estimated that 26% of net car sales will be electric vehicles, with 58 million new self-driving cars hitting the roads. President Biden's Investing in America agenda underscores this shift, with the U.S. Department of Energy (DOE) announcing $1.7 billion to support the conversion of 11 shuttered or at-risk auto manufacturing and assembly facilities across eight states to manufacture electric vehicles and their supply chain.
2. Workforce Development
One of the most exciting aspects of MFG Day is the focus on career opportunities in manufacturing. The auto industry offers a wide range of high-paying jobs, yet there's a significant gender disparity, with only 15% of production workers being women. Efforts are underway to diversify the workforce and promote equal employment opportunities, ensuring that everyone has a chance to contribute to this dynamic industry.
3. Sustainable Manufacturing
Sustainability is at the forefront of modern manufacturing. The Domestic Manufacturing Auto Conversion Grants program, funded by the Inflation Reduction Act, aims to expand the production of efficient hybrid, plug-in electric hybrid, plug-in electric drive, and hydrogen fuel cell electric vehicles. This initiative aligns with President Biden's Justice40 Initiative, which seeks to ensure that 40% of the benefits of federal investments flow to disadvantaged communities.
4. Community and Economic Revitalization
The conversion of auto manufacturing facilities supports American workers and revitalizes communities that have long been the backbone of the U.S. economy. These investments not only create thousands of new jobs but also help retain highly skilled union workers, supporting the great comeback story of American manufacturing.
Celebrate American Manufacturing
If you're passionate about the auto industry and want to see firsthand how modern manufacturing is shaping the future, we encourage you to participate in MFG Day events. Whether you're a student exploring career options, a parent supporting your child's interests, or an educator looking to inspire your students, there's something for everyone.
Join the celebration and learn all about the American manufacturing industry. Together, we can drive the future of the auto industry in the United States and ensure its continued success for generations to come. Take advantage of the best to come out of the American auto industry at Casa Buick GMC by test-driving our many Buick and GMC vehicles like the brand new 2024 GMC Acadia. We look forward to seeing you at our dealership!
