According to the latest report by IMARC Group “Hot Runner Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global hot runner market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
Hot runner refers to an industrial feed device used to transfer molten plastic into molding tool cavities for manufacturing various plastic products. It contains nozzles, manifold plates, hot valves, flow control systems, etc., and is usually available in valve gate and open gate variants. Contrary to traditional cold runner systems, hot runners prevent material solidification, reducing cycle time, plastic waste generation, trimming required to smoothen the final product, etc. As a result, several industries, including construction, automotive, electronics, medical, packaging, etc., utilize these devices.
Request for a free sample copy of this report: https://www.imarcgroup.com/hot-runner-market/requestsample
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The elevating levels of industrialization worldwide are primarily driving the hot runner market. Moreover, increasing demand for injection-molded plastic products across the healthcare and automotive industries is further bolstering the market growth. For instance, automotive manufacturers are extensively utilizing injection-molded components for exterior, interior, lighting, etc., to assemble lightweight vehicles with minimal carbon emissions. Furthermore, various technological advancements, such as the escalating incorporation of the Internet of Things (IoT) and smart sensors in connected devices, are also acting as growth-inducing factors. Apart from this, the rising implementation of favorable government policies across several nations encouraging the use of lightweight plastic molding systems, coupled with the advent of Industry 4.0 trends, are further anticipated to fuel the hot runner market in the coming years.
Breakup by Gate Type:
- Valve Gate Hot Runner
- Open Gate Hot Runner
Breakup by Product Type:
- Insulated Runner
- Heated Runner
Breakup by End Use Industry:
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Barnes Group Inc.
- CACO PACIFIC Corporation
- EWIKON Heißkanalsysteme GmbH
- Fast Heat UK Limited
- FISA Corporation
- GÜNTHER Heisskanaltechnik GmbH
- Husky Injection Molding Systems Ltd.
- INCOE Corporation
- Inglass S.p.A (OC Oerlikon Management AG)
- Milacron Holdings Corp. (Hillenbrand Inc.)
- Seiki Corporation
- Yudo Co. Ltd.
Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/hot-runner-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800