Press release
Hot Runner Market Size Expected to Reach US$ 5.2 Billion by 2027 | IMARC Group
According to the latest report by IMARC Group "Hot Runner Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global hot runner market reached a value of US$ 3.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2027, exhibiting a CAGR of 7.47% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
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.
Hot Runner Market Trends and Drivers:
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.
Report Segmentation:
The report has segmented the market into the following categories:
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:
Automotive
Electronic
Medical
Packaging
Others
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
GUNTHER 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
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
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
About Us
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.
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.
Hot Runner Market Trends and Drivers:
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.
Report Segmentation:
The report has segmented the market into the following categories:
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:
Automotive
Electronic
Medical
Packaging
Others
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
GUNTHER 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
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Other Trending Reports By IMARC Group
Oscilloscope Market: https://www.imarcgroup.com/oscilloscope-market
Hydrographic Survey Equipment Market: https://www.imarcgroup.com/hydrographic-survey-equipment-market
Power Cables Market: https://www.imarcgroup.com/power-cables-market
Magnetic Sensors Market: https://www.imarcgroup.com/magnetic-sensors-market
Ecotourism Market: https://www.imarcgroup.com/ecotourism-market
Smart Antenna Market: https://www.imarcgroup.com/smart-antenna-market
Microwave Devices Market: https://www.imarcgroup.com/microwave-devices-market
Supercapacitor Market: https://www.imarcgroup.com/supercapacitor-market
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
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
About Us
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.
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