Hot Runner Market: Advanced Technologies & Growth Opportunities in Automotive Industry 2019 - 2026

Hot Runner Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026." The report provides a detailed analysis of drivers & opportunities, changing market trends, competitive market landscape, and market size & estimates. As per the report, the global hot runner market accounted for $2.85 billion in 2018 and is expected to hit $5.24 billion by 2026, registering a CAGR of 7.9% during 2019-2026.

The advantage of cost-saving coupled with higher volume of production and increase in demand for complex injection molded products fuel the growth of the global hot runner market. On the other hand, several threats of substitutes hamper the growth to some extent. However, high-end technological advancements are expected to create lucrative opportunities for key players in the industry.

Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/5379

Hot runner systems are used for reducing wastage of plastic material that arise in the injection molding process. The utilization of a hot runner system increases molding efficiency by offering reduced cycle time, and decrease in labor, material, and energy costs. It also adds significantly to consistency and quality of part, and permits additional flexibility for molding automation. In addition, the global hot runner market is mainly propelled by the rise in demand for optimal quality injection-molded parts from numerous end-use industries such as the consumer goods, packaging, automotive, and others. Moreover, various innovative technologies are established based on hot runner system that includes the PET pre-formed process, stack mold, multi-material shot, and multi-color shot. Further, hot runner market growth in application of valve gate hot runner in varied industries such as automotive and electronic owing to its ability to produce large number of optimal quality parts is estimated to fuel the development of the global hot runner industry.

One of the key advantages associated with the use of hot runner systems is their speed. The cost savings along with part production in lesser amount of time boost the demand for hot runner systems globally. In addition, by using hot runner, costs are greatly reduced due to generation of less waste. Further, hot runner technology qualifies a diversity of augmented process efficiencies, in addition to the ability for extreme precision. An illustration of how precise these systems can be is the electric valve gate. Electric valve gate uses variable pin positioning in 0.001" increments, thereby offering a fundamental level of control to molders. Moreover, hot runner systems when installed properly, deliver faster speeds, lower labor costs, less scrap, a better part quality, increased efficiency, and mass production.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/5379

Based on application, the automotive industry segment is expected to account for the largest share in the global market during the forecast period. Based on type, valve gate hot runner segment is expected to account for the maximum share during the forecast period. By region, Asia-Pacific is projected to account for the majority of the share throughout the global hot runner market forecast period.

The key market players analyzed in the report include CACO Pacific Corporation, Barnes Group Inc., INglass Group, Fast Heat UK Limited, EWIKON Molding Technologies, Inc., Fisa Corporation, Husky Injection Molding Systems Ltd., INCOE Corporation, Yudo Group, Milacron, Seiki Corporation, and Günther Heisskanaltechnik. Incorporating a number of high-end strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others, these market players have become able to strengthen their stand in the industry.

Get detailed COVID-19 impact analysis on the Hot Runner Market @
https://www.alliedmarketresearch.com/request-for-customization/5379?reqfor=covid

Key offerings of the report:

1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region helps market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

This release was published on openPR.