Hot Runner Market Comprehensive Insights by Advanced Technologies & Competitive Analysis 2019 - 2026

Allied Market Research published a new report, titled, "Hot Runner Market". The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

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.

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The automotive industry accounted for more than one-third of the total market share and is expected to lead the trail during the estimated period. As one of the most demanding and challenging sectors in plastics, automotive industry demands just-in-time (JIT) production conditions, technological advances, and exclusive customer service. This, in turn, provides opportunities for hot runner system manufacturers to develop injection-molded plastics on a frequent basis. The same segment is also expected to register the fastest CAGR of 8.5% till 2026.

As per current hot runner technology market trends, the valve gate hot runner segment is expected to lead the market owing to its cost-effectiveness. As per industry, automotive is expected to emerge dominant owing to the rising preference towards lightweight vehicles among consumers worldwide. High demand for increasingly complex systems and components, high adoption of hot runner technology across the molding industry, developments in modular designs, and advancement in analysis tools are the factors driving the growth of the global hot runner market.

Based on geography, the market across the Asia-Pacific region held the major share in 2018, accounting for two-fifths of the total market. The presence of many small to mid-level manufacturing sectors such as consumer goods, packaging, automotive, and others requiring high quality and complex injection-molded plastic products in economies such as China, and India drive the growth of the segment. The region is also projected to showcase the fastest CAGR of 8.6% during the forecast period.

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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.

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Key offerings of the report:

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

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