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Hot Runner Market Outlook - 2026 | Global Industry Insights by Type, Application

02-09-2021 12:27 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Hot Runner Market

Hot Runner Market

According to a new report published by Allied Market Research, titled, "Hot Runner Market: Global Opportunity Analysis and Industry Forecast, 2019 - 2026," the global hot runner market size was $2,854.0 million in 2018, and is expected to reach $5,241.5 million by 2026, growing at a CAGR of 7.9% from 2019 to 2026. The automotive industry segment accounted for around one-third of the global hot runner market share in 2018 and is expected to witness significant growth during the forecast period.

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Hot runner systems are used for reducing wastage of plastic material that arises in the injection molding process. The utilization of a hot runner system increases molding efficiency by offering reduced cycle time, and a decrease in labor, material, and energy costs. It also adds significantly to the consistency and quality of parts 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 consumer goods, packaging, automotive, and others.

Moreover, various innovative technologies are established based on a hot runner system that includes the PET pre-formed process, stack mold, multi-material shot, and multi-color shot. Further, the hot runner market growth in the application of valve gate hot runners in varied industries such as automotive and electronics owing to its ability to produce a large number of optimal quality parts is estimated to fuel the development of the global hot runner industry.

Key Segments

The global hot runner market is segmented based on type, application, and region. Based on type, the market is segmented into valve gate hot runner and open gate valve runner. The valve gate hot runner segment is anticipated to dominate the global hot runner market throughout the study period. Based on application, the market is categorized into various industries, namely automotive, electronics, medical, packaging, and others. The automotive segment is anticipated to dominate the global hot runner market share throughout the study period.

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Geographic Review

The global hot runner market is analyzed across four regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period.

Key Players

The key players profiled in hot runner market report include Barnes Group Inc., CACO Pacific Corporation, EWIKON Molding Technologies, Inc., Fast Heat UK Limited, Fisa Corporation, Gรผnther Heisskanaltechnik, Husky Injection Molding Systems Ltd., INCOE Corporation, INglass Group, Milacron, Seiki Corporation, and Yudo Group.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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