Press release
Hot Runner Market predicted to reach USD 6.92 billion by 2030 with a CAGR of 7.7% from 2020-2030
Hot Runner is a system consists of various heated components which together form the hot runner. The complete system involves hot valves, nozzles, gates which injects the plastic into the injection molds. The manifold evenly distributes the plastics into the molds and precisely points the injection points and cavities.
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Top Companies: Barnes Group Inc., Fisa Corporation, INglass Group, Günther Heisskanaltechnik, CACO Pacific Corporation, Seiki Corporation, Husky Injection Molding Systems Ltd., EWIKON Molding Technologies, Inc., Milacron Inc., Yudo Group, Fast Heat UK Limited and others.
Market Dynamics and Trends
The improving and modernizing infrastructure with wide application and automotive packaging are expected to enhance the market growth. Furthermore, increase in technological advancement and increasing demand from different industries such as healthcare and other are also expected to propel the growth of hot runner market.
The other factors include increased demand of product with high shelf life coupled with emergence of light weight plastic and supporting government policies are further expected to fuel the market growth. However, threat from substitutes increasing competition in injection molding industry are expected adversely affect the market growth. Moreover, innovation and further development in the technology and new product launches are expected to create lucrative opportunities in the hot runners market.
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Market Segmentations and Scope of the Study:
The global hot runner market share is analyzed on the basis of type, application and geography. On the basis of type, the market is segmented into Valve gate hot runner and Open gate hot runner. On the basis of application, the market is divided into Automotive Industry, Electronic Industry, Medical Industry, Packaging Industry, and Others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America is expected to account for the major market share over the forecast period owing to the increased adoption of hot runners. Furthermore, increase in technological advancement coupled with the presence of developed infrastructure and wide applications are expected to fuel the growth of hot runners market.
Asia pacific is expected to show rapid growth with increase in market share owing to the presence of developing economies. Furthermore, increase in automation and increase in investment with increased demand of injection molded plastic products and others are expected to support the growth of hot runners market over the forecast period.
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About Next Move Strategy Consulting:
Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics.
We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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