Hot Runner Market Size, Global Analytical Overview, Key Players, Regional Demand, Trends and Forecast to 2030

The Global Hot Runner Market size is estimated to be USD 3.06 billion in 2019 and is 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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Competitive Landscape

The hot runner market, which is highly competitive, consists of various market players. Some of the major market players include 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 INCOE Corporation among others.

Over the period of time there have been various developments taken place in the market and also expected to takes place in near future. For instance, in October 2019, INCOE presents the new SealFit Hot Halves at K 2019. A SealFit™ Hot Half includes a ready-to-go pre-assembled hot runner system with SealFit nozzles which has been installed and fully adjusted inside the related mold plates and which has been pre-tested for functionality before leaving manufacturing.

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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