Hot Runner Market 2023 | Share, Size, Growth, Opportunity and Forecast 2028

IMARC Group has recently released a new research study titled "Hot Runner Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global hot runner market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

A hot runner is a specialized device used in industrial settings to transfer molten plastic into mold tool cavities for producing plastic products. It comprises various components, including nozzles, manifold plates, flow control systems, and hot valves. The manifold system heats the plates, ensuring the plastic remains molten until it flows into the mold cavity. It is commonly available in two variants, including valve gate and open gate. It prevents plastic from solidifying, reducing cycle time, plastic waste generation, and the amount of trimming required to achieve a smooth final product compared to traditional cold runner systems. As a result, the hot runner finds extensive applications in the automotive, construction, electronics, medical, and packaging industries across the globe.

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Hot Runner Market Trends and Drivers:

The global hot runner market is primarily driven by increasing demand for injection-molded plastic products in the automotive and healthcare sectors. Moreover, the rising use of injection-molded exterior, interior, lighting, and under-hood components in the automotive industry to build lightweight vehicles with lower carbon emissions and improved energy efficiency is positively influencing the market growth. Additionally, numerous technological advancements, including the integration of connected devices with the internet of things (IoT) and smart sensors that allow real-time collection and analysis of data related to the plastic molding process while reducing the risk of manufacturing defects and errors, are propelling the market growth. Other factors, including the emergence of Industry 4.0, favorable government policies that encourage the use of lightweight plastic molding systems, and rapid industrialization, are also anticipated to drive the market further.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Gate Type:

Valve Gate Hot Runner
Open Gate Hot Runner

Breakup by Product Type:

Insulated Runner
Heated Runner

Breakup by End Use Industry:

Automotive
Electronic
Medical
Packaging
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Barnes Group Inc.
CACO PACIFIC Corporation
EWIKON Heißkanalsysteme GmbH
Fast Heat UK Limited
FISA Corporation
GÜNTHER Heisskanaltechnik GmbH
Husky Injection Molding Systems Ltd.
INCOE Corporation
Inglass S.p.A (OC Oerlikon Management AG)
Milacron Holdings Corp. (Hillenbrand Inc.)
Seiki Corporation
Yudo Co. Ltd.

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