- Size, Trend, Share, Opportunity Analysis & Forecast, 2016-2022
Progressive Markets published a report, Global Hot Runner Market - Size, Trend, Share, Opportunity Analysis & Forecast, 2016-2022, which says that the market was valued at around 324.471K in 2017 and is expected reach 530.9928 K in 2023, growing at a CAGR of around 8.6% from 2017 to 2023.
A hot runner system comprises an assembly of heated components including hot valves, nozzles, and gates that inject plastic into the cavities of an injection mold. The system usually includes a heated manifold and several heated nozzles. The manifold distributes the plastic entering the mold to the nozzles, which then meter it precisely to the injection points in the cavities.
Market Drivers and Restraints:
The report throws light on the drivers and restraints influencing the growth of the global hot runner market. Factors such as technological advancements, the growing need for automation, improved performance, simplified maintenance, and increased flexibility drive the growth of the hot runner industry. In addition, the need to bring down costs, growth and increased use of shifting commodity prices, and growing competition among the market players propel the industry growth.
The report studies the hot runner market based on its segmentation. The market is segmented based on type, application, and region. By type, the market is classified as valve gate hot runner and open gate hot runner. By application, the market is divided into automotive industry, electronic industry, medical industry, packaging industry, and others. By region, the market is divided into the regions such as North America, Europe, China, Japan, Southeast Asia, India, South America, and Middle East and Africa.
Key Market Players:
The global hot runner market report includes a mention of the players operating in the industry who adopt certain strategies such as partnerships, product launches, and mergers & acquisitions to survive and grow in the market. The key players in the hot runner market include YUDO, Milacron, Husky, INCOE, FISA, HASCO Hasenclever GmbH, Gunther, INglass, CACO PACIFIC Corporation, HASCO Hasenclever GmbH, INglass, FISA, Hotsys, Mold Hotrunner Solutions Inc., KLN, ANOLE, MOULD-TIP, MOZOI, JINGKONG Mechanical and Electric, and Suzhou HTS Moulding.
Key Benefits from the Report:
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