According to the latest report by IMARC Group “Hot Runner Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global hot runner market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
Hot runner refers to an industrial feed device used to transfer molten plastic into molding tool cavities for manufacturing various plastic products. It contains nozzles, manifold plates, hot valves, flow control systems, etc., and is usually available in valve gate and open gate variants. Contrary to traditional cold runner systems, hot runners prevent material solidification, reducing cycle time, plastic waste generation, trimming required to smoothen the final product, etc. As a result, several industries, including construction, automotive, electronics, medical, packaging, etc., utilize these devices.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The elevating levels of industrialization worldwide are primarily driving the hot runner market. Moreover, increasing demand for injection-molded plastic products across the healthcare and automotive industries is further bolstering the market growth. For instance, automotive manufacturers are extensively utilizing injection-molded components for exterior, interior, lighting, etc., to assemble lightweight vehicles with minimal carbon emissions. Furthermore, various technological advancements, such as the escalating incorporation of the Internet of Things (IoT) and smart sensors in connected devices, are also acting as growth-inducing factors. Apart from this, the rising implementation of favorable government policies across several nations encouraging the use of lightweight plastic molding systems, coupled with the advent of Industry 4.0 trends, are further anticipated to fuel the hot runner market in the coming years.
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
GUNTHER 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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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