Global Hot Runner Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 8.3% during forecast period.
The major factors, for instance, technological advancements, the growing need for automation, improved performance, simplified maintenance, and increased flexibility drives the growth of the hot runner industry. Moreover, the need to bring down costs, growth and increased use of shifting commodity prices, and growing competition among the market players impel the industry growth.
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Additionally, various innovative technologies are established based on a hot runner system that comprises the PET pre-formed process, multi-material shot, stack mold, and multi-color shot. Further, hot runner market growth in the application of valve gate hot runner in varied industries such as automotive and electronics owing to its ability to produce a large number of optimal quality parts is projected to fuel the development of the global hot runner industry. However, high-end technological advancements are expected to create lucrative opportunities for major players in the industry.
Major trends in the market for the hot runner are focus towards manufacturing thermally uniform hot runner and rising demand for a thinner wall and higher output hot runner owing to its growing use in the food packaging industry.
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The valve gate hot runner segment is anticipated to dominate the global hot runner market during the forecast period. Valve gate hot runner device control the flow of plastic into the mold cavity with mechanical shut-off pins that allow the hot runner nozzle to open and close at the tip. The capability to accurately control the flow of material through the gates produces better plastic parts and faster cycle times.
Automotive Industry segment is expected to account for high growth in terms of revenue during the forecast period. Such as one of the most demanding and challenging sectors in plastics, automotive industry demands just-in-time (JIT) production conditions, technological advances, & exclusive customer service.
The Asia-Pacific accounted for a significant share in the global hot runner market in 2018 and is expected to grow at a significant CAGR, owing to several small and mid-level players effective in economies like China and India. China accounted for the majority of the share of the APAC hot runner market in 2018.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Hot Runner Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Hot Runner Market.
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Scope of the Global Hot Runner Market
Global Hot Runner Market, By Type
• Valve gate hot runner
• Open gate hot runner
Global Hot Runner Market, By Application
• Automotive Industry
• Electronic Industry
• Medical Industry
• Packaging Industry
Global Hot Runner Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global Hot Runner Market
• Barnes Group
• Seiki Corporation
• CACO PACIFIC Corporation
• Fast Heat
• HASCO Hasenclever GmbH
• Mold Hotrunner Solutions Inc.
• JINGKONG Mechanical and Electric
• Suzhou HTS Moulding
MAJOR TOC OF THE REPORT
Chapter One: Hot Runner Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Hot Runner Market Competition, by Players
Chapter Four: Global Hot Runner Market Size by Regions
Chapter Five: North America Hot Runner Revenue by Countries
Chapter Six: Europe Hot Runner Revenue by Countries
Chapter Seven: Asia-Pacific Hot Runner Revenue by Countries
Chapter Eight: South America Hot Runner Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Hot Runner by Countries
Chapter Ten: Global Hot Runner Market Segment by Type
Chapter Eleven: Global Hot Runner Market Segment by Application
Chapter Twelve: Global Hot Runner Market Size Forecast (2019-2026)
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
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