Hot Runner Market by Type (Insulated Runner, Heated Runner, Externally Heated, and Internally Heated), by Gate (Valve Gate Hot Runner and Open Gate Hot Runner), by Application (Automotive, Electronic, Medical, Packaging, and Others) - Global Opportunity Analysis and Industry Forecast 2022 – 2030

Market Definition:

Global Hot Runner Market size was valued at USD 3.38 billion in 2021 and is predicted to reach USD 6.11 billion by 2030 with a CAGR of 6.8% from 2022-2030. 

Hot runner is an industrial device used for transferring molten plastic into mold tool cavities for manufacturing various plastic products. It consists of flow control systems, nozzles, manifold plates, and hot valves. Size of the hot runner channel depends on injection speed, type of resin, fill rate, and molded part. The molds may vary from having 1 to 150 nozzles depending on the plastic part in molding automation. 

There are various advantages of hot runner such as lower processing costs, improved molding system efficiency, design flexibility, and balanced melt flow. Owing to these advantages and its capability of producing highly complex parts in various sizes, it finds applications in various industries.

Market Dynamics and Trends:

The demand for hot runner is rising due to the increasing demand for injection-molded plastic products in the automotive industry as they are used in the assembly of lightweight vehicles with minimal carbon emissions. Also, increased demand from food and beverage industry is further expected to propel the growth of the market during the forecast period.

However, unskilled labor force and increasing competition in the injection molding industry are major factors restraining the growth of market during the forecast period.

On the other hand, emergence of several packaging and manufacturing companies, globally is expected to create lucrative growth opportunities for the hot runner market players in future.

The hot runner market has been segmented based on type, gate, application, and geography. Based on type, the market is bifurcated into insulated runner, heated runner, externally heated, and internally heated. Based on gate, the market is bifurcated into valve gate hot runner and open gate hot runner.  Based on application, the market is classified into automotive industry, electronic industry, medical industry, packaging industry, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Asia-Pacific region holds the lion share of hot runner market and is expected to continue dominating the market during the forecast period. The growing shift towards automated plastic processing and packaging to improve productivity and efficiency as well as surge in population in this region, which in turn raises the demand for plastic products drives the hot runner market in Asia-Pacific.

North America, on the other hand is expected to show a steady rise in the hot runner market as hot runners prevent the material from solidifying, thereby reduce the cycle time, generation of plastic waste and significantly minimize the time required to smoothen the final product.

The market comprises of various players such as Barnes Group Inc., CACO PACIFIC Corporation, Milacron, Husky Injection Moulding Systems Ltd, EWIKON Molding Technologies, Inc., Fast Heat UK Limited, Fisa Corporation, Yudo Hot Runner India Pvt. Ltd., HASCO, INCOE Corporation, and Seiki Corporation. These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product and increase their growth as well as geographical reach. 

For instance, in January 2021, Husky Injection Molding Systems Ltd. launched ‘UltraShot Injection System’. UltraShot Injection System uses lesser high-pressure injection cycles, conserving the original resin properties and boosting product’s quality.

KEY BENEFITS:

• The hot runner market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the hot runner market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the hot runner market is provided in the report.

• The competitive analysis of the market players along with their market share in the hot runner market

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Type

• Insulated Runner

• Heated Runner

• Externally Heated

• Internally Heated

By Gate

• Valve Gate Hot Runner

• Open Gate Hot Runner

By Application

• Automotive Industry

• Electronic Industry

• Medical Industry

• Packaging Industry

• Others

By Geography

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • Australia

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle east

  • Africa

REPORT SCOPE AND SEGMENTATION: