Market Overview:

The global hot runner market size reached US$ 3.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.2 Billion by 2027, exhibiting a CAGR of 7.47% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Hot runner is an industrial feed device used for transferring molten plastic into the mold tool cavities for the manufacturing of various plastic products. It consists of nozzles, manifold plates, flow control systems and hot valves. The plates are heated using the manifold system to keep the material in a molten state until it flows into the mold cavity. Hot runners are commonly available in valve gate and open gate variants. In comparison to the traditionally used cold runner systems, hot runners prevent the material from solidifying, thereby reducing the cycle time, generation of plastic waste and significantly minimizing the trimming required to smoothen the final product. As a result, they find extensive applications across various industries, including automotive, construction, electronics, medical and packaging.

Hot Runner Market Trends:

Rapid industrialization across the globe is one of the key factors driving the growth of the market. Moreover, the increasing requirement for injection-molded plastic products in the automotive and healthcare industries is providing a thrust to the market growth. For instance, automotive manufactures are widely using injection-molded exterior, interior, lighting and under hood components for the assembly of lightweight vehicles with minimal carbon emissions and enhanced energy efficiency. Additionally, various technological advancements, such as the integration of connected devices with the Internet of Things (IoT) and smart sensors, are acting as other growth-inducing factors. These innovative technologies aid in real-time collection and analysis of data regarding the plastic molding process, which also aids in reducing the chances of manufacturing defects and errors. Other factors, including the advent of Industry 4.0, along with the implementation of favorable government policies promoting the use of lightweight plastic molding systems, are anticipated to drive the market toward growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global hot runner market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on gate type, product type and end use industry.

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
   

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:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Yudo Co. Ltd.

Report Coverage: