Industry Background:
A hot runner system is used in injection molding and it consists of various components such as nozzles, manifolds and flow control. Hot runner is used in mass production of parts through injection molding. Growing applications of hot runner is attributed by the facts that it has shorter cycle time and it produces higher quality. The hot runner system is material dependent and hence, it is not applicable universally. Despite its limitations, manufacturers are focusing on making it thermally uniform so as it can be used in various molding applications.
According to AMA Research, the market for Hot Runner is expected to register a CAGR of 7.0% during the forecast period to 2030. This growth is primarily driven by Growing Injection Molding Applications Across Industry Verticals
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Machinery & Equipment sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as YUDO [South Korea], Milacron [United States], Barnes Group [United States], Husky [Canada], INCOE [United States], Seiki Corporation [Japan], Gunther [Germany], EWIKON [Germany], CACO PACIFIC Corporation [United States], Fast Heat [United State], HASCO Hasenclever GmbH [Germany], INglass [Italy], FISA [United States], Hotsys [South Korea], Mold Hotrunner Solutions Inc. [Canada] and HRSflow GmbH [Italy], etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2021, Oerlikon acquired the Italian company INglass S.p.A. and its innovative hot runner systems technology operating under its market-leading HRSflow business. The acquisition accelerates Oerlikon’s strategy in diversifying its manmade fibers business to expand into the high-growth polymer processing solutions market.
In August 2021, Oerlikon HRSflow will be presenting the new, particularly small hot runner systems of the S series with their low space requirement in the mould. The main field of application is the production of small-format technical components.The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Influencing Trend:
Focus Towards Manufacturing Thermally Uniform Hot Runner and Growing Demand for Thinner Wall and Higher Output Hot Runner Owing to Its Increasing Use in Food Packaging Industry
Market Growth Drivers:
Growing Injection Molding Applications Across Industry Verticals and Benefits Associated with the Use of Runner as It Reduces Cycle Time
Challenges:
Unsuitability for Some Thermally Sensitive Materials and Need for High-tech Machines and Skilled Workers to Make Hot Runner Molds
Restraints:
High Cost Involved in Maintenance and in Production of Molds and Complexity Involved in Repairment of Hot Runner Molds
Opportunities:
Growing Automation Across Industries and Increasing Production of Parts at Large Scale Amid Growing Industrialization in Low and Middle Income Countries
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hot Runner Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hot Runner Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hot Runner players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hot Runner Study Sheds Light on
The Hot Runner Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hot Runner industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hot Runner industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.