Hot Runner Market Overview:
The hot runner market is expected to grow in the coming years with an increasing CAGR of approximately 8.5% from 2017 to 2023. A hot runner system is primarily a set of heated components used in plastic injection molds that inject molten plastic into the mold holes. It contains hot components, such as hot halves, doors and nozzles. The collector distributes the plastic material that enters the mold between the nozzles, which attracts it precisely at the injection points in the cavities. To meet the needs of customers around the world, many key manufacturers will offer a wider range of products, which will ultimately be more service-oriented, over time, with the use of all machine-related technologies of molding.
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Hot Runner Market Drivers and Restraints:
Factors such as technological advances, the growing need for automation, improved performance, simplified maintenance, greater flexibility, developments in modular designs and the widespread adoption of hot runner technology in the molding industry are driving the growth of the global market. In addition, the need to reduce costs, growth and greater use of fluctuating prices of commodities, as well as increased competition among market players, is driving growth in the sector. However, the competitiveness of the injection molding industry could hamper the growth of the market. In addition, technical progress and standardization of growth in the component business could offer several growth opportunities during the planned year.
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Geographical Analysis of Hot Runner Market:
North America is further divided into U.S., Canada, and Mex `ico, whereas, Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. The Asia-Pacific region is divided into India, China, Japan, South Korea and the rest of the region, while the distribution is shared between South America, the Middle East and Africa.
The major manufacturers covered in this report are: YUDO, Milacron, Barnes Group, Husky, INCOE, Seiki Corporation, Gunther, EWIKON, CACO PACIFIC Corporation, Fast Heat, HASCO Hasenclever GmbH, INglass, FISA, Hotsys, Mold Hotrunner Solutions, KLN, ANOLE, MOULD-TIP, MOZOI, JINGKONG Mechanical and Electric, Suzhou HTS Moulding, ANNTONG
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