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Report
Hot Runner Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 148 Pages I IMARC Group
The global hot runner market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2028, exhibiting a growth rate (CAGR) of 7.32% during 2022-2028.
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 at the global, regional and country level from 2023-2028. 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 Heikanalsysteme GmbH, Fast Heat UK Limited, FISA Corporation, GUNTHER 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.
Key Questions Answered in This Report
1. What was the size of the global hot runner market in 2022?
2. What is the expected growth rate of the global hot runner market during 2023-2028?
3. What are the key factors driving the global hot runner market?
4. What has been the impact of COVID-19 on the global hot runner market?
5. What is the breakup of the global hot runner market based on the gate type?
6. What is the breakup of the global hot runner market based on the product type?
7. What is the breakup of the global hot runner market based on the end use industry?
8. What are the key regions in the global hot runner market?
9. Who are the key players/companies in the global hot runner market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Hot Runner Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Gate Type
6.1 Valve Gate Hot Runner
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Open Gate Hot Runner
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Product Type
7.1 Insulated Runner
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Heated Runner
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Electronic
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Medical
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Packaging
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Barnes Group Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 CACO PACIFIC Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 EWIKON Heikanalsysteme GmbH
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Fast Heat UK Limited
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 FISA Corporation
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 GUNTHER Heisskanaltechnik GmbH
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Husky Injection Molding Systems Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 INCOE Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Inglass S.p.A (OC Oerlikon Management AG)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Milacron Holdings Corp. (Hillenbrand Inc.)
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Seiki Corporation
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Yudo Co. Ltd.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
Figure 1: Global: Hot Runner Market: Major Drivers and Challenges
Figure 2: Global: Hot Runner Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Hot Runner Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Hot Runner Market: Breakup by Gate Type (in %), 2022
Figure 5: Global: Hot Runner Market: Breakup by Product Type (in %), 2022
Figure 6: Global: Hot Runner Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Hot Runner Market: Breakup by Region (in %), 2022
Figure 8: Global: Hot Runner (Valve Gate Hot Runner) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Hot Runner (Valve Gate Hot Runner) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Hot Runner (Open Gate Hot Runner) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Hot Runner (Open Gate Hot Runner) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Hot Runner (Insulated Runner) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Hot Runner (Insulated Runner) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Hot Runner (Heated Runner) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Hot Runner (Heated Runner) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Hot Runner (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Hot Runner (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Hot Runner (Electronic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Hot Runner (Electronic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Hot Runner (Medical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Hot Runner (Medical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Hot Runner (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Hot Runner (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Hot Runner (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Hot Runner (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: North America: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: North America: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: United States: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: United States: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Canada: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Canada: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Asia-Pacific: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Asia-Pacific: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: China: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: China: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Japan: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Japan: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: India: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: India: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: South Korea: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: South Korea: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Australia: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Australia: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Indonesia: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Indonesia: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Others: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Others: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Europe: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Europe: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Germany: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Germany: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: France: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: France: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: United Kingdom: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: United Kingdom: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Italy: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Italy: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Spain: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Spain: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Russia: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Russia: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Others: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Others: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Latin America: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Latin America: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Brazil: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Brazil: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Mexico: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Mexico: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Middle East and Africa: Hot Runner Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Middle East and Africa: Hot Runner Market: Breakup by Country (in %), 2022
Figure 74: Middle East and Africa: Hot Runner Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Global: Hot Runner Industry: SWOT Analysis
Figure 76: Global: Hot Runner Industry: Value Chain Analysis
Figure 77: Global: Hot Runner Industry: Porter's Five Forces Analysis
Table 1: Global: Hot Runner Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Hot Runner Market Forecast: Breakup by Gate Type (in Million US$), 2023-2028
Table 3: Global: Hot Runner Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 4: Global: Hot Runner Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Hot Runner Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Hot Runner Market: Competitive Structure
Table 7: Global: Hot Runner Market: Key Players
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