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Hot Runner Market by Type, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

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    Report

  • 250 Pages
  • July 2019
  • Region: Global
  • Allied Market Research
  • ID: 4844567
The global hot runner market size was $2,854.0 million in 2018, and is expected to reach $5,241.5 million by 2026, growing at a CAGR of 7.9% from 2019 to 2026. A hot runner system includes a compilation of heated components that include nozzles, hot valves, and gates that convey plastic polymer into the cavities of an injection mold. The system typically contains numerous heated nozzles and a heated manifold.



The global hot runner market experiences growth due to the rapid rise in investment in the industrial sector and high demand for optimal quality injection-molded plastics products in the automotive and healthcare sectors. In addition, the hot runner industry experiences development owing to the rise in movement toward energy saving to accelerate productivity and efficiency. In addition, key players are manufacturing hot runners to ensure time efficiency, thereby stimulating the growth of the global hot runner market. For instance, UNIFY manifold system by Husky Injection Molding Systems Ltd. offers a one-step installation of manifold into a mold. This system can save up to 70% installation time. However, high threat of substitutes is a major challenge faced by the hot runner industry. On the contrary, technological advancements and improvements are anticipated to offer lucrative opportunities for the players in the global hot runner industry.

Improved industrialization is a crucial factor in reforming the hot runner industry. A shift in the global hot runner market trends is observed due to rapid economic growth in economies such as India and China. With many economies in Asia-Pacific still being rural, economic development in those countries is set to enhance the ongoing urbanization. In addition, surge in population in these countries is expected to boost the demand for plastic products, which in turn is projected to drive the demand for injection molding machines and thereby the hot runner systems. These systems are widely being used in industries such as automotive, medical, packaging, food & beverage, and others.

The global hot runner market is segmented based on type, application, and region. Based on type, the market is segmented into valve gate hot runner and open gate valve runner. The valve gate hot runner segment is anticipated to dominate the global hot runner market throughout the study period. Based on application, the market is categorized into various industries, namely automotive, electronics, medical, packaging, and others. The automotive segment is projected to dominate the global hot runner market throughout the study period.

The global hot runner market is analyzed across four regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period.

The key players profiled in this report include Barnes Group Inc., CACO Pacific Corporation, EWIKON Molding Technologies, Inc., Fast Heat UK Limited, Fisa Corporation, Günther Heisskanaltechnik, Husky Injection Molding Systems Ltd., INCOE Corporation, INglass Group, Milacron, Seiki Corporation, and Yudo Group.

KEY BENEFITS FOR STAKEHOLDERS
  • The study provides an in-depth analysis of the global hot runner market, and current & future trends to elucidate the imminent investment pockets.
  • Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the global hot runner market from 2018 to 2026 is provided to determine the market potential.

KEY MARKET SEGMENT

By Type
  • Valve gate hot runner
  • Open gate hot runner

By Application
  • Automotive Industry
  • Electronic Industry
  • Medical Industry
  • Packaging Industry
  • Others

By Region
  • North America
o U.S.
o Canada
o Mexico
  • Europe
o Germany
o France
o Spain
o Italy
o Rest of Europe
  • Asia-Pacific
o China
o India
o Japan
o Indonesia
o Rest of Asia-Pacific
  • LAMEA
o Latin America
o Middle East
o Africa

KEY MARKET PLAYERS PROFILED IN THE REPORT
  • Barnes Group Inc.
  • CACO Pacific Corporation
  • EWIKON Molding Technologies, Inc.
  • Fast Heat UK Limited
  • Fisa Corporation
  • Günther Heisskanaltechnik
  • Husky Injection Molding Systems Ltd.
  • INCOE Corporation
  • INglass Group
  • Milacron Inc.
  • Seiki Corporation
  • Yudo Group

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the hot runner market:
2.2. KEY FINDINGS
2.2.1. Top impacting factors
2.2.2. Top investment pockets
2.3. CXO PERSPECTIVE
CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FORCES SHAPING HOT RUNNER INDUSTRY
3.2.1. Low-to-high bargaining power of suppliers
3.2.2. Moderate-to-high threat of new entrants
3.2.3. Moderate threat of substitutes
3.2.4. Moderate intensity of rivalry
3.2.5. Low-to-moderate bargaining power of buyers
3.3. PRICING ANALYSIS
3.3.1. Pricing Analysis of Hot Runner System, By Region, 2018 & 2026
3.4. VALUE CHAIN ANALYSIS
3.5. INDUSTRY PAIN POINT ANALYSIS
3.6. MARKET DYNAMICS
3.6.1. Drivers
3.6.1.1. Cost savings and higher volume production advantage
3.6.1.2. Higher demand for complex injection molded products
3.6.2. Restraint
3.6.2.1. Threat of substitutes
3.6.3. Opportunities
3.6.3.1. Technological advancements
CHAPTER 4: HOT RUNNER MARKET, BY TYPE
4.1. MARKET OVERVIEW
4.1.1. Market size and forecast, by type
4.1.2. Market volume and forecast, by type
4.2. VALVE GATE HOT RUNNER
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market volume and forecast, by region
4.2.4. Market analysis by country
4.3. OPEN GATE HOT RUNNER
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market volume and forecast, by region
4.3.4. Market analysis by country
CHAPTER 5: HOT RUNNER MARKET, BY APPLICATION
5.1. MARKET OVERVIEW
5.1.1. Market size and forecast, by application
5.2. AUTOMOTIVE INDUSTRY
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. ELECTRONIC INDUSTRY
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market volume and forecast, by region
5.3.4. Market analysis by country
5.4. MEDICAL INDUSTRY
5.4.1. Key market trends, growth, and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market volume and forecast, by region
5.4.4. Market analysis by country
5.5. PACKAGING INDUSTRY
5.5.1. Key market trends, growth, and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country
5.6. OTHERS
5.6.1. Key market trends, growth, and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country
CHAPTER 6: HOT RUNNER MARKET, BY REGION
6.1. MARKET OVERVIEW
6.1.1. Market size and forecast, by region
6.2. NORTH AMERICA
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by application
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. U.S. market size and forecast, by Type
6.2.4.1.2. U.S. market size and forecast, by application
6.2.4.2. Canada
6.2.4.2.1. Canada market size and forecast, by Type
6.2.4.2.2. Canada market size and forecast, by application
6.2.4.3. Mexico
6.2.4.3.1. Mexico market size and forecast, by Type
6.2.4.3.2. Mexico market size and forecast, by application
6.3. EUROPE
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Europe market size and forecast, by Type
6.3.3. Europe market size and forecast, by application
6.3.4. Europe market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Germany market size and forecast, by Type
6.3.4.1.2. Germany market size and forecast, by application
6.3.4.2. Russia
6.3.4.2.1. Russia market size and forecast, by Type
6.3.4.2.2. Russia market size and forecast, by application
6.3.4.3. France
6.3.4.3.1. France market size and forecast, by Type
6.3.4.3.2. France market size and forecast, by application
6.3.4.4. UK
6.3.4.4.1. UK market size and forecast, by Type
6.3.4.4.2. UK market size and forecast, by application
6.3.4.5. Rest of Europe
6.3.4.5.1. Rest of Europe market size and forecast, by Type
6.3.4.5.2. Rest of Europe market size and forecast, by application
6.4. ASIA-PACIFIC
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Asia-Pacific market size and forecast, by Type
6.4.3. Asia-Pacific market size and forecast, by application
6.4.4. Asia-Pacific market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. China market size and forecast, by Type
6.4.4.1.2. China market size and forecast, by application
6.4.4.2. Japan
6.4.4.2.1. Japan market size and forecast, by Type
6.4.4.2.2. Japan market size and forecast, by application
6.4.4.3. India
6.4.4.3.1. India market size and forecast, by Type
6.4.4.3.2. India market size and forecast, by application
6.4.4.4. Australia
6.4.4.4.1. Australia market size and forecast, by Type
6.4.4.4.2. Australia market size and forecast, by application
6.4.4.5. Rest of Asia-Pacific
6.4.4.5.1. Rest of Asia-Pacific market size and forecast, by Type
6.4.4.5.2. Rest of Asia-Pacific market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. LAMEA market size and forecast, by Type
6.5.3. LAMEA market size and forecast, by application
6.5.4. LAMEA market size and forecast, by country
6.5.4.1. Latin America
6.5.4.1.1. Latin America market size and forecast, by Type
6.5.4.1.2. Latin America market size and forecast, by application
6.5.4.2. Middle-East
6.5.4.2.1. Middle-East market size and forecast, by Type
6.5.4.2.2. Middle-East market size and forecast, by application
6.5.4.3. Africa
6.5.4.3.1. Africa market size and forecast, by Type
6.5.4.3.2. Africa market size and forecast, by application
CHAPTER 7: COMPANY PROFILES
7.1. BARNES GROUP INC.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. CACO PACIFIC CORPORATION
7.2.1. Company overview
7.2.2. Key Executives
7.2.3. Company snapshot
7.2.4. Operating business segments
7.2.5. Product portfolio
7.2.6. R&D Expenditure
7.2.7. Business performance
7.2.8. Key strategic moves and developments
7.3. EWIKON MOLDING TECHNOLOGIES, INC.
7.3.1. Company overview
7.3.2. Key Executives
7.3.3. Company snapshot
7.3.4. Operating business segments
7.3.5. Product portfolio
7.3.6. R&D Expenditure
7.3.7. Business performance
7.3.8. Key strategic moves and developments
7.4. FAST HEAT UK LIMITED
7.4.1. Company overview
7.4.2. Key Executives
7.4.3. Company snapshot
7.4.4. Operating business segments
7.4.5. Product portfolio
7.4.1. R&D Expenditure
7.4.2. Business performance
7.5. FISA CORPORATION
7.5.1. Company overview
7.5.2. Key Executives
7.5.3. Company snapshot
7.5.4. Product portfolio
7.5.5. R&D Expenditure
7.5.6. Business performance
7.5.7. Key strategic moves and developments
7.6. GÜNTHER HEISSKANALTECHNIK
7.6.1. Company overview
7.6.2. Key Executives
7.6.3. Company snapshot
7.6.4. Operating business segments
7.6.5. Product portfolio
7.6.6. R&D Expenditure
7.6.7. Business performance
7.6.8. Key strategic moves and developments
7.7. HUSKY INJECTION MOLDING SYSTEMS LTD.
7.7.1. Company overview
7.7.2. Key Executives
7.7.3. Company snapshot
7.7.4. Operating business segments
7.7.5. Product portfolio
7.7.6. R&D Expenditure
7.7.7. Business performance
7.7.8. Key strategic moves and developments
7.8. INCOE CORPORATION
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Product portfolio
7.8.4. Business performance
7.8.5. Key strategic moves and developments
7.9. MILACRON
7.9.1. Company overview
7.9.2. Key Executives
7.9.3. Company snapshot
7.9.4. Operating business segments
7.9.5. Product portfolio
7.9.6. R&D Expenditure
7.9.7. Business performance
7.9.8. Key strategic moves and developments
7.10 SEIKI CORPORATION
7.10.1. Company overview
7.10.2. Key Executives
7.10.3. Company snapshot
7.10.4. Operating business segments
7.10.5. Product portfolio
7.10.6. R&D Expenditure
7.10.7. Business performance
7.10.8. KEY STRATEGIC MOVES AND DEVELOPMENTS

Executive Summary

According to the report titled,'Hot Runner Market: Global Opportunity Analysis and Industry Forecast, 2019 - 2026,' the global hot runner market size was $2,854.0 million in 2018, and is expected to reach $5,241.5 million by 2026, growing at a CAGR of 7.9% from 2019 to 2026. The automotive industry segment accounted for around one-thirds of the global hot runner market share in 2018 and is expected to witness significant growth during the forecast period.

Hot runner systems are used for reducing wastage of plastic material that arise in the injection molding process. The utilization of a hot runner system increases molding efficiency by offering reduced cycle time, and decrease in labor, material, and energy costs. It also adds significantly to consistency and quality of part, and permits additional flexibility for molding automation. In addition, the global hot runner market is mainly propelled by the rise in demand for optimal quality injection-molded parts from numerous end-use industries such as the consumer goods, packaging, automotive, and others. Moreover, various innovative technologies are established based on hot runner system that includes the PET pre-formed process, stack mold, multi-material shot, and multi-color shot. Further, hot runner market growth in application of valve gate hot runner in varied industries such as automotive and electronic owing to its ability to produce large number of optimal quality parts is estimated to fuel the development of the global hot runner industry.

One of the key advantages associated with the use of hot runner systems is their speed. The cost savings along with part production in lesser amount of time boost the demand for hot runner systems globally. In addition, by using hot runner, costs are greatly reduced due to generation of less waste. Further, hot runner technology qualifies a diversity of augmented process efficiencies, in addition to the ability for extreme precision. An illustration of how precise these systems can be is the electric valve gate. Electric valve gate uses variable pin positioning in 0.001” increments, thereby offering a fundamental level of control to molders. Moreover, hot runner systems when installed properly, deliver faster speeds, lower labor costs, less scrap, a better part quality, increased efficiency, and mass production.

Based on application, the automotive industry segment is expected to account for the largest share in the global market during the forecast period. Based on type, valve gate hot runner segment is expected to account for the maximum share during the forecast period. By region, Asia-Pacific is projected to account for the majority of the share throughout the global hot runner market forecast period.

Key Findings of the Hot Runner Key Market:

By type, valve gate hot runner was the largest revenue-generating type segment in 2018.
Based on application, the automotive industry generated the highest revenue in 2018, accounting for almost one-thirds of the market, and is projected to grow at a substantial CAGR from 2019 to 2026.
Asia-Pacific held the largest share of global hot runner market throughout the forecast period.
China accounted for the majority of the share of the Asia-Pacific hot runner market in 2018.

Major players in the global hot runner market adopted partnership, product launch, and expansion as their key strategies to meet the change in consumer demands. Moreover, they have introduced energy-effective hot runner of different types to strengthen their market position. The key players profiled in this report include Barnes Group Inc., CACO Pacific Corporation, EWIKON Molding Technologies, Inc., Fast Heat UK Limited, Fisa Corporation, Günther Heisskanaltechnik, Husky Injection Molding Systems Ltd., INCOE Corporation, INglass Group, Milacron, Seiki Corporation, and Yudo Group.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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