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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Hot Runner Market Analysis
The global hot runner market is experiencing growth due to the rapid development in the industrial sector, and high product demand from the automotive and healthcare sectors for injection moulded plastic products. Further, the growing shift towards automated plastic processing and packaging to improve productivity and efficiency is driving the growth of the global hot runner industry. In addition, the key players are producing hot runners with an electric valve gate to ensure energy efficiency, which is further fuelling the industry growth. It is projected that the increased energy and cost savings through the use of hot runners would fuel the hot runner market growth. However, the availability of alternatives against hot runners is expected to hamper the growth of the industry over the forecast period.
Hot Runner Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global hot runner market attained a value of nearly USD 3503.62 million.
The market is projected to grow at a CAGR of 7% between 2023 and 2032.
The major drivers of the market include the growing demand for hot runners in automotives, packaging, healthcare, and other sectors, and the growing use of injection moulded plastics products.
The key trends in the market are the rapid developments in the industrial sector and growing preference for automated plastic processing and packaging for enhanced efficiency and productivity.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Valve gate hot runner and open gate hot runner are the leading types in the market.
Automotive industry, electronic industry, medical industry, and packaging industry, among others, are the leading applications in the market.
The major players in the market are Barnes Group Inc., Caco Pacific Corporation, EWIKON Heißkanalsysteme GmbH, Fast Heat, Inc., FISA Corporation, GÜNTHER Heisskanaltechnik GmbH, and Husky Injection Molding Systems Ltd., among others.
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