DUBAI, UAE. 13th September
2019: Hot Runner Market is anticipated to
witness potential growth by the year 2028. A hot runner is an integrated molten
plastic conveying system which controls the injection fill rate, temperature,
and speed of resin inside the machine barrel. The advanced designing of the hot
runner system maintains the resin consistency and temperature, unlike the
traditional cold runners. Hot runners can be moulded into highly complex parts,
which are available in a wide array of sizes. Technological advancements and
simplified maintenance are set to drive the growth of hot runner market during
the forecast period. However, the high installation costs of hot runner systems
are hindering the market’s revenue generation. The market players are keen on
incorporating strategic merger and acquisition activities to boost their
collaboration with their fellow competitors. This factor is majorly propelling
the market’s futuristic growth.
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Automotive, electronic, medical and health-care and
packaging industry are some of the end-users of hot runner systems. By region,
the hot runner market has been segmented into North America, the Asia Pacific,
the Middle East, and Africa, and Latin America. The growth of the automotive
sector in technologically advanced countries of the U.S., Europe, and China
have crafted an upsurge for insulated runners, externally and internally heated
hot runners.
The altering market dynamics can be attributed to major
merger and acquisition activities, collaborations and joint ventures amongst
the industry competitors. The competitive landscape showcases the profiles and
business strategies of the major players, along with their recent developments.
Some of the dominant players operating in this market include Husky Injection
Molding Systems, Barnes Group Inc., INCOE Corporation, Milacron, Seiki
Corporation, Synventive Molding SolutionsCaco Pacific Corporation, Inglass SPA,
Fast Heat Limited, and Ewikon Molding Technologies Inc., among others.
Stakeholders and investors are increasing their spending on
research and development activities to scale the latest technologies in their
system engineering process. They have examined the diverse threats, and
emerging disruptive technologies to shape the supply and demand of the hot
runner system market in the forthcoming years. The emerging companies have
identified raw material suppliers, buyers, research investors and distributors
of the short-range air-defense missile system market. The competitors are
profiling their business expansion strategies by incorporating merger &
acquisition, collaborations, and joint ventures with the fellow contenders.
Synventive Molding Solutions have established themselves as
one of the prominent suppliers of hot runner systems serving a wide array of
industries. These controllers have been attributed as highly sustainable and
cost-effective products, which is fuelling the demand for hot runners in the
global market.
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Market split by Type,
can be divided into:
• Open Gate Hot Runner
• Valve Gate Hot Runner
Market split by
Application, can be divided into:
• Automotive Industry
• Electronic Industry
• Medical Industry
• Packaging Industry
Market split by Sales
Channel, can be divided into:
• Direct Sales
• Distribution Sales
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