The Europe Hot Runner Systems Market would witness market growth of 6.1% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Hot Runner Systems Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $287.7 Million by 2031. The UK market is exhibiting a CAGR of 5.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 6.9% during (2024 - 2031).
Hot runner systems mold parts for plastic toys, game pieces, and educational materials, ensuring safety, durability, and vibrant aesthetics. Items like kitchenware, storage containers, and decorative items benefit from the versatility of these systems, enabling manufacturers to produce customized and functional products efficiently.
The hot runner systems market has seen significant adoption trends driven by technological advancements, industry shifts, and evolving customer demands. For instance, There is a growing preference for these systems capable of processing high-performance engineering plastics such as ABS, PC (polycarbonate), PEEK (polyetheretherketone), and nylon. These materials offer superior mechanical properties and heat and chemical resistance, catering to diverse industry needs, including automotive, electronics, and medical sectors.
The French medical device industry emphasizes precision and quality in manufacturing to meet stringent regulatory standards and ensure patient safety. According to the International Trade Administration (ITA), the medical device sector in France generated €36.7 billion in profit in 2022. It is estimated that medical device exports from France generate a market turnover of €9.4 billion, or 26% of the total market. Over the coming years, the industry is expected to expand by roughly 2% annually. In addition, ZEVs often require lightweight, high-performance plastic components to enhance energy efficiency and range. According to the UK government, the zero-emission vehicle (ZEV) industry is growing as battery prices drop and production is growing incredibly. Since 2015, the ZEVs have been scaled up. More than 1 in 10 cars sold in 2020 and nearly 1 in 7 in 2021 came with a plug. There are now over 500,000 zero and ultra-low-emission vehicles on UK roads. Therefore, the increasing medical devices industry and rising zero-emission vehicle (ZEV) industry in the region are driving the growth of the market.
Free Valuable Insights: The Global Hot Runner Systems Market will Hit USD 4.7 Billion by 2031, at a CAGR of 6.3%
Based on Process, the market is segmented into Valve Gate Hot Runner, and Open Gate Hot Runner. Based on Application, the market is segmented into Automotive & Transportation, Consumer Goods, Packaging, Electronic, Medical, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Process
By Application
By Country
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