According to a new report, published by KBV research, The Global Hot Runner Systems Market size is expected to reach $4.7 billion by 2031, rising at a market growth of 6.3% CAGR during the forecast period.
Hot runner systems are advanced injection molding technology used to streamline the manufacturing of plastic parts with high precision and efficiency. Unlike conventional cold runner systems, which use solidified channels (runners) to transfer molten plastic from the injection molding machine to the mold cavity, hot runner systems keep the plastic material in a molten state throughout the process. This eliminates the need for runners, reducing material waste and improving production efficiency.
The Valve Gate Hot Runner led dominated the Global Hot Runner Systems Market by Process in 2023; thereby, achieving a market value of $2.7 Billion by 2031. Valve gate hot runners offer precise control over plastic flow into the mold cavities. This precision ensures consistent part quality and reduces defects, which is crucial for industries that require high levels of accuracy, such as automotive, medical devices, and electronics.
The Automotive & Transportation segment is growing at a CAGR of 5.3 % during the forecast period. The automotive industry demands high precision and consistent quality for its components. Hot runner systems enable precise control over the injection molding process, resulting in parts with superior surface finishes, dimensional accuracy, and reduced defects. This precision is crucial for components meeting stringent performance and safety standards.
Full Report: https://www.kbvresearch.com/hot-runner-systems-market/
The Asia Pacific region dominated the Global Hot Runner Systems Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1.8 Billion by 2031. The North America region is anticipated to grow at a CAGR of 5.6% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 6.1% during (2024 - 2031).
By Process
By Application
By Geography
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