Pune, Aug. 22, 2018 (GLOBE NEWSWIRE) -- The global hot runner market was valued at around 324.471 K units in 2017 and is likely to reach 530.9928 K units in 2023, growing at a CAGR of 8.6% from 2017 to 2023, according to Progressive Markets report, Hot Runner Market Size, Trend, Share, Opportunity Analysis & Forecast, 2018-2025.
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The report on the hot runner market provides a detailed analysis of the market size (2012-2025), market competition, market production by region, market consumption by region, market analysis by application, manufacturers profiles, manufacturing cost analysis, market segmentation, industrial chain and downstream buyers, marketing strategy analysis, market effect factors analysis, market forecast (2018-2025), market drivers, restraints, and opportunities. The study also identifies the trends in the industry which are likely to impact the market growth during the forecast period, 2018-2025.
The data in the report has been gathered and validated via an extensive research. The hot runner market analysis report is useful for market players, new entrants, and investors as it helps them determine the prolific investment zones and strategies to be implemented for their goals.
The report first provides an overview of the hot runner which encompasses the market segmentation by type, by application, and by region. By type, the market is classified as valve gate hot runner and open gate hot runner. By application, the market is divided into automotive industry, electronic industry, medical industry, packaging industry, and others. By region, the market is divided into the regions such as North America, Europe, China, Japan, Southeast Asia, India, South America, and Middle East and Africa.
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The report identifies the key drivers of growth and challenges faced by the market. It also assesses the future impact of the drivers and restraints. Factors such as technological advancements, the growing need for automation, improved performance, simplified maintenance, and increased flexibility drive the growth of the hot runner industry. In addition, the need to bring down costs, growth and increased use of shifting commodity prices, and growing competition among the market players propel the industry growth.
The report offers the competitive landscape of the major players in the hot runner market in order to highlight the competition scenario. The report also provides a detailed competitive analysis of the key players in the market and identifies various business strategies adopted by them. The market players identified by the report include YUDO, Milacron, Husky, INCOE, FISA, HASCO Hasenclever GmbH, Gunther, INglass, CACO PACIFIC Corporation, HASCO Hasenclever GmbH, INglass, FISA, Hotsys, Mold Hotrunner Solutions Inc., KLN, ANOLE, MOULD-TIP, MOZOI, JINGKONG Mechanical and Electric, and Suzhou HTS Moulding.