Market Growth Increase in Asia Pacific Hot Runner System Market Author
lujing
Company
QYResearch
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Hot runner system is an assembly of heated components—hot halves, nozzles and gates and—that inject plastic into the cavities of an injection mold. The system usually includes a heated manifold and a number of heated nozzles. The manifold distributes the plastic entering the mold to the nozzles, which then meter it precisely to the injection points in the cavities. qyresearch.com
• The continued adoption of hot runner
• From 2012 to 2016, global market of Hot
technology across the molding industry
Runner developed year by year. In 2016, global
resulting in an increase from 40 percent to
revenue of Hot Runner reached to 2595.60
70 percent market share in developed
Million USD.
areas like Europe and USA. The future market opportunities lie in the replacement
• North America market mainly lie in USA. The
of cold runner system in developing areas,
sales revenue of hot runner system reached to
especially in China, India and SE Asia.
704.79 Million USD. The CAGR from 2012 to 2016 is 6.19%. North America market is dominated by a few leading players like Milacron, Barnes Group and Husky, while the rest share is quite separated.
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• Europe is a major market of hot runner system. The sales revenue of hot runner system reached to 697.80 Million USD. The CAGR from 2012 to 2016 is 6.90%. Europe market is quite separated. • The demand in Europe can be broadly categorized based on geography. West Europe is the largest consumer of hot runner system, while CEE region also has a catching presence. Germany is the major production area of hot running system, which export a large share of its product to other European countries. qyresearch.com
• Asia-Pacific is the largest market for hot runner system. The sales revenue of hot runner system reached to 931.65 Million USD. The CAGR from 2012 to 2016 is 7.86%. China is the dominate player in hot runner system. It is also the largest production area in Asia. Basically, the demand for packaging and automotive makes China sustained its position in the industry. Consequently, many transnational companies choose to set up plant in China, such as YUDO and Milacron.
• South America, Middle and Africa are emerging market for hot runner system. The sales revenue of hot runner system reached to 261.36 Million USD. The CAGR from 2012 to 2016 is 6.04%. MENA market is dominated by Europe products, while South America market is dominated by USA products. Asian companies are also increasing share in these markets.
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More Infor on http://www.marketresearchstore.com/report/global-hot-runner-market-bymanufacturers-regions-type-134410
This article was first released by QYResearch analyst, if reproduced, please indicate the source. Media Contact: press@qyresearch.com Analyst: lujing@qyresearch.com
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