PUBLISHER: KBV Research | PRODUCT CODE: 1519600
PUBLISHER: KBV Research | PRODUCT CODE: 1519600
North America Hot Runner Systems Market Size, Share & Trends Analysis Report By Process, By Application, By Country and Growth Forecast, 2024 - 2031
The North America Hot Runner Systems Market would witness market growth of 5.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America Hot Runner Systems Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $947.8 Million by 2031. The Canada market is experiencing a CAGR of 7.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7% during (2024 - 2031).
Hot runner systems are essential in various industries where precise, efficient, and high-quality injection molding of plastic parts is required. For instance, these systems mold interior components such as dashboard panels, door handles, consoles, and trim pieces. These components require precise molding to meet aesthetic and functional standards.
Hot runner systems mold parts for medical devices such as syringes, IV components, surgical instruments, and diagnostic equipment. These parts require biocompatibility, precision, and consistency in production. Components for laboratory equipment, including test tubes, petri dishes, pipette tips, and vials, are manufactured using these systems to ensure accuracy and reliability in scientific applications.
The computer and electronics industry often requires high precision in manufacturing processes. According to the Government of Canada, in 2021, manufacturing revenues from the computer and electronic industry reached $15.5 billion compared to $14.4 billion in 2020, an increase of 8.1%. Total revenues were $17.9 billion in 2021, increasing from $16.3 billion in 2020. In 2021, net revenues reached $2.02 billion compared to $1.96 billion in 2020, or an increase of 3%. Furthermore, Mexico has become a key player in the global automotive industry, with many major automakers establishing production facilities in the country. As per the International Trade Administration (ITA), Mexico is the world's seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. Eighty-eight percent of vehicles produced in Mexico are exported, with 76 percent destined for the United States. Thus, the rising automobile industry and increasing electronics industry in the region is driving the growth of the market.
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 U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Polimold Industrial S/A
- Husky Injection Molding Systems Ltd.
- Synventive Molding Solutions (Barnes Group Inc.)
- INCOE Corporation
- Mold-Masters (Hillenbrand, Inc.)
- HASCO Hasenclever GmbH + Co KG
- EWIKON HeiBkanalsysteme GmbH
- Anole Hot Runner System Technology
- GUNTHER Hot Runner Technology GmbH
- CACO PACIFIC Corporation
North America Hot Runner Systems Market Report Segmentation
By Process
- Valve Gate Hot Runner
- Open Gate Hot Runner
By Application
- Automotive & Transportation
- Consumer Goods
- Packaging
- Electronic
- Medical
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Hot Runner Systems Market, by Process
- 1.4.2 North America Hot Runner Systems Market, by Application
- 1.4.3 North America Hot Runner Systems Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. North America Hot Runner Systems Market by Process
- 4.1 North America Valve Gate Hot Runner Market by Country
- 4.2 North America Open Gate Hot Runner Market by Country
Chapter 5. North America Hot Runner Systems Market by Application
- 5.1 North America Automotive & Transportation Market by Country
- 5.2 North America Consumer Goods Market by Country
- 5.3 North America Packaging Market by Country
- 5.4 North America Electronic Market by Country
- 5.5 North America Medical Market by Country
- 5.6 North America Others Market by Country
Chapter 6. North America Hot Runner Systems Market by Country
- 6.1 US Hot Runner Systems Market
- 6.1.1 US Hot Runner Systems Market by Process
- 6.1.2 US Hot Runner Systems Market by Application
- 6.2 Canada Hot Runner Systems Market
- 6.2.1 Canada Hot Runner Systems Market by Process
- 6.2.2 Canada Hot Runner Systems Market by Application
- 6.3 Mexico Hot Runner Systems Market
- 6.3.1 Mexico Hot Runner Systems Market by Process
- 6.3.2 Mexico Hot Runner Systems Market by Application
- 6.4 Rest of North America Hot Runner Systems Market
- 6.4.1 Rest of North America Hot Runner Systems Market by Process
- 6.4.2 Rest of North America Hot Runner Systems Market by Application
Chapter 7. Company Profiles
- 7.1 Polimold Industrial S/A
- 7.1.1 Company Overview
- 7.1.2 Recent strategies and developments:
- 7.1.2.1 Product Launches and Product Expansions:
- 7.2 Husky Injection Molding Systems Ltd.
- 7.2.1 Company Overview
- 7.2.2 Recent strategies and developments:
- 7.2.2.1 Product Launches and Product Expansions:
- 7.2.3 SWOT Analysis
- 7.3 Synventive Molding Solutions (Barnes Group Inc.)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 INCOE Corporation
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Mold-Masters (Hillenbrand, Inc.)
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Product Launches and Product Expansions:
- 7.5.6 SWOT Analysis
- 7.6 HASCO Hasenclever GmbH + Co KG
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 EWIKON HeiBkanalsysteme GmbH
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 Anole Hot Runner System Technology
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 GUNTHER Hot Runner Technology GmbH
- 7.9.1 Company Overview
- 7.10. CACO PACIFIC Corporation
- 7.10.1 Company Overview
LIST OF TABLES
- TABLE 1 North America Hot Runner Systems Market, 2020 - 2023, USD Million
- TABLE 2 North America Hot Runner Systems Market, 2024 - 2031, USD Million
- TABLE 3 North America Hot Runner Systems Market by Process, 2020 - 2023, USD Million
- TABLE 4 North America Hot Runner Systems Market by Process, 2024 - 2031, USD Million
- TABLE 5 North America Valve Gate Hot Runner Market by Country, 2020 - 2023, USD Million
- TABLE 6 North America Valve Gate Hot Runner Market by Country, 2024 - 2031, USD Million
- TABLE 7 North America Open Gate Hot Runner Market by Country, 2020 - 2023, USD Million
- TABLE 8 North America Open Gate Hot Runner Market by Country, 2024 - 2031, USD Million
- TABLE 9 North America Hot Runner Systems Market by Application, 2020 - 2023, USD Million
- TABLE 10 North America Hot Runner Systems Market by Application, 2024 - 2031, USD Million
- TABLE 11 North America Automotive & Transportation Market by Country, 2020 - 2023, USD Million
- TABLE 12 North America Automotive & Transportation Market by Country, 2024 - 2031, USD Million
- TABLE 13 North America Consumer Goods Market by Country, 2020 - 2023, USD Million
- TABLE 14 North America Consumer Goods Market by Country, 2024 - 2031, USD Million
- TABLE 15 North America Packaging Market by Country, 2020 - 2023, USD Million
- TABLE 16 North America Packaging Market by Country, 2024 - 2031, USD Million
- TABLE 17 North America Electronic Market by Country, 2020 - 2023, USD Million
- TABLE 18 North America Electronic Market by Country, 2024 - 2031, USD Million
- TABLE 19 North America Medical Market by Country, 2020 - 2023, USD Million
- TABLE 20 North America Medical Market by Country, 2024 - 2031, USD Million
- TABLE 21 North America Others Market by Country, 2020 - 2023, USD Million
- TABLE 22 North America Others Market by Country, 2024 - 2031, USD Million
- TABLE 23 North America Hot Runner Systems Market by Country, 2020 - 2023, USD Million
- TABLE 24 North America Hot Runner Systems Market by Country, 2024 - 2031, USD Million
- TABLE 25 US Hot Runner Systems Market, 2020 - 2023, USD Million
- TABLE 26 US Hot Runner Systems Market, 2024 - 2031, USD Million
- TABLE 27 US Hot Runner Systems Market by Process, 2020 - 2023, USD Million
- TABLE 28 US Hot Runner Systems Market by Process, 2024 - 2031, USD Million
- TABLE 29 US Hot Runner Systems Market by Application, 2020 - 2023, USD Million
- TABLE 30 US Hot Runner Systems Market by Application, 2024 - 2031, USD Million
- TABLE 31 Canada Hot Runner Systems Market, 2020 - 2023, USD Million
- TABLE 32 Canada Hot Runner Systems Market, 2024 - 2031, USD Million
- TABLE 33 Canada Hot Runner Systems Market by Process, 2020 - 2023, USD Million
- TABLE 34 Canada Hot Runner Systems Market by Process, 2024 - 2031, USD Million
- TABLE 35 Canada Hot Runner Systems Market by Application, 2020 - 2023, USD Million
- TABLE 36 Canada Hot Runner Systems Market by Application, 2024 - 2031, USD Million
- TABLE 37 Mexico Hot Runner Systems Market, 2020 - 2023, USD Million
- TABLE 38 Mexico Hot Runner Systems Market, 2024 - 2031, USD Million
- TABLE 39 Mexico Hot Runner Systems Market by Process, 2020 - 2023, USD Million
- TABLE 40 Mexico Hot Runner Systems Market by Process, 2024 - 2031, USD Million
- TABLE 41 Mexico Hot Runner Systems Market by Application, 2020 - 2023, USD Million
- TABLE 42 Mexico Hot Runner Systems Market by Application, 2024 - 2031, USD Million
- TABLE 43 Rest of North America Hot Runner Systems Market, 2020 - 2023, USD Million
- TABLE 44 Rest of North America Hot Runner Systems Market, 2024 - 2031, USD Million
- TABLE 45 Rest of North America Hot Runner Systems Market by Process, 2020 - 2023, USD Million
- TABLE 46 Rest of North America Hot Runner Systems Market by Process, 2024 - 2031, USD Million
- TABLE 47 Rest of North America Hot Runner Systems Market by Application, 2020 - 2023, USD Million
- TABLE 48 Rest of North America Hot Runner Systems Market by Application, 2024 - 2031, USD Million
- TABLE 49 Key Information - Polimold Industrial S/A
- TABLE 50 Key Information - Husky Injection Molding Systems Ltd.
- TABLE 51 Key Information - Synventive Molding Solutions
- TABLE 52 Key Information - INCOE Corporation
- TABLE 53 Key Information - Mold-Masters
- TABLE 54 Key Information - HASCO Hasenclever GmbH + Co KG
- TABLE 55 Key Information - EWIKON HeiBkanalsysteme GmbH
- TABLE 56 Key Information - Anole Hot Runner System Technology
- TABLE 57 Key Information - GUNTHER Hot Runner Technology GmbH
- TABLE 58 Key Information - CACO PACIFIC Corporation
