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The global hot runners for transportation & logistics market size is expected to reach USD 132 million by 2027. The strict government regulations and standards for recycling plastic and reducing carbon emissions will spur business opportunities for the market, mentioned in a report, titled “Hot Runners for Transportation & Logistics Market Size, Share & Covid-19 Impact Analysis, By Type (Open Gate Hot Runners and Valve Gate Hot Runners), By Application (Garbage Bins, Plastic Pallets, Big Containers, Foldable Crates, and Others), and Regional Forecast, 2020-2027.” The market size stood at USD 95.7 million in 2019 and is expected to exhibit a CAGR of 4.1% between 2020 and 2027.
Introduction of Hot Runner System “HRScool” to Consolidate Market
HRSflow, a leader and manufacture of innovative Hot Runner Systems for the plastic injection molding industry, like automotive, houseware announced the launch of an innovative solution for hot runner injection molding. The optimized temperature management system allows insulation and supports columns with a minimal contact surface, thus reducing heat input from the hot runner to the cylinder housing. Moreover, it is provided with a cover for a large, flat surface made of thermally conductive material. The integrated telescopic design enables maximum heat dissipation from the cylinder to the cold platen. The many advantages of HRScool involve cooling lines, channels, and connections for active cooling. The assembly and handling costs are drastically reduced in the new system. The compact design of systems with HRScool takes up less space in the molding tool, resulting in optimum uniform temperature distribution, the entire hot runner system, and higher molding quality. The introduction of the new system can have a tremendous impact on the global market owing to the lower operating costs and low degradation of hydraulic fluids.
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High Production Cost to Hamper Business
The periodic maintenance can cause flash on the parts, thus degrading the molded products' quality during transportation & logistics and increasing wastage. Moreover, during the manufacturing process, the halt due to the breakage in the cavity can further cause decreased output and increased production cost. Furthermore, the maintenance process requires methodology and techniques for safely disassembling, cleaning, inspecting, and reassembling manifold systems, further restricting the market's growth. In addition, the professional approach required for the job can also impede the growth of the market.
Focus on Sales Channels by Key Players to Intensify Business
The eminent players in the market are focused on sales and distribution networks to strengthen their sales and distribution networks. The companies are collaborating with local mold service companies and plastic injection suppliers to remain at the forefront. For instance, In January 2020, HRSflow announced that it has collaborated with Surtechno, a Belgium based mold service company, to provide customers the best and fastest support related to aftersales and process optimization. Moreover, the key players are focused on achieving the best lead times and to target customized product solutions, thus promoting market growth.
The Report lists the Main Companies in the Hot Runners for Transportation & Logistics Market:
Further Report Findings:
The Hot Runners for Transportation & Logistics Market is Segmented into:
ATTRIBUTE | DETAILS |
Study Period | 2016-2027 |
Base Year | 2019 |
Forecast Period | 2020-2027 |
Historical Period | 2016-2018 |
Unit | Value (USD Million) |
Segmentation | Type, Application, Geography |
By Type |
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By Application |
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By Geography |
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