Canada Metal Shim Market Size & Outlook, 2024-2030
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Canada metal shim market highlights
- The Canada metal shim market generated a revenue of USD 3.3 million in 2023 and is expected to reach USD 4.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, stainless steel was the largest revenue generating material in 2023.
- Plastic is the most lucrative material segment registering the fastest growth during the forecast period.
Metal shim market data book summary
| Market revenue in 2023 | USD 3.3 million |
| Market revenue in 2030 | USD 4.3 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Stainless steel |
| Fastest growing segment | Plastic |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Stainless Steel, Brass, Copper, Plastic |
Other key industry trends
- In terms of revenue, Canada accounted for 1.9% of the global metal shim market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. metal shim market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 8.1 million by 2030.
Stainless steel was the largest segment with a revenue share of 30.3% in 2023. Horizon Databook has segmented the Canada metal shim market based on aluminum, stainless steel, brass, copper, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
Canada has a robust aerospace manufacturing sector, which draws the demand for metal shims to maintain and improve aircraft performance and safety. As per the official website of the Government of Canada, the aerospace manufacturing industry recorded exports worth USD 18.7 billion in 2022.
The investment of the government of the country in aerospace research and development, coupled with the increasing global demand for air travel, continues to drive the requirement for precision-engineered metal shims in Canada that meet stringent aerospace standards.
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Metal Shim Market Scope
Metal Shim Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Trinity Brand Industries | View profile | 11-50 | Park Ridge, Illinois, United States, North America | https://www.trinitybrand.com |
| The Shim Shack | View profile | 1-10 | Harrison, Ohio, United States, North America | https://www.theshimshack.com |
| Superior Washer & Gasket | View profile | 11-50 | Hauppauge, New York, United States, North America | https://www.superiorwasher.com/ |
| Stephens Gaskets | View profile | 11-50 | Oldbury, Sandwell, United Kingdom, Europe | https://www.stephensgaskets.co.uk/ |
| Queensland Gaskets | View profile | 11-50 | Salisbury, South Australia, Australia, Oceania | https://queenslandgaskets.com.au |
| Northern Industrial Manufacturing Corporation | View profile | 101-250 | Harrison Township, Michigan, United States, North America | https://www.northernindmfg.com |
| Mercer Gasket and Shim | View profile | 11-50 | Bellmawr, New Jersey, United States, North America | https://mercergasket.com |
| Houston Manufacturing Specialty | View profile | 11-50 | Houston, Texas, United States, North America | http://www.houmfg.com |
| Georg Martin | View profile | 101-250 | Dietzenbach, Hessen, Germany, Europe | https://georgmartin.com |
| AccuTrex Products, Inc. | View profile | 101-250 | Canonsburg, Pennsylvania, United States, North America | http://www.accutrex.com/ |
| G.L. Huyett | View profile | 101-250 | Minneapolis, Kansas, United States, North America | http://huyett.com |
| Starrett | View profile | - | Itu, Sao Paulo, Brazil, South America | https://www.starrett.com.br |
| Precision Micro | View profile | - | Erdington, Birmingham, United Kingdom, Europe | https://www.precisionmicro.com/ |
| MW Industries | View profile | 5001-10000 | Charlotte, North Carolina, United States, North America | http://www.mwcomponents.com |
| Reliance Inc | View profile | 15500 | 16100 N. 71st Street, Suite 400, Scottsdale, AZ, United States, 85254 | https://www.reliance.com |
Canada metal shim market size, by application, 2018-2030 (US$M)
Canada Metal Shim Market Outlook Share, 2023 & 2030 (US$M)
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