Latin America Metal Shim Market Size & Outlook, 2024-2030
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Latin America metal shim market highlights
- The Latin America metal shim market generated a revenue of USD 11.1 million in 2023.
- The market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, stainless steel was the largest revenue generating material in 2023.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, Panama is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 11.1 million |
| Market revenue in 2030 | USD 13.9 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Stainless steel |
| Fastest growing segment | Aluminum |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Stainless Steel, Brass, Copper, Plastic |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.3% of the global metal shim market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 95.5 million by 2030.
Stainless steel was the largest segment with a revenue share of 30.63% in 2023. Horizon Databook has segmented the Latin America metal shim market based on aluminum, stainless steel, brass, copper, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing focus of Central & South America on industrialization, as well as on the expansion of manufacturing activities, plays a significant role in driving the growth of the market for metal shims in the region.
As countries in Central & South America continue to develop their industrial sectors, there is a surging demand for metal shims used in machinery, equipment manufacturing, and industrial processes in the region. Additionally, the strategic location of the region, along with its growing role in global trade and logistics contribute to the demand for metal shims in Central & South America.
The region serves as a key transit point for international trade, with significant activities related to maritime shipping, as well as air cargo and intermodal transportation taking place in it. Metal shims are used in the construction and maintenance of port infrastructures that support efficient and reliable transportation of goods across regional and global markets.
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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 |
Latin America metal shim market size, by country, 2018-2030 (US$M)
Latin America Metal Shim Market Outlook Share, 2023 & 2030 (US$M)
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