North America Metal Shim Market Size & Outlook, 2024-2030
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North America metal shim market highlights
- The North America metal shim market generated a revenue of USD 42.7 million in 2023.
- The market is expected to grow at a CAGR of 4% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 42.7 million |
| Market revenue in 2030 | USD 56.2 million |
| Growth rate | 4% (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, North America region accounted for 24.3% 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 29.04% in 2023. Horizon Databook has segmented the North 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 metal shim market in North America is witnessing substantial growth owing to the diverse industrial landscape of the region. Another primary driver for this growth is surging manufacturing activities in North America.
Industries such as automotive, aerospace, electronics, and renewable energy are increasingly relying on metal shims for precision engineering applications. In automotive manufacturing, metal shims are integral for ensuring the reliability and performance of critical components such as brakes, engines, and transmissions.
Moreover, North America benefits from a favorable business environment characterized by its developed infrastructure, technological expertise, and strategic trade agreements such as the U.S.-Mexico-Canada Agreement (USMCA).
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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 |
North America metal shim market size, by country, 2018-2030 (US$M)
North America Metal Shim Market Outlook Share, 2023 & 2030 (US$M)
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