Thailand Metal Shim Market Size & Outlook, 2024-2030
Related Markets
Thailand metal shim market highlights
- The Thailand metal shim market generated a revenue of USD 1.8 million in 2023 and is expected to reach USD 2.4 million by 2030.
- The Thailand 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.
Metal shim market data book summary
| Market revenue in 2023 | USD 1.8 million |
| Market revenue in 2030 | USD 2.4 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Stainless steel |
| Fastest growing segment | Aluminum |
| 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, Thailand accounted for 1.0% 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 Asia Pacific, China metal shim market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7.3 million by 2030.
Stainless steel was the largest segment with a revenue share of 33.33% in 2023. Horizon Databook has segmented the Thailand metal shim market based on aluminum, stainless steel, brass, copper, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the metal shim market in Thailand is driven by several factors that cater to its industrial landscape and economic priorities. One significant driver is the well-established automotive manufacturing sector in the country.
Thailand is a major production hub for automobiles in Southeast Asia, with leading manufacturers such as TOYOTA MOTOR CORPORATION., Honda Motor Co., Ltd., and Nissan Motor Co., Ltd. operating their production facilities in the country. The automotive industry in Thailand relies increasingly on metal shims for various applications in vehicle assembly.
They are used for the alignment of engine components, brake systems, and chassis. As the automotive industry continues to expand and diversify in Thailand with the production of EVs and hybrid vehicles, the demand for metal shims that enhance vehicle performance and reliability is expected to grow in the country in the coming years.
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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 |
Thailand metal shim market size, by material, 2018-2030 (US$M)
Thailand Metal Shim Market Outlook Share, 2023 & 2030 (US$M)
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