U.S. Metal Shim Market Size & Outlook, 2024-2030
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U.S. metal shim market highlights
- The U.S. metal shim market generated a revenue of USD 33.6 million in 2023 and is expected to reach USD 43.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.9% 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 33.6 million |
| Market revenue in 2030 | USD 43.9 million |
| Growth rate | 3.9% (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, U.S. accounted for 19.1% 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 28.87% in 2023. Horizon Databook has segmented the U.S. metal shim market based on aluminum, stainless steel, brass, copper, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
Metal shims are extensively used in automotive manufacturing. They are used in applications ranging from brake systems to engine components. With the resurgence of automotive sales and production levels after the economic downturn in the first two quarters of 2022 due to the pandemic and the war in Ukraine, there has been a corresponding increase in demand for metal shims in the U.S.
According to the Federal Reserve Economic Data (Federal Reserve Bank of St. Louis), the total vehicle sales in the country rose from 14.2 million units in 2022 to 16.0 million units in 2023. Additionally, the presence of stringent regulatory standards for greenhouse gas emissions further bolsters the demand for high-quality metal shims that can withstand rigorous operational conditions and contribute to the development of lightweight vehicles with enhanced fuel efficiency.
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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 |
U.S. metal shim market size, by product type, 2018-2030 (US$M)
U.S. Metal Shim Market Outlook Share, 2023 & 2030 (US$M)
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