Global Metal Shims Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Metal Shims Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Shims are thin and often tapered or wedge-shaped materials used to fill small gaps or spaces between objects. Shims are usually used to support, adjust to better fit or provide a level surface. Shims can also be used as gaskets to fill gaps between wear-prone parts. Many materials can be used to make Shims, such as metal, stone, wood, plastic, paper, etc. Among them, the most widely used is the Metal Shims.

Based on different metal materials, Metal Shims are divided into Carbon Steel Shims, Brass Shims, Aluminum Shims and Stainless-Steel Shims. Metal Shims are mainly used in Mechanical Engineering and Automotive Engineering.

Market Overview:

The latest research study on the global Metal Shims market finds that the global Metal Shims market reached a value of USD 179.64 million in 2022. It’s expected that the market will achieve USD 224.05 million by 2028, exhibiting a CAGR of 3.75% during the forecast period.

Drivers

The main factors driving the growth of the Metal Shims market are the wide application of these gaskets in various end-user industries, strict government regulations to control leakage to prevent environmental damage, and the increasing demand for oil and gas production-related facilities. Due to its excellent properties, such as chemical resistance, alkali resistance, acid resistance and so on. In mechanical engineering, Metal Shims are used to support equipment, and sometimes also play a role in sealing, anti-skid, etc. to ensure flexibility. In automotive engineering, Metal Shims play a similar role. These Metal Shims are used more and more in various industries; resistance to extreme temperatures; resistance to extreme pressures; ability to withstand different environments, which drives the growth of the Metal Shims market.
The industrialization of emerging countries has led to a substantial increase in the number of manufacturing plants, machinery and various other mechanical instruments, which are expected to drive the demand for Metal Shims during the forecast period. Metal Shims promoted the need to improve the performance and efficiency of engineered products. In emerging markets such as China, India, Brazil, and Russia, various industries are growing steadily, which will drive the growth of product markets. For example, Brazil is one of the emerging economies in South America, among which chemical processing, petroleum production and cement manufacturing are some industries that may promote the growth of the product market. Therefore, the rise of industrialization in emerging economies is also a factor driving the development of the Metal Shims industry.
With the development of the global economy, the trend of urbanization and industrialization in various countries or regions has become more and more significant. Urbanization and industrialization have led to people's dependence on automobiles and the demand for mechanical engineering. The continuous development of these two Metal Shims downstream application markets has further increased the demand for Metal Shims. In addition, there are some characteristics that are not available in Shims made of other materials, such as the conductivity of brass Shims, which are not available in materials such as plastic and wood. This has led to the need for Metal Shims in special fields. These have also driven the development of the Metal Shims industry.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

SKF is one of the major players operating in the Metal Shims market, holding a share of 8.12% in 2021.

SKF is a Swedish manufacturer of bearings, seal rings, mechatronics, maintenance and lubrication products, services and solutions.

Matenaer Corporation produces special washers and metal stampings for fastener distributors and original equipment manufacturers. Some of the industries in which they provide parts include: agriculture, lawns and gardens, heavy trucks, construction hardware, automobiles, engines and transmissions, construction equipment, and consumer goods.

Segmentation Overview:

By type, Stainless Steel Shims segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Mechanical Engineering segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Metal Shims market covered in Chapter 3:

Bokers, Inc.
Seeger-Orbis
American Metric Corporation
SPM Instrument
Heinrich Kipp Werk
Matenaer Corporation
Automotion Components Ltd
SKF
Stephens Gaskets Ltd
IGS industries
Trinity Brand Industires
Maudlin Products
SPIROL
Aloma Shims
AccuTrex Products, Inc.

In Chapter 4 and Chapter 14.2, on the basis of types, the Metal Shims market from 2018 to 2029 is primarily split into:

Carbon Steel Shims
Brass Shims
Aluminum Shims
Stainless Steel Shims

Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Metal Shims market from 2018 to 2029 covers:

Mechanical Engineering
Automotive Engineering

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)