China Metal Shim Market Size & Outlook, 2024-2030
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China metal shim market highlights
- The China metal shim market generated a revenue of USD 37.6 million in 2023 and is expected to reach USD 52.6 million by 2030.
- The China market is expected to grow at a CAGR of 4.9% 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 37.6 million |
| Market revenue in 2030 | USD 52.6 million |
| Growth rate | 4.9% (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, China accounted for 21.3% 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 31.12% in 2023. Horizon Databook has segmented the China metal shim market based on aluminum, stainless steel, brass, copper, plastic covering the revenue growth of each sub-segment from 2018 to 2030.
In China, the manufacturing sector is a primary driver for the growth of the metal shim market. According to the State Council Information Office of China (SCIO), in 2023, the total value-added industrial production of the country was estimated to be around USD 5.6 trillion.
Moreover, as per the Organisation for Economic Co-operation and Development (OECD), China accounted for 35% of the global production output in 2023. The well-established manufacturing sector of the country is driving the demand for metal shims, particularly for use in the energy, shipbuilding, transportation, and construction industries.
As this sector in China has been witnessing increased investments in special-purpose machinery, automobiles, and electrical machinery, it is expected to drive the demand for metal shims 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 |
China metal shim market size, by product type, 2018-2030 (US$M)
China Metal Shim Market Outlook Share, 2023 & 2030 (US$M)
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