Market Overview:
The global Shim Washers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for Shim Washers in various applications, such as mechanical engineering and automotive engineering, among others. Additionally, the growing demand for lightweight and durable materials is also contributing to the growth of this market. On the basis of type, carbon steel shim washers are expected to account for a major share of the global Shim Washers market during the forecast period. This can be attributed to their low cost and high durability as compared with other types of shim washers available in the market.
Product Definition:
Shim washers are thin, flat washers that are used to fill in space or adjust the height of a fastener. Shim washers can be made from a variety of materials, including metal, plastic, and composites. They are often used in applications where there is a slight difference in the thicknesses of two parts that need to be joined.
Carbon Steel Shim Washers:
Carbon steel shim washers are used in the manufacturing of automotive parts such as, Shimmy Bars, Idler Pulleys, and other small components. The product is manufactured using carbon steel that has been processed to remove unwanted elements like sulfur and phosphorus. They have a hexagonal shape due to which they are known as hexagonal close-tolerance washers.
Brass Shim Washers:
Brass shim washers are used in automotive applications to reduce the play that is present between two parts of a mechanism. They are also known as spacer washers or spacers and can be manufactured from various materials such as metal, plastic, rubber and other synthetic compounds. The most commonly used material for manufacturing brass shim washers is plastic due to its low cost & weight along with high durability.
Application Insights:
The mechanical engineering segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to factors such as growing demand for industrial machinery and equipment, especially in developing countries like India, China, Brazil and South Africa. These washers help reduce vibrations caused by heavy machinery operating at high speeds thereby ensuring smooth functioning of various machines. They are also used on account of their low maintenance cost which makes them an ideal solution over the long term.
Automotive engineering was another prominent application segment accounting for a significant market share in 2017 owing to rising demand from passenger cars as well as heavy vehicles such as trucks and buses from major markets including North America, Europe and Asia Pacific. In addition, these products assist reduce noise pollution generated by automobiles traveling at high speeds which helps enhance driving experience resulting in increased sales across all vehicle types mentioned above (passenger cars included).
Regional Analysis:
Asia Pacific was the largest market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in infrastructure development, which is driving the demand for construction materials including steel and aluminum. This, in turn, is likely to drive product demand from 2018 to 2030.
The U.S., as well as Mexico are among the top 10 manufacturing hubs globally owing to their strong industrial base of automotive and machinery industries respectively. As per a study by Ewing Marion Kauffman Foundation about economic impact of innovation on manufacturing sector of America, research-based innovation has had a positive impact on all three measures (employment; GDP; trade) during 1980-2016 period while R&D investment has had significant impacts only on employment during 1990-2016 period whereas it impacted overall GDP positively throughout 1980-2016 period).
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing popularity of shim washers in the aerospace industry
- Rising demand for customized shim washers
- Technological advancements in the manufacturing process of shim washers
- Growing awareness about the benefits of using shim washers
Scope Of The Report
Report Attributes
Report Details
Report Title
Shim Washers Market Research Report
By Type
Carbon Steel Shim Washers, Brass Shim Washers, Aluminum Shim Washers, Stainless Steel Shim Washers, Others
By Application
Mechanical Engineering, Automotive Engineering, Others
By Companies
Matenaer Corporation, Heinrich Kipp Werk, Stephens Gaskets Ltd, Automotion Components Ltd, AccuTrex Products, Inc., SPIROL, Bossard, Springmasters, American Metric Corporation, Seeger-Orbis(Barnes Group Inc.), NORELEM Normelemente KG, Gandini Group, Milanoviti Srl, Bokers, Inc., House of Metrics, Ltd, Cirteq Limited
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Shim Washers Market Report Segments:
The global Shim Washers market is segmented on the basis of:
Types
Carbon Steel Shim Washers, Brass Shim Washers, Aluminum Shim Washers, Stainless Steel Shim Washers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Mechanical Engineering, Automotive Engineering, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Matenaer Corporation
- Heinrich Kipp Werk
- Stephens Gaskets Ltd
- Automotion Components Ltd
- AccuTrex Products, Inc.
- SPIROL
- Bossard
- Springmasters
- American Metric Corporation
- Seeger-Orbis(Barnes Group Inc.)
- NORELEM Normelemente KG
- Gandini Group
- Milanoviti Srl
- Bokers, Inc.
- House of Metrics, Ltd
- Cirteq Limited
Highlights of The Shim Washers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Steel Shim Washers
- Brass Shim Washers
- Aluminum Shim Washers
- Stainless Steel Shim Washers
- Others
- By Application:
- Mechanical Engineering
- Automotive Engineering
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shim Washers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shim washers are a type of fastener used to secure two pieces of wood together. They are made from a thin sheet metal that is bent around the edges of the two pieces to create a lip. The Shim washer is then inserted between the two boards and tightened with a wrench. This creates tension on the Shim washer, which holds the boards together
Some of the key players operating in the shim washers market are Matenaer Corporation, Heinrich Kipp Werk, Stephens Gaskets Ltd, Automotion Components Ltd, AccuTrex Products, Inc., SPIROL, Bossard, Springmasters, American Metric Corporation, Seeger-Orbis(Barnes Group Inc.), NORELEM Normelemente KG, Gandini Group, Milanoviti Srl, Bokers, Inc., House of Metrics, Ltd, Cirteq Limited.
The shim washers market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shim Washers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Shim Washers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shim Washers Market - Supply Chain
4.5. Global Shim Washers Market Forecast
4.5.1. Shim Washers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shim Washers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shim Washers Market Absolute $ Opportunity
5. Global Shim Washers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Shim Washers Market Size and Volume Forecast by Type
5.3.1. Carbon Steel Shim Washers
5.3.2. Brass Shim Washers
5.3.3. Aluminum Shim Washers
5.3.4. Stainless Steel Shim Washers
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shim Washers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Shim Washers Market Size and Volume Forecast by Application
6.3.1. Mechanical Engineering
6.3.2. Automotive Engineering
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shim Washers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Shim Washers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Shim Washers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Shim Washers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Shim Washers Demand Share Forecast, 2019-2026
9. North America Shim Washers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Shim Washers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Shim Washers Market Size and Volume Forecast by Application
9.4.1. Mechanical Engineering
9.4.2. Automotive Engineering
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shim Washers Market Size and Volume Forecast by Type
9.7.1. Carbon Steel Shim Washers
9.7.2. Brass Shim Washers
9.7.3. Aluminum Shim Washers
9.7.4. Stainless Steel Shim Washers
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Shim Washers Demand Share Forecast, 2019-2026
10. Latin America Shim Washers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Shim Washers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Shim Washers Market Size and Volume Forecast by Application
10.4.1. Mechanical Engineering
10.4.2. Automotive Engineering
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shim Washers Market Size and Volume Forecast by Type
10.7.1. Carbon Steel Shim Washers
10.7.2. Brass Shim Washers
10.7.3. Aluminum Shim Washers
10.7.4. Stainless Steel Shim Washers
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Shim Washers Demand Share Forecast, 2019-2026
11. Europe Shim Washers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Shim Washers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Shim Washers Market Size and Volume Forecast by Application
11.4.1. Mechanical Engineering
11.4.2. Automotive Engineering
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shim Washers Market Size and Volume Forecast by Type
11.7.1. Carbon Steel Shim Washers
11.7.2. Brass Shim Washers
11.7.3. Aluminum Shim Washers
11.7.4. Stainless Steel Shim Washers
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Shim Washers Demand Share, 2019-2026
12. Asia Pacific Shim Washers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Shim Washers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Shim Washers Market Size and Volume Forecast by Application
12.4.1. Mechanical Engineering
12.4.2. Automotive Engineering
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shim Washers Market Size and Volume Forecast by Type
12.7.1. Carbon Steel Shim Washers
12.7.2. Brass Shim Washers
12.7.3. Aluminum Shim Washers
12.7.4. Stainless Steel Shim Washers
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Shim Washers Demand Share, 2019-2026
13. Middle East & Africa Shim Washers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Shim Washers Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Shim Washers Market Size and Volume Forecast by Application
13.4.1. Mechanical Engineering
13.4.2. Automotive Engineering
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shim Washers Market Size and Volume Forecast by Type
13.7.1. Carbon Steel Shim Washers
13.7.2. Brass Shim Washers
13.7.3. Aluminum Shim Washers
13.7.4. Stainless Steel Shim Washers
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Shim Washers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Shim Washers Market: Market Share Analysis
14.2. Shim Washers Distributors and Customers
14.3. Shim Washers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Matenaer Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Heinrich Kipp Werk
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Stephens Gaskets Ltd
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Automotion Components Ltd
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. AccuTrex Products, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SPIROL
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bossard
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Springmasters
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. American Metric Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Seeger-Orbis(Barnes Group Inc.)
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. NORELEM Normelemente KG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Gandini Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Milanoviti Srl
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Bokers, Inc.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. House of Metrics, Ltd
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Cirteq Limited
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
