South Korea Metal Shims Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 4.6% from 2024 to 2030.
The South Korea Metal Shims Market has seen substantial growth over the past few years, driven by the rising demand from various industrial sectors. Shims, which are thin, flat pieces of material used to fill small gaps or spaces, are crucial in numerous applications across manufacturing and construction. In South Korea, this market is expanding due to technological advancements, the increase in industrial activities, and the growing need for precision in machinery and equipment installations.
One of the key types of metal shims used in the South Korean market is the stainless steel shim. Stainless steel is favored for its durability, corrosion resistance, and high strength, making it ideal for applications in harsh environments, such as the automotive and aerospace industries. These sectors require shims to maintain the accuracy and alignment of critical components, ensuring optimal performance and safety.
Another type is the copper shim, often used in electrical applications due to its excellent conductivity. Copper shims are essential in industries like electronics and telecommunications, where the proper alignment of equipment is necessary for ensuring signal integrity and efficiency. As technology advances, the demand for copper shims is expected to increase, particularly in the electronics manufacturing sector in South Korea.
The demand for metal shims in South Korea is also being driven by industries such as automotive, construction, and heavy machinery. These sectors require high-quality metal shims to maintain precision in equipment assembly and ensure long-term operational reliability. For instance, in automotive manufacturing, metal shims are used to align components such as engine parts and suspensions, which are subject to high mechanical stress.
With the continuous growth of the manufacturing and construction sectors in South Korea, the need for various types of metal shims is expected to rise. Companies are focusing on innovation and efficiency, ensuring that shims meet the specific requirements of each industry. The Metal Shims Market in South Korea, fueled by technological advancements and increasing industrial needs, is poised for continued growth in the years ahead.
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SKF
Matenaer Corporation
Heinrich Kipp Werk
Stephens Gaskets Ltd
Automotion Components Ltd
AccuTrex Products
SPIROL
American Metric Corporation
Seeger-Orbis
Gandini Group
Milanoviti Srl
Bokers
Cirteq Limited
SPM Instrument
Dichtungstechnik
KACO GmbH
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Metal Shims Market
Metallic Shims
Non-Metallic Shims
Composite Shims
Aerospace
Automotive
Construction
Industrial Machinery
Electronics
Flat Shims
Coil Shims
Precision Shims
Custom Shims
Thin Shims (up to 1 mm)
Medium Shims (1 mm to 5 mm)
Thick Shims (above 5 mm)
Manufacturing
Telecommunications
Energy and Utilities
Marine
Renewable Energy
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Metal Shims Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Metal Shims Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Metal Shims Market, By Type
6. South Korea Metal Shims Market, By Application
7. South Korea Metal Shims Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Metal Shims Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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