Aerospace & Defense Metal Bellows Market is segmented by Product Type (Edge-Welded Bellows, Mechanically Formed Bellows and Others), Material Type (Titanium Alloys, Stainless Steel Alloys, Nickel Alloys, and Others), Joint Type (Ball Joints, Gimbal Joints, Direct Bellows, and Others), Platform Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and Others), Application Type (Engine, Airframe, and Others), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Aerospace & Defense Metal Bellows Market is segmented by Product Type...
“TheAerospace & Defense Metal Bellows Market is estimated to grow at a healthy CAGR of 7.6% during the forecast period to reach a value of US$ 308.8 million by 2028.”
Metal bellows, flexible seals, are thin-walled cylindrical components whose surface area features a corrugated structure perpendicular to the cylinder axis. This corrugated structure helps the bellow to act flexibly during axial, lateral, and angular deformation. The bellows are pressure, temperature, corrosion-resistant, and torsion-resistant.
The performance of the bellows depends on several factors including the type of raw material used, its properties, design factor, manufacturing process, etc. They are used in a wide range of industries including aerospace, automotive, oil & gas, pharmaceutical, etc. Among all the end-use industries, the aerospace industry is the biggest demand generator of metal bellows, alone capturing a more than 25% share of the market (value basis) in 2022.
Market Drivers
Major factors driving the growth of the market are such as a continuous rise in the use of metal bellows for various applications in the aerospace industry, increasing preference for metal bellows for high-temperature applications, huge order backlogs of commercial aircraft, and expected rise in the production rate of the key aircraft programs are expected to fuel the demand for metal bellows during the forecast period.
COVID-19 Impact
In 2020, the outbreak of the COVID-19 pandemic shook the aerospace industry, mainly due to the decline in aircraft production, order cancellations, and supply chain disruptions. As a result, the industry recorded a massive decline in the year 2020 across regions. The impact of this has been recorded across the supply chain including the demand for metal bellows. Aerospace & defense metal bellows, a sizeable market, could not escape from such trends and witnessed a colossal decline (-34%+ in 2020).
However, the market started recovering from the disruption brought on by the COVID-19 pandemic in the year 2022.
Segments Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Product Type
Edge-Welded Bellows, Mechanically Formed Bellows and Others
Edge-welded bellows will likely remain the most preferred product category in the future.
Material Type
Titanium Alloys, Stainless Steel Alloys, Nickel Alloys, and Others
Titanium alloys are expected to maintain their dominance during the forecast period.
Joint Type
Ball Joints, Gimbal Joints, Direct Bellows, and Others
Balls joints are expected to be the fastest-growing segment during the forecast period.
Platform Type
Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and Others
Commercial aircraft are estimated to be the largest demand generator for metal bellows during the forecast period.
Application Type
Engine, Airframe, and Others
The Airframe is estimated to remain the most dominant application in the coming years. Upcoming advanced engines may give additional impetus.
Regional Analysis
North America, Europe, Asia-Pacific, and Rest of the World
North America is expected to remain the largest market over the next five years, whereas Asia-Pacific is likely to grow at the fastest rate.
By Product Type
“Edge-welded bellows dominate the market during the forecast period.”
The aerospace & defense metal bellows market is segmented into edge-welded bellows, mechanically formed bellows, and others. Edge-welded bellows are expected to remain the largest and fastest-growing product type in the market during the forecast period. Edge-welded bellows offer a wide range of operating temperatures, superior stroke capabilities, and more precise spring rates, making them suitable for a variety of applications where performance is critical.
By Material Type
“Titanium alloy-based metal below dominates the market during the forecast period.”
The market is segmented into titanium alloys, stainless steel alloys, nickel alloys, and others. Titanium alloy-based metal below is expected to remain the dominant as well as the fastest-growing material type in the market during the forecast period. Titanium alloy bellows provide many advantages, such as extremely lightweight construction, high strength, excellent price-performance ratio, and high corrosive fluid resistance.
Also, the rising demand for lightweight construction, high-strength material, and good media compatibility drives the demand for titanium in the A&D industry. It is estimated that there would be a further increase in the penetration of titanium in the crucial sections (including metal bellows) of the latest aircraft programs.
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By Application Type
“The airframe dominates the market during the forecast period.”
The market is segmented into airframes, engines, and others. The airframe is estimated to remain the most dominant application in the coming years. The engine also accounts for a reasonable share of the market.
Key application areas of the engine are bleeding air ducts, drain systems, firewall seals, nacelle seals, and duct seals. Major material types used in engine applications are high-temperature titanium alloys, CRES, and nickel alloys.
Regional Analysis
“North America is expected to remain the largest market for aerospace & defense metal bellowsduring the forecast period.”
This region has a presence of a large number of major OEMs and aerospace giants, such as Boeing, which make the region a growth engine of the aerospace industry. Most of the aerospace & defense metal bellows suppliers have their presence in the region.
Asia-Pacific, a relatively small market, is likely to heal up at the fastest pace in the post-pandemic market scenario. The region's market will be driven by a host of factors including an expected increase in the demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China for B737, A320, A330, and A350 aircraft programs; upcoming indigenous commercial and regional aircraft (COMAC C919); rising aircraft fleet size; and increasing military expenditure by key countries such as China and India.
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Key Players
The market is highly populated with the presence of some local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the aerospace & defense metal bellows market (arranged alphabetically).
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Aerospace & Defense Metal Bellows Market
How lucrative is the future?
The market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Who are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s aerospace & defense metal bellows market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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Metal bellows, flexible seals, are thin-walled cylindrical components whose surface area features a corrugated structure perpendicular to the cylinder axis. This corrugated structure helps the bellow to act flexibly during axial, lateral, and angular deformation. The bellows are pressure, temperature, corrosion-resistant, and torsion-resistant.
The performance of the bellows depends on several factors including the type of raw material used, its properties, design factor, manufacturing process, etc. They are used in a wide range of industries including aerospace, automotive, oil & gas, pharmaceutical, etc. Among all the end-use industries, the aerospace industry is the biggest demand generator of metal bellows, alone capturing a more than 25% share of the market (value basis) in 2022.
The aerospace & defense metal bellows market is estimated to grow at a CAGR of 7.6% by 2028, driven by an expected rise in the production rate of key aircraft programs, market entry of new programs, such as B777x and C919, and rise in the aircraft fleet size.
Senior plc, Eaton Corporation Plc, Meggitt PLC, Unison Industries, LLC, MW Industries, Smiths Group plc, EagleBurgmann Germany GmbH & Co. KG, AMETEK, Inc. (FMH Aerospace Corp.), U.S. Bellows, Inc., and Enpro Industries are the leading players in the aerospace & defense metal bellows market.
North America is estimated to remain dominant in the aerospace & defense metal bellows market in the foreseeable future. North America has the presence of key OEMs, such as Lockheed Martin, Bombardier, and Boeing, and key engine suppliers, such as Pratt and Whitney, GE Aviation, CFM International, and Honeywell Aerospace, which is expected to fuel the demand for metal bellows during the forecast period.
Asia-Pacific is estimated to remain the fastest-growing market for aerospace & defense metal bellows in the foreseeable future. The key economies driving the region’s demand are China and India.
Edge-welded bellows are likely to be the dominant segment by product type during the forecast period. Edge-welded bellows can be engineered and manufactured in a wide range of materials, making them the suitable choice for a variety of applications.
