404
+1-313-307-4176
sales@stratviewresearch.com
Metal Bellows Market Analysis | 2023-2028
Metal Bellows Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2023-2028
The metal bellows market was estimated at USD 683.3 million in 2022 and is likely to grow at a CAGR of 5.8% during 2023-2028 to reach USD 983.3 million in 2028.
Want to know more about the market scope? Register Here
Metal bellows are a type of flexible seal used in pipe joints. These bellows help mitigate movement caused by thermal fluctuation, equipment movement, and vibration or pressure pulsation by converting movement into linear or rotational motion in any piping system. They also reduce the chances of leakage of any fluid or pressure in pipe joints. The performance of the bellows depends on several factors including the type of raw material used and its properties, design factor, manufacturing process, etc. Metal bellows are used in diverse applications ranging from aerospace and defense to pharmaceutical, industrial automation, semiconductor manufacturing, solar power generation, water and wastewater treatment plants, and oil and gas industries.
In 2020, the sudden outburst of the pandemic led to a big dent in the growth trajectory of the metal bellows market. Metal bellows demand witnessed a colossal decline (-28%+ in 2020) amid the pandemic. However, the market started recovering from the disruption brought by the COVID-19 pandemic in 2021 and registered a healthy growth of 14.3%.
Revival of aerospace, defense, and automotive industries, the two largest markets for metal bellows from disruption brought by COVID-19, is likely to drive market growth in the years to come.
|
Segmentations |
List of Sub-Segments |
Dominant and Fastest-Growing Segments |
|
Product Type |
Edge-Welded Bellows, Mechanically Formed Bellows, and Others (Electroformed Bellows, etc.) |
Edge-welded bellows are likely to remain the largest segment as well as the fastest-growing segment in the years to come. |
|
Material Type |
Titanium Alloys, Stainless Steel Alloys, Nickel Alloys, and Others |
Titanium alloys are expected to maintain their dominance during the forecast period, whereas nickel alloys are expected to have the highest market growth. |
|
End-Use Industry Type |
Aerospace & Defense, Automotive, Oil & Gas, Semiconductors, Medical, and Other (Metal Processing, Wastewater Treatment, Pulp & Paper, etc.) |
Semiconductor is to dominate the demand for metal bellows, whereas Aerospace & Defense is to witness the fastest growth during the forecast period. |
|
Regional Analysis |
North America, Europe, Asia-Pacific, and the Rest of the World |
Asia-Pacific is expected to remain the largest and fastest-growing market over the next five years. |
“Edge-welded bellows dominate the market during the forecast period.”
The metal bellows market is segmented into edge-welded bellows, mechanically formed bellows, electroformed 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.
Want to get more details about the segmentations? Register Here
“Titanium alloys dominate the market during the forecast period.”
The market is segmented into titanium alloys, stainless steel alloys, nickel alloys, and others. Titanium alloys are expected to remain the dominant material type in the market during the forecast period.
Growing composites content in the aerospace industry supported by excellent compatibility of titanium with composites, increasing penetration of lightweight materials, growing usage of titanium alloys in high-end cars to reduce weight and gain high strength, and desirable properties of titanium concerning corrosion resistance and thermal expansion are some of the factors behind the superior growth of titanium alloys in the market.
“Asia-Pacific is projected to remain the largest and fastest-growing market for metal bellows during the forecast period.”
Driven by the huge dominance of the region in industries, such as automotive and semiconductor, the growing presence of key players in the aerospace industry to meet the huge demand and rapid development in emerging economies such as China and India.
North America and Europe are also projected to generate a sizeable demand for metal bellows during the forecast period. The USA is the growth engine of the North American metal bellows market. The country is the hub for the aerospace industry with several aircraft OEMs, metal bellow suppliers, and raw material suppliers. Similarly, Germany, France, the UK, and Russia are the major markets in Europe.
Want to know which region offers the best growth opportunities? Register Here
The market is highly populated with the presence of several 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 metal bellows market:
Note: The above list does not necessarily include all the top players in the market.
Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com
In 2018, MW Industries, Inc. acquired Ameriflex, Inc., a leading manufacturer of superior-quality precision metal bellows, flexible metal hoses, flanges, and other products for vacuum applications.
In 2018, Satair A/S and Senior Metal Bellows (Senior Plc) extended the existing agreement to distribute all commercial aerospace aftermarket products, such as accumulators, bellows, thermal valves, and, compressors, in Europe and Asia-Pacific.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The metal bellows market is segmented into the following categories:
By Product Type
By Material Type
By End-Use Industry Type
By Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.
Metal bellows are a type of flexible seal used in pipe joints. These bellows help in mitigating movement caused by thermal fluctuation, equipment movement, and vibration or pressure pulsation by converting movement into linear or rotational motion in any piping system. They also reduce the chances of leakage of any fluid or pressure in pipe joints. The performance of the bellows depends on several factors including the type of raw material used and its properties, design factor, manufacturing process, etc. Metal bellows are used in diverse applications ranging from aerospace and defense to pharmaceutical, industrial automation, semiconductor manufacturing, solar power generation, water and wastewater treatment plants, and oil and gas industries.
The metal bellows market is estimated to grow at a CAGR of 5.8% by 2028, driven by the high adoption of metal bellows in industries such as aerospace and defense, automotive, and semiconductor.
Senior plc, Eaton Corporation Plc, Meggitt PLC, MW Industries, Smiths Group plc, Freudenberg Group, U.S. Bellows, Inc., AESSEAL plc, Witzenmann GmbH, and Enpro Industries are the leading players in the metal bellows market.
Asia-Pacific is estimated to remain dominant in the metal bellows market in the foreseeable future. Major factors, such as increasing demand from several industries such as automotive, aerospace, semiconductor, oil, and gas, are expected to drive the metal bellows market in the Asia-Pacific region. In addition, rapid industrialization and growing manufacturing sectors will fuel market growth in the forthcoming years.
Asia-Pacific is estimated to remain the fastest-growing market for metal bellows in the foreseeable future. The key economies driving the region’s demand for metal bellows are China, Taiwan, Korea, and India.
Edge-welded bellows are likely to be the dominant and fastest-growing segment during the forecast period. Edge-welded bellows are preferred for applications such as aircraft engines, semiconductor manufacturing equipment, oil and gas instruments, and medical devices.
WE ACCEPT
