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    Aerospace Metal Bellows Market Report

    Aerospace Metal Bellows Market Report
    Report code - SRAD305 Published On : Jun,2021 No. of Pages: 288
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    Aerospace & Defense (A&D) Metal Bellows Market Size, Share, Trend, Forecast, & See more...

    Impact of COVID-19 on Aerospace Metal Bellows Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Aerospace Metal Bellows Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Aerospace & Defense (A&D) Metal Bellows Market Insights

    Metal bellows are thin-walled cylindrical components used to mitigate vibration in the piping system when a media needs to be transported under pressure, where sealing a high vacuum is critical. The surface structure of metal bellows is in a corrugated form that offers flexibility during axial, lateral, and angular deformation. The 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. These bellows are used in a wide range of temperatures and pressure.
    The performance of 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 28% share of the market (value basis) in 2020. 

    Impact of COVID-19 on the Aerospace & Defense (A&D) Metal Bellows Market

    The A&D metal bellows market grew continuously in the last decade till 2018. The year 2019 proved to be challenging for the industry, especially for commercial aerospace. Grounding of B737 Max, P&W 1100G engine series failure (A320neo), delayed deliveries of upcoming aircraft programs such as B777X, and revised production rates of key aircraft programs; negatively impacted the entire supply chain including the demand for metal bellows, especially in the North American region. In 2020, the market witnessed a massive double-digit decline in the wake of the pandemic. Although there have been signs of recovery, the market is still expected to witness a decline in 2021, followed by a bounce-back in 2022 and sequential growth in succeeding years to reach an estimated US$ 284.1 million in 2026.

    Aerospace-&-Defense-(A&D)-Metal-Bellows-Market-Forecast

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    Aerospace & Defense (A&D) Metal Bellows Market Share Analysis

    Aerospace & Defense (A&D) Metal Bellows Market Share by Material Type

    Stratview Research has firstly segmented the A&D Metal Bellows market based on the material type as titanium alloys, stainless steel alloys, nickel alloys, and others. Titanium alloy-based metal bellow is expected to remain the largest as well as the fastest-growing market over the next five years. Rising demand for lightweight construction, high-strength material, and good media compatibility drive 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.

    Aerospace & Defense (A&D) Metal Bellows Market Share by Joint Type

    The market is segmented as gimbal joints, angular joints, universal joints, and others based on the joint type. Gimbal joint is expected to remain the largest segment of the market over the next five years. Key applications are pneumatic and fuel duct articulation, engine bleed air, ECS duct, and APU duct systems. Key driving factors of gimbal joints are that they provide strict control over the movement on bellows and have compatibility with the weight of the pipe.

    Aerospace & Defense (A&D) Metal Bellows Market Share by Platform Type

    Based on the platform type, the market is segmented as commercial aircraft, regional aircraft, general aviation, helicopter, military aircraft, and UAV. Commercial aircraft is estimated to maintain its huge dominance in the market and is also expected to experience the fastest recovery during the forecast period. Return in service of B737Max, entry of new programs (C919, B777x, and MC-21), and expected recovery in the production rate of the key aircraft programs (A320neo) to drive the metal bellows market in the years to come.

    Aerospace & Defense (A&D) Metal Bellows Market Share by Application Type

    Based on the application type, the market is segmented as airframe, engine, 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 bleed 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 Insights

    North America is expected to remain the largest market over the next five years in terms of regions. The USA is the growth engine of the region’s market. The USA is the manufacturing capital of the aircraft industry with the presence of major market players, aircraft OEMs, tier players, airlines, and MRO companies.

    Aerospace-&-Defense-(A&D)-Metal-Bellows-Market-By-Countries

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    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.

    Key Players

    The supply chain of this market comprises raw material suppliers, metal bellow manufacturers, distributors, tier players, OEMs, and MRO companies.

    The key A&D metal bellow manufacturing companies are-

    • Alloy Bellows & Precision Welding
    • Eaton Corporation Inc
    • EnPro Industries, Inc.
    • KSM Co., Ltd.
    • Meggitt Plc
    • MW Industries, Inc.
    • Senior Plc
    • The Freudenberg Group
    • United Flexible Inc.
    • U.S. Bellows, Inc.
    • others.

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    Some of the Key Strategic Alliances in the market:

    • In 2018, Satair A/S (a company of Airbus Group) and Senior Metal Bellows extended the existing agreement (the first one was signed in 2017) to distribute all commercial aerospace aftermarket products including accumulators, bellows, thermal valves, compressors, etc. in Europe and Asia-Pacific. The agreement is extended with an aim to strengthen the distribution network outside North America.
    • MW Industries, Inc. acquired Ameriflex Inc. in 2018 to further strengthen its metal bellows product portfolio along with existing companies: BellowsTech and Servometer.
    • In 2015, MW Industries, Inc. acquired BellowsTech, LLC, and Servometer, LLC to enter the metal bellows business and to better serve the market.

     

    Research Methodology

    Our reports offer high-quality insights and are the outcome of 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. We leverage a multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentations, white papers, and articles, to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2015-2026

    Forecast

    7.1% CAGR During 2021-2026

    Regions Covered

    North America, Europe, Asia-Pacific, Rest of the World

    Countries Covered

    The US, Canada, Mexico, Germany, France, The UK, China, Japan, Australia, Middle East, Latin America, and Others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The global A&D metal bellows market is segmented into the following categories.

    A&D Metal Bellows Market Size, Share & Forecast, By Material Type

    • Titanium Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Stainless Steel Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nickel Alloys (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Materials (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Metal Bellows Market Size, Share & Forecast, By Product Type

    • Edge-Welded Bellows (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electroformed Bellows (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mechanically Formed Bellows (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Other Metal Bellows (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Metal Bellows Market Size, Share & Forecast, By Joint Type

    • Gimbal Joints (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Angular Joints (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Universal Joints (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Metal Bellows Market Size, Share & Forecast, By Platform Type

    • Commercial Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Regional Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • General Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Helicopter (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Military Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • UAV (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Metal Bellows Market Size, Share & Forecast, By Application Type

    • Engine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Airframe (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    A&D Metal Bellows Market Size, Share & Forecast, By Region

    • North America (Country Analysis: The USA, Canada, Mexico)
    • Europe (Country Analysis: France, Germany, the UK, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, Australia, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Report Features

     

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s A&D metal bellows market realities and future market possibilities for the forecast period of 2021 to 2026.  The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for A&D metal bellows market at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenarios. The vital data/information provided in the report can play a crucial role for the market participants and investors in the identification of low-hanging fruits available in the market and formulate growth strategies. 

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • The current market size of A&D metal bellows in any one of the product types by application type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the 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 [email protected]

    Frequently Asked Questions (FAQs)

    The A&D metal bellows market is expected to witness an impressive growth of 7.1% CAGR During 2021-26.

    Alloy Bellows & Precision Welding, Eaton Corporation Inc, EnPro Industries, Inc., KSM Co., Ltd., Meggitt Plc, MW Industries, Inc., Senior Plc, The Freudenberg Group, United Flexible Inc., U.S. Bellows, Inc. are among the key players in the A&D metal Bellows Market.

    North America is expected to remain the largest market for A&D metal bellows during the forecast period of 2020-25.

    Engine is expected to remain dominant application type in the A&D metal bellows market in the coming years.

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