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Aerospace Metal Bellows Market Report
Aerospace & Defense (A&D) Metal Bellows Market is Segmented by Platform Type (Commercial Aircraft, Regional Aircraft, General Aviation, Helicopter, Military Aircraft, and UAV), by Material Type (Titanium Alloys, Stainless Steel Alloy, Nickel Alloy, and Others), by Product Type ...
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.
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 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 temperature and pressure.
Metal bellows are one of the most critical components used in the aerospace & defense industry. Aerospace parts operate under immense pressure and temperature, especially those located inside or near the engine. Metal bellows are used to control the pressure, equipment movement or vibration, and to minimize leakage. They are used in a wide range of applications in an aircraft including in engine, airframe, landing gears, etc.
Impact of COVID-19 on the Aerospace & Defense (A&D) Metal Bellows Market
The year 2019 was challenging for the aerospace industry owing to the grounding of B737 Max, P&W 1100G engine series failure (A320neo), delays in market entries of aircraft programs such as B777X, and revised production rates of key aircraft programs (A350 XWB). These factors negatively impacted the entire supply chain including the demand for metal bellows. The outbreak of COVID-19 further aggravated the industry concerns to an unprecedented level. A sudden drop in revenue passenger kilometers, cancellation of aircraft orders by airlines, temporary production shut-downs by airframers and tier players, and supply-chain disruptions have imprinted huge impact on the demand for metal bellows, leaving no options except to lay off their employees, revised production rates of key programs, and higher cash burns across the value chain.
As of now, it is difficult to state when the impact of the pandemic starts to fade away. However, it is predicted that the demand for metal bellows in the aerospace & defense industry would start to plateau in 2021 followed by gearing into the accelerated-recovery mode from 2022 onwards. An expected recovery in the passenger traffic, FAA and other regulators’ approval for B737 max, and resumption of aircraft production by airframers at the fullest production capacity would bring back the market’s lucrativeness in years to come. The market for metal bellows in the aerospace & defense industry is estimated to rebound at a healthy CAGR of 6.8% over the next five years to reach US$ 281.1 million in 2025.
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Based on the material type, the market is segmented as titanium alloys, stainless steel alloys, nickel alloys, and others. Titanium alloys are likely to remain the most dominant material type over the next five years. Growing composites content in the next-generation aircraft, such as B787 and A350XWB, is the prime factor behind the increased demand for titanium alloys in the industry. Titanium alloys offer excellent coefficient of thermal expansion with composite materials including carbon composites along with other benefits including corrosion resistance.
Based on the joint type, the market is segmented into gimbal joints, angular joints, universal joints, and others. Gimbal is likely to remain the most dominant joint type during the forecast period, owing to its superior properties such as flexibility without compromising weight or pressure drop. They smoothly absorb pressure thrust and provide angular flexibility all-round. They are extensively used in the bleed-air ducts and environmental control systems (ECS).
Based on the platform type, the A&D metal bellows market is segmented as commercial aircraft, regional aircraft, general aviation, military aircraft, helicopter, and UAV. Despite a downfall in aircraft deliveries in 2019, and a severe decline in 2020 (due to COVID-19 outbreak), commercial aircraft is likely to maintain its dominance in the coming five years. B737 including Max, A320 family including neo, B787, and A350XWB are the biggest contributors to the demand for metal bellows in the commercial aircraft segment. Upcoming aircraft programs/variants, such as C919 and MC-21, and B777x, are further likely to substantiate the demand for metal bellows in the segment in the long run.
Based on the application type, the market is segmented as engine, airframe, and others. Engine is likely to remain the most dominant application type during the forecast period, owing to extensive usage of metal bellows in aircraft engine hydromechanical fuel controls, aneroid for environmental control systems, nacelle, fuel drain seals, engine gearbox seals, etc.
Despite being worse hit by the pandemic, among regions, North America is expected to remain the largest market during the forecast period. Post pandemic, the USA is expected to rebound quickly and will act as the growth engine of the region’s market. The country is marked by the presence of a large number of aircraft OEMs, tier players, metal bellow suppliers, and raw material suppliers.
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Asia-Pacific, a relatively small market, is likely to heal up with 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 and Mitsubishi SpaceJet); rising aircraft fleet size; and increasing military expenditure by key countries such as China and India.
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-
Some of the Key Strategic Alliances in the market:
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. 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 multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, 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.
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Research Scope |
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Trend & Forecast Period |
2014-2025 |
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Forecast |
6.8% CAGR During 2020-2025 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Countries Covered |
The US, Canada, Mexico, Germany, France, The UK, China, Japan, Australia, Middle East, Latin America and Others |
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Figures & Tables |
>150 |
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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
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This 262-pages strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s A&D metal bellows market realities and future possibilities for the forecast period of 2020 to 2025. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for metal bellows at the global, regional, as well as country level. Also, the report provides the possible loss that the industry may register by comparing pre-COVID and post-COVID scenario. The vital data/information provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
The following are the key features of the report:
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 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 at [email protected]
The A&D metal bellows market is expected to witness an impressive growth of 6.8% CAGR During 2020-25.
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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