Metal Bellows Market Targets US$ 3,550 Million with a Striking 6% CAGR Through 2032 | Future Market Insights Inc.

Germany sees rising metal bellows use in cars. China faces challenges with low-quality options. India's market expands as players adopt cost-effective.

NEWARK, DELAWARE, UNITED STATES OF AMERICA, November 21, 2023 /EINPresswire.com/ -- As per Future Market Insights (FMI), the global metal bellows market stands at US$ 1,968 million as of now and is expected to reach US$ 3,550 million by the year 2032 at a CAGR of 6% between 2022 and 2032.

Bellows come through as ‘flexible seats’, mainly due to the fact that they have a pretty predictable spring rate due to elasticity. The manufacturing sector couldn’t be imagined without bellows, especially in flexible joints, vacuum seals, accumulators, and likewise. Welded bellow holds the largest market share due to better spring rate, resistance against chemicals, leak rate stroke, and likewise.

Metal bellows are capable of easily absorbing thermal and mechanical movement, and have a longer life-span. They are well-known for safeguarding against higher temperature. The tensile strength possessed by metal bellows is unparalleled. Those dealing with pipe joints prefer metal bellows as they help in curbing movement caused due to equipment movement, thermal fluctuation, and pressure pulsation or vibration.

Metal bellows are being preferred in traditional boilers, expansion joints, gas turbines, fuel gas duct systems, mechanical seals, thermal expansion tanks, engine exhaust systems, and steam turbines.

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At the same time, it needs to be noted that metal bellows are not conducive to the food & beverage vertical, basically due to the fact that the convolutions of bellows result in bug traps, which is actually tough to clean at the time of operational processes. Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Metal Bellows Market’.

Key Takeaways from Metal Bellows Market

North America holds a significant market share and is expected to continue with the winning streak even in the forecast period. This could be attributed to an increasing usage of metal bellows by the aerospace and defense vertical.

Europe is expected to witness steadiness in the metal bellows market due to rising demand for welded bellows in marine and aerospace industries. Italy and Germany lead from the front. As per Germany Trade and Invest, the second biggest sector all across Germany is the machinery and equipment one.

The Asia-Pacific is expected to grow at the fastest rate in the metal bellows market. This could be reasoned with spike in demand for metal bellows in power & energy, military & defense, automotive, aerospace, and petrochemical vertical. Indian Automobile Manufacturers have mentioned that passenger vehicles’ trade did increase by ~2% in the year 2019.

Key Players

Servometer
EnPro Industries Inc.
EagleBurgmann KE
Meggitt PLC
USA Bellows Inc.
KSM Corporation
Technoflex Corporation
BOA Holding GmbH
Freudenberg Group
MW Industries
Smith Group
Hyspan Precision Products Inc
Meggitt PLC
Pebiflex
Witzenmann GmbH
Triad Bellows
Duraflex Inc.
Others

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Competitive Landscape

MW Industries, Inc., in June 2018, completed acquisition of the US-based Bellowstech (manufacturing edge welded metal bellows). The former makes provisions for springs, fasteners, and various critical components to cater to aerospace applications. It’s important to note that the company is ISO 9001-certified regarding components.

FlexEJ, in April 2022, did complete designing and fabricating an entire batch comprising metal expansion joints for a manufacturer of pharmaceuticals based out of the UK.

FlexEJ, in September 2021, completed acquisition of Safetech (a leading manufacturer of rubber bellows).
MW Industries, Inc., in 2018, acquired Ameriflex, Inc. (a prominent manufacturer of precision metal bellows, flanges, flexible metal hose, and various other products).

“In spite of metal bellows being subject to strict regulations, the end-users prefer them due to the advantages offered over their counterparts. This factor is expected to boost the metal bellows market in the near future”, Opines Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights (FMI).

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Global Metal Bellows Industry by Category

By Product Type:

Formed
Electroformed
Welded

By Material:

Titanium Alloys
Stainless Steel Alloys
Nickel Alloys
Others

By End-Use Industry:

Aerospace & Defence
Automotive
Power Generation
Water Treatment
Oil & Gas Refining
Heavy Manufacturing
Light Manufacturing
Others

By Application:

Conventional Boilers
Gas Turbines
Fuel Gas Duct Systems
Engine Exhaust System
FCCU’s
Steam Turbines
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

What does the Report Cover?

The research study is based on product type (formed, electroformed, and welded), by material (titanium alloys, stainless steel alloys, nickel alloys, and likewise), by end-use industry (aerospace & defense, automotive, power generation, water treatment, oil & gas refining, heavy manufacturing, light manufacturing, and likewise), and by application (conventional boilers, gas turbines, fuel gas duct systems, engine exhaust system, FCCU’s, steam turbines, and likewise).

With metal bellows being increasingly adopted by end-use verticals like semiconductor, automotive, oil & gas, aerospace, and pharmaceutical verticals, the global metal bellows market is slated to witness an astounding growth going forward.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Ankush Nikam
Future Market Insights, Inc.
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