In the report, Future Market Insights (FMI) offers insights into both shortcomings and forthcomings of the Metal Bellows market. It outlines the growth curve of the global Metal Bellows market. The study provides information on hidden opportunities and share held by various segments within market. It presents outlook for the market for the period between 2021 and 2031. The report offers granular assessment of key growth drivers, promising avenues, and competitive landscape of the global Metal Bellows market.
Key statistics and information, in terms of value and volume, is covered in the report. It offers in-depth insights into factors driving growth in established and emerging market. It studies the competitive landscape in details to help players with necessary insights to navigate through potential challenges.
Over the past decade, consumer products have been advancing with the emergence of digitization across the globe. With the change in consumer preference towards online markets, companies are changing their go-to market strategies and capabilities in response.
Industry players are adjusting themselves according to the ‘digital age’ and are increasing their reliance on online channels as a mean to attract consumers. Penetration of e-commerce in consumer products industry has brought quite remarkable changes through various digital platforms. The market report study gives detailed views on the current situation.
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Understanding the Impact of Covid-19 on Global Metal Bellows Market
The recent outbreak of the COVID-19 has adversely affected various markets in the consumer products industry. Penetration of Artificial Intelligence and Big Data Science in the industry is expected to have a positive impact on the market.
Following government’s measures, consumers are practicing social distancing. Consequently companies operating in the Metal Bellows market had to adjust to a new normal of operating through digital means. Additionally, movement restrictions and supply chain disruptions have created impressive growth opportunities for the e-market players.
The FMI’s report provides an interesting chapter on preliminary impact of the COVID-19 on the Metal Bellows market. This allows both leading and emerging key players to understand the market scenario and aid them to tackle the challenges during the crisis.
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Metal Bellows Market: Competitive Landscape
Some of the leading stakeholders in the global metal bellows market include
- EnPro Industries Inc.
- EagleBurgmann KE
- Meggitt PLC
- U.S. Bellows Inc.
- KSM Corporation
- Technoflex Corporation
- BOA Holding GmbH
- Freudenberg Group
- MW Industries
- Smith Group
- Hyspan Precision Products Inc
- Meggitt PLC
- Witzenmann GmbH
- Triad Bellows
- Duraflex Inc.
In August 2018, MW Industries, Inc. (MWI) – one of the world’s premier manufacturers of products that make machines, engines, and complex sub-assemblies, based in the United States – announced that it has completed the acquisition of Ameriflex, Inc. – a leading manufacturer of superior quality precision metal bellows, flexible metal hose, flanges, and other products for vacuum applications.
After the acquisition of two companies – Servometer and BellowsTech, MW’s acquisition of Ameriflex is expected to help the company expand the portfolio of its metal bello products and technologies. With this acquisition, the company aims to offer the most complete portfolio of these products in the metal bellows market.
In July 2019, Parker-Hannifin Corporation – an American corporation specializing in motion and control technologies – announced that it has agreed to acquire Exotic Metals Forming Company LLC – a company that provides metal bellows, sheet metal designs, flex joints, and aircraft equipment.
The company also stated that the acquisition will be completed at the net transaction of US$ 1.56 billion. With the acquisition, Parker-Hannifin is aiming to reinforce its strategy of moving towards its goal of achieving top-quartile performance – financially – among its diversified industrial peers, by investing in attractive-margin and high-growth businesses.
Metal Bellows Market: Segment Analysis
The metal bellows market can be segmented on the basis of the following:
- Conventional Boilers
- Gas Turbines
- Fuel Gas Duct Systems
- Engine Exhaust System
- Steam Turbines
- Others (Filtration, Scrubbers, HRSG’s)
- Ship Power and Ship Building
- Water treatment and Wastewater
- Power Generation
- District Heating
- Pulp and Paper Plants
- Steel Mills
- Wind Power
- Others (Chemical and Petrochemical Plants, Desulphurization Plants)
Crucial Questions Answered in the Metal Bellows Market Report
- What are some of the latent areas of investments in the global Metal Bellows market?
- Which region is expected to emerge as the most attractive market during the forecast period?
- What trends are likely to change the status quo of the positions held by prominent players in the Metal Bellows market?
- What are the unique strategies adopted by Metal Bellows market players to stay dominant in the industry?
- What are the challenges the global Metal Bellows market is expected to witness in the forecast period?
Key Offerings of the Report
- Growth Drivers and Challenges: Comprehensive analysis on growth-driving factors and challenges for market players in different regions
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmentation Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Comprehensive analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive details on both leading and emerging players vying for a slice of the Metal Bellows market