Metal bellows are flexible parts used in a variety of industrial applications when pressure is supplied from the other side of an elastic vessel and compression is expected.
Metal bellows are designed to compress or expand when pressure is applied, then return to their original shape when the pressure is released.
Their convolution shape and thickness are designed according to the temperature and pressure range, as well as pipe capacity because they are most typically employed in piping applications.
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In cases where pipes expand due to increases in temperatures, metal bellows act as resistance by limiting the compression by force. Metal bellows are commonly used in various industries such as manufacturing, water treatment, mining, automotive, power generation, and wind energy generation.
Though the global metal bellows market is characterized by stringent governmental regulations, end-user preference for metal bellows over its other alternatives is expected to boost the profitability of manufacturers across various regions.
Demand for Metal Bellows in Aerospace & Defense Industry to Grow Strong
The adoption of metal bellows in a wide range of end-use industries such as automotive, semiconductor, oil & gas, and pharmaceuticals is significantly high, which is mainly driving the metal bellows market.
However, the demand is relatively higher in the aerospace & defense industry, and this is mainly influencing the growth prospects of the global metal bellows market.
In the past two years, the aerospace & defense industry witnessed a major downfall in commercial aircraft manufacturing and deliveries, which is mainly attributed to the worldwide outbreak of the novel coronavirus. However, the demand for metal bellows in the industry remained fundamentally strong as leading players in the aerospace industry.
Global leaders such as Airbus and Boeing, are known to be holding a significantly large backlog of orders, and this is currently holding up the production activities for these players.
In addition, the industry is witnessing a growing number of new original equipment manufacturers (OEMs) entering the landscape, along with the rising development of fuel-efficient alternatives for conventional elements of commercial aerospace products.
This indicates that the adoption of metal bellows in the global aerospace & defense industry will further bolster the growth of the global metal bellows market in the coming years.
Metal Bellows Market: Region-wise Analysis
Based on the geographical factors, the metal bellows market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.
According to different geographies and specific geopolitical factors, the market for metal bellows is expected to witness incremental growth in the Asia Pacific region.
The region plays an important role in the supply chain operations as most manufacturers have their production centers in developing Asian countries such as China and South Korea. In addition, increasing presence of raw material suppliers, retailers, and metal bellow manufacturers in the region further amplifies the growth potential of the Asia Pacific metal bellows market.
On the other hand, developed regions including North America and Europe, are also expected to create sizable demand for metal bellows with the increasing growth of the market. Developed countries such as the United States along with some countries in Western Europe – Germany, France, and Spain, are expected to contribute to the increasing growth of the global metal bellows market.
Due to the coronavirus outbreak, the metal bellows market in most Asian countries witnessed sluggish growth. However, countries such as China and South Korea are recovering fast from the pandemic, which is expected to revive the metal bellows market in these regions.
In the coming years, the growth prospects of the metal bellows market in Asia Pacific region are expected to improve in the coming years.
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Metal Bellows Market: Competitive Landscape
Some of the leading stakeholders in the global metal bellows market include
- Servometer
- 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
- Pebiflex
- 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.
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