Jul 13, 2021   SOURCE: BusinessWire

Global Aerospace & Defense Metal Bellows Market (2021 to 2026) - Featuring Alloys Precision Technologies, Eaton and MW Industries Among Others - ResearchAndMarkets.com

The "Aerospace & Defense (A&D) Metal Bellows Market Size, Share, Trend, Forecast, & Competitive Analysis: 2021-2026" report has been added to ResearchAndMarkets.com's offering.

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.

Companies Mentioned

  • Alloys Precision Technologies
  • Eaton Corporation Plc
  • EnPro Industries
  • Freudenberg Group
  • KSM Component Co. Ltd.
  • Meggitt Plc
  • MW Industries, Inc.
  • Senior Plc
  • U.S. Bellows, Inc.
  • Witzenmann GmbH

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.

Key Topics Covered:

1. Executive Summary

2. A&D Metal Bellows Market Overview and Segmentation

3. A&D Metal Bellows Market - The COVID-19 Impact Assessment

3.1. A&D Metal Bellows Market Trend and Forecast (US$ Million)

3.2. Pre-COVID vs Post-COVID Assessment

3.3. Real GDP Loss vs A&D Metal Bellows Market Loss (2020-2021)

3.4. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic

3.5. Market Segments' Analysis (US$ Million)

3.6. Regional and Country-Level Analysis (US$ Million)

3.7. Market Drivers

3.8. Market Challenges

4. Competitive Analysis

4.1. Insights

4.2. Product Portfolio Analysis

4.3. Geographical Presence

4.4. Competitive Benchmarking

4.5. Market Share Analysis

4.6. Porter's Five Forces Analysis

5. A&D Metal Bellows Market Trend and Forecast by Material Type (2015-2026)

6. A&D Metal Bellows Market Trend and Forecast by Product Type (2015-2026)

7. A&D Metal Bellows Market Trend and Forecast by Joint Type (2015-2026)

8. A&D Metal Bellows Market Trend and Forecast by Platform Type (2015-2026)

9. A&D Metal Bellows Market Trend and Forecast by Application Type (2015-2026)

10. A&D Metal Bellows Market Trend and Forecast by Region (2015-2026)

11. Strategic Growth Opportunities

11.1. Market Attractiveness Analysis

11.1.1. Market Attractiveness by Material Type

11.1.2. Market Attractiveness by Product Type

11.1.3. Market Attractiveness by Joint Type

11.1.4. Market Attractiveness by Platform Type

11.1.5. Market Attractiveness by Application Type

11.1.6. Market Attractiveness by Region

11.1.7. Market Attractiveness by Country

11.2. Emerging Trends

11.3. Growth Matrix Analysis

11.4. Strategic Implications

11.5. Key Success Factors (KSFs)

12. Company Profile of Key Players

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