MarketResearch.biz has recently published its market research report titled, “Global Metal Bellows Market by Product Type, by Application, and by Region/ Country (US, Europe, Japan, China, India, Southeast Asia, and Rest of the World) – Global Forecast from 2020 to 2029”. The report provides an in-depth analysis of the global metal bellows market. It is through exhaustive and systematic research efforts as well as ideal segmentation that the research results have been presented over the study period. In addition, the report provides the first five-year cumulative revenue (2020–2024), which is expected to be valued at over US$ 1Billion, and this is projected to increase significantly over the latter part of the forecast period.
Metal bellows are used for a wide range of engineering purposes. Metal bellows have an important role in controlling pressure, motion, and vacuum. In addition, metal bellows are used in a wide range of applications related to machine assemblies and components. Metal bellows are also used to convert pressure, mechanical, and temperature changes to rotational and linear motion. Moreover, metal bellows are utilized in a wide range of applications such as marine, power generation, engine exhaust systems, oil and gas, water treatment, and automotive applications. Many techniques, such as edge welding, hydroforming, and electrodeposition, are used to manufacture metal bellows. These techniques have both advantages and disadvantages.
Browse the full “Global Metal Bellows Market by Product Type, by Application, and by Region/ Country (US, Europe, Japan, China, India, Southeast Asia, and Rest of the World) – Global Forecast from 2020 to 2029” report at https://marketresearch.biz/report/metal-bellows-market/
Global Metal Bellows Market: Market Dynamics
The major factors driving growth of the global metal bellows are increasing disposable income and growing inclination of consumers towards adopting improved lifestyle, which is driving demand for automotive and non-automotive sectors. Another factor driving growth of the global market is increasing demand for power generation and water treatment, especially in developing nations such as India and China. In addition, stringent regulations from governments regarding safety of factories are expected to drive growth of the market over the forecast period. Metal bellows are reliable and have various applications in piping and safety valves. These factors are expected to drive growth of the global market over the forecast period. In addition, metal bellows are used in different industries including manufacturing, power generation, automotive, water treatment, mining and, wind power. This wide use of metal bellows is projected to further drive demand for the product in the global metal bellows market over the forecast period.
Global Metal Bellows Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global metal bellows market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global metal bellows market is expected to register a CAGR of 4.1% over the forecast period.
Global Metal Bellows Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region/ country. The product type segment includes Non-Ferrous-Brass, Non-Ferrous-Beryllium bronze, Stainless steel, Other Product Types. The application segment includes automotive and non-auto motive. The regions/ countries include the US, Europe, China, India, Japan, Southeast Asia, and Rest of the World.
Product Type: The stainless steel segment is expected to account for the highest revenue share as compared to other segments. The segment is projected to register highest CAGR of over 4.2%.
Application: The automotive segment is expected to record highest revenue share in the global market as compared to other segments, and is projected to register highest CAGR of over 4.1%
Region/ Country: The market in China is expected to record largest revenue share in the global metal bellows market. The market in China is projected to register the highest growth rate of more than 4.7% over the 10-year forecast period.
Global Metal Bellows Market: Competitive Analysis
The research report on the global metal bellows market includes profiles of some of the major companies such as Witzenmann GmbH, Senior plc (Senior Flexonics), GEA Group, Penflex Corp, BOA Holding GmbH, EagleBurgmann GermanyGmbH & Co. KG, Hyspan Precision Products, Inc, Weldmac Manufacturing Company, Triad Bellows Design & Manufacturing Inc, Technoflex Corporation, KSM Component Co., Ltd, Duraflex Inc., Microflex Inc., and US Bellows Inc.
“Global metal bellows Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2020–2029” report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global metal bellows market for 2020–2029.
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