Global Metal Bellows Market By Product Type (Non-Ferrous-Brass, Non-Ferrous-Beryllium Bronze, Stainless Steel and Other Product Types), By Application (Automotive, Non-Automotive) and By Region - Global Forecast 2030

Global Metal Bellows Market Overview:

The Global Metal Bellows Market was valued at UЅD $1,074.1 Мn in 2020, and is projected to achieve a valuation of UЅD $1,547.8 Мn by 2030, at a САGR of 4.4%.

Metal bellows are elastic vessels that can be compressed when pressure is applied to the outside of the vessel, or extended under vacuum. When the pressure of vacuum is released, the bellows return to their original state, provided the material has not been stressed past its yield strength.

Dynamics:

The steady increase in the demand for these components by the automotive industry, as well as in sectors such as power generation and water treatment, particularly in emerging economies such as China and India, are some primary factors expected to have a profound influence on the revenue growth of the global metal bellows market over the next 10 years. Moreover, the gradual spike in disposable incomes of individuals across the world is leading to an immense change in the lifestyles styles of these people. This is also a factor that is expected to further augment future market growth opportunities for this global industry.

Furthermore, the enforcement of stringent regulations concerning the safety standards that must be observed in various factories and other manufacturing environments, by various respective governing bodies, is also a factor that is anticipated to fuel additional opportunities of revenue growth for the global metal bellows market in the years to come.

However, in light of the recent COVID-19 outbreak, the operations of numerous industries have either been temporarily halted or are functioning with a minimal workforce due to enforced lockdowns and imposed restrictions by respective governing bodies. The global metal bellows market is no different, and this factor is anticipated to have an immensely negative impact on the revenue growth of this industry. Moreover, certain metals being used in the manufacture of metal bellow may reactive with certain acids or other fluids resulting in a hostile outcome. This is another factor that is slated to impact the revenue growth of the global metal bellows market in the near future.

Nonetheless, several key industry players are now focusing their respective efforts on developing several more applications in which metal bellows can be utilized for added safety. This is another factor that is anticipated to compliment the revenue growth of the global metal bellows market in the foreseeable future.

Segmentation of the Global Metal Bellows Market is as follows:

In terms of product, the stainless steel segment accounted for the maximum number of revenue shares of the global metal bellows market in 2020, and is expected to continue doing so over the forecast period. The non-ferrous-beryllium bronze segment is also anticipated to index a high CAGR over the next 10 years.

With regards to application, the automotive segment accounted for the highest number of revenue shares of the global metal bellows market in 2020, and is anticipated to continue to do so over the next decade. The non-automotive segment is also indicative of registering a high CAGR over the forecast period.

Regional/Countries Segmentation and Analysis:

The markets in China accounted for the maximum number of revenue shares of the global metal bellows market in 2020, and is indicative of remaining this industry’s front-runner over the next decade. The markets in Europe and the United States accounted for the second-, and third-most number of revenue shares in 2020, and are indicative of retaining their respective market positions over the course of the forecast period.

Segmentation of the Global Metal Bellows Market:

Segmentation by Product Type:

• Non-Ferrous-Brass
• Non-Ferrous-Beryllium Bronze
• Stainless Steel
• Other Product Types

Segmentation by Application:

• Automotive
• Non-Automotive

Segmentation by Regions:

• North America
• Europe
• APAC
• Latin America
• MEA