Stratview Research delivers key insights on the Metal Bellows market in its latest report titled Metal Bellows 2022 - 2028. According to the report, the global Metal Bellows market is anticipated to expand at a CAGR of 4.6% in terms of value during the forecast period due to various factors.
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It is the most comprehensive report available on this market and will help users gain a global outlook as it covers 360degree Metal Bellows Market shares, detailed analysis of growth rate among various segments including demand -supply scenario, etc. The regional and country segmentations give in-depth analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth and highlights important trends and strategies that players in the market can adopt.
Impact of COVID-19 on Metal Bellows Market
With COVID-19, the world is battling a health pandemic as well as an economic pandemic, virtually affecting trillions of dollars of incomes. Stratview Research brings to you high level insights and in-depth details related to rapid modifications in top companies in each sector, growth and decline due to COVID-19, etc. The analysts at Stratview Research are constantly engaging with their clients and other key players of almost all the industries, regarding the impact of COVID-19 on their businesses.
Some of the major players operating in the global Metal Bellows market are-
Freudenberg Group (EagleBurgmann)
Eaton Corporation Inc.
U.S. Bellows, Inc.
Smith Group Plc (John Crane)
MW Industries, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Metal Bellows Market value and growth drivers over the trend period of 2022-27. According to the report -
The impact of such trends was quite visible on the sales of metal bellows in those industries. Overall, the metal bellows market witnessed a massive double-digit decline in 2021, creating a lag of 4 to 5 years. The market is expected to witness a strong come-back from 2021 onwards, followed by sequential growth in succeeding years, helping the industry stakeholders to reach the landmark figure of US$ 1.0 billion by 2026.
Based on Material Type:
The metal bellows market is segmented based on the material type as titanium alloys, stainless steel alloys, nickel alloys, and others. Titanium alloys are likely to remain the most dominant material type and are likely to witness the highest growth over the next five years. Growing composites content in the aerospace industry supported by excellent compatibility of titanium with composites, increasing penetration of lightweight materials, growing usage of titanium alloys in the high-end cars to reduce weight and to gain high strength, and desirable properties of titanium concerning corrosion resistance and thermal expansion are some of the factors behind the superior growth of titanium alloys in the market.
Based on Region:
In terms of region, Asia-Pacific is projected to remain the largest and fastest-growing market for metal bellows during the forecast period. China and Japan are the major markets of the region. North America and Europe are also projected to generate a sizeable demand for metal bellows during the forecast period. The USA is the growth engine of the North American metal bellows market. The country is the hub for the aerospace industry with the presence of several aircraft OEMs, metal bellow suppliers, and raw material suppliers. Similarly, Germany, France, the UK, and Russia are the major markets in Europe.
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Critical Questions Answered in the Report
- What are the key trends in the global Metal Bellows market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
- What is the impact of COVID-19 on global Metal Bellows market?
- What are the key strategies adopted by the major vendors to lead in the global Metal Bellows market?
- What is the market share of the top vendors?
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