Metal Bellows Market Segmentation:
Material Segment Analysis
Based on material, stainless-steel alloys segment is anticipated to hold 58% share of the global metal bellows market by 2035. Global demand is rising as a result of the widespread availability of welded stainless-steel metal bellows and their resistance to low temperatures. Bellows made of stainless steel are ideal for use in power transmission systems, industrial controllers, and electrical interrupters because of their natural flexibility and resistance to pressure. Global production of stainless steel was estimated to be 55.3 million metric tons in 2022.
End Use Segment Analysis
Based on end use industry, aerospace & défense segment is expected to hold 60% share of the global metal bellows market by 2035. In aerospace applications, metal bellows are essential, especially for fuel systems, environmental control systems, and aircraft engines. Passengers' increasing desire for air travel has resulted in a substantial increase of the aerospace sector. The requirement for new aircraft has surged due to the rising demand for air travel, which in turn has raised demand for high-performance and dependable parts like metal bellows. According to a PwC research, the aerospace and defense sector reported revenues of USD 741 billion in 2022 a mere 3% increase from 2021 and USD 67 billion in operating profit an 8% increase.
Our in-depth analysis of the global metal bellows market includes the following segments:
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