Market Overview:
The global elastic vessel bellows market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for elastic vessel bellows in various applications, such as automotive, industrial, aerospace and others. In addition, the growing demand for lightweight and compact components is also contributing to the growth of this market. Based on type, brass bellows are expected to account for a major share of the global elastic vessel bellows market during the forecast period from 2018 to 2030. This can be attributed to their high strength-to-weight ratio and corrosion resistance properties. Based on application, automotive is expected to account for a major share of the global elastic vessel bellows market during the forecast period from 2018to 2030.
Product Definition:
An elastic vessel bellows is a device composed of one or more metal plates that are hinged along one edge and sealed together at the other. The plates are forced apart by air pressure on one side and drawn together by atmospheric pressure on the other, providing a means of moving fluid or gas. Elastic vessel bellows find use in a variety of applications where pressurized fluid or gas needs to be conveyed, such as in hydraulic systems, pneumatic systems, and steam engines.
Brass Bellows:
Brass bellows is a metal alloy of copper and zinc with high thermal stability. It has the ability to withstand high temperature, which makes it suitable for manufacturing elastic vessel bellows. The material also provides flexibility at low temperatures, making it ideal for manufacturing rubber hose and other products that require stretchability.
The global brass bellows market size was valued at USD 575 million in 2016.
Bronze Bellows:
Bronze bellows are used in elastic vessel bellows market. These bronze-made components are utilized to create the seal around the rubber or plastic hose and they have a significant role to play as it prevents water from getting into contact with hot surfaces of the engine.
The demand for these products is increasing rapidly on account of growing number of industries that require them for cooling systems including automotive, oil & gas, power generation, petrochemical and aerospace among others.
Application Insights:
The automotive application segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The use of these products in automobiles has become mandatory as they help maintain consistent pressure levels inside tires, thereby ensuring better performance and durability.
Elasticity of these products helps reduce tire rolling resistance while maintaining consistent air pressure levels across different tires thus reducing fuel consumption and increasing fuel efficiency by approximately 3%. These factors are anticipated to drive their demand from various end-use industries including automotive over the coming years. In addition, growing penetration of electric vehicles is expected to further propel product demand from the automotive industry over the forecast period owing to its ability to provide uniform air flow without creating any vibrations or sound within vehicle structures.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 60% in 2017 owing to high product demand from various end-use industries, such as automotive, industrial machinery, aerospace equipment and others. In addition, increasing foreign investments coupled with favorable government policies are anticipated to boost manufacturing activities across the region which will further drive product demand.
Europe was estimated at USD X million in 2017 and is projected to expand at a CAGR of XX% from 2018 to 2030 due rising awareness regarding health & safety standards coupled with stringent regulations by regulatory bodies like Health & Safety Executive (HSE), European Agency for Safety Cooperation (EUROJUST) etc.
Growth Factors:
- Increasing demand for miniaturization in various industries
- Growing popularity of vacuum technology in various applications
- Technological advancements in elastic vessel bellows design and manufacturing process
- Rising demand from end-use industries such as automotive, aerospace, and medical devices
- Growing adoption of elastic vessel bellows in new applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Elastic Vessel Bellows Market Research Report
By Type
Brass Bellows, Bronze Bellows, Stainless Steel Bellows
By Application
Automotive, Industrial, Aerospace, Others
By Companies
Witzenmann, BOA Group, Senior, AEROSUN-TOLA, Jiangsu Shuguang, MIRAPRO, Flexider, Hyspan, Technoflex, Penflex, Witzenmann, Duraflex, Weldmac
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Elastic Vessel Bellows Market Report Segments:
The global Elastic Vessel Bellows market is segmented on the basis of:
Types
Brass Bellows, Bronze Bellows, Stainless Steel Bellows
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Industrial, Aerospace, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Witzenmann
- BOA Group
- Senior
- AEROSUN-TOLA
- Jiangsu Shuguang
- MIRAPRO
- Flexider
- Hyspan
- Technoflex
- Penflex
- Witzenmann
- Duraflex
- Weldmac
Highlights of The Elastic Vessel Bellows Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Brass Bellows
- Bronze Bellows
- Stainless Steel Bellows
- By Application:
- Automotive
- Industrial
- Aerospace
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elastic Vessel Bellows Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elastic Vessel Bellows are a type of bellows used to create or increase the volume of air in an enclosed space. They are made from two elastic sheets that fit inside each other and are attached at one end by a hinge. When the pressure is applied to the ends of the sheets, they expand and force air into or out of the enclosure.
Some of the major companies in the elastic vessel bellows market are Witzenmann, BOA Group, Senior, AEROSUN-TOLA, Jiangsu Shuguang, MIRAPRO, Flexider, Hyspan, Technoflex, Penflex, Witzenmann, Duraflex, Weldmac.
The elastic vessel bellows market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elastic Vessel Bellows Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elastic Vessel Bellows Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elastic Vessel Bellows Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elastic Vessel Bellows Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elastic Vessel Bellows Market Size & Forecast, 2020-2028
4.5.1 Elastic Vessel Bellows Market Size and Y-o-Y Growth
4.5.2 Elastic Vessel Bellows Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Brass Bellows
5.2.2 Bronze Bellows
5.2.3 Stainless Steel Bellows
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Industrial
6.2.3 Aerospace
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elastic Vessel Bellows Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elastic Vessel Bellows Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Brass Bellows
9.6.2 Bronze Bellows
9.6.3 Stainless Steel Bellows
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Industrial
9.10.3 Aerospace
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Brass Bellows
10.6.2 Bronze Bellows
10.6.3 Stainless Steel Bellows
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Industrial
10.10.3 Aerospace
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Brass Bellows
11.6.2 Bronze Bellows
11.6.3 Stainless Steel Bellows
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Industrial
11.10.3 Aerospace
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Brass Bellows
12.6.2 Bronze Bellows
12.6.3 Stainless Steel Bellows
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Industrial
12.10.3 Aerospace
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Brass Bellows
13.6.2 Bronze Bellows
13.6.3 Stainless Steel Bellows
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Industrial
13.10.3 Aerospace
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elastic Vessel Bellows Market: Competitive Dashboard
14.2 Global Elastic Vessel Bellows Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Witzenmann
14.3.2 BOA Group
14.3.3 Senior
14.3.4 AEROSUN-TOLA
14.3.5 Jiangsu Shuguang
14.3.6 MIRAPRO
14.3.7 Flexider
14.3.8 Hyspan
14.3.9 Technoflex
14.3.10 Penflex
14.3.11 Witzenmann
14.3.12 Duraflex
14.3.13 Weldmac
