Manufacturing of metal bellows with high ratio of crown to root diameter is very sensitive to design parameters, because of bursting possibilities. In this work, a process is introduced in which metal bellows are manufactured from tubes using bulging and folding processes. After the folding process, internal pressure, axial force, and annular plate dies are removed and the length of the bellows is increased with spring back. The quality of the final product depends on spring back, crown diameter, and thickness distribution. The main design parameters, which affect the quality of the products are internal pressure, die course, and axial feeding. In this work, a parametric study was performed, using a commercial explicit finite element code and the effects of the main design parameters on the quality of the product is studied. Then, the design parameters leading to a product with acceptable quality were obtained numerically. Finally, an experiment was conducted to produce the metal bellows. The numerical and the experimental result showed very close agreements.