Abstract: A bellows pipe is manufactured, with an elastic body pinched between a collar and a stopper inside a raw pipe being deformed, by pressing the elastic body as to expand radially such that a circumferential portion of the pipe changes to an annular convex portion, pinching and compressing the annular convex portion by a chuck and a punch to form a bellows portion, and shifting the pipe a given distance while pinching the bellows portion by the chuck. A plurality of bellows portions are successively formed in the pipe by repeating the foregoing deforming steps.