The arbitrarily-bended pipe is widely used in a heat exchanger system. Thus, the pipe bending process has important role in performance and productivity of heat exchanger system. The purpose of this study is to investigate the bending process for manufacturing of sound pipe. And, the spring-back effect and the variation of pipe thickness should be controlled effectively. The change of spring-back ratio and the thickness variation of pipe according to the change of bending radius, bending angle and pipe thickness are analyzed by FEM analysis. The analytic results are compared with the experimental data, accordingly the results show good agreement. The method of the analysis can be applied for manufacturing of precision bended pipe.