Earplug Market Is Estimated valued at US$ 1331.6 Mn by 2025 from US$ 612.5 Mn in 2017
This research report provides insights into the “Earplug Market.” This report summarizes the results of the assessment carried out by The Insight Partners in the field of the Benefits Management Platform for the global perspective. The report provides an analysis of the Benefits Earplug Market by deployment, application, and geography.
The report provides the current market size for the Earplug
Market, defines trends, and presents growth forecasts for nine years from 2022
to 2028. 2020 is considered as the base year, and 2022 to 2028 is the forecast
year for the entire report. All the market numbers for revenue are provided in
US dollars. The market is analyzed by the supply side, considering the market
penetration of Benefits Management Platform for all the regions globally.
Occupational noise exposure has recorded to cause approximately
7-21% of hearing loss among the workers, and therefore Noise Induced Hearing
Loss (NIHL) has become a noteworthy health issue with economic consequences
globally. The significant rise in NIHL by occupational noise is thus known to
influence the growth of Hearing Protection Devices (HPD) such as earplugs, in developing
as well as developed regions.
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The research report focuses on the current Earplug market trends,
opportunities, future potential of the market, and competition in the Benefits
Management Platform in North America, Europe, Asia-Pacific, Middle East &
Africa, and South America. The study also provides market insights and analysis
of the Benefits Management Platform, highlighting the technological market
trends, adoption rate, industry dynamics, and competitive analysis of major
players in the industry.
However, not all employees/workers in the industries are adaptive
towards the earplugs as the regular foam disposable earplugs do not provide
satisfactory comfort, and the cost associated with making of custom molded
earplugs for each and every employee is practically not possible, especially
for large enterprises. The lack of proper education for usage and importance of
earplugs along with relatively higher cost of custom molded earplugs are
therefore expected to impede the market growth during the forecasted period.
Key
findings f the study:
- From a
growth perspective Japan in Asia-Pacific region is anticipated to witness
the most lucrative CAGR growth rate of 15.7% during the forecast period
- Manufacturing
segment accounted for the largest market share in 2017, and the same is
anticipated to be the fastest growing segment in earplug market during the
forecast period.
- Noise
reduction in the application segment dominated the earplug market in 2017,
and also is expected to create lucrative business opportunities
- Foam
earplug segment is the most prominent type of end user, however, the
silicon segment is anticipated to drive the businesses of market players
operating in earplug market.
Some of the major players identified across the earplugs market
are 3M Company, McKeon Products, Inc., Protect Ear USA Westone Laboratories, Moldex-Metric,
Inc., McCordick Glove & Safety, Honeywell International Inc., Dynamic Ear
Company, UVEX Winter Holding GmbH & Co. KG, and Liberty Glove & Safety
Inc.
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