According to the new research report published by The Insight Partners, titled “Earplug Market - Global Analysis and Forecast to 2025”, the global earplug market is expected to reach US$ 1,331.6 Mn in 2025, registering a CAGR of 10.4% during the forecast period 2018 to 2025.
By 2025, APAC is estimated to be the fastest growing region during the forecast period 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. Furthermore, momentous rise in the count of employees in construction as well as manufacturing industry has also contributed to the growth of earplugs market globally. Government regulations regarding occupational noise control and use of HPD after a certain limit of sound production in industries has resulted in widespread awareness regarding the importance of usage of hearing protection devices, particularly in noise induced industries. 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.
The market initiative and new development was observed as the most adopted strategy in global earplug market. For instance, in 2018, Honeywell presented a cost-effective method for the companies to enhance output and regulatory compliance through connecting the inventories of personal protective equipment (PPE) by cloud-based Safety Suite software and RFID electronic tags of Honeywell. Similarly, McKeon showcased new Flightguard Airplane Pressure Relief Earplugs develop to provide flyers a comfortable flight experience. The earplug is designed by hearing protection specialists, its performance has been proven by independent engineering assessments and extensive consumer testing. In 2017, 3M and U.S. Army to deliver hearing protection for soldiers. 3M’s personal safety division received an initial order for over 6,500 devices including 3M PELTOR TEP-100 Tactical Earplug Kits and 3M PELTOR COMTAC III ACH Communications headsets. Installment of Tactical Communications and Protective Systems (TCAPS) is to be directed by PEO Soldier. Various other earplug manufacturers are operating in the market, which also focus on different strategic initiative to boost their business as well as market value.
Geographically, the Asia Pacific region is slated to account for majority share in the market followed by North America and Europe. In next 5-8 year the Asia Pacific region is also expected to the largest revenue generating region for the earplugs market. The growth in Asia Pacific is attributed to the increasing investment in manufacturing industries, and various rapidly developing industries leading to further growth in construction sector. The South America and MEA region are also possessed to provide some growth opportunities to the earplugs market. Asia Pacific region is also estimated to lead the earplug market during the forecast period with an influential CAGR.
Key findings f the study:
The global earplug market has been segmented on basis of four parameters; types, application, end user and end users. The market is broken down on the basis of types as silicon earplug, custom molded earplug, foam earplug, and flanged earplug; by application as sleeping, noise reduction, swimming, travel, other. Based on end user the market is categorized into manufacturing, construction, military, forestry, healthcare, mining, entertainment, and others. On the basis of geography, the earplug market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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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