Global Earplug Market was valued at valued at US$ 1331.6 Mn by 2025 from US$ 612.5 Mn in 2017

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.

Rising incidences of the noise induced hearing loss across the industries, has raised the concern among the global government authorities regarding the health of the young population. OSHA is a global agency that regulates occupation health and safety for the workers. According to OSHA, 22 Mn workers globally are daily exposed to potentially damaging noise at work. To avoid these incidences, the government has also levied penalties for the industries and organizations that do not follow the stated regulations. In the year 2016, companies in U.S had paid more than US$ 1.5 Mn of penalty for not protecting their workers from noise, whereas US$ 242 Mn was spent till date on the compensation for hearing loss disability. The rising strictness by the OSHA for amendment of rules and regulations is expected to drive the adoption of hearing protection equipment, particularly earplugs globally, which is anticipated to catalyze the growth of earplug market.

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The global manufacturing sector has undergone a dramatic change in last decade, where the large developing economies have leaped to be among the top and preferable manufacturing destinations. Although the industry had suffered through severe recession leading to off demand, coupled with great fall in manufacturing employment in advanced economies, the industry pertained to remain critically important to both the advanced as well as developing countries. Further as the requirement for hearing protection remained amongst the high priorities in the industry, thus boosting the growth of earplug market in the coming years. The manufacturing sector at the same time also registers itself for one of the largest amount of penalties paid and for citations. The rising influence of OSHA for hearing conservations in the manufacturing industries is expected to impact positively on the businesses of manufacturers operating in earplug market.

Earplug market by type is categorized into four major categories including silicone, custom molded, foam and flanged earplugs. Regardless of the material used, and manufacturing process, the basic characteristics required to ensure smooth functioning of sound attenuation is similar for each earplug. The adoption of these earplugs largely depends on the comfort quotient. As majority of the users wear earplugs for four to nine hours, the comfort offered by these earplugs is a prime factor driving the adoption of earplugs. Second key consideration by the users is the price and durability, some of the earplugs are highly economical, but have low durability and comfort. Silicon segment is the fastest growing type segment in earplug market and is expected to grow at a prime CAGR during the forecast period.

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The application segment in earplug market include sleeping, noise reduction, swimming, travel and others. Although, earplugs serve the sole purpose of sound attenuation its usage are varied. The earplugs are used for various events/activities, for instance the flanged earplugs are mainly used by swimmers and divers, the silicone and custom molded are used for sleeping and other personal uses (musicians, hunters and shooters). The use of earplugs for the purpose of noise reduction dominates the market because, majority of the revenue for the earplugs market is generated by the industries that buy these earplugs in bulk and frequently for the purposes of noise reduction. Also the segment in the earplug market is expected to surge at an exponential rate during the forecast period.



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Posted by on Thursday December 05 2019, 12:59 PM EDT. All trademarks acknowledged. Filed under Semiconductors, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications, Telecommunication. Comments and Trackbacks closed. Follow responses: RSS 2.0

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