DUBLIN--(BUSINESS WIRE)--The "Hearing Protection Devices Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
The global hearing protection devices market grew from $1,007.7 million in 2015 to $1,229.4 million in 2020, having increased at a compound annual growth rate (CAGR) of 4.1% since 2015. The market is expected to grow from $1,229.4 million in 2020 to $2,090.1 million in 2025 at a rate of 8.6%. The market is then expected to grow at a CAGR of 11.2% from 2025 and reach $3,152.4 million in 2030.
Growth in the historic period in the hearing protection devices market resulted from developments in the shell and ear plugs material technology, advances in technology, rising demand from defense industry and increased geriatric population. The market was restrained by political uncertainties and reduction in free trade
Going forward Increase in government safety guidelines, increasing hearing impairments in individuals caused by industrial noise, development of advanced sound amplification earmuffs and rising employment in the construction industry will drive the growth in the hearing protection devices market. Factors that could hinder the growth of the market in the future include coronavirus pandemic, geo-political tensions, and lack of awareness regarding the product.
The hearing protection devices market is segmented by product type into earplugs, earmuffs, uniform attenuation ear plugs and hearing bands. The earplugs was the largest segment of the hearing protection devices market segmented by service, accounting for 57.1% of the total in 2020. Going forward, the earmuffs segment is expected to be the fastest growing segment in the hearing protection devices market segmented by product, at a CAGR of 11.1% during 2020-2025.
The hearing protection devices market is also segmented protector into enclosure, aural insert, super-aural protectors and circum-aural protector. The aural insert market was the largest segment of the hearing protection devices market segmented by industry, accounting for 57.1% of the total in 2020.
North America was the largest region in the hearing protection devices market, accounting for 32.4% of the total in 2020. It was followed by the Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the hearing protection devices market will be Eastern Europe and Middle East where growth will be at CAGRs of 13.6% and 9% respectively during 2020-2025. These will be followed by South America and Africa, where the markets are expected to register CAGRs of 9% and 6.5% respectively during 2020-2025.
The top opportunities in the hearing protection devices market segmented by product will arise in the earplugs segment, which will gain $ 513.3 million of global annual sales by 2025. The top opportunities in the hearing protection devices market segmented by end-user will arise in manufacturing segment, which will gain $ 340.1 million of global annual sales by 2025. The hearing protection devices market size will gain the most in the USA at $301.0 million.
Market-trend-based strategies for the hearing protection devices includes investing in developing 3D printed hearing protection devices, developing wearable hearing protection devices, investing more in custom ear plugs products to offer their customer with customizable hearing protection devices, invest in providing high fidelity earplugs to their consumers for higher efficiency, developing next generation earmuffs, developing and advancing micro-electronic ear plugs to improve the productivity and efficiency, and implementing intelligent solutions to enhance productivity and consistency.
Companies Mentioned
- 3M
- Honeywell International Inc.
- Moldex Matric Inc.
- Delta Plus
- Westone Laboratories
Key Topics Covered:
1. Hearing Protection Devices Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
7. Hearing Protection Devices Market Characteristics
8. Hearing Protection Devices Market Trends And Strategies
9. Impact Of COVID-19 On The Hearing Protection Devices Market
10. Global Hearing Protection Devices Market Size And Growth
11. Global Hearing Protection Devices Market Segmentation
12. Hearing Protection Devices Market, Regional And Country Analysis
13. Asia-Pacific Hearing Protection Devices Market
14. Western Europe Hearing Protection Devices Market
15. Eastern Europe Hearing Protection Devices Market
16. North America Hearing Protection Devices Market
17. South America Hearing Protection Devices Market
18. Middle East Hearing Protection Devices Market
19. Africa Hearing Protection Devices Market
20. Global Hearing Protection Devices Market Competitive Landscape
21. Key Mergers And Acquisitions In The Hearing Protection Devices Market
22. Hearing Protection Devices Market Opportunities And Strategies
23. Hearing Protection Devices Market, Conclusions And Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/dzzr2r
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