October 01, 2020
According to the report titled ‘Global Earplugs Market Size study, by Type (Silicone, Custom Molded, Foam, and Flanged), By Application (Sleeping, Noise Reduction, Swimming, Travel and Others) and By End-User (Manufacturing, Construction, Military, Forestry, Healthcare, Mining, Entertainment) and Regional Forecasts 2020-2027’, available with Market Study Report, global earplugs market was worth USD 7.5 billion in 2019 and is expected to record a CAGR of 10.4% during 2020-2027.
Rising levels of noise pollution and surging demand for noise cancelation or noise reduction rating (NRR) is likely to drive the growth of global earplugs market over the analysis timeframe.
For those uninitiated, earplugs help in noise cancellation, provide warmth, and protect the ears from damage. They may or may not be used again. The product fits against the side of the head with necessary pad or pillow around the entire external ear, including the seal and lobe.
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According to Statista, total sales of soundbar speakers globally was recorded at USD 3 billion in 2017, which is expected to reach USD 7.54 billion by the year 2022, signifying the inclination of millennials towards high-quality loudspeakers. This factor, in consort with rising cognizance among the population about ear protection is anticipated to boost the demand for earplugs, contributing to industry expansion. However, lack of awareness regarding significance of earplugs among individuals may hinder global earplugs industry growth over the assessment period.
Based on end user scope, global earplugs market is divided into entertainment, mining, healthcare, forestry, military, construction, and manufacturing. Speaking of application spectrum, the industry is bifurcated into travel, swimming, noise reduction, sleeping, and others. In terms of product type, the market is categorized into flanged, foam, custom molded, and silicone.
Citing the regional landscape, global earplugs market is segmented into Latin America, Europe, North America, Asia Pacific, and Rest of the World. The report states that North America presently holds considerable share of the overall market, accounting for one-third of worldwide product demand.
Meanwhile, Asia Pacific earplugs industry recorded 7% growth rate in 2020 and is anticipated to expand further over 2020-2027, owing to rising disposable income in the region.
Major players in global earplugs market landscape are Westone Laboratories Inc., Uvex Winter Holding GmbH & Co. KG, ProtectEar USA, Moldex-Metric Inc., McKeon Products Inc., McCordick Glove & Safety, Liberty Glove & Safety Inc., Honeywell International Inc., Dynamic Ear Company, and 3M Company.