February 22, 2022
According to the research report titled ‘Earplugs Market Size, By Material (Silicone, Custom Molded, Foam, Flanged), By Application (Sleeping, Noise Reduction, Swimming, Travel), By End-Use (Construction, Commercial, Forestry, Military, Mining, Manufacturing, Healthcare), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Landscape & Forecast, 2021 – 2027’, available with MarketStudyReport, global earplugs market is set to bolster at a remarkable pace over the forecast period 2021-2027.
As per report findings, increasing awareness about hearing protection equipment in manufacturing, construction, and mining activities, as well as widespread product usage in music and sleeping applications are the primary factors propelling global earplugs market growth. Furthermore, rising use of 3D modelling & printing for manufacturing earplugs for military applications is also boosting the industry remuneration scope.
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Notably, workers need to wear hearing protectors in most industrial workplaces to decrease the noise reaching and potentially damaging their ears. In comparison to other products, earplugs are more affordable, easier to use, and comfortable in damp or hot workplaces. This gear also pairs well with other personal protection devices.
Despite the positive outlook, lack of product awareness, and easy availability of substitutes are likely to hamper industry growth in the upcoming years.
With respect to material type fragmentation of worldwide earplugs industry, custom molded earplugs segment is slated to witness a CAGR of 5.5% over 2021-2027, as these laboratory-made earplugs are highly comfortable, durable and affordable, which makes them easy to purchase as well as replace.
In terms of end-user scope, the consumer segment is poised to deliver 6% CAGR over the projected time frame, on the back of increasing popularity of DIY activities like renovating, drilling, and land mowing, among consumers across emerging countries including Indonesia, India, and Thailand.
On the regional front, Latin America market is currently witnessing massive gains, with Brazil at the forefront of growth, owing to high consumption of tropical wood in Brazil, and frequent exposure to loud noise while operating machines such as skidders, chainsaws, loaders, and tractors. Moreover, increasing government support for the forestry sector, investments from leading mining, manufacturing, and construction companies and easy access to financing are also promoting regional market growth.
Considering the competitive landscape, companies such as Speedo International Ltd., Living Stones Biz, Liberty Glove & Safety, Radians Inc., Uvex group, 3M Company, Ohropax, Noise Busters Direct, Moldex/Metric AG & Co. KG, Magid Glove & Safety Manufacturing Company LLC, Hearos LLC, Etymotic Research Inc., Honeywell International Inc., and Allens Industrial Products are prominently influencing the global earplugs market trends.