Hearing Protection Market

Hearing Protection Market is Anticipated To Cross A Market Valuation of 1,700 Mn
by 2026, Expanding A Modest CAGR
Companies functioning in the global hearing protection equipment market are
anticipated to find new market opportunities in emerging countries in the near
future, identifies Transparency Market Research (TMR). Bullard, Uvex Safety Group,
Honeywell International Inc., 3M Co, Msa Safety Inc, Kimberly-Clark, Grainger, Inc,
Avon Rubber Plc., E I Du Pont De Nemours and Co., and Ansell Limited are among
the leading companies profiled in TMR’s report. A majority these market players are
actively focusing on development of more efficient products in order to increase their
customer base.
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As per the latest report published by Transparency Market Research (TMR), the global
market for hearing protection equipment is set to exhibit a CAGR of 4.6% from 2017
to 2026 and surpass a valuation of US$ 5,000 Mn. Growing concerns overs worker
safety is expected to influence the global market for hearing protection equipment
during the assessment period. At the same time, increasing efforts to standardise
working conditions in emerging countries is anticipated to further drive the demand
for hearing protection equipment in the forthcoming years. Regulatory bodies in these
countries are enforcing new laws that ensure a better safety standards in
manufacturing sites in the country. Moreover, rising awareness of workplace safety
among workers along with introduction of advance hearing safety gears and devices
is have a positive impact on the market.
Hearing protection equipment find widespread application in various industries
including oil & gas, construction and manufacturing among others. Also, rapid growth
of industries in countries such as Brazil, China and India is creating market
opportunities for various typed if safety gears, including hearing protection
equipment. Further, local authorities in developing countries are introducing new
policies that are directed towards improving the working conditions in manufacturing
facilities in the country. Workers in third-world countries face a greater risk of
damaging their sensory organs at work owing to poor of safety standards.
Nonetheless, governments in many of the third-world countries are making policy
reforms that are aimed at improving the labour safety law. Factors as such are
expected to influence the global sales of hearing protection equipment during the
review period.
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Additional Highlights of the Report Include:
• Among regions, the market for hearing protection equipment in North America
is anticipated to remain highly attractive throughout the projection period. In
terms of revenue, the region is expected to retain its top position over 2026.
Between 2017 and 2026, North America’s market is set to witness a CAGR of
4%. This primarily owing to presence of a refined worker safety regulatory
lanscape in the region.
• On the basis of product type, the single use earplugs segment is likely to hold
the top spot in 2018 and beyond. This segment currently command for nearly
one-third revenue share of market and is anticipated to cross a market
valuation of 1,700 Mn by 2026, expanding a modest CAGR.
• Based on application, the manufacturing segment is likely to represent for a
considerable market share in terms of revenue. The segment commanded for
more than 21% revenue share of the market and is expected to witness a
CAGR of 2.7% during the forecast period.