Global Hearing Protection Devices Market Challenge And Risk Analysis Report From 2022 To 2032Posted by sandeep gade on November 23rd, 2022 Owing to increased awareness regarding personal safety and various government regulations that are in place for employee safety in various industrial settings, the global hearing protection devices market recorded a market value of US$ 1.7 Bn in 2021 and is further expected to expand at a CAGR of 10.1% over the forecast period of 2021 to 2031. Hearing protection devices such as earplugs and earmuffs, apart from being useful in protection from loud noises and potential hearing loss, are now becoming popular as elements of fashion. Various manufacturers are making products that have engaging visual elements apart from high-quality functionality. Products such as earplugs are being specifically marketed with attractive designs and colors. For example, Doppler Labs, which produces the earplugs 'Dubs', aims to persuade concert-goers, music lovers, party-goers, and others, to use their earplugs by introducing them with intriguing designs and splashy colors. No two ears are exactly similar in structure, which is why disposable and pre-made earplugs can only be a temporary solution. They may provide partial protection, but custom-fit earplugs are exclusively made to fit an individual's ear, which provides an advantage over disposable earplugs. These custom hearing protection devices provide several advantages such as maximum comfort, cheaper from a long term perspective, several antibacterial properties, and high efficiency for hearing loss treatment. These factors have made users turn toward custom-made earplugs, which can potentially increase market size over the years ahead. Countries such as China and India have a large population bases and various manufacturing and construction activities are gaining momentum in these countries. Awareness regarding hearing protection devices and health and safety-related regulations is low. However, with time, it is projected that increasing implementation of safety regulations will drive demand for hearing protection products in these countries. Key Takeaways from Market Study Earplugs held more than 43% market share by product in 2021. By protection, passive hearing protection devices accounted for 55.4% market share by value in 2021. By end user, construction sites held a market share of around 18.0% in 2021. Around 37.9% of the global market share, by region, was accounted for by North America in 2021. “High prevalence of noise-induced hearing loss and rapid development of smart hearing protection devices will drive market growth over the coming years,” says an analyst of Persistence Market Research. Buy Full Report Now and Get Up to 20% Discount: Like it? Share it! More by this author |