Hearing Protection Devices Market Comprehensive Analysis By 2026

Posted by anna on November 26th, 2020

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.

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. t.

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.

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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.