This report provides the strategists, marketers and senior management with the critical information they need to assess the global hearing protection devices market as it emerges from the COVID-19 shut down.
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Description:
Where is the largest and fastest growing market for hearing protection devices? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The hearing protection devices market global report from the publisher answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider hearing protection devices market; and compares it with other markets.
The report covers the following chapters:
- Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
- Report Structure - This section gives the structure of the report and the information covered in the various sections.
- Introduction - The introduction section of the report gives brief introduction about segmentation by product type, segmentation by protector and segmentation by end-user.
- Market Characteristics - The market characteristics section of the report defines and explains the hearing protection devices market. This chapter also defines and describes goods and related services covered in the report.
- Trends And Strategies - This chapter describes the major trends shaping the global hearing protection devices market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
- Impact of COVID-19 - This section describes the impact of COVID-19 on the hearing protection devices market.
- Global Market Size And Growth - This section contains the global historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis - This section contains the historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values and growth and market share comparison by region.
- Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
- Global Macro Comparison - The global hearing protection devices market comparison with macro-economic factors gives the hearing protection devices market size, percentage of GDP.
- Regional Market Size and Growth - This section contains the region’s market size (2020), historic (2015-2020) and forecast (2020-2025), and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region. The market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
- Competitive Landscape - This section covers details on the competitive landscape of the global hearing protection devices market, estimated market shares and company profiles for the leading players.
- Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
- Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for hearing protection device companies in terms of product/service offerings, geographic expansion, marketing strategies and target groups.
- Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered:
- By Product Type: Ear Plugs; Earmuffs; Uniform Attenuation Earplugs; Hearing Bands
- By Protector: Enclosure; Aural Insert; Super-aural Protector; Circum-aural Protector
- By End User: Construction; Forestry; Military; Oil & Gas; Mining; Manufacturing; Healthcare; others
Companies Mentioned:
3M; Honeywell International Inc.; Moldex Matric Inc.; Delta Plus; Westone Laboratories
Countries:
China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions:
Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series:
Five years historic and ten years forecast.
Data:
Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; hearing protection devices indicators comparison.
Data segmentations:
country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:
Data and analysis throughout the report is sourced using end notes.
Table of Contents
1. Hearing Protection Devices Market Executive Summary2. Table of Contents3. List of Figures4. List of Tables5. Report Structure
6. Introduction
7. Hearing Protection Devices Market Characteristics
8. Hearing Protection Devices Market Trends And Strategies
9. Impact Of COVID-19 On The Hearing Protection Devices Market
10. Global Hearing Protection Devices Market Size And Growth
11. Global Hearing Protection Devices Market Segmentation
12. Hearing Protection Devices Market, Regional And Country Analysis
13. Asia-Pacific Hearing Protection Devices Market
14. Western Europe Hearing Protection Devices Market
15. Eastern Europe Hearing Protection Devices Market
16. North America Hearing Protection Devices Market
17. South America Hearing Protection Devices Market
18. Middle East Hearing Protection Devices Market
19. Africa Hearing Protection Devices Market
20. Global Hearing Protection Devices Market Competitive Landscape
21. Key Mergers And Acquisitions In The Hearing Protection Devices Market
22. Hearing Protection Devices Market Opportunities And Strategies
23. Hearing Protection Devices Market, Conclusions And Recommendations
24. Appendix
Executive Summary
This report describes and explains the global hearing protection devices market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.The global hearing protection devices market grew from $1,007.7 million in 2015 to $1,229.4 million in 2020, having increased at a compound annual growth rate (CAGR) of 4.1% since 2015. The market is expected to grow from $1,229.4 million in 2020 to $2,090.1 million in 2025 at a rate of 8.6%. The market is then expected to grow at a CAGR of 11.2% from 2025 and reach $3,152.4 million in 2030.
Growth in the historic period in the hearing protection devices market resulted from developments in the shell and ear plugs material technology, advances in technology, rising demand from defense industry and increased geriatric population. The market was restrained by political uncertainties and reduction in free trade
Going forward Increase in government safety guidelines, increasing hearing impairments in individuals caused by industrial noise, development of advanced sound amplification earmuffs and rising employment in the construction industry will drive the growth in the hearing protection devices market. Factors that could hinder the growth of the market in the future include coronavirus pandemic, geo-political tensions, and lack of awareness regarding the product.
The hearing protection devices market is segmented by product type into earplugs, earmuffs, uniform attenuation ear plugs and hearing bands. The earplugs was the largest segment of the hearing protection devices market segmented by service, accounting for 57.1% of the total in 2020. Going forward, the earmuffs segment is expected to be the fastest growing segment in the hearing protection devices market segmented by product, at a CAGR of 11.1% during 2020-2025.
The hearing protection devices market is also segmented protector into enclosure, aural insert, super-aural protectors and circum-aural protector. The aural insert market was the largest segment of the hearing protection devices market segmented by industry, accounting for 57.1% of the total in 2020.
The hearing protection devices market is also segmented by end users into construction, forestry, military, oil & gas, mining, manufacturing, healthcare, and others. The manufacturing market was the largest segment of the hearing protection devices market segmented by application, accounting for 36.3% of the total in 2020. Going forward, construction segment is expected to be the fastest growing segment in the hearing protection devices market segmented by application, at a CAGR of 11.6% during 2020-2025.
North America was the largest region in the hearing protection devices market, accounting for 32.4% of the total in 2020. It was followed by the Asia-Pacific, Western Europe and then the other regions. Going forward, the fastest-growing regions in the hearing protection devices market will be Eastern Europe and Middle East where growth will be at CAGRs of 13.6% and 9% respectively during 2020-2025. These will be followed by South America and Africa, where the markets are expected to register CAGRs of 9% and 6.5% respectively during 2020-2025.
The top opportunities in the hearing protection devices market segmented by product will arise in the earplugs segment, which will gain $ 513.3 million of global annual sales by 2025. The top opportunities in the hearing protection devices market segmented by end-user will arise in manufacturing segment, which will gain $ 340.1 million of global annual sales by 2025. The hearing protection devices market size will gain the most in the USA at $301.0 million.
Market-trend-based strategies for the hearing protection devices includes investing in developing 3D printed hearing protection devices, developing wearable hearing protection devices, investing more in custom ear plugs products to offer their customer with customizable hearing protection devices, invest in providing high fidelity earplugs to their consumers for higher efficiency, developing next generation earmuffs, developing and advancing micro-electronic ear plugs to improve the productivity and efficiency, and implementing intelligent solutions to enhance productivity and consistency.
Player-adopted strategies in the hearing protection devices market includes establishing strategic collaborations with the end users, strengthening their product portfolio by new product launch, focusing on expanding their geographic reach, increasing the pace of innovation and having a positive impact on more lives by acquiring companies with same business.
To take advantage of the opportunities, the publisher recommends that hearing protection devices companies focus on wearable technology hearing protection devices, 3d printed ear plugs, micro electronic ear plugs, establish operations in emerging markets, set up authorized distributors and sales representatives, provide competitively priced offerings in low-income countries, participate in trade shows and events, increase visibility through business websites and listing websites, focus on post purchase services and targeting the geriatric population.
Companies Mentioned
- 3M
- Honeywell International Inc.
- Moldex Matric Inc.
- Delta Plus
- Westone Laboratories
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 299 |
| Published | October 2021 |
| Forecast Period | 2015 - 2030 |
| Estimated Market Value ( USD | $ 1007.7 Million |
| Forecasted Market Value ( USD | $ 3152.4 Million |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
