MARKET OVERVIEW- GLOBAL HEARING PROTECTION DEVICES MARKET
A hearing protection device, also known as an HPD, is an ear protection device that helps prevent noise-induced hearing loss and is worn in or over the ears when exposed to dangerous noise. The level of noise that enters the ear is reduced by hearing protection devices. Other effects of noise exposure, such as hyperacusis and tinnitus, can be prevented by hearing protection devices. There are various kinds of HPDs accessible for use, including ear covers, earplugs, electronic hearing insurance gadgets, and semi-embedded gadgets. Hearing protection devices are used as temporary noise control measures. These devices help reduce the amount of noise that reaches the ears of users in industrial, construction, mining, and other such areas. These equipment’s are useful to people who are exposed to noise levels of 80 decibels or work for more than eight hours in weapon and explosive training environments such as workshops, mine boilers, aircraft maintenance hangars, engines, generators, and compressor rooms. Hearing enhancement protection systems, also known as electronic HPDs, provide hearing protection from high-level sounds while allowing transmission of other sounds, like speech. Some also have the ability to amplify low-level sounds. This type may be beneficial for users who still require access to lower-level sounds and are in noisy environments.
MARKET DRIVERS
Increasing awareness of occupational hazards, stringent government regulations, and growing industrialization have driven the hearing protection devices market's growth over the forecast period. High-degree noise exposure in a variety of industrial processes is anticipated to increase the growth of the market.
In addition, legislation that enforces standards of worker safety, employment rates, rising awareness regarding safety among the industrial workforce, an increasing sense of professionalism that accelerates acceptance of protective wear as part of worker`s paraphernalia, growing dynamism in the retail and services sectors, and a rise in career prospects for risky professions also contribute to the market's growth over the forecast period. Due to advanced sound amplification, protection from hazardous noise, and connection to the environment, earmuffs also contribute to the growth of the hearing protection devices market.
MARKET OPPORTUNITY
The market is expected to have new opportunities with technological advancements and ongoing R&D activities to develop quality hearing protection devices products. This is expected to provide ample new growth opportunities in the market during the forecast period. The rising adoption of custom-made hearing protection devices, disposable incomes, increasing hearing impairments in individuals caused by industrial noise, increased efficiency in the workplace, and an increasing demand for uniform attenuation ear plugs by individuals are also highly impacting the growth opportunities of the hearing protection devices market.
While the high growth in developing economies and rising government regulations regarding worker’s safety are rapidly growing, demand for multipurpose equipment among users, along with rapid technological advancement in hearing protection equipment and the development of advanced sound amplification earmuffs will further bring various opportunities that will lead to the growth of the hearing protection equipment market during the forecast period.
MARKET RESTRAINTS
Easy availability of custom-made ear plugs and the presence of product substitutes are the major restraining factors for the hearing protection equipment market's growth. Earplugs can push earwax back into your ear over time, resulting in a buildup. This can lead to a number of issues, including tinnitus and temporary hearing loss. In addition, in hot environments, earmuffs can be cumbersome and restrict head movement, making them uncomfortable at times. These are the factors that restrain the market's growth over the forecast period.
MARKET GROWTH CHALLENGES
It is common knowledge that wearing hearing protection devices will significantly reduce their effectiveness if they are not used 100% of the time when the noise level is high. A key challenge that may affect the growth of the market is the lack of awareness regarding the product. Lack of awareness among people regarding the need for hearing protection devices is expected to restrict the growth of the hearing protection devices market during the forecast period. In addition, the wrong attitude about the necessity to use hearing protection devices, the lack of awareness about the impacts of being exposed to high noise, and the uncertainty about when to use hearing protection devices are the key challenges for market growth.
CUMULATIVE GROWTH ANALYSIS
The report provides an in-depth analysis of hearing protection devices market, market size, and compound annual growth rate (CAGR) for the forecast period of 2023-2029, considering 2022 as the base year. A rise in demand for hearing protection devices in various applications is anticipated to stimulate the growth of the market and due to this factor, the market is expected to witness growth at a specific CAGR from 2023-2029.
GLOBAL HEARING PROTECTION DEVICES MARKET SEGMENTAL OVERVIEW
The global hearing protection devices market comprises of different market segments like, by product, protection, end-users and geography.
GLOBAL HEARING PROTECTION DEVICES MARKET BY PRODUCT
By product, the global hearing protection devices market includes key segments like
- Earplugs
- Ear Muffs
- Metal Detectable
On the basis of product, the global hearing protection devices market includes key segments like earplugs, ear muffs, and metal detectable. The earplugs segment is expected to lead the hearing protection devices market over the forecast period. Due to its compact size, lightweight nature, and ease of carrying and use in confined work spaces compared to bulkier noise-cancelling earmuffs, it is ideal for defence and law enforcement applications. Earplugs are smaller and fit into the ear canal; they are not as material intensive to produce and are cheaper than earmuffs. Earmuff hearing protection devices ordinarily comprise two ear cups and a head band. Most of the time, a sound-absorbing material like foam covers the ear cups. The cups should be fitted so that the opening in the ear canal is in line with where the centre of the ear canal is.
GLOBAL HEARING PROTECTION DEVICES MARKET BY PROTECTION
By protection, the global hearing protection devices market includes key segments like
- Active Hearing Protection Devices
- Passive Hearing Protection Devices
Electronic hearing protectors use smart technology to help workers hear their environment and/or communicate with others in a noisy environment. The passive hearing protection devices segment hold the major shares of the hearing protection devices market during the forecast period. They reduce the noise by mechanically blocking the sound waves and suitable for situations with continuous noise levels and when communication is not critical. Active hearing protection device is any device with electrical or digital components that actively suppress or amplify noise from the user's surroundings.
GLOBAL HEARING PROTECTION DEVICES MARKET BY END USER
The global hearing protection devices market finds key end-users like
- Construction
- Forestry
- Military
- Mining
- Manufacturing
- Healthcare
- Others
The global hearing protection devices market finds key end-users such as construction, forestry, military, mining, manufacturing, healthcare, and others. The construction industry holds the major shares of the hearing protection devices market. This is due to the increase in both residential and commercial construction activities across the globe. Growing industrialization in developing countries, rising manpower in the construction and manufacturing sectors, and stringent government regulations in developed countries for worker safety, are factors anticipated to boost the growth of this segment. Also, the growing emphasis on the improvement of advanced hearing protection equipment is likely to create lucrative opportunities for the market players during the forecast period.
GLOBAL HEARING PROTECTION DEVICES MARKET BY COUNTRY
The global hearing protection devices market is studied for the following countries
- North America
- Asia Pacific
- Europe
- RoW
The North America is projected to lead the market during the forecast period. This is due to the increasing government safety regulations to protect workers from NIHL, a significant investment in the military and defence industries, the larger presence of hearing protection device vendors, and the increasing incidences of hearing loss in the population. The governments of North American countries ensure the safety of their workforce and are strictly enforced, which has forced companies to invest more in electronic hearing protection devices. Asia-Pacific is anticipated to expand at a significant growth rate over the forecast period as a result of the increasing number of industries, especially those involved in manufacturing, mining, and construction.
COVID-19 IMPACT ANALYSIS ON GLOBAL HEARING PROTECTION DEVICES MARKET
The spread of the COVID-19 virus has had a significant impact on the expansion of the industrial sector. Stringent lockdown measures and restrictions on the movement of people affected product supply and production for a short period and thus affected market growth.
The COVID-19 pandemic halted the production of various products in the hearing protection device industry, which is attributed to the global lockdown. The movement restrictions of workers, a decline in demand from consumers, and the closure of production facilities have negatively impacted the growth of the market. However, the growth has been high since the market opened after COVID-19, and it is expected that there will be considerable growth in the sector due to increasing awareness of occupational hazards, stringent government regulations, and growing industrialization. Manufacturers of hearing protection devices are expected to concentrate on safeguarding their workforce, operations, and supply chains in order to respond to immediate crises and find new ways to work after COVID-19. For instance, providing sanitizers, maintaining social distance, and ensuring that every employee in the company is vaccinated can all contribute to improving the workforce's health and safety.
COMPETITIVE LANDSCAPE ANALYSIS
The competitive landscape analysis of hearing protection devices market is primarily focused on expanding the global growth of hearing protection devices industry with new product innovation, business expansion, increasing presence of range of manufacturer operating in hearing protection devices sector has led the growing demand for the market. Besides, the market offers range of products in different application to fulfil the required demand of consumer which is further contributing healthy growth in the market.
The key players studied in market are
- 3M Company (US)
- Amplifon (Italy)
- Centurion Safety Products Ltd (UK)
- Dynamics Ear Company B.V. (Netherland)
- Elvex Corporation (Delta Plus Group) (US)
- Etymotic Research (US)
- Hellberg Safety (Hultafors Group AB) (Sweden)
- Honeywell (US)
- Moldex-Metric Inc (US)
- Cotral Lab (France)
- Custom Protect Ear Inc (CA)
- David Clark Company (US)
- Gentex Corporation (US)
- Insta-Mold Products Inc (US)
- Pacific Coast Laboratories (US)
- ReadyMax (US)
- Sensear Pty Ltd (AU)
- Happy Ears (Sweden)
- Eargasm (US)
RECENT DEVELOPMENT:
January 2021: Delta Plus Group announced the acquisition of Artex, a specialist in personal fall protection equipment in Germany.
March 2019: Westone Laboratories, Inc., a manufacturer of custom earpieces with high-performance in-ear monitoring technology, acquires Custom Protect Ear. This partnership will expand their geographic reach, increase the pace of innovation, and have a positive impact on more lives.
