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What are the different trends in Hearing protection devices Market to boost its growth? 3M, Amplifon, Honeywell, Moldex-Metric Inc., Cotral Lab

What are the different trends in Hearing protection devices

Increasing employment in the construction industry is expected to drive the hearing protection devices market. Asia Pacific is expected to account for a 60% share of the global construction spending by 2025, which is primarily driven by growing infrastructure development in China and India. Increasing Y-o-Y (%) growth in GDP (at constant prices), coupled with growing urbanization in certain countries, such as China, India, and Indonesia, is expected to boost the spending on public infrastructure, and, in turn, boost employment in the construction sector in the region.

Growth in the construction, mining, and manufacturing industries, and advancements in technology are some of the factors that are driving the hearing protection devices market. According to the latest research by PMR, the global hearing protection devices market is expected to account over US$ 4,900 Mn by the end of 2029. The hearing protection devices market is expected to grow at a CAGR of 12.4% through the forecast period 2019-2029.

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The uniform attenuation segment is also further segmented into conventional attenuation earplugs and custom attenuation earplugs. Based on the protector type, the global hearing protection devices market is segmented into aural inserts, circumaural protectors, enclosures, and superaural protectors. Based on end user, the global hearing protection devices market is segmented into construction, forestry, healthcare, manufacturing sites, military, mining, and others. The mining segment of the end user is expected to hold the maximum share in the global hearing protection devices market. From a geographical perspective, the hearing protection devices market is segmented into North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa.

The hearing protection devices market is a very lucrative market that offers new players high return on investment. Increasing awareness and rising demand for hearing protection devices among end users has led to the emergence of various new small players that offer earplugs at competitive rates. The low-cost strategies adopted by local players is expected to be a key factor driving the hearing protection devices market, especially in the Asia Pacific region.

Furthermore, over the past few years, the global manufacturing sector has witnessed sluggish growth rates. However, favorable government policies for the expansion of manufacturing sectors, particularly in emerging economies, is expected to fuel the overall demand for hearing protection devices during the forecast period. Stringent regulatory compliances for the prevention of noise-induced hearing loss across industries, especially in developed regions, and growing construction spending worldwide, is expected to boost the overall demand for hearing protection devices in the near future.

Other factors, such as increasing FDI in developing regions, demand for advanced hearing protection devices in the military sector, increasing development activities & urbanization, and the availability of low-cost earplugs, are also expected to boost the market during the forecast period. However, improper hearing attenuation and lack of awareness are among the factors that are likely to hinder the growth of the hearing protection devices market.

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The North America and Europe Hearing Protection Devices are expected to have a combined share of over 65% of the global hearing protection devices market during the forecast period. This can be primarily attributed to the high adoption of personnel protection gears driven by government regulations and advancements in technology. The development of manufacturing and construction in the Asia Pacific region is also expected to drive the hearing protection devices market in this region.

The report offers a comprehensive taxonomy of the hearing protection devices market based on the product type, protector type, end user, and region. Based on product type, the global hearing protection devices market is segmented into earmuffs, earplugs, hearing bands, and uniform attenuation earplugs. The earplugs segment is expected to hold the maximum share of the market. It is sub-segmented into disposable foam earplugs and reusable earplugs that include silicon & TPE earplugs and custom-molded earplugs.

3. Market Overview
3.1. Market Coverage / Taxonomy
3.2. Market Definition / Scope / Limitations

4. Hearing Protection Devices Market Trends & Key Inclusions
4.1. Key Trends Impacting the Market
4.2. Global Hearing Protection Devices Market Scenario
4.3. Key Regulations, by Region
4.4. Porter’s Analysis
4.5. Pricing Analysis

5. Global Hearing Protection Devices Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
5.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
5.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis

6. Market Background
6.1. Macro-Economic Factors
6.1.1. Government Regulations
6.1.2. Increasing FDI in Developing Countries
6.2. Forecast Factors - Relevance & Impact
6.2.1. Adoption of hearing protection devices
6.2.2. Expenditure for personnel safety
6.2.3. Increasing safety regulations
6.3. Market Dynamics
6.3.1. Drivers
6.3.2. Restraints
6.3.3. Opportunity Analysis

7. Global Hearing Protection Devices Market Analysis 2014-2018 and Forecast 2019-2029, by Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) Analysis By Product Type, 2014 - 2018
7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Product Type, 2019 - 2019
7.3.1. Earmuffs
7.3.2. Earplugs
7.3.2.1. Disposable foam earplugs
7.3.2.2. Reusable earplugs
7.3.2.2.1. Silicon & TPE Earplugs
7.3.2.2.2. Custom Moulded Earplugs
7.3.3. Hearing Bands
7.3.4. Uniform Attenuation Earplugs
7.3.4.1. Conventional Attenuation Earplugs
7.3.4.2. Custom Attenuation Earplugs
7.4. Market Attractiveness Analysis By Product Type

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ABOUT US:
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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