What is the estimated market size ($) of hearing protection devices market?
Furthermore, increasing demand of hearing protection devices from the defense sector to protect armed forces from exposure to noise resulting from firearms and explosions during training or combat, is expected to propel the global hearing protection devices market growth. For instance, in May 2017, 3M provided 6500 hearing protection devices (earplugs and headsets) to the U.S. Army to provide hearing protection during training and combat.
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Increasing implementation of government regulations for workplace health and safety of workers and employees majorly in various industrial sectors such as manufacturing and construction, is expected to thrust the global hearing protection devices market growth. For instance, regulatories such as Occupational Safety and Health Administration (OSHA), National Institute for Occupational Safety and Health (NIOSH) in U.S., Work Health and Safety Regulations (WHS) had made several rules and regulations for the workplace safety of the labors and employees.
North America is expected to hold a dominant position in the market over the forecast period due to presence of major players such as Honeywell International Inc., 3M and others. These players are focusing on development of technological advanced hearing protection devicesor instance, in January 2017, 3M launched the PELTOR Sport Tactical 300 and PELTOR Sport Tactical 500 Electronic Hearing Protectors at Shooting, Hunting and Outdoor Trade Show (SHOT Show) in Las Vegas. Such launches are expected to drive the global hearing protection devices market growth.
Key players in the market are focused on strategic acquisitions in order to expand their product portfolio. For instance, in July 2018, Hulfators Group acquired Hellberg Safety AB’s product portfolio, which includes hearing protection, face protection, and communication solutions.
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Moreover, in May 2015, Dynamic Ear Company (DEC) entered a strategic partnership with Marlborough Communications Limited (MCL), a supply and distribution company in the U.K. Through this partnership, DEC will supply its Tactical In-ear Protection Plugs (TIPPS) to the U.K. armed services.
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