Hearing Protection Equipment Market To receive overwhelming hike in Revenues by 2022-2031

The global hearing protection equipment market was valued at US$ 3,803.7 Mn in 2021. It is estimated to grow at a CAGR of 6.5% from 2022 to 2031. The global hearing protection equipment market is expected to reach US$ 6,981.1 Mn by the end of 2031

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Hearing protection equipment are devices used by workers to prevent noise generated in industries such as manufacturing, construction, mining, and military & defense. These devices help safeguard workers from noise-induced hearing loss. Appropriate hearing healthcare devices are chosen based on comfort, level of noise, as well as the suitability of the hearing protector for workers. Earmuffs are recommended where noise exposure is sporadic, as it is inconvenient to remove and reinsert earplugs.

The global hearing protection equipment market is expected to grow in next few years, owing to the enactment of stringent government regulations on occupational safety at workplaces. High degree of noise exposure in various industrial processes is expected to fuel the demand for hearing protection equipment. According to the National Institutes of Health (NIH) based in the U.S., dangerous noise levels in industries damage the hearing of millions of workers and account for 16% to 24% of all hearing loss cases documented worldwide. Various industrialized countries have implemented several safety standard laws to safeguard workers in industries that have high levels of noise.

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In Australia and New Zealand, the Health and Safety in Employment Act 1992, as amended in 2002, compels employers and employees to make efforts to guarantee a safe and healthy workplace, including the use of personal protective equipment such as hearing protection equipment, hearing amplifiers, and digital hearing aids. Hearing care devices are mandatory in industrial sites in the U.S. under the OSHA Hearing Conservation Amendment (OSHA 1983). The South African National Standard (SANS) has endorsed the Noise-Induced Hearing Loss Regulation 2003, which applies to all employers, self-employed people, and workers who work in an environment with noise levels above 85 decibels.

According to the World Health Organization (WHO), one out of every 10 adults in the U.S. suffers from hearing loss, which makes it difficult for people to distinguish and interpret normal speech. According to the WHO, 466 million people around the world suffered hearing loss as of March 2019, with 34 million of them being children. As per the National Institute for Occupational Safety and Health (NIOSH), over 46% of workers at manufacturing facilities were exposed to harmful noise in 2018, with 18% of workers developing hearing loss and roughly 11% developing a perception of noise or ringing in the ears. Thus, hearing loss is predicted to increase, thereby driving the demand for hearing protection devices and propelling the global hearing protection equipment market.

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Rapid growth of end-use industries such as construction, automotive, and defense is likely to boost the market for hearing equipment. Construction workers experience considerable work-related injuries. They are not only affected by the noise produced by their own activities and equipment, but also by the activities and tools of other people working in and around them. Noise-induced hearing loss is common among construction workers. On an average, workers in the construction industry get exposed to noise levels surpassing 90dB for a minimum of eight hours. This can lead to permanent hearing loss.

Various new initiatives in terms of new product development, mergers & acquisitions, etc. are observed in the market. For instance, Uvex Safety Group launched the uvex aXess one with active hearing protection with Bluetooth in October 2021. Joint military exercises have increased significantly around the world in recent years due to growth in the number of international defense agreements between various nations. This has increased the overall sales of hearing protection equipment in the defense industry. These exercises have become more popular In Europe and North America. Military spending in Asia Pacific, especially in India, has also increased.

In terms of product type, the earplugs segment accounted for a significant share of the hearing protection equipment market. Earplugs are preferred because of their hygienic properties. Earplugs are more advantageous to worker productivity and safety in various situations. Single-use earplugs are disposable and provide exceptional hearing protection at an affordable price.

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North America is expected to account for the largest share of the global hearing protection equipment market in the next few years. Strict government regulations mandating employers to provide safety at workplaces; emergence of innovative, high quality, and cost-effective products; and growing awareness among workers about the importance of using PPE are some of the key factors driving the market in North America. Europe has a large customer base for hearing protection equipment and holds the second-largest share of the global market owing to the implementation of strict guidelines for the safety of workers.

The global hearing protection equipment market is consolidated, with a few large-scale manufacturers controlling a majority of the share. Several firms are spending significantly on comprehensive research and development activities, primarily to develop technologically advanced products. Expansion of product portfolios and mergers and acquisitions are the key strategies adopted by well-known players. Honeywell International Inc, 3M Company, Pyramex Safety Products, LLC, MSA Safety, Inc., Delta Plus Group, JSP Ltd., Uvex Safety Group, Kimberly-Clark, E I Du Pont De Nemours, and Co., Bei Bei Safety Co. Ltd. are the prominent entities operating in the global hearing protection equipment market.

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