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Industrial Hearing Protection Market Report
Industrial Hearing Protection Market Trends, Dynamics & Market Insights
The Industrial Hearing Protection market is projected to grow from USD 1.8 billion in 2020 to USD 2.5 billion by 2026 at a CAGR of around 5.8% during the forecast period.
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Industrial hearing protection is defined as the use of protective equipment to safeguard employees and the worker's hearing ability in the industrial sector. Adequate hearing protection is the one that reduces noise exposure to below 85 dBA throughout an average work shift of eight hours.
Key players operating in the Industrial Hearing Protection market are-
The growth of the industrial hearing protection market is primarily driven by the widespread use of hearing protection devices in construction, mining, and oil & gas industries among others. Expanding the construction industry with an increase in residential and commercial construction activities is likely to drive the growth of the global industrial hearing protection market at a significant rate during the review period. In addition to this, the rising demand for advanced industrial hearing protection devices is likely to create lucrative opportunities for the players operating in the global market in the coming years.
By application, the industrial hearing protection market has been bifurcated into construction, manufacturing, food industry, oil and gas, pharmaceutical, fire protection, and mining. Under these, the construction segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to a significant increase in residential construction across the globe.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to expanding industrialization particularly in developing countries such as India and China coupled with increasing per capita disposable income of the consumers. The market growth in the North American region is expected to be driven by increasing spending on residential construction activities in the US coupled with the presence of key market players such as The 3M Company (US) and Honeywell International Inc. (US).
The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the industrial hearing protection market negatively as the imposition of complete lockdown and restrictions on trade affected the supply of the product for a short period.
Here is the list of the group of customers that the industrial hearing protection market hopes to have the greatest opportunity to convert-
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The industrial hearing protection market is expected to witness an impressive growth of 5.8% CAGR in the coming years.
The 3M Company (US), Honeywell International Inc. (US), ProtectEar USA (US), Protech Tech-nologies, Inc. (US), David Clark Company, Inc. (US), Elvex Corporation (US), DELTA PLUS (France), Mine Safety Appliances (US), Moldex-Metric, Inc. (US), Tasco Corporation (US), Starkey Hearing Technologies (US) and Carolina Glove & Safety Company (US) are among the key players in the industrial hearing protection market.
The industrial hearing protection market size is expected to reach USD 2.5 billion in the foreseeable future.
The construction segment is expected to register significant growth in the industrial hearing protection market in the coming years.
Asia-pacific accounted for the largest share in the industrial hearing protection market in 2020.
Industrial hearing protection distributors, Industrial hearing protection suppliers, Industrial hearing protection manufacturers, Logistics organizations, Government bodies are the target audience in the industrial hearing protection market.
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