Lewes, DE -- (SBWire) -- 01/24/2019 --Global Ear Plugs (Earplug) market will register a 9.7% CAGR in terms of revenue, reach US$ 1180 million by 2023, from US$ 670 million in 2017.
An earplug is a device that is meant to be inserted in the ear canal to protect the user's ears from loud noises or the intrusion of water, foreign bodies, dust or excessive wind.
According to the report, global revenue for Earplug market was valued at $ 603.15 million in 2016, and is expected to generate revenue of $ 1071.79 million by end of 2022, growing at a CAGR of slightly above 10.06 % between 2016 and 2022. Earplug market by volume, which measures output worldwide, was expected to reach 3192.61 M Pairs in 2016 with an increase of 13.58 % from its year-earlier level.
The global Earplug industry is characterized by several large international manufactures and many smaller regional. Therefore, market share concentration is low. The two largest operators account for about 31.53% of total industry revenue in 2016. Key market players include 3M, Honeywell, Moldex, and Mack's among others.
Over the next five years, study projects that Ear Plugs (Earplug) will register a 9.7% CAGR in terms of revenue, reach US$ 1180 million by 2023, from US$ 670 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Ear Plugs (Earplug) market by product type, application, key manufacturers and key regions.
To calculate the market size, study considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Foam Earplugs
Silicone Earplugs
Wax Earplugs
Segmentation by application:
Household
Industry
Entertainment
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
3M
Honeywell
Moldex
Mack's
Siemens Healthcare GmbH
Westone
Etymotic
ALPINE
DAP World, Inc.
Ohropax
Comfoor B.V.
Uvex safety group
La Tender
Noise Busters Direct
Radians Custom
ERLEBAO
Dynamic Ear Company
Ear Band-It
Appia Healthcare Limited
EarPeace
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Ear Plugs (Earplug) consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Ear Plugs (Earplug) market by identifying its various subsegments.
Focuses on the key global Ear Plugs (Earplug) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Ear Plugs (Earplug) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Ear Plugs (Earplug) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Spanning over 160 pages "Forecast of Global Ear Plugs (Earplug) Consumption Market 2023" report covers Scope of the Report, Executive Summary, Scope of the Report, Executive Summary, Global Ear Plugs (Earplug) by Players, Ear Plugs (Earplug) by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Ear Plugs (Earplug) Market Forecast, Key Players Analysis, Research Findings and Conclusion.
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