Europe Earplugs Market is estimated to witness 5% CAGR between 2021 and 2027. Increasing construction activities coupled with high machinery use will drive the market growth.
Europe Earplugs Market Size, USD Million, 2017 – 2027
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Europe holds over 20% volume share in overall earplugs market. This can be attributed to the growing construction industry in Europe coupled with the increasing use of machinery & equipment in the sector. The machinery used in the construction sector produces noise of high decibels and there is an increasing awareness among the workers about the use of earplugs as noise reduction equipment to protect their ears from long-term damage. Workers on the construction sites are exposed to harmful noises and the increasing awareness about the role of earplugs in preventing hearing loss will propel the market revenue.
Increasing use of earplugs while sleeping is another factor driving the market growth. Growing awareness among the population about the benefits & need for healthy sleep is propelling the industry outlook. The use of earplugs during sleep can increase the comfort & quality of sleep, which in turn, will prevent many diseases. Furthermore, earplugs are also majorly used to listen to music.
There is a lack of awareness among many consumers about the use of earplugs coupled with the availability of substitutes, which will hinder the industry growth. In addition, the supply chain disruption due to the COVID-19 pandemic and disruptions in the procurement of raw materials from China will hamper the market expansion.
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The foam segment will generate around USD 200 million revenue by 2027, due to rising consumer awareness about the safety, comfort, and hygiene. Foam is one of the most preferred materials in earplug manufacturing. Foam earplugs are safer, lighter, easy to fit, and disposable.
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The noise reduction application segment will grow at 5.6% CAGR during the forecast period. The surging awareness among a large section of the European population about the damages caused by high noise has led to the increased utilization of earplugs in the region.
In 2020, the construction segment held over 15% Europe earplugs market share in terms of revenue. The growing use of construction machinery & equipment in various residential & commercial construction sites has led to a spike in the demand for earplugs. The surging awareness among construction workers about the need for noise-reducing equipment has led to a consistent demand for earplugs and this, in turn, has majorly contributed to the market growth.
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The market demand for earplugs in Germany will cross 170 million units by 2027. The German manufacturing sector is one of the key factors driving the product market in the country. The increasing use of automated machinery in various industries coupled with the use of loud noise-producing machinery & equipment in the construction sector will increase the market demand.
Prominent players in the Europe earplugs market are Honeywell International, Inc., OHROPAX, 3M, Decibillz, LLC, Uvex Group, EARLABS AB, Speedo International Limited, and Wavy Ocean.
The major companies are engaged in strategic acquisitions, mergers, and strategic collaborations. Many industry players are also engaged in R&D activities for new technological & product developments.