Insights on the Earplugs Global Market to 2027 - Featuring 3M, Alpine SleepSoft and Ear Band-It Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 2, 2021--
The “Earplugs - Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis, the global market for Earplugs estimated at US$790.6 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 9% over the analysis period 2020-2027.
Silicone Earplugs, one of the segments analyzed in the report, is projected to record a 10% CAGR and reach US$535.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Custom Molded segment is readjusted to a revised 8.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $213.7 Million, While China is Forecast to Grow at 12.2% CAGR
The Earplugs market in the U.S. is estimated at US$213.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$304.4 Million by the year 2027 trailing a CAGR of 12.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6% and 7.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7% CAGR.
Foam Earplugs Segment to Record 8.3% CAGR
In the global Foam Earplugs segment, USA, Canada, Japan, China and Europe will drive the 7.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$129.6 Million in the year 2020 will reach a projected size of US$218.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$204.4 Million by the year 2027, while Latin America will expand at a 9.7% CAGR through the analysis period.
Select Competitors (Total 36 Featured):
- Alpine SleepSoft
- Appia Healthcare Limited
- Bengbu Hucong
- Cirrus Healthcare
- DAP World Inc.
- Dongguan Yingfa
- DUBS Acoustic Filters
- Ear Band-It
- Etymotic Research
- Living Stones Biz
- Radians Custom
- TM Manufacturing
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- UNITED KINGDOM
- REST OF EUROPE
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- REST OF LATIN AMERICA
- MIDDLE EAST
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- Total Companies Profiled: 36
For more information about this report visit https://www.researchandmarkets.com/r/cp7nbq
View source version on businesswire.com:https://www.businesswire.com/news/home/20210702005216/en/
Laura Wood, Senior Press Manager
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SOURCE: Research and Markets
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PUB: 07/02/2021 08:47 AM/DISC: 07/02/2021 08:47 AM