Industry Analysis & Industry Trends
Good vibrations
The Hearing Protection Equipment Manufacturing industry thrives off of workplace safety regulations. As a result, new and more stringent regulations have been developed and applied, resulting in sustained demand for hearing protection equipment. Despite steady demand, imports are a significant threat. Over the next five years, imports are expected to continue growing as domestic manufacturers focus on higher value-added products with increased functionality and design. Rising domestic demand in line with strengthening construction and manufacturing industries will help revenue expand over the period.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Hearing Protection Equipment Manufacturing industry has a moderate level of market share concentration. In 2012, the top three companies in the industry accounted for 50.4% of total revenue. Market share concentration among the top three players has increased during the past five years; during the recession, smaller companies left the industry and major players were able to pick up consumers who previously bought from smaller companies. In addition, market share has increased as players partake in mergers and acquisitions. For instance, in 2007, 3M acquired Aearo Technologies, a manufacturer of personal protection and energy absorbing products. IBISWorld expects market share to increase in the next five years. Add... purchase to read more