NEW YORK, May 27, 2021 /PRNewswire/ --
The global sex toys market by product (adult vibrators, dildos, erection rings, and others) and geography (APAC, Europe, North America, South America, and MEA) has been added to Technavio's offering. The global sex toys market is expected to grow by USD 9.83 billion, at a CAGR of over 6% during 2020-2024.
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The growth of social media, changing perceptions toward sex toys, and rising awareness among consumers have been positively influencing the growth of the market. Besides, the increasing use of e-commerce platforms to purchase sex toys coupled with increasing disposable incomes of consumers in developing countries will create a significant demand for sex toys over the forecast period.
The market is expected to be driven by factors such as the increasing popularity of sex toys and the growing awareness of the health benefits of sex toys.
The report also offers information on the upcoming trends and challenges that will influence market growth.
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Sex Toys Market: Opportunities
The growth of the market in the Middle East and African regions was minimal due to religious beliefs and the negative perception about sex toys among people in the region. However, the growing presence of sex toys in online platforms is steadily increasing the demand for sex toys in several countries such as South Africa and Kenya. Similarly, a decline in social taboos in other countries across the world is expected to create several growth opportunities for market vendors during the forecast period.
Sex Toys Market: Segmentation by Product
Based on the segmentation by product, the market generated maximum revenue in the adult vibrators segment in 2019. The segment is driven by the increasing product offerings by vendors and the entry of new vendors into the market. In addition, the increased availability of sex toys specifically designed for couples will have a positive impact on the growth of the segment during the forecast period.
Sex Toys Market: Segmentation by Geography
APAC held the largest market share in 2019 and the market growth in the region is expected to be slower compared to the growth of the market in South America. The growth of the market in APAC can be attributed to the emergence of China as the hub for manufacturing low-cost sex toys. Also, the increasing number of adult exhibitions in China is contributing to the growth of the sex toys market in APAC.
One of the fortune 500 companies had used the detailed research report on the sex toys market and had decided to increase their market share in the APAC region which offers the highest market opportunities during the forecast period.
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Sex Toys Market: Major Vendors
Ansell Ltd.
The company offers a wide range of sex toys for women and men such as vibrators, spinners, and others.
Church & Dwight Co. Inc.
The company offers TROJAN Pulse Compact Vibrating Massager. The product is offered with three speeds and three pulse patterns. It provides an intense and focused external stimulation. It is also waterproof, durable, and easy to clean.
Doc Johnson Enterprises
The company offers a wide range of sex toys and accessories, including vibrators, dildos, and kits and lotions. iRide is the key product offered by the company. The product is offered as a vibrator and has two independently controlled motors.
LELOi AB
The company offers a range of sexual products such as vibrators, massagers, dildos, and condoms, which are sold under the LELO brand. SONA Cruise is the key product offered by the company. The product is offered as a sonic clitoral massager. It uses sonic waves and pulses to stimulate the entire clitoris.
Luvu Brands Inc.
The company offers BARCELONA LEATHER & FAUX FUR CUFFS. It is made from quality leather and features nickel-plated hardware. It is offered for bondage enthusiasts.
Along with the market data, Technavio offers customizations as per the specific needs of companies. The following customization options are available for the sex toys market report:
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Related Reports on Sex Toys Market:
Global Female Sex Toys Market – Global female sex toys market is segmented by distribution channel (retail outlets and specialty stores and online stores) and geography (APAC, Europe, MEA, North America, and South America).
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Sex Toys Market in Europe – Sex toys market in Europe is segmented by product (adult vibrators, dildos, erection rings, and others) and distribution channel (offline and online).
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Global Condom Market – Global condom market is segmented by channel (offline and online), material (latex and non-latex), gender (male and female), and geography (APAC, Europe, North America, MEA, and South America).
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Global Sexual Enhancement Supplements Market – Global sexual enhancement supplements market is segmented by product (male and female), distribution channel (retail and online), and geography (North America, Europe, Asia, and ROW).
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Global Adult Stores Market – Global adult stores market is segmented by product (sex toys, condoms, personal lubricants, and others), distribution channel (online retail stores and adult and specialty stores), and geography (APAC, North America, Europe, South America, and MEA).
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Executive Summary
Market Landscape
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Five Forces Analysis
Market Segmentation by Product
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Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
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