NEW YORK, March 10, 2021 /PRNewswire/ -- The online sex toys market is expected to grow by USD 5.74 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the online sex toys market in optimistic, probable, and pessimistic forecast scenarios.
The online sex toys market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase as compared to 2019. Enterprises will go through the Response, Recovery, and Renew phases. Download Free Sample Report
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
Pre- as well as post-COVID-19 market estimates
Quarterly impact analysis and updates on market estimates
Related Report on Consumer Staples Include:
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). Get an Exclusive Free Sample Report
Global Sex Toys Market - Global sex toys market is segmented by product (adult vibrators, dildos, erection rings, and others) and geography (APAC, Europe, MEA, North America, and South America).Get an Exclusive Free Sample Report
Major Three Online Sex Toys Market Participants:
BMS Factory operates its business through segments such as Sex toys and Accessories. The company offers a wide range of sex toys for men and women.
Church and Dwight Co. Inc.
Church and Dwight Co. Inc. operates its business through segments such as Consumer Domestic, Consumer International, and Specialty Products Division. The company offers a wide range of vibrators through its brand TROJAN.
Doc Johnson Enterprises
Doc Johnson Enterprises operates its business through the Unified segment. The company offers a wide range of sex toys for men and women.
The online sex toys market is driven by growing LGBT population in developed countries. In addition, other factors such as increase in innovative marketing of products are expected to trigger the online sex toys market toward witnessing a CAGR of over 8% during the forecast period.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.