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Online Sex Toys Market to grow by USD 5.74 billion |Growing LGBT Population in Developed Countries to Boost Market | 17000+ Technavio Reports

Technavio (PRNewsfoto/Technavio)

News provided by

Technavio

Feb 11, 2022, 01:30 ET

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NEW YORK, Feb. 11, 2022 /PRNewswire/ -- The online sex toys market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BMS Factory, Church and Dwight Co. Inc., Doc Johnson Enterprises, FUN FACTORY GmbH, LELOi AB, LifeStyles Healthcare Pte Ltd., Luvu Brands Inc., Reckitt Benckiser Group Plc, and TENGA Co. Ltd. are some of the major market participants. The online sex toys market is set to grow by USD 5.74 billion between 2019 and 2024, and register a CAGR of  8%, according to Technavio's latest market research report estimates. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

Technavio has announced its latest market research report titled Online Sex Toys Market by Product and Geography - Forecast and Analysis 2020-2024
Technavio has announced its latest market research report titled Online Sex Toys Market by Product and Geography - Forecast and Analysis 2020-2024

To know about all major vendors - Read a Free Sample Report

Online Sex Toys Market 2020-2024:  Scope

The report also covers the following areas:

  • Online Sex Toys Market size
  • Online Sex Toys Market trends
  • Online Sex Toys Market industry analysis

Online Sex Toys Market 2020-2024: Drivers, Trends & Challenges

The growing LGBT population in developed countries & rapid growth of e-commerce in APAC will offer immense growth opportunities for the online sex toys market. In addition, market trends such as an increase in innovative marketing of products are likely to emerge as one of the primary drivers of the market. However, cultural taboos and stringent laws in regional markets may threaten the growth of the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

The emergence of e-commerce has overcome this hurdle to a large extent as buyers remain anonymous. However, the perception of society largely remains the same and therefore poses a major challenge to the growth of the online sex toys market. There are certain laws regarding the sale and marketing of sex toys in some countries in APAC. For example - In Malaysia, according to the Malaysian Penal Code, anyone who engages in sales, distribution, or possesses "any obscene book, pamphlet, paper, drawing, painting representation or figure, or any other obscene object whatsoever, shall be punished with imprisonment for a term which may extend to three years, or with fine, or with both.

Countries across APAC have different opinions and laws that regulate the sales of sex toys that are based on beliefs, customs, culture, and religion. Countries such as India, Japan, Pakistan, and Malaysia have stringent laws that prohibit the use of products such as sex toys as they perceive these products as vulgar, immoral, and obscene. For instance, in January 2015, in India, online websites, namely Flipkart, imbesharam.com, and thatspersonal.com, which offered sex toys, faced severe scrutiny from the government after complaints were raised claiming that the websites openly promoted and sold objectionable products illegally and displayed objectionable content on their respective websites. 

For more information on trends, drivers & challenges - Download a free sample now!

Online Sex Toys Market 2020-2024: Segmentation

  • Product
    • Adult Vibrators
    • Erection Rings
    • Dildos
    • Others
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

Online Sex Toys Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist online sex toys market growth during the next five years
  • Estimation of the online sex toys market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the online sex toys market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online sex toys market vendors

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Related Reports:
Female Sex Toys Market  -The female sex toys market share is expected to increase by USD 15.71 billion from 2021 to 2025, and the market's growth momentum will accelerate at a CAGR of 13%. Download a free sample now!

Sex Toys Market in Europe -The sex toys market share in Europe is expected to increase by USD 2.56 billion from 2020 to 2025, at a CAGR of 6%. Download a free sample now!

Online Sex Toys Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 8%

Market growth 2020-2024

USD 5.74 billion

Market structure

Fragmented

YoY growth (%)

4.07

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, China, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

BMS Factory, Church and Dwight Co. Inc., Doc Johnson Enterprises, FUN FACTORY GmbH, LELOi AB, LifeStyles Healthcare Pte Ltd., Luvu Brands Inc., Reckitt Benckiser Group Plc, and TENGA Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

To uncover highlights deployed by Companies of online sex toys market - Download Latest Free Sample Report in Minutes 

Table of Content

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Adult vibrators - Market size and forecast 2019-2024
  • Erection rings - Market size and forecast 2019-2024
  • Dildos - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BMS Factory
  • Church and Dwight Co. Inc.
  • Doc Johnson Enterprises
  • FUN FACTORY GmbH
  • LELOi AB
  • LifeStyles Healthcare Pte Ltd.
  • Lovehoney Group Ltd.
  • Luvu Brands Inc.
  • Reckitt Benckiser Group Plc
  • TENGA Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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