Sex Toys Market to Record a CAGR of 11.27%, Increasing Popularity of Sex Toys Globally to Drive Growth - Technavio
NEW YORK, Aug. 17, 2022 /PRNewswire/ --
Sex Toys Market Facts at a Glance
Companies: 10+ ? Including Adam and Eve Stores, Bad Dragon Enterprises Inc., BMS Enterprises, Cliq Ltd., FUN FACTORY GmbH, JIMMYJANE, L Brands Inc., LELOi AB, LifeStyles Healthcare Pte. Ltd., Lovehoney Group Ltd., Lovetreats, Luvu Brands Inc., Pipedream Products LLC, Reckitt Benckiser Group PLC, Tantus Inc., TENGA Co. Ltd., The Aneros Co., VIBRATEX Inc., and WOW Tech International GmbH among others.
Coverage: Key drivers, trends, and challenges; product insights and news; value chain analysis; parent market analysis; and vendor landscape
Segments: Product (adult vibrators, dildos, erection rings, and others) and distribution channel (online stores and retail outlets, and specialty stores)
Geographies: North America, Europe, APAC, South America, and the Middle East and Africa
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According to the recent market study by Technavio, the Sex Toys Market is expected to increase by USD 19.85 billion from 2021 to 2026, with an accelerated CAGR of 11.27%. The report provides a detailed analysis of drivers and opportunities, top winning strategies, competitive scenarios, future market trends, market size and estimations, and major investment pockets.
Vendor Insights
The sex toys market is fragmented, and the vendors are deploying growth strategies such as focusing on the R&D of new products with multifunctional benefits using natural ingredients to compete in the market. The key offerings of some of the vendors are listed below:
BMS Enterprises - The company offers sex toys such as dildos, butt plugs, lingerie, vibrators, cupping sets, and sex games.
FUN FACTORY GmbH - The company offers sex toys such as Sundaze, Tiger, Volta, Ocean, Duke, Jam, and Abby G dildos.
LELOi AB - The company offers sex toys such as G spot vibrators, massagers, masturbators, and condoms.
This report provides a full list of key vendors, their strategies, and the latest developments. Buy Now to gain access to exclusive information about vendors
Regional Market Outlook
The sex toys market share growth in APAC will be significant during the forecast period. China is the key country for the market in APAC. Moreover, market growth in APAC will be faster than the growth of the market in other regions. The growth of the market in this region is attributed to factors such as the availability of low-cost raw materials and labor for manufacturing, growing regional supply chain network, rising product demand from Western countries, and innovative product development by vendors in the region.
Latest Drivers, Challenges, and Trends in the Market-
Sex Toys Market Driver:
The increasing popularity of sex toys globally:
There are a large variety of sex toys available in the market, including luxury love devices, romantic toys, and kinky play toys. The rising acceptance of sex toys, which are no longer considered taboo, has encouraged many couples to enhance their sexual lives.
Sex Toys Market Challenge:
Negative social perceptions of sex toys:
The negative social perception, such as the risk of addiction, discourages customers from purchasing sex toys. Moreover, countries such as Saudi Arabia have banned the purchase and use of these products.
Sex Toys Market Trend:
Increasing exposure to sex toys:
The increasing exposure to sex toys such as vibrators and dildos through media is raising the awareness and adoption of sex toys. The demand for sex toys such as rubber vaginas and adult vibrators is rising, owing to factors such as the changing perception about sex toys. Moreover, couples are opting for sex toys such as vibrators for mutual pleasure.
Technavio offers information about various drivers, challenges, and trends that will impact the future of the market. View our FREE PDF sample report.
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Sex Toys Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 11.27%
Market growth 2022-2026
USD 19.85 billion
Market structure
Fragmented
YoY growth (%)
10.71
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
APAC at 39%
Key consumer countries
US, Mexico, China, Russia, UK, and France
Competitive landscape
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Adam and Eve Stores, Bad Dragon Enterprises Inc., BMS Enterprises, Cliq Ltd., FUN FACTORY GmbH, JIMMYJANE, L Brands Inc., LELOi AB, LifeStyles Healthcare Pte. Ltd., Lovehoney Group Ltd., Lovetreats, Luvu Brands Inc., Pipedream Products LLC, Reckitt Benckiser Group PLC, Tantus Inc., TENGA Co. Ltd., The Aneros Co., VIBRATEX Inc., and WOW Tech International GmbH
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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.
Exhibit 128: Lovehoney Group Ltd. - Product / Service
Exhibit 129: Lovehoney Group Ltd. - Key offerings
11.8 Luvu Brands Inc.
Exhibit 130: Luvu Brands Inc. - Overview
Exhibit 131: Luvu Brands Inc. - Business segments
Exhibit 132: Luvu Brands Inc. - Key offerings
Exhibit 133: Luvu Brands Inc. - Segment focus
11.9 Reckitt Benckiser Group PLC
Exhibit 134: Reckitt Benckiser Group PLC - Overview
Exhibit 135: Reckitt Benckiser Group PLC - Business segments
Exhibit 136: Reckitt Benckiser Group PLC - Key offerings
Exhibit 137: Reckitt Benckiser Group PLC - Segment focus
11.10 Tantus Inc.
Exhibit 138: Tantus Inc. - Overview
Exhibit 139: Tantus Inc. - Product / Service
Exhibit 140: Tantus Inc. - Key offerings
11.11 TENGA Co. Ltd.
Exhibit 141: TENGA Co. Ltd. - Overview
Exhibit 142: TENGA Co. Ltd. - Product / Service
Exhibit 143: TENGA Co. Ltd. - Key offerings
11.12 WOW Tech International GmbH
Exhibit 144: WOW Tech International GmbH - Overview
Exhibit 145: WOW Tech International GmbH - Product / Service
Exhibit 146: WOW Tech International GmbH - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 147: Inclusions checklist
Exhibit 148: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 149: Currency conversion rates for US$
12.4 Research methodology
Exhibit 150: Research methodology
Exhibit 151: Validation techniques employed for market sizing
Exhibit 152: Information sources
12.5 List of abbreviations
Exhibit 153: 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 provide 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 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.
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