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Classified in: Covid-19 virus
Subjects: MAT, MRR

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

Get a comprehensive report summary describing the market size and forecast along with research methodology. The FREE PDF sample report is available in PDF format

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:

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.

View our FREE PDF Sample Report for key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers, Challenges, and Trends in the Market-

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.

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.  

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.

Didn't Find What You Were Looking For? Customize Report-

Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

Here are Some Similar Topics-

Europe Sex Toys Market by Product and Distribution Channel - Forecast and Analysis 2022-2026

Female Sex Toys Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

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.

Browse Consumer Staples Market Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Market Segmentation by Distribution Channel

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Vendor Landscape

11 Vendor Analysis

12 Appendix

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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Newsroom: newsroom.technavio.com/news/sex-toysmarket

SOURCE Technavio


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