LONDON–(BUSINESS WIRE)–The global sex toys market is expected to grow by USD 9.83 billion as per Technavio. Healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 6%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
Read the 120-page report with TOC on “Sex Toys Market Analysis Report by Product (Adult vibrators, Dildos, Erection rings, and Others) and Geography (APAC, Europe, North America, South America, and MEA), and the Segment Forecasts, 2020-2024”.
The market is driven by the increasing popularity of sex toys. In addition, the growing awareness of the health benefits of sex toys is anticipated to boost the growth of the sex toys market.
The increasing popularity of sex toys due to the rising awareness and changing perceptions of users will be one of the major drivers in the global market. A large variety of sex toys are currently available in the market which include romantic toys, luxury love devices, and kinky play toys. The growing acceptance of sex toys, where they are no longer considered taboo, has allowed many couples to enhance their sexual lives with the use of sex toys such as vibrators. Further, the presence of online channels such as Amazon.com Inc. and specialty sex toy stores enables consumers to purchase these products with ease. These factors will fuel the growth of the global sex toys market during the forecast period.
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Major Five Sex Toys Companies:
Ansell Ltd. has its business operations under two segments such as industrial and healthcare. The company offers a wide range of sex toys for women and men such as vibrators, spinners, and others.
Church & Dwight Co., Inc.
Church & Dwight Co., Inc. operates the business under various segments such as consumer domestic, consumer international, and specialty products division. The product offered by the company is TROJAN Pulse Compact Vibrating Massager.
Doc Johnson Enterprises
Doc Johnson Enterprises operates the business under a unified business segment. The company’s key offering includes iRide. This product is offered as a vibrator and has two independently controlled motors.
LELOi AB offers a range of sexual products such as vibrators, massagers, dildos, and condoms, which are sold under the LELO brand. The company’s key offerings include SONA Cruise, which is offered as a sonic clitoral massager.
Luvu Brands Inc.
LUVU BRANDS Inc. operates the businesses under the following segments: direct, wholesale, and other. The company’s key offering in the sex toys market includes BARCELONA LEATHER & FAUX FUR CUFFS. This product is made from quality leather and features nickel-plated hardware.
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Sex Toys Product Outlook (Revenue, USD bn, 2020-2024)
- Adult vibrators
- Erection rings
Sex Toys Regional Outlook (Revenue, USD bn, 2020-2024)
- North America
- South America
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