LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global sex toys market since 2016 and the market is poised to grow by USD 9.92 billion during 2019-2023, progressing at a CAGR of about 7% during the forecast period. Request Free Sample Pages
Read the 120-page research report with TOC on "Sex Toys Market Analysis Report by Product (Adult vibrators, Dildos, Erection rings, and Others), by Distribution Channel (retail outlets and specialty stores, and Online stores), by Geography (Asia, Europe, North America, and ROW), and Segment Forecasts, 2019 – 2023."
The market is driven by the increasing popularity of sex toys. In addition, sex toys targeted toward LGBT population are anticipated to further boost the growth of the global 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 Market Companies:
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 its unified business segment. The company’s key offering includes iRide. This product is offered as a vibrator and has two independently controlled motors.
Nouryon operates the business operations under various segments, namely ethylene and sulfur derivatives, industrial chemicals, polymer chemistry, pulp and performance chemicals, and surface chemistry. Some of the products offered by the company are ElfaMoist AC Humectant, PURITY 21C PURE starch, and ELFACOS ST emulsion stabilizers.
LELO operates the business under its unified business segment. The company’s key offering includes, SONA Cruise. This product is offered as a sonic clitoral massager. It uses sonic waves and pulses to stimulate the clitoris.
LUVU BRANDS 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 Million, 2019 - 2023)
- Adult vibrators
- Erection rings
Sex Toys Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
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Related Reports on Consumer Staples include:
Female Sex Toys Market – Global Female Sex Toys Market by distribution channel (retail outlets and specialty stores, and online stores) and geography (APAC, Europe, MEA, North America, and South America).
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