The global sex toys market size is expected to reach USD 45.3
billion by 2026, based on a new report by Grand View Research, Inc., exhibiting
a CAGR of 7.81%. Use of innovative technology for designing and manufacturing
of sex toy is anticipated to augment growth during the forecast period.
Users are moving from
traditional vibrators and penile rings to devices that can be operated via
mobile applications. In April 2017, We-Vibe, a Canadian manufacturer, launched
its two-way controlled We-Connect app that was made available free of cost on
Apple and Android devices. The company reported 2 million customers are using
its products worldwide.
Moreover, social media
and movies have significantly influenced the millennials and future generations
in accepting sex toys as a healthy means of enhancing their sexual life.
Manufacturers are using these opportunities to increase market presence. For
instance, in February 2017, Lovehoney launched Fifty Shades Darker Pleasure
Collection. The collection had a range of sex toys designed with temperature
response material for an enhanced sexual experience.
Browse full research report on Sex Toys Market: https://www.grandviewresearch.com/industry-analysis/sex-toys-market
Further key findings from the study
suggest:
- Female sex toys is the fastest
growing segment. Single women are among the leading contributors to the
market
- A survey performed by Lovehoney in
2017 shows 65% of vibrators were purchased by single women
- Availability of rechargeable,
noiseless, compact, and portable vibrators for men and women is expected
to impel growth. In March 2019, BMS Factory announced the success of its
brand Palmpower—a mini rechargeable vibrating wand launched in December
2018
- Manufacturers are trying expand
customer base through e-commerce sites. In developing countries where
adult stores are not easily accessible, online retailers are meeting customer
demand by offering different range of products via discrete delivery and
an added advantage of discounted rates.
- North America held the largest share
in 2018. Open-mindedness about enhancing sexual experience during solo or
with partner intercourse is driving demand for novelty products in the
U.S. and Canada.
- Asia Pacific is the fastest growing
sex toys market during the forecast period. China and Australia are the
leading revenue generators for the market.
- However, India is expected to exhibit
fastest growth as online retailers are experiencing demand upsurge.
- Some of the key players are Church
& Dwight Co., Inc.; LELO; LifeStyles Healthcare Pte Ltd; Doc Johnson
Enterprises; Lovehoney Group Ltd; Reckitt Benckiser Group plc; BMS
Factory; Tenga Co., Ltd.; Fun Factory; and We-Vibe.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/sex-toys-market/request/rs1
Grand View Research has segmented the global sex toys
market based on type, distribution channel, and region:
Sex Toys Type Outlook (Revenue, USD
Million, 2015 - 2026)
- Female
- Male
Sex Toys Distribution Channel Outlook
(Revenue, USD Million, 2015 - 2026)
- E-commerce
- Specialty
Stores
- Mass
Merchandizers
Sex Toys Regional Outlook (Revenue, USD
Million, 2015 - 2026)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia
Pacific
- China
- Japan
- India
- Australia
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
- South
Africa
About
Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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