sex toy Market Growth Trend Global Forecast 2028 – The Insight Partners.

Posted by niket gore on August 2nd, 2022

A sex toy is an object or device used for sexual stimulation or to enhance sexual pleasure. Sex toys can be used for multiple purposes alone or with a partner by people of all age groups. The terms sex toy, sex product, sexual merchandise, and adult novelty have been used in previous researches. Products considered as sex toy in this study are vibrators, lubrication products, dildos, anal sex toys, penis rings, rubber vaginas, props for erotic play, and BDSM gear. The most purchased sex toy today is the vibrator. It is the first commercial sex toy of the modern era. Increased spending capacities and improved standard of living in developing economies are the factors expected to drive market growth. Besides, acceptance of the LGBTQ community and growing interest among women towards experimenting with sexual wellness products without hesitation is promoting the adoption of such products.

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The sex toys market is segmented into material, gender, distribution channel, and geography. The market, by geography, is broadly segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. The sex toys market report offers insights and in-depth analysis of the market, emphasizing parameters such as market size, market trends, technological advancements in the market, and market dynamics, along with the global analysis of the competitive landscape of the leading market players that are driving the market growth.

The market growth is attributed to the changing perception of customers toward the utilization of sex toys and the increasing number of online sex toys retailers, which have significantly increased the market size and are expected to have a significant short-, mid-, and long-term impact on the market size. However, the use of harmful chemicals in sex toys is expected to hamper the growth of the sex toys market. The market report also studies the ongoing opportunities and market trends that can significantly impact the growth of the market.

Lucrative Regions for Sex Toys Market

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Market Insights

Changing Perception of Customers Toward Utilization of Sex Toys

Sex toys are specially designed for sexual stimulation. The toys help improve sexual performance, extend foreplay, and satisfy a partner who needs more time to climax. Moreover, some of the customers utilize sex toys to have orgasms, fantasize, relax, fall asleep, and simply feel connected to their own bodies. The perception of people about the use and adoption of sex toys is changing in the region. For instance, according to a survey conducted by Lovehoney in 2020, two-thirds of the population in the US has normalized the utilization of sex toys. Also, according to the survey population, sexual wellness is equally important along with physical and mental health.

The change in perception of sex toys among customers has encouraged the market players to develop advanced pleasure-giving products. Moreover, the change in perception is leading to the massive adoption of sex toys, especially by women. For instance, according to a research paper published by a group of researchers at the University of Kassel, Kassel, Germany, in 2016, an estimated two-thirds women population in the US prefers to use sex toys for partnered sexual activities and masturbation. Further, the surging number of adult shops in the region represents a shift in attitude toward sexual products, which, in turn, is likely to drive the market growth.

Material-Based Insights

The global sex toys market, based on material, is segmented into metal, silicone, plastic, glass, and others. The silicone segment held the largest share of the market in 2020, and it is expected to continue its dominance and register the highest CAGR in the market during the forecast period. The growth of the segment is attributed to the increasing applications of sequencing to provide more precise treatment for ailments.

Sex Toys Market, by Material – 2021 and 2028

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Reason To Buy:-

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the sex toy market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global sex toy market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

The List of Companies - Sex Toy Market

  1. Crave
  2. Lovehoney Group Ltd.
  3. BMS Factory
  4. Tenga Co. Ltd.
  5. Fun Factory GmbH
  6. WOW Tech International GmbH
  7. LELO
  8. Lifestyles Healthcare PTE LTD
  9. Unbound

 

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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niket gore

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niket gore
Joined: July 6th, 2022
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