Industry Background:
Sex toys are stimulation device that is used to enhance human sexual pleasure, also known as adult toys, dildo or vibrator. These sex toys are gaining attention in the market as people are excited about these products and investigative to use such devices for their sexual pleasure. Reportedly, these are mostly manufactured for women as compared to men. Sex toys are mostly sold at retail stores, drug stores (rare), pornographic DVD store. According to the reports, Sex toys market will experience considerable growth in the near future due to the availability of a wide range of products and also commercialization of sex, rising tendency to experiment toys is another factor that is contributing to the market growth.
According to AMA Research, the market for Sex Toys is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Growing Population of LGBT Population in the Developing Countries
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Consumer Goods sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Ansell (Australia), BMS Factory (Canada), LELO (Sweden), LUVU BRANDS (United Kingdom), Doc Johnson (United States), Adam and Eve (United States), Fun Factory (Germany), Bad Dragon (United States), Crystal Delights (United States), Lovehoney (China), OhMiBod (United States) and Tantus (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2023 Doc Johnson celebrated two new additions to its Signature Cocks dildo line, modeled after adult stars Small Hands and Owen Gray, with a launch party last weekend at New York's Museum of Sex.
In March , 2023, American experts from Duke University released the results of a study suggesting that the use of sex toys could result in health problems. Such products, in particular, can negatively affect the operation of the endocrine systemThe market is fragmented by numerous players and there is a competition between regional and international vendors which has resulted in introducing many innovative sex toys in the market. International vendors are focusing on increasing their footprints in the market. This move is making regional vendors difficult to compete against larger vendors in terms of price, quality, market reach, and financial resources.
Influencing Trend:
Adult Vibrator and Massager Are Most Widely Used Sex Toys, Increasing the Chance of Designing a Variety of Sex Toys for Customers and Rebranding and Re-Positioning Of Sex Toys
Market Growth Drivers:
Growing Population of LGBT Population in the Developing Countries, Mainstream Exposure to Sex Toys and Easy Usage and Increasing Consumer Awareness for Sexual Pleasure and Tremendous Growth of E-Commerce
Challenges:
Sex Toys Are Considered a Taboo and are Prohibited In Many Countries which are Limiting the Market Growth and The Negative Impact of Sex Toys and the Availability of Counterfeit Products
Restraints:
Social Inhibitors against Sex Toys consider these Products are stereotyped and Vulgar
Opportunities:
High Exposure through the Internet and Media, Prompting Consumers to Buy Them for Completing Their Sexual Pleasures and The Advent of Wearable Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Sex Toys Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Sex Toys Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Sex Toys players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sex Toys Study Sheds Light on
The Sex Toys Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Sex Toys industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sex Toys industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.