Sex Toys Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Sex Toys Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UNITED KINGDOM, September 19, 2024 /EINPresswire.com/ -- The sex toys market has experienced robust growth in recent years, expanding from $34.99 billion in 2023 to $38.19 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to the rising number of events and expos dedicated to sexual well-being, increasing online forums, growth in mobile apps, the rising popularity of sex-positive workshops, and rising focus on mental health.
What Is The Estimated Market Size Of The Global Sex Toys Market And Its Annual Growth Rate?
The sex toys market is projected to continue its strong growth, reaching $55.01 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to the growing prevalence of sex toy subscription services, growing investment in research and development, growing participation in sex education, growing demand from the LGBT community, and rising e-commerce.
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Growth Driver Of The Sex Toys Market
The expansion of e-commerce is expected to propel the growth of the sex toys market going forward. E-commerce, short for electronic commerce, refers to the buying and selling goods and services over the Internet. The expansion of e-commerce is due to mobile technology, digital marketing, logistics, and supply chain management advances, AI to personalize the buying experience, and buy-now-pay-later services. Sex toys are widely sold through e-commerce platforms due to the privacy, convenience, detailed product information, and variety they offer to consumers.
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Who Are The Leading Competitors In The Sex Toys Market Share?
Key players in the market include Reckitt Benckiser Group plc, Ansell Healthcare LLC, Adam & Eve LLC, LELO Sweden AB, Crave Innovations Inc., Luvu Brands Inc., Tantus Inc., California Exotic Novelties LLC, CalExotics, Dame Products Inc., OhMiBod LLC, Bad Dragon Enterprises Inc., Rocks Off Limited, OhnutCo Inc., Jimmyjane Inc., LifeStyles Healthcare Pte Ltd., Fun Factory GmbH, BMS Factory Inc., Bijoux Indiscrets S.L., Crystal Delights LLC, Hot Octopuss Limited, NS Novelties LLC, Lovetreats LLC.
What Are The Dominant Trends In Sex Toys Market Growth?
Major companies operating in the market are focusing on developing innovative technologies, such as AI-based sex toys, to revolutionize user experiences and enhance personalization and interactivity. AI-based sex toys refer to adult pleasure products that incorporate artificial intelligence technology to improve the user experience, interactivity, and customization.
How Is The Global Sex Toys Market Segmented?
1) By Product: Vibrators, Dildos, Penis Rings, Anal Toys, Masturbation Sleeves, Sex Dolls, Harnesses, Other Products
2) BY Distribution: Specialty Stores, Super market Or Hyper market, E-commerce, Mass Merchandizers
3) By End User: Female, Male, Other End Users
Geographical Insights: North America Leading The Sex Toys Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Sex Toys Market Definition
Sex toys are devices or objects designed for sexual pleasure and enhancement. They can include a wide range of products used to stimulate erogenous zones or facilitate sexual activities alone or with a partner. These products are intended to provide enhanced pleasure and exploration of one's sexual desires and fantasies.
Sex Toys Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global sex toys market report covering trends, opportunities, strategies, and more
The Sex Toys Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on sex toys market size, sex toys market drivers and trends, sex toys market major players and sex toys market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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