Dublin, July 12, 2021 (GLOBE NEWSWIRE) -- The "Sex Toys Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Material; Gender; Distribution Channel, and Geography" report has been added to ResearchAndMarkets.com's offering.
The Sex Toys market was valued at US$ 30,974.79 million in 2020 and is projected to reach US$ 55,648.88 million by 2028; it is expected to grow at a CAGR of 4.31% during 2019-2027.
The growth of the market is mainly attributed to factors such Changing perception of customers toward utilization harmful chemicals in sex toys of sex toys and increasing number of online sex toys retailers are driving the growth of the sex toys market. However, restrain the market growth. Further increasing investment by sex toys manufacturers offer lucrative opportunities for the growth of the global sex toys market.
Increasing number of E-commerce platforms is one of the prominent reasons boosting the adoption of sex toys. Though the use of sex toys in the region is being normalized, majority of the customers in North America prefer hiding their identity while purchasing sex toys. Online or E-commerce platform allows customers to hide their identity while purchasing such products, leading to the increase in purchase of sex toys.
Moreover, considerable number of market players are actively entering into the market due to substantial market potential. For instance, in 2015, the company named Ella Paradis started its operation in the US. The company is engaged in offering customized products for sexually active adults through its E-commerce platform.
Moreover, the company has also conducted a study in the US, which states that the use of sex toys in the US has grown up by 10.0% during the pandemic period. Such growing presence of online retailers and preference for online platforms to buy sex toys are estimated to drive the growth of the Global sex toys market during the forecast period.
Based on material, the global sex toys market is segmented into metal, silicone, plastic, glass, and others. The silicone segment held the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period. By gender, the global sex toys market is segmented into male and female. The female segment held a larger share of the market in 2020, and it is further expected to register the highest CAGR in the market during 2021-2028.
Key Topics Covered:
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. Sex Toys Market - Market Landscape
4.2 PEST Analysis
4.3 Experts Opinion
5. Sex Toys Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Changing Perception of Customers Toward Utilization of Sex Toys
5.1.2 Increasing Number of Online Sex Toys Retailers
5.2 Market Restraints
5.2.1 Harmful Chemicals in Sex Toys
5.3 Impact Analysis of Drivers and Restraints on the Market
5.4 Market Opportunities
5.4.1 Increasing Investment by Sex Toys Manufacturers
5.5 Future Trends
5.5.1 Increasing Adoption of Technology in Sex Toys
5.5.2 App-Enabled Distance Toys and Bluetooth-Powered Toys
5.5.3 Adventurous Toys
5.5.4 USB-Rechargeable Toys
5.5.5 Sex Toys for Medicalization and Sexual Health Promotion
5.6 Impact Analysis of Trends on the Market
6. Sex Toys Market- Global Analysis
6.1 Global Sex Toys Market Revenue Forecast and Analysis
6.2 Global Sex Toys Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
6.3.1 List of some of Big E-Commerce's Platforms in the U.S. and Canada
6.3.2 List of Specialty Stores Operating in the US and Canada
6.3.3 More commentary on the differences in consumer behaviour regarding men vs woman
7. Sex Toys Market- By Material
7.2 Sex Toys Market Share, by Material, 2020 and 2028 (%)
8. Sex toys Market- By Gender
8.2 Sex toys Market Share, by Gender, 2020 and 2028 (%)
9. Sex toys Market- By Distribution Channel
9.2 Sex toys Market Share, by Distribution Channel, 2020 and 2028 (%)
9.4 Specialty Stores
10. Sex toys Market - Geographic Analysis
11. Impact of COVID-19 Pandemic on North America Sex Toys Market
12. Sex toys Market- Industry Landscape
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.4 Inorganic Developments
13. Company Profiles
Lovehoney Group Ltd.
Tenga Co. Ltd.
Fun Factory GmbH
WOW Tech International GmbH
Lifestyles Healthcare PTE LTD
For more information about this report visit https://www.researchandmarkets.com/r/85tnvh
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