Global Sex Toys Strategic Market Report 2023: A $74.9 Billion Market by 2030 - Development of Technologically Sophisticated Sex Toys and Continuous Innovation Bodes Well for Growth

DUBLIN, June 7, 2023 /PRNewswire/ -- The "Sex Toys: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Sex Toys Market to Reach $74.9 Billion by 2030

The global market for Sex Toys estimated at US$41.3 Billion in the year 2022, is projected to reach a revised size of US$74.9 Billion by 2030, growing at a CAGR of 7.7% over the analysis period 2022-2030.

Adult Vibrators, one of the segments analyzed in the report, is projected to record a 8.2% CAGR and reach US$33.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Dildos segment is readjusted to a revised 7.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $13.6 Billion, While China is Forecast to Grow at 10.6% CAGR

The Sex Toys market in the U.S. is estimated at US$13.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.3 Billion by the year 2030 trailing a CAGR of 10.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 7.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.

What's New for 2023?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

MARKET OVERVIEW

• Sex Toys - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Overcoming Stigma Surrounding Sexual Wellness Provides the Foundation for Growth in the Sex Toys Market
• Robustly Growing Demand for Sexual Wellness Products is a Harbinger of Good Times to Come for the Sex Toys Market: Global Market for Sexual Wellness (In US$ Billion) for Years 2020, 2022, 2024, 2026 & 2028
• Sex Toys: Definition, Types & Benefits
• Recent Market Activity
• Innovations
• World Brands

MARKET TRENDS & DRIVERS

• COVID-19 Induced Lockdowns Brings About Positive Changes in Sexual Wellness Products Including Sex Toys
• Growing Population Drives Increased Use of Sex Toys
• A Sexually Liberated Population Bodes Well for the Sex Toys Market: World Population by Geographic Region (In Thousands): 2010-2040
• Rising Acceptance of Sex Toys as Appropriate Wedding Presents Opens a New Avenue for Sales Growth
• Acceptance of the Growing LGBTQ Community Drives Demand for Sex Toys
• Connected Sex Toys Rise in Prominence
• Steadily Growing Popularity of Male-centric Sex Toys to Give a Boost to Market Prospects
• Surging E-commerce Market and Shifting Consumer Behavior Sustain Online Sales of Sex Toys
• Development of Technologically Sophisticated Sex Toys and Continuous Innovation Bodes Well for Growth

FOCUS ON SELECT PLAYERS (Total 63 Featured) 

• Adam & eve Co.
• The Aneros Company
• Bad Dragon Enterprises, Inc.
• Bijoux indiscrets
• BMS Factory
• Crystal Delights
• Doc Johnson Enterprises
• Fun Factory USA Inc.
• Hot Octopuss limited
• LELOi AB
• Lovehoney Group Ltd.
• Luvu Brands, Inc.
• OhMiBod
• Beckitt Benckiser Group Plc
• Tantus, Inc.
• Tenga Co., Ltd.
• we-vibe

For more information about this report visit https://www.researchandmarkets.com/r/kdm5xd

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SOURCE Research and Markets