Online Sex Toys Market to record USD 7.48 Bn incremental growth -- Driven by growing LGBT population in developed countries

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Sep 30, 2022, 22:30 ET

NEW YORK, Sept. 30, 2022 /PRNewswire/ -- The global online sex toys market will be driven by the growing LGBT population in developed countries. The LGBT community is supported by mainstream news media in many developed countries. In 2015, 379 corporations and employer organizations urged the Supreme Court in the country to remove state bans on gay marriage. Goldman Sachs, Google, Morgan Stanley, and Coca-Cola were some of the organizations that were part of this initiative. The support for the LGBT community is also evident in an objective in the US Department of Health and Human Services. The Healthy People 2020 initiative was solely dedicated to improving the health and wellness of this population.

Technavio has announced its latest market research report titled Global Online Sex Toys Market 2022-2026

The LGBT population is the primary adopter of sexual wellness products. They are among the primary purchasers of sex toys, including dildos, adult vibrators, and erection rings. Thus the expanding LGBT population is expected to positively influence the growth of the market in focus during the forecast period. Use our insights to make effective decisions. Download Free Sample Report

Technavio estimates the market size to grow by USD 7.48 billion, accelerating at a CAGR of 8.25% between 2021 and 2026. Besides, the growing LGBT population, the growth of the market will also be driven by the rapid growth of e-commerce in APAC and an increase in cases of ED. However, cultural taboos and stringent laws in regional markets might reduce the growth potential of the market.

Online Sex Toys Market: Product Landscape

By product, the market is segmented by adult vibrators, erection rings, dildos, and others. The market observed significant demand for adult vibrators in 2021. Factors such as the changing perception of people toward sex toys, including vibrators, new product launches, and product innovations are driving the growth of the segment.

Online Sex Toys Market: Geographic Landscape

By geography, APAC is going to have lucrative growth during the forecast period. About 52% of the market's overall growth is expected to originate from APAC. Factors such as rising government initiatives and the increasing presence of vendors in developing countries are driving the growth of the online sex toys market in APAC.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Request Sample PDF Report

Companies Covered:

Adam and Eve Stores
Bad Dragon Enterprises Inc.
BMS Factory
Cliq Ltd.
FUN FACTORY GmbH
ItspleaZure
JIMMYJANE
LELOi AB
LifeStyles Healthcare Pte. Ltd.
Love Honey Group Ltd
Lovetreats
Luvu Brands Inc
Pipedream Products LLC
Reckitt Benckiser Group PLC
Tantus Inc.
TENGA Co. Ltd.
The Aneros Co.
VIBRATEX Inc.
WOW Tech International GmbH

What our reports offer:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data for 2021, 2022, until 2026
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Related Reports:

Online Sex Toys Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 8.25%
Market growth 2022-2026	USD 7.48 billion
Market structure	Fragmented
YoY growth (%)	7.85
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 52%
Key consumer countries	US, Canada, China, Japan, Germany, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Adam and Eve Stores, Bad Dragon Enterprises Inc., BMS Factory, Cliq Ltd., FUN FACTORY GmbH, ItspleaZure, JIMMYJANE, LELOi AB, LifeStyles Healthcare Pte. Ltd., Love Honey Group Ltd, Lovetreats, Luvu Brands Inc, Pipedream Products LLC, Reckitt Benckiser Group PLC, Tantus Inc., TENGA Co. Ltd., The Aneros Co., VIBRATEX Inc., and WOW Tech International GmbH
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2021
Market outlook: Forecast for 2021-2026
Market outlook

Five Forces Analysis

Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
he threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Product

Market segments
Comparison by product placement
Adult vibrators - Market size and forecast 2021-2026
Erection rings - Market size and forecast 2021-2026
Dildos - Market size and forecast 2021-2026
Others - Market size and forecast 2021-2026
Market opportunity by product

Customer Landscape

Overview

Geographic Landscape

Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2021-2026
Europe - Market size and forecast 2021-2026
North America - Market size and forecast 2021-2026
South America - Market size and forecast 2021-2026
MEA - Market size and forecast 2021-2026
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Overview
Vendor landscape
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
BMS Factory
Church and Dwight Co. Inc.
Doc Johnson Enterprises
FUN FACTORY GmbH
LELOi AB
LifeStyles Healthcare Pte Ltd.
Lovehoney Group Ltd.
Luvu Brands Inc.
Reckitt Benckiser Group Plc
TENGA Co. Ltd.

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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