04-August-2022

Online Sex Toys Market: APAC with a 43% Growth Rate leads the Market During 2020-2024

The online sex toys market size is set to post an incremental growth of USD 5.74 billion, accelerating at a CAGR of 8% during the forecast period. Technavio investigates the key markets and the factors that are likely to boost online sex toys market growth along with challenges that need to be surpassed to promote success in the market. The online sex toys market report also provides key segments and offers competitive benchmarking of the key market players and their product portfolios.


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Online Sex Toys Market: APAC to lead market growth during the forecast period

  • APAC emerged as the leading geographical segment in recent years and is expected to contribute 43% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the online sex toys market size.
  • One of the key drivers that are likely to drive market growth is the growing LGBT population in developed countries. However, the cultural taboos and stringent laws in regional markets will be a major challenge for the online sex toys market during the forecast period. The report provides a detailed analysis of all the online sex toys market trends that are likely to influence the growth of individual segments within the market as well as the overall market.  These insights will equip clients with all the information they need to plan COVID-19 recovery and growth strategies.
  • The report segments the market by Product (Adult vibrators, Erection rings, Dildos, and others) and Geography (APAC, Europe, North America, South America, and MEA). A detailed analysis of each segment and its contribution to the online sex toys market share is provided along with factors that are likely to boost the market growth.

Online Sex Toys Market: APAC with a 43% Growth Rate leads the Market During 2020-2024

Online Sex Toys Market: Vendor Landscape

BMS Factory, Church and Dwight Co. Inc., Doc Johnson Enterprises, FUN FACTORY GmbH, LELOi AB, LifeStyles Healthcare Pte Ltd., Luvu Brands Inc., Reckitt Benckiser Group Plc, and TENGA Co. Ltd. are some of the major online sex toys market vendors. The market is fragmented and the growth of the players in this market is dependent on several factors such as prevalent market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the growth of the market.  

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of 8%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 5.74 billion.

     
  3. What is a key factor driving this market?
    The growing LGBT population in developed countries will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    43% growth will originate from APAC.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are BMS Factory, Church and Dwight Co. Inc., Doc Johnson Enterprises, FUN FACTORY GmbH, LELOi AB, LifeStyles Healthcare Pte Ltd., Luvu Brands Inc., Reckitt Benckiser Group Plc, and TENGA Co. Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Adult vibrators, Erection rings, Dildos, and others) and Geography (APAC, Europe, North America, South America, and MEA).
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