Global Online Sex Toys Market 2020-2024
Technavio has been monitoring the global online sex toys market and it is poised to grow by USD 5.74 bn during 2020-2024, progressing at a CAGR of 8% during the forecast period. Our reports on online sex toys market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growing LGBT population in developed countries. In addition, increase in innovative marketing of products is anticipated to boost the growth of the online sex toys market as well.
Technavio’s global online sex toys market is segmented as below:
- Adult vibrators
- Erection rings
- North America
- South America
Key Trends for online sex toys market growth
This study identifies increase in innovative marketing of products as the prime reasons driving the online sex toys market growth during the next few years.
Prominent vendors in online sex toys market
We provide a detailed analysis of around 25 vendors operating in the online sex toys market, including some of the vendors such as 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 and TENGA Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.