Pune, Maharashtra,India, November 10 2020 (Wiredrelease) Origius Systems Private Limited :Global sex toys market is going to experience a massive growth during the forecast period. E-commerce segment will be the most lucrative. Female segment will be the most profitable. North America will dominate the market.
The global sex toys market is expected to generate a revenue of $ 45,767.2 million at a CAGR of 7.9% during the forecast period, according to the recent report published by Research Dive. The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market from growth factors, challenges, other market dynamics, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market.
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Market Dynamics: Growth Drivers, Restraints, Opportunities
Changing consumer perception about sexual enhancement are the factors behind the growth of the market. Growing popularity of sex toys among the LGBTQ community is also another driving factor. Moreover, the legalization of sex toys in many countries and awareness spread via social media platform are other factors attributing to the growth of the industry. Sex toys come with several features such as remotely connected devices, virtual devices and augmented reality devices. These the factors enhancing the growth of the market.
The high-costs associated with the products along with chemicals used in sex toys are expected to hinder the growth of the sex toys market.
Growing demand for products and growing e-commerce platforms are anticipated to generate enormous investment opportunities in the sex toys market.
The report has divided the market into different segments based on distribution channel, end-user, and regional analysis.
E-commerce Segment will become the Most Beneficial
E-commerce distribution channel will experience a significant growth and is estimated to generate a revenue of $26,956.9 million by 2026. This is mainly because of growing e-commerce business and key manufactures focusing to create awareness about sex toys products through e-commerce.
Female Segment will be the Most Profitable
Female sub-segment generated the largest market size in 2018 and is further projected to continue its leading positing during the forecast period. The reason behind this growth is the growing popularity and adoption of sex toys by females. About 69% of sex toys are being purchased by women across the globe.
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North America to Dominate the Market
North America region generated the highest share in 2018 is further estimated to lead the market with $12,906.4 million by 2026. This growth is attributed to growing usage of sex toys products to enhance sexual experience in the region.
Key Players and Business Strategies
As per the report, the leading players of the global sex toys market include are CRYSTAL DELIGHTS, LELO, FUN FACTORY, LUVU BRANDS, ANSELL LTD, Lovehoney Group Ltd, Doc Johnson Enterprises, Tantus Technologies, Inc., BMS Factory, Spot of Delight, ADAM EVE STORES, WE-VIBE, and Church Dwight Co., Inc.
The report also recapitulates many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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