LONDON–(BUSINESS WIRE)–Sep 12, 2018–According to the latest market research report released by Technavio, the global sex toys market is expected to accelerate at a CAGR of almost 7% during the forecast period. Mainstream exposure to sex toys is one of the key factors triggering the growth of the market.
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Technavio has published a new market research report on the global sex toys market from 2017-2021. (Graphic: Business Wire)
This research report titled ‘ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global sex toys market into the following products:
Erection ringsDildosAdult vibrators
In 2016, the adult vibrators segment accounted for 17% of the global market and is projected to reach 24% by 2021, exhibiting almost 2% increase in market share.
Global sex toys market: Top emerging trend
The growing LGBT population is an emerging trend in the sex toys market space. The LGBT population is increasingly becoming a part of the mainstream population in countries such as the US. A study conducted by the Pew Research Center in 2013 revealed that news stories supporting same-sex marriage outweighed those opposing it by a margin of 5:1 ratio. They are directly impacting various industries including the global sex toys market. Sex toys are highly used by the LGBT population and the adoption rate among them has also increased. Among the various sex toys, adult vibrators and massagers are the most used products. Thus, the increase in their population has induced vendors to design various sex toys for these customers.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Market OutlineGlobal Sex Toys Market Overview
Market Sizing and ForecastsMarket GrowthMarket Drivers and ChallengesKey Emerging Trends
Market Segmentation Analysis
Regional comparison (APAC, Americas, and EMEA)Key leading countriesMarket segmentation by product (erection rings, dildos, and adult vibrators)Market segmentation by distribution channels (online stores and retail outlets and specialty stores)
Vendor classificationMarket positioning of vendorsCompetitive scenarioAnalysis of top vendors (Ansell, BMS Factory, LELO, LUVU BRANDS, and Doc Johnson)
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 10,000 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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SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 09/12/2018 12:22 PM/DISC: 09/12/2018 12:22 PM
Copyright Business Wire 2018.