Online Sex Toys Market Analysis Highlights the Impact of COVID-19 (2020-2024) | Growing LGBT Population in Developed Countries to Boost the Market Growth | Technavio

Technavio has been monitoring the online sex toys market and it is poised to grow by USD 5.74 billion during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• What was the size of the online sex toys market in 2019?

• Technavio says that the value of the market was USD 12.18 billion in 2019 and is projected to reach USD 17.92 billion by 2024.

• Based on segmentation by product, which is the leading segment in the market?

• The adult vibrators segment is expected to be the leading segment in the global market during the forecast period.

• What is the YOY growth rate of the online sex toys market for 2020?

• The year-over-year growth for 2020 is estimated at 4.07% and the incremental growth of the market is anticipated to be USD 5.74 billion during the forecast period.

• Who are the top players in the market?

• 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. are some of the major market participants.

• What are the key market drivers and challenges?

• Growing LGBT population in developed countries and increase in innovative marketing of products are the major factors driving the market. However, cultural taboos and stringent laws in regional markets restraints the market growth.

• How big is the APAC market?

• The market in the APAC region was valued at USD 4.95 billion in 2019 and it is anticipated to grow to USD 7.41 billion by 2024.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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 market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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The growing LGBT population in developed countries has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Online Sex Toys Market 2020-2024: Segmentation

Online Sex Toys Market is segmented as below:

• Product
  • Adult Vibrators
  • Erection Rings
  • Dildos
  • Others
• Geography
  • APAC
  • Europe
  • North America
  • South America
  • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40487

Online Sex Toys Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The online sex toys market report covers the following areas:

• Online Sex Toys Market Size
• Online Sex Toys Market Trends
• Online Sex Toys Market Analysis

This study identifies an increase in innovative marketing of products as one of the prime reasons driving the online sex toys market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Online Sex Toys Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist online sex toys market growth during the next five years
• Estimation of the online sex toys market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the online sex toys market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of online sex toys market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five Forces Summary
• Bargaining power of buyers
• Bargaining power of suppliers
• 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 2019-2024
• Erection rings - Market size and forecast 2019-2024
• Dildos - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Product

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Drivers, Challenges, and Trends

• Market drivers
• Volume driver - Demand led growth
• Volume driver - Supply led growth
• Volume driver - External factors
• Volume driver - Demand shift in adjacent markets
• Price driver - Inflation
• Price driver - Shift from lower to higher priced units
• 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

   

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