Situational Forecast on Sex Toys Market Size to 2026

Situational Forecast on Sex Toys Market Size to 2026

In Research Dive’s latest research report results, they predicted that in 2026, the global market size of erotic products is expected to be more than 45,767.2 million, with a compound annual growth rate (CAGR) of 7.9 percent, compared with the 2018 epidemic before the arrival of growth.

The reasons for the current steady growth of the global market for erotic products are manifold, first of all, people’s attitudes towards erotic products are gradually opening up, and more and more people are beginning to accept and use erotic products, especially among the young population, the use of erotic products is very common. This makes the popularity and utilization rate of erotic products greatly increased. In addition, sex is universal, and can be used by all ages except minors, and is very inclusive of some minority groups such as the LGBT community, which has further accelerated the popularity of sex toys globally, and the growing LGBT population in the developed world is expected to bring considerable growth to the market for erotic toys.

In addition, the current mainstream media such as many pop cultures and movies have also accelerated the popularization of erotic toys, and these mass-accessible communication media have played a very important role in removing the stigma of erotic toys. As people become more open about their sexual desires, demand for sex toys and lubricants is expected to rise, contributing to market expansion.

And with the increased popularity of e-commerce across the globe and the emergence of numerous online retailers, the global sex toys market is once again witnessing greater growth opportunities. Online platforms such as Amazon are providing users with convenient purchasing options and fast home delivery services, who are further fueling the growth of the market.

In 2018, the global sex toys market was largely dominated by the e-commerce segment, where most people started learning to buy sex toys on online platforms. The e-commerce segment accounted for 63.2 percent of the overall market share.Due to the continuous expansion of online platforms across the globe, the segment of erotic products is likely to grow significantly over the predictable timeframe. Much of the growth in the online platforms segment is due to the convenience and privacy of the online platforms and the fact that they are often cheaper than offline stores, which are features that perfectly address the needs of the erotic products audience.

Women’s products account for the majority of the market share in the sex toys market and are expected to grow at a significant CAGR of 7.9. Women are the largest consumers of sex toys, purchasing around 69% of the total number of products globally, which makes the types of products for women on the market tend to be more numerous and sell better. In addition, the emergence of noiseless, portable and rechargeable sex toys for both men and women, as well as an increase in the number of products for the male population, will allow the male end-users to enjoy a healthy and steady growth in the expected future.

The Asia Pacific market is currently growing at a fast pace and is expected to grow at a CAGR of 8.3% and will generate substantial revenues over the foreseeable timeframe. The key driver for the growth of the Asia Pacific market is the increasing number of online retailers in economies such as China, New Zealand, and Australia. Also, the increasing acceptance of sex toys in regions such as Japan and China, and the strong manufacturing capabilities in China make China a major driver for the growth of the Asia-Pacific sex toys market in the coming monumental years.

The North American market has maintained the largest size of the sex toys market in the previous years and is still growing within the forecast, this dominance is mainly due to the openness of the North American population towards sex and the increasing acceptance of sex toys in the region. North America market is expected to reach USD 12,906.4 million by 2026

Key players in the sex toys market include INYAROSE, LUVU BRANDS, LELO, ANSELL LTD, FUN FACTORY, Lovehoney Group Ltd, BMS Factory, Tantus Technologies, Inc. and Doc Johnson Enterprises, CRYSTAL DELIGHTS, ADAM & EVE STORES, Spot of Delight, WE-VIBE, Church & Dwight Co. These key players are adopting various strategies such as new product promotions, joint ventures, product development, and mergers & acquisitions to increase their market share in the overall erotic products industry.

Porter’s Five Forces Analysis for the Sex Toys Market:

Vendors’ exchange capacity: In the context of booming global e-commerce, the number of online vendors is also increasing, which gives them strong bargaining power. As a result, the exchange capacity of suppliers is expected to be high.

Bargaining power of buyers: Buyers have considerable bargaining power due to the large number of buyers and the growing demand for sex toys to enhance the sexual experience. Therefore, the bargaining power of the buyers is expected to be high.

Threat of New Entrants: Stringent government regulations on the approval of erotic products and the high initial investment required for manufacturing facilities make it a low risk for new entrants to enter the global market.

Threat of Substitutes: There are few substitutes in the sex toys market, which supports its growth. Therefore, the threat of substitutes has been assessed as “low”.

Industry Competition: The market consists of a large number of small, medium and large enterprises. These manufacturers mainly adopt strategies such as mergers and acquisitions, geographical expansion, and technological development to gain competitive advantage. Intense competition in the industry is expected to continue.