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Sex Toys Market Size

Report ID: GMI5613
Published Date: May 2023
Report Format: PDF

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Sex Toys Market Size

Sex Toys Market size was valued at more than USD 22 billion in 2022 and will progress tremendously to reach over USD 50 billion by 2032 at 8.7% CAGR. Increasing awareness regarding sexual well-being coupled with growing acceptance and demand for sex toys will accelerate the industry growth potential.

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Sex toys are devices or products that are designed to enhance sexual pleasure and stimulation. They can be used during solo masturbation or as part of sexual activity with a partner. Sex toys come in many different shapes, sizes, and materials, and can be used to stimulate various erogenous zones on the body. Increasing popularity of sex toys has been observed worldwide.

Sex Toys Market Report Attributes
Report Attribute	Details
Base Year:	2022
Sex Toys Market Size in 2022:	USD 22 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8.7%
2032 Value Projection:	USD 50 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	356
Segments covered:	Product, End-user, Distribution Channel, and Region
Growth Drivers:	Increasing spending capacity Changing perception of customers Rising awareness about sexual wellbeing Increasing investment in sex tech companies
Pitfalls & Challenges:	Chemicals used in sex toys Lack of government regulations for manufacturers

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The global pandemic has affected millions of people worldwide, resulting into high mortality. However, the pandemic had positively influenced market progress owing to awareness regarding sexual health and related wellness product enhanced product demand during pandemic. Moreover, several industry participants introduced varied online campaigns and offered several sexual wellness products that propelled market expansion during this phase.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The market for sex toys was valued at more than USD 22 billion in 2022 and will reach over USD 50 billion by 2032.

Vibrators segment will reach over USD 16 billion by the end of 2032 due to increased consumer interest in sex and related activities.

North America sex toys market will grow at 8.4% CAGR between 2023 to 2032. This is attributed to the large presence of manufacturers and distribution channels across the region.

Reckitt Benckiser Group Plc, LELO, Lifestyles Healthcare Pte Ltd, DOC Johnson Enterprises, Lovehoney Group Ltd, Tenga CO., LTD, Fun Factory, WE-VIBE Ltd, and PinkCherry are some of the major manufacturers of sex toys.