Analysts Forecast 6.91% Growth Rate in Global Sex Toys Market
DUBLIN — Analysts with Research and Markets, which today published a whitepaper titled "Global Sex Toys Market 2016-2020," are forecasting a compound annual growth rate of 6.91 percent in the global sex toys market for the next four years.
“Sex toys are sexual stimulation devices used to enhance pleasure and create a memorable experience for the user,” Research and Markets analysts said. “These toys are quickly gaining prevalence and traction in the market. They are entering the mainstream market because of growing acceptance.
“The adoption of these products is expected to increase in the coming years across all age groups due to increasing awareness and wide availability of sex toys. Among various sex toys, vibrators and cock rings are the predominantly used sex toys.”
Wearable technology is an innovation in the sex toys industry, which is predominately shaping the dynamics of the market, analysts said.
“In the current scenario, remote-controlled wearable sex gadgets are available in the market. These gadgets provide vibrations and thus enhance sexual pleasure. OhMiBod is one such sex toy brand that is equipped with this technology."
The report, “Global Sex Toys Market 2016-2020,” was prepared based on an in-depth market analysis with inputs from industry experts, including those from Ansell Healthcare, Doc Johnson, BMS Factory, LELO, Luvu Brands, Adam & Eve, Aneros, Bad Dragon, Beate Uhse, Crystal Delights, Eve Garden, Fun Factory, Happy Valley, Je Joue, Jimmyjane, Laid, LoveHoney, OhMiBod, Tantus and Tenga.
Pictured: OhMiBod's Lovelive ad