The global male sex toys market size is expected to reach ~US$ 31,699 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~7.5% between 2019 and 2029. According to the report, enhancing sexual experience and rising adoption of cutting-edge technology for development of innovative products are the major drivers for the growth of male sex toys in the market. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the male sex toys market. Some of these are:
- The estimated value of the market was at ~US$ 15,380 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
- Regionally, North America dominates the male sex toys market globally.
- East Asia emerges as one of key markets owing to increasing use of sex toys among both men and women.
- Growth of online sales channel is expected to boost the sales of male sex toys over the forecast period.
- Key players are likely to focus on new product innovation such as using of increasing sound quality, noise cancellation etc. to stay relevant in developed markets.
Female Sex Toys to Witness Highest Growth
The sex toys market is primarily dominated by male consumers. Marketing and promotion of these products are considered as one of the growth reasons. Advancement of technology and growing desire to enhance sexual experience led the market for higher sales. At present, manufacturers are currently focusing on female consumers which are expected to expand at higher CAGR owing to growing interest for sex toys among female. Moreover, availability of products mainly in online channel also boost the sales of sex toys market. The popularity of vibrators, anal beads, and penile rings has increased over the past. Growing urbanization and growing sex culture also fuel the usage of such sex toys among women.
Who is Winning?
Some of the leading players operating in the male sex toys market are Church & Dwight Co., Inc.; Reckitt Benckiser Group plc; LELO; LifeStyles Healthcare Pte Ltd; Doc Johnson Enterprises; Lovehoney Group Ltd; BMS Factory; Tenga Co., Ltd.; Fun Factory; We-Vibe. As a result of increasing competition, companies are focusing on expanding their product portfolio with new innovation. In addition to this, mergers and acquisition remains a popular strategy among market players. Companies intend to expand their regional footprint through strategic collaborations.
For More Detailed Insights on Male Sex Toys Market
- In 2017, Fleshlight launched automated masturbation machine which enhances the masturbation experience
Get Valuable Insights into Male Sex Toys Market
Future Market Insights, in its new report, presents an unbiased analysis of the global Male Sex Toys market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the male sex toys market based on product type (male masturbators, cock rings, penis sleeves, male prostate toys, sex doll toys, penis enhancement toys and others), demographics ( male, female), by price range (premium/luxury, mid-range/economy), sales channel (offline, online), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously track emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.