Press release
Sex Toys Market Revenue Opportunies By Key Vendors BMS Factory, Doc Johnson Enterprises, LELO, PHE Inc, Aneros Bad Dragon Enterprises, Inc., Beate Uhse AG, and Tantus, Inc.
The major factors that contribute to the growth of the sex toys market include increasing awareness and acceptance of such toys for sexual pleasure and increasing use of these amongst couples and the LGBT community. However, various government regulations and low government approval of sex toys products in emerging economies such as India and South Africa with regards to the sale and distribution of these toys due to the taboo related to the use of the products is a major factor that is expected to affect the growth of the sex toys market.
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Global Sex Toys Market Taxonomy
Global sex toys market is segmented as
By Product Type
Dildos
Vibrators
Cock rings
Others
By Distribution Channel
Supermarkets
Specialty stores
Online Stores
Others
By End User
Men
Women
Challenges in the sex toys market
A major factor that is expected to affect the sex toys market is the low government approval of sexual products especially amongst the emerging economies in the regions of Asia Pacific. For instance sale of sex toys is illegal in India. Sale of sex toys is a punishable offense under the section 292 of Indian penal code, as sex toys are considered an "obscene" product. However, the online sale of sex toys is not illegal and could prove to be a major driver for the growth of the sex toys market in India.
Apart from this, currently there are no safety regulations that exist in the sex toy industry. These toys are sold as novelty items and do not need to comply with any specific regulations that include reporting the chemicals and materials such as phthalates and chemical plasticizers levels used in the product. However, regulations such as REACH do exist, and some sex toys are compliant to this though, there is no obligation for manufacturers to comply with these regulations.
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The wide scale acceptance of sex toys has resulted in the rise in number of manufacturers of sex toys and online channels adding numerous new products in their product portfolio. The National Association for the Advancement of Science & Art in Sexuality (NASAAS), was established in 2013, which is the first trade group that exists in the sex-toy industry and has around 700 member companies. Manufacturers are integrating innovative technologies in their products in order to strengthen their presence in the global sex toys market. For instance, Honk Kong-based Lovense launched Max and Nora the first app-based, Bluetooth sex toys in 2013
Some of the major manufacturers in the Global sex toys market are BMS Factory, Doc Johnson Enterprises, LELO, PHE Inc, Aneros Bad Dragon Enterprises, Inc., Beate Uhse AG, and Tantus, Inc.
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