Press release
Sex Toys Market to Witness Growth Acceleration During 2019-2026 with Highest Trending Key factors like LELO, PHE Inc, Aneros Bad Dragon Enterprises, Inc., Beate Uhse AG, and Tantus, Inc.
Sex toys
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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.
Global Sex Toys Market Outlook
The North America sex toys market is expected to be the most dominant during the forecast period. This is mainly due to the wide scale acceptance of sex toys in North America especially in the U.S. According to the Society for Scientific Study of Sexuality, the U.S. accounted for the highest number of Google searches for sex toys, standing at approximately 100 searches per 1000 people. The U.S.-based company Comingle launched the Mod in 2014, a vibrating dildo that could be customized and can be set to vibrate according to the requirement, level of excitement, amongst others. Factors such as these are expected to drive the growth of the sex toys market in the region.
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.
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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.
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
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