NEW YORK—A new study from ReportLinker.com claims the market for online sex toy sales will grow steadily at a compound annual growth rate of more than 7 percent by 2022.
The industry research report unveils an analysis of the online sex toys sector established on the type of products including dildos, erection rings, adult vibrators and others. The analysis also introduces an in-depth study of the market's growth prospects across regions including the Americas, Asia-Pacific (APAC), and EMEA (Europe, Middle East and Africa).
According to the study, the adult vibrators segment accounted for the major share of the online adult toys market during 2017. Owing to the increased adoption among users and the new product innovations in terms of shape, size, texture, and color replicating male genitalia, the adult vibrators segment will lead the online sex toys market in the coming years as well.
During 2017, APAC accounted for the maximum share of the online sex toys market. Our analysts have predicted that the region will contribute to the maximum growth of this market during the next few years as well. According to this analysis, the growth of the market in this region will mainly attribute to the low cost involved in manufacturing sex toys in countries such as China. Moreover, the increased adoption of products in countries such as China, India, Japan, and Singapore also influences the growth of this adult toys market.
The report addresses several key areas, including :
• What are the key factors driving the global online sex toys market?
• Who are the key vendors in the global online sex toys market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
Find the full report here.
