Published by mark itwired
Posted on October 12, 2021
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.
To remain ‘ahead’ of your competitors, request for Sample report>>>https://www.futuremarketinsights.com/reports/sample/rep-gb-11170
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.
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.
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).
The post Male Sex Toys Market Estimated To Experience A Hike In Growth By 2029 appeared first on Industry News Analsis.
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.
To remain ‘ahead’ of your competitors, request for Sample report>>>https://www.futuremarketinsights.com/reports/sample/rep-gb-11170
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.
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.
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).
The post Male Sex Toys Market Estimated To Experience A Hike In Growth By 2029 appeared first on Industry News Analsis.
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