The widespread acceptability and popularity of sex toys among all age groups have led to a surge in the number of sex toy producers and e-commerce platforms, bringing a plethora of new products to their product line. The National Association for the Advancement of Science and Art in Sexuality was formed in 2013 as the first trade organization in the sex toy sector (NASAAS). Around 700 firms have signed up for this.
Technological advancements have increased the quality of sex toys and introduced a slew of new products to the market. Material (silicone and glycerin lube and Cyberskin dildos), design (high-end chrome with acrylic butt plugs and dildos), and usefulness are all aspects of these advances (remote control vibrators). Such integration of modern technology into their products has increased new product launches.
Increased product demand is being driven by a shift in customer expectations and interests and an increase in the acceptability of sexual health products. According to a recent Forbes sexual wellness study, the number of premium Sex-Tech businesses in Europe has increased by 88%, with countries such as the United Kingdom, Germany, Denmark, Sweden, Greenland, and other western European countries reporting significant product demand. Also predicted that sales through online distribution channels will increase by more than 20% by 2022. All of these elements are generating enormous economic prospects and, as a result, are drawing investors to the sex toys industry.
Furthermore, after only three years of operation, a German sex-toy e-commerce firm named Amorelie is valued at USD 41.1 million and is now part of the NuCom Group. In addition, Lovehoney, a market leader in sex toys in the United Kingdom, reported sales of USD 139 million in 2017. Similarly, Pureeros, the crowdfunding platform's first sex tech company, was just accepted. This has prompted numerous hesitant investors to fund enterprises in the sex toys business to allow enhanced client involvement with a more significant flood of suppliers. This is projected to create new prospects for market expansion soon.
Got questions about your regional growth of
Europe Sex Toys Market?
Just drop us a line or call on +1 646 480 7505
The pandemic has altered the growth of several industries. However, the outbreak's initial impact was mixed. Although a few industries experienced a reduction in demand, many others, such as online media business solutions, were projected to stay unaffected and to show significant development possibilities. Since sex toys are primarily sold online, the COVID-19 pandemic considerably influenced the European sex toy business. It is mainly because people don't want to buy these things because of the shame and taboo that comes with them.
Countries like the United Kingdom and Germany have seen a significant increase in demand for sexual health products as e-commerce firms and delivery networks continue to distribute products despite the lockout. The online sex toy industry has recently grown by 110% in Denmark. On the other hand, Ann Summers, a British lingerie company, has seen a 30% increase in their sex toys business since April 1st, 2020. Furthermore, Dildo King, a Berlin-based accessory provider, reported an 87% increase in year-on-year sex toy sales since the German restrictions were announced.
The European regional market is divided into several nations, including the United Kingdom, France, Germany, Italy, Spain, Poland, the Baltic States, and the Netherlands. Europe's most significant market contributors are Germany, Italy, France, the United Kingdom, Denmark, and Belgium.
A sex toy, such as a vibrator or dildo, is a device used to improve human sexual enjoyment. Many of these toys are fashioned to resemble human genitals of both sexes. The most well-known products in these countries include vibrators, dildos, plugs, and clamps. People who researched and looked at the European market found that the demand increased over the time they looked at it.
Market growth can be attributed to several things. For example, manufacturers benefit significantly from an unfettered market and production climate. Furthermore, sex toy industry protection standards do not exist in European countries like Germany, Denmark, and Holland. This enables firms to create products without disclosing the chemical or substances used in the product. As a result, manufacturers can produce a wide range of products under the umbrella of novelty toys. As a result, devices like dildos, vibrators, and E-stimulators are widely used for sexual enjoyment by both gender types, thus contributing to market growth.
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now