The online sex toys market size is expected to grow by USD 13.40 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 12.45% during the forecast period. The growing LGBTQ population in developed countries is notably driving the online sex toys market. However, factors such as cultural taboos and stringent laws in regional markets may impede market growth. The market is segmented by gender (Female and Male), product (Adult vi
North America Sex Toys Market Report 2021: Market to Reach $24.92 Bn by 2027 - Changing Perspectives of Customers Toward Utilization of Sex Toys and Increasing Number of Online Sex Toys Retailers
June 02, 2021 04:28 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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The North America sex toys market is anticipated to reach US$ 24,920.3 million by 2027 from US$ 13,476.8 million in 2019. The market is projected to grow at a CAGR of 8.0% from 2020 to 2027.
The sex toys market in North America is growing primarily due to the changing perspectives of customers toward utilization of sex toys and increasing number of online sex toys retailers. However, increased risk of adverse effects of harmful chemicals in sex toys is likely to hamper the market growth.