The current growth of the global market is estimated as being around 7 to 10 percent a year, but Joshua from Technavio thinks that as people in developing countries overcome their inhibitions surrounding sex toys the growth rate of global sales will increase to something like 10 to 15 percent in the next few years.
Keeping this in view, is the sex toy industry big?
Size of the sex toy market worldwide 2019-2026
Usage and ownership of sex toys is on the rise worldwide. The global sex toy market is expected to grow by about nine percent between 2019 to 2026, from approximately 28.64 billion U.S. dollars to around 52.7 billion U.S. dollars in that time period.
Herein, how much money is in the sex toy industry? The Sex Toys market in the U.S. is estimated at US$7.1 Billion in the year 2020. The country currently accounts for a 28.92% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.6 Billion in the year 2027 trailing a CAGR of 8.9% through 2027.