|Growing Adoption of Sex Toys during COVID-19
A newest report on the global sex toys market has been added by Research Dive to its repository. The report presents exhaustive insights on the impact of COVID-19 pandemic on the present and future prospective of the global industry, by analyzing important factors such as key drivers & limitations, newest trends & advances, regional market circumstances, and size & scope of the market during the pandemic. The report states that the COVID-19 pandemic has made a positive impact on the market growth.To get more news about 国产色视频网免费, you can visit our official website.
The global sex toys market is expected to witness noteworthy growth and garner $49,705.7 million, Growing with a CAGR of 9.2% from 2019 to 2026 due to the rising demand and popularity for sex toys in the lockdown period amidst the pandemic. The fact that having close contact with COVID-19 infected person while getting physical is also contributing to the growing demand for sex toys in this crisis period.
Sex toys manufacturing companies are heavily investing in novel product design and developments to meet the requirements of people during the pandemic. For instance, in March 2021, CamSoda, an adult entertainment webcam platform, launched ‘Teledildonics’ technology to develop sex toys that can stimulate women during food delivery.
Despite the pandemic crisis, the Asia-Pacific sex toys market is estimated to observe significant growth and dominate the market from 2019 to 2026. The growth of this region market is mainly owing to rising adoption of sexual enhancement devices in this region.
The report provides numerous tactics and strategies of the foremost players functioning in the market such as the new product developments, latest strategic plans & approaches, financial performance, product portfolio, and SWOT analysis. For instance, in March 2021, Womanizer, one of the leading sex toy brands, launched world's first biodegradable and recyclable sex toy.