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LONDON–(BUSINESS WIRE)–According to the latest market research report released by Technavio, the global sex toys market is expected to accelerate at a CAGR of almost 7% during the forecast period. Mainstream exposure to sex toys is one of the key factors triggering the growth of the market.

This research report titled ‘Global Sex Toys Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

The market research analysis categorizes the global sex toys market into the following products:

  • Erection rings
  • Dildos
  • Adult vibrators

In 2016, the adult vibrators segment accounted for 17% of the global market and is projected to reach 24% by 2021, exhibiting almost 2% increase in market share.

The growing LGBT population is an emerging trend in the sex toys market space. The LGBT population is increasingly becoming a part of the mainstream population in countries such as the US. A study conducted by the Pew Research Center in 2013 revealed that news stories supporting same-sex marriage outweighed those opposing it by a margin of 5:1 ratio. They are directly impacting various industries including the global sex toys market. Sex toys are highly used by the LGBT population and the adoption rate among them has also increased. Among the various sex toys, adult vibrators and massagers are the most used products. Thus, the increase in their population has induced vendors to design various sex toys for these customers.