The European economy is severely affected due to the exponential growth of COVID-19 cases in the region. Spain, Italy, Germany, France, and the UK are among the most affected European countries and number of deaths are also high. The current coronavirus (COVID-19) outbreak has been declared by WHO as a Public Health Emergency of International Concern, according to the International Health Regulation. Furthermore, the lockdown disturbs the transportation system which directly effect on supply chain systems, which has resulted in a loss for various companies operated in this region. This disturbs supply chain has impacted on retail sales of sex toys in this region. But, the COVID-19 impact has positive on the e-commerce channels sales. Since March 2020, Cult Beauty, a UK-based online retailer, has seen a 61% rise in ‘sex tech' products. This rise in production support the growth of the sex toys market during the pandemic situation. Similarly, According to Quidco (UK), sex toy sales in the UK rose by 25% in the first two weeks of the first UK lockdown.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the sex toys market. The Europe sex toys market is expected to grow at a good CAGR during the forecast period.
Report Attribute | Details |
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Market size in 2021 | US$ 9,419.9 Million |
Market Size by 2028 | US$ 15,342.3 Million |
Global CAGR (2021 - 2028) | 7.2% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Material
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Regions and Countries Covered | Europe
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Market leaders and key company profiles |