Business

Adult Industry Insights: Market Report

As we stepped into the 21st century, sex has finally stopped being a taboo. Although many are still reluctant to talk openly about what happens behind the closed bedroom doors, when it comes to business – numbers are doing all the talking instead of us. Maybe somewhat unexpectedly, adult toys industry has grown rapidly in the last couple of years; they have transitioned from something awkward and secretive to a multibillion dollar industry.

What triggered the change

The reasons for a sudden growth in popularity are numerous. However, the most prominent one is the fact that the society, in general, is much more liberal than ever before. With the Internet providing us with higher levels of privacy (or at least the illusion of it) we feel like we can shop for toys online without being judged. Furthermore, it was the entertainment industry that contributed greatly, as well; with 50 Shades of Gray and its sequels taking the world by storm, it did not take fans long to rush to the store and get the props from the movie for themselves.

Current state of affairs

Through some of the world’s biggest retailers who have turned the business ‘front and center’, this industry has continued to gain more mainstream acceptance. Now, adult toys stand as a $15 billion USD market, which is expected to surpass $50 billion USD by the year 2020. There are a multitude of manufacturers and distributors world-wide, and based on the current state of affairs, we are certain that the industry will experience a rapid success in the years and decades to come.

Who are the customers?

Although at first glance we can say that the customer base of the adult industry is evenly split between men and women, there are certain differences when we look at the specific products. Both sexes shop for sex lingerie equally, but these customers are mostly the ones who are in a long-term relationship. When it comes to single women, they opt for vibrators more often than those in a relationship, and single men shop for more lubricants.

When talking about the age of customers, these are mostly people between 30 and 50; the reason behind this might be that younger people don’t feel the need to buy adult toys, whereas those who are older are too conservative to try them. We are yet to see whether this will change in the future; many expect the age limit to go up, since those who are now being raised in this more liberal environment are likely to continue to act accordingly later in life.

Top selling products

If we were to take a sneak peek in one of the adult toys stores like Max Black, we’re likely to see women shopping for clothes, and men opting for more exotic products, since statistics show they do not refrain from getting both male and female stimulation devices. When it comes to vibrators, women are the main customers, and interestingly enough, they usually choose the ones which are in natural or even smaller sizes. However, when men shop for vibrators, they will go for those longer than 8 inches. Finally, wigs are also quite popular products, and they are mostly purchased by men, who are looking to take their silver screen fantasies into their bedroom.

Conclusion

With adult industry on the rise, it is evident that it offers endless possibilities for investment. Today’s society is much more liberal; we are much more understanding when it comes to expressing our sexual needs and tendencies. From this point forward, we are certain that these trends will continue in the future, as well.