The report forecasts the sex toys market in APAC to grow at a CAGR of 7.13% during the period 2016-2020.
One of latest trends in the market is emergence of 3D printing in sex toys. The advent of 3D printing technology has enabled the industry to offer inimitable personalization capacities, which can be a key influencer for sex toys consumption. The rapid development in 3D printing has also enabled users to 3D print at home. However, a major problem in creating homemade 3D printed sex toys is that they require some preparation to make it safe for use. Also, the developments in 3D printing have enabled a few specialized online websites to allow users to create custom sex toys such as vibrators and dildos online, then download or stream the 3D file to print it at home using a desktop 3D printer.
Further, the technology has also made it possible to design and procure online a 3D printed vibrator, which will be 3D printed by the sex toy vendor and shipped to the customer with anonymity. 3D printing is expected to act as a disruptive technology in the market providing the option of customization of sex toys for buyers that will ultimately lead to high satisfaction rates in the coming years.
According to the report, one of the primary drivers in the market is paradigm shift in the perception of sex toys. Sexual experiences are stigmatized in most conventional societies, especially in the APAC countries such as India and China. However, this has been changing as consumers are becoming more sexually empowered with increased awareness and supportive environments. The development of the BDSM concept and the acceptance of homosexuality, which was earlier viewed negatively by people from most cultures within APAC, are also leading to increased exploration and have strengthened demand in the market.