Technavio, a tech-focused market research firm, has published a new report on the global erection ring market, which is expected to experience a moderate growth rate with a CAGR of more than 7% during the forecast period 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global erection ring market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global erection ring market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global erection ring market for 2015 (market share %)
|
Americas |
36.31% |
|
APAC |
33.12% |
|
EMEA |
30.57% |
Source: Technavio
Erection ring market in the Americas
The Americas accounted for around 36% share of the global erection ring market in 2015. The major end-user in the region is the US, due to a high awareness about these products and their capability to enhance sexual experience.
According to Amber Chourasia, a lead analyst at Technavio, specializing in research on health and wellness, “Changing cultural values and rising tendency to experiment with technologically advanced sexual wellness products will fuel the demand for sex toys such as erection rings during the forecast period. Moreover, the increasing number of adult stores due to a rapid hike in demand from old women and couples to enhance their sex lives, will also drive growth in the erection ring market in the coming years.”
In addition, in the US, there is a high prevalence rate of premature ejaculation, especially among men aged above 50, resulting in the increased use of erection rings for prolonged erection to achieve a satisfactory sexual intercourse. With an increase in the number of premature ejaculation cases, the consumption of erection rings is likely to increase during the forecast period. Further, vendors get occasions such as festivals and trade shows to display their products and increase the consumers’ interest in purchasing them. Some of the South American countries such as Chile, Argentina, and Brazil are currently observing a growth in their respective markets owing to an increasing trend of novels, movies, and other media that are promoting the concept of sexual wellness.
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Erection ring market in APAC
The increasing disposable income and high population in the region have enabled people in APAC to spend more on sex toys to meet their sexual desires. Some APAC countries such as China accounting for over 70% of the global manufacturing of sex toys, is the highest consumer and producer of sexual wellness products. Apart from China, countries such as Japan and India are the major contributors to sex toys market due to an increase in awareness and rise in availability of these products, especially through online stores. The changing perception of consumers toward erection rings and the growing acceptance of sex paraphernalia will lead to increased spending on adult products soon. Moreover, rising online penetration will help individuals to take better responsibility for their sexual health. Other countries such as Thailand, Vietnam, and Indonesia will also significantly contribute towards the growth in the coming years.
Erection ring market in EMEA
In EMEA, the UK is the largest end-user in the erection ring market owing to the presence of strong distributional channel, which makes easier for consumers to purchase erection rings. The other contributors of the region are Germany, France, and Italy. The high sexual awareness among people in the region is accelerating the sale of sophisticated and high-end sexual pleasure products, including erection rings. The governments in the region are recommending new regulations to encourage the use of these products to address sexual problems such as early ejaculation. EMEA is observing an increase in premature ejaculation related cases that will probably help in the growing use of sex toys such as erection rings.
The top leading vendors operating in the global erection ring market are:
- BMS Factory
- California Exotic
- Church and Dwight
- LELO
- Reckitt Benckiser
Other prominent vendors in the market include Adam & Eve, Ann Summers, Aneros, Bad Dragon, Beate Uhse, Diamond Products, EdenFantasys, Eve’s Garden, Fun Factory, Holistic Wisdom, Je Joue, Lovecraft, LoveHoney, Love Life Products, Tantus, TENGA, The Pleasure Chest (Crystal Delights), OhMiBod, Vibratex, and Vixen Creations.
A more detailed analysis is available in the Technavio report tilted, ‘Global Erection Ring Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Sex Toys Market 2016-2020
- Global Adult Store Market 2016-2020
- Global Adult Vibrator Market 2016-2020
- Sexual Wellness Market in the US 2016-2020
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