Global Sex Toys Market to Reach $74.9 Billion by 2030
In the ever-evolving and expanding world of personal pleasure products, the global Sex Toys market is projected to skyrocket from a valuation of US$41.3 Billion in 2022 to an impressive US$74.9 Billion by 2030.
This market analysis reflects both recent performance and future prospects for different types of sex toys, such as adult vibrators, dildos, erection rings, and other varieties. Sales channels, including online stores, specialty stores, and mass merchandisers, are also explored. The data highlights the evolving landscape of the sex toys industry, reflecting changing consumer preferences and growing acceptance of these products worldwide.
This substantial market growth is driven by changing societal attitudes towards sexual wellness and the emerging normalization of sex toy usage globally. Uncover the factors of this rising lucrative market with the comprehensive market research report at your fingertips.
Understand key growth sectors such as Adult Vibrators forecasted to reach US$33.4 Billion and Dildos segment resting at a promising 7.3% CAGR for the next eight years.
The global sex toys market has witnessed significant growth, with sales projected to continue rising from 2022 to 2030 across various geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World.
The Sex Toys market in the U.S. is estimated at US$13.6 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$12.3 Billion by the year 2030 trailing a CAGR of 10.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.2% and 7.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.5% CAGR.
Dive into the competitive landscape with featured insights on impactful industry giants such as Adam & Eve Co., The Aneros Company, and Doc Johnson Enterprises.
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Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
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MARKET OVERVIEW
Sex Toys – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Overcoming Stigma Surrounding Sexual Wellness Provides the Foundation for Growth in the Sex Toys Market
Robustly Growing Demand for Sexual Wellness Products is a Harbinger of Good Times to Come for the Sex Toys Market: Global Market for Sexual Wellness (In US$ Billion) for Years 2020, 2022, 2024, 2026 & 2028
Sex Toys: Definition, Types & Benefits
Recent Market Activity
Innovations
World Brands
MARKET TRENDS & DRIVERS
COVID-19 Induced Lockdowns Brings About Positive Changes in Sexual Wellness Products Including Sex Toys
Growing Population Drives Increased Use of Sex Toys
A Sexually Liberated Population Bodes Well for the Sex Toys Market: World Population by Geographic Region (In Thousands): 2010-2040
Rising Acceptance of Sex Toys as Appropriate Wedding Presents Opens a New Avenue for Sales Growth
Annual Number of Marriages Worldwide per 1000 People for Major Countries: 2019
Acceptance of the Growing LGBTQ Community Drives Demand for Sex Toys
% Share of LGBTQ Community in Global Population by Type for the Year 2021
Connected Sex Toys Rise in Prominence
Steadily Growing Popularity of Male-centric Sex Toys to Give a Boost to Market Prospects
Surging E-commerce Market and Shifting Consumer Behavior Sustain Online Sales of Sex Toys
Development of Technologically Sophisticated Sex Toys and Continuous Innovation Bodes Well for Growth
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eufyCam E330 (Professional) works seamlessly with the HomeBase 3 data hub to deliver “no blind spot” video surveillance, continuous recording and accurate facial recognition for both large home property and small business areas
BELLEVUE, Wash., Sept. 15, 2023 /PRNewswire/ — eufy Security, Anker Innovations’ smart security brand, today launches the eufyCam E330 (Professional) security camera, designed with the industry’s first cross camera tracking system. This proprietary technology automatically splices together videos of the same event and person, in order of occurrence, across the multiple eufyCam E330 cameras mounted in different locations on the user’s residential or business property. This best-in-class innovation creates a seamless, chronological event video to comprehensively monitor movement and activity, as well as dramatically reduce blind spots.
“The cross-camera tracking technology built into the eufyCam E330 line was inspired by similar technology used in the banking and traffic industries to enable seamless monitoring of human movement as the subject moves out of frame from one camera and into frame on another camera,” said Frank Zhu, eufy Security General Manager. “We also integrated 24/7 continuous recording capabilities and our ultra-accurate BionicMind AI facial and body recognition technology into this device to deliver a powerful security solution for both homeowners and small business proprietors.”
Constant Recording for Constant Peace of Mind
Simple wired plug and play installation ensures that the camera can continuously record without running out of power. The eufyCam E330 camera maintains a constant connection utilizing enhanced Wi-Fi coverage that reaches every corner of the user’s home or business (up to 5,000 sq. feet / 464 sq. meters), avoiding security blind spots triggered by Wi-Fi signal dropouts or insufficient coverage.
Accurate Monitoring and Expandable Local Storage with No Monthly Fees
The eufyCam E330 is fully compatible with HomeBase 3*, providing the user expandable local storage up to 16 TB (up to six months of 24/7 recorded video data) with no fees for storing or accessing the data. HomeBase 3 harnesses BionicMind AI machine learning technology to recognize familiar faces, body shape and position, pets and vehicles. Every time someone passes through the camera’s field-of-view, their face, body and movements are sent to HomeBase 3. The more information the new data hub receives, the more precise its analysis will become — up to 99% accuracy. In addition, BionicMind’s facial recognition capabilities helps users capture and categorize past video footage as family members, friends or other frequent visitors. HomeBase 3, BionicMind and the eufy Security app work together to identify and instantly notify users of strangers or intruders who’ve been spotted near their home/property on a single intuitive user interface.
*Each HomeBase 3 hub includes a 1 TB hard drive
4K Clarity and Color Day or Night
The eufyCam E330 camera is designed with a true 4K lens and sensor, delivering the ability for users to clearly read car license plate details from more than 30 feet/10 meters away. The camera’s f/1.4 large aperture lens integrates a powerful night vision sensor, high-powered infrared technology, and a bright 100-lumen spotlight to display accurate colors and clarity during bright sunlight, darkness and all hours in between. The spotlight can also be set to motion activation to help ward off intruders.
Product specifications
Camera Resolution
4K (3840×2160) resolution
Night Vision
Color Night Vision enabled by spotlight and large f/1.4 aperture lens.
Audio
Two-way communications with alert siren up to 105 dB
Spotlight
Built-in spotlight with motion-activated sensor up to 100 lumens
Weatherproof
IP 67 rating (waterproof and dust resistant)
Voice Assistant Compatibility
Amazon Alexa and Google Assistant
Connectivity
802.11 b/g/n 2.4 GHz Wi-Fi
Size
2.8 × 2.8 × 8.1 in (7.1 × 7.1 × 20.7 cm)
Weight
0.82 lb. (372 g)
Pricing and Availability The eufyCam E330 will be available for retail sale as a 4-camera bundle with one HomeBase 3 hub, a 2-camera bundle with a Homebase 3, or as a single add-on camera. Pricing and availability are included below:
U.S. – available on eufy.com and Amazon.com starting September 15
4-camera bundle with one HomeBase 3 – $599.99
2-camera bundle with one HomeBase 3 – $349.99
Add-on camera – $129.99
UK – available on eufy.com and Amazon.com starting September 28
4-camera bundle with one HomeBase 3 – £599.99
2-camera bundle with one HomeBase 3 – £349.99
Add-on camera – £129.99
Germany – available on eufy.com and Amazon.com starting September 28
4-camera bundle with one HomeBase 3 – 649.99 €
2-camera bundle with one HomeBase 3 – 399.99 €
Add-on camera – 129.99 €
Netherlands – available on eufy.com and Amazon.com starting September 28
4-camera bundle with one HomeBase 3 – 699.99 €
2-camera bundle with one HomeBase 3 – 399.99 €
Add-on camera – 129.99 €
About eufy Security
With a unique focus on privacy protection, eufy Security offers a home security ecosystem that focuses on smart technologies, artificial intelligence, and unmatched battery life. eufy Security keeps data safe by storing it locally under encryption accessible only by the user. Find more information about eufy Security at eufy.com.
About Anker Innovations Anker Innovations is a global leader in charging technology and a developer of unique, consumer electronic products that support premium audio, mobile entertainment, smart home and home energy storage. This innovation is being led by its seven key brands: Anker, AnkerWork, AnkerMake, eufy, Nebula, Solix and soundcore. More information on Anker Innovations and its various brands can be found at anker.com.
MENTOR, Ohio, Sept. 15, 2023 /PRNewswire/ — The Cardinal Credit Union, a member-owned, not-for-profit financial cooperative serving the community through high-performance banking products and services, is extending its partnership with Lakeland Community College to provide students, staff and alumni with a tailored school-branded Rewards VISA® Credit Card. The card is designed to enhance financial well-being while supporting the Lakeland Foundation, a 501(c)(3) nonprofit organization established as the fundraising entity for Lakeland Community College.
Lakeland Community College is a public institution of higher education, holding classes on a 400-acre campus in Kirtland, Ohio, and additional off-campus learning centers throughout Lake County, Ohio. Established in 1967, the college provides the community with learning opportunities for students seeking associate degrees, certificates, professional development, and transfer education.
The Lakeland Affinity VISA card offers many features, including no annual fee, no balance transfer fees, and 1.5% cash back on all purchases with no limits. Notably, 1% cashback will directly be awarded to the cardholder and 0.5% will accrue to the Lakeland Foundation to fund opportunities, relationships, and other resources for student success and to enrich the quality of life for the community.
The card provides a competitive interest rate and is specifically determined by a member’s credit standing. As a Lakeland Rewards VISA® cardholder, members also gain exclusive access to Cardinal’s bonus campaigns, elevating members’ online and in-person banking experiences throughout the year.
Cardinal Credit Union provides financial education throughout the community with an integrated financial education program at Lakeland Community College and six area high schools, where Cardinal operates several in-school branches. Students have a chance to learn more about positive money management through a hands-on approach.
“Cardinal Credit Union takes great pride in crafting tailored solutions that truly enrich our community,” said Christine Blake, CEO of Cardinal Credit Union. “Our collaboration with Lakeland Community College underscores this commitment. Through the Lakeland Affinity card, our valued cardholders can enjoy customized bonus reward campaigns, unlocking added value with Lakeland and its partners, including the campus bookstore and additional select merchants.”
ABOUT CARDINAL CREDIT UNION Headquartered in Mentor, Ohio, Cardinal Credit Union is a 70-year-old fiercely independent, member-owned not-for-profit financial cooperative that offers a broad range of banking products and services that people need and use every day – including checking accounts, CDs, credit cards, auto loans, debt-consolidation loans, mortgages and more. As a not-for-profit financial institution, any profits earned by the credit union are returned to its members in the form of fewer fees, lower loan rates, and higher savings interest. Everyone is welcome, and membership is instant. Banking can be done online, via Cardinal’s app, or by stopping in at one of its seven branches. For more information, visit our website at https://www.cardinalcu.com/.
MEDIA CONTACT Janet Brumfield IdealPR+ for Cardinal Credit Union [email protected] 614.582.9636
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON RESIDENT AND/OR LOCATED IN, ANY JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL (SEE “OFFER AND DISTRIBUTION RESTRICTIONS” BELOW).
THIS ANNOUNCEMENT IS FOR INFORMATION ONLY AND IS NOT AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER TO SELL ANY SECURITIES.
COPENHAGEN, Denmark, Sept. 15, 2023 /PRNewswire/ — A.P. MØLLER – MÆRSK A/S (the “Offeror“) is today announcing the results of its previously announced cash tender offer (the “Offer“) in respect of any and all of its outstanding 3.875% U.S. dollar denominated notes set out in the table below (the “Notes“).
The Offer was made on the terms and subject to the conditions set out in Maersk’s offer to purchase dated September 7, 2023 and the related Notice of Guaranteed Delivery (the “Offer to Purchase“). Capitalized terms with respect to the Offer not otherwise defined in this announcement have the same meaning as in the Offer to Purchase.
Results for the Offer:
The Tender Agent informed the Offeror that $298,637,000 in aggregate principal amount of its Notes were validly tendered and not validly withdrawn by 5:00 p.m., New York City time, on September 14, 2023 (the “Expiration Deadline“), as more fully set forth in the table below. The Offeror has accepted all Notes that were validly tendered and not validly withdrawn prior to the Expiration Deadline. In addition, $314,000 in aggregate principal amount of the Notes were tendered in the Offer using the Guaranteed Delivery Procedures.
The table below sets forth, among other things, the principal amount of each series of Notes validly tendered and not validly withdrawn at or prior to the Expiration Deadline:
Title of Security
Issuer
ISIN/CUSIP
Principal Amount Outstanding
Aggregate Principal Amount Tendered Excluding Notes Tendered Using Guaranteed Delivery Procedures
Aggregate Principal Amount Tendered Using Guaranteed Delivery Procedures
Purchase Price(1)
3.875% Notes due 2025
A.P. Møller – Mærsk A/S
Rule 144A: US00203QAD97 /
00203Q AD9
Reg S: USK0479SAE83 /
K0479S AE8
$500,000,000
$298,637,000
$314,000
$972.91
(1) The Purchase Price for each $1,000 principal amount of the Notes validly tendered and not validly withdrawn at or prior to the Expiration Deadline and accepted for purchase by the Offeror.
The Settlement Date is expected to be September 18, 2023 and the Guaranteed Delivery Settlement Date is expected to be September 19, 2023. For the avoidance of doubt, holders whose Notes are tendered and purchased in the Offer pursuant to the Guaranteed Delivery Procedures will not receive payment in respect of any interest for the period from and including the Settlement Date to the Guaranteed Delivery Settlement Date.
FURTHER INFORMATION
D.F. King & Co., Inc. acted as Tender Agent. Citigroup Global Markets Limited and MUFG Securities Americas Inc. acted as Dealer Managers.
Questions regarding the Offer should be directed to Citigroup Global Markets Limited at +44 20 798 68969 (Europe), +1 (800) 558 3745 (U.S. Toll Free) or +1 (212) 723 6106 (U.S.) and MUFG Securities Americas Inc. at +442076285555 / +33170914255 (Europe), +1 (877) 744-4532 (U.S. Toll Free) or +1 (212) 405-7481 (U.S.).
FORWARD-LOOKING STATEMENTS
From time to time, the Offeror may make statements, both written and oral, regarding our assumptions, projections, expectations, intentions or beliefs about future events. These statements constitute “forward-looking statements”. The Offeror cautions that these statements may and often do vary materially from actual results. Accordingly, the Offeror cannot assure you that actual results will not differ materially from those expressed or implied by the forward-looking statements. You should read the sections entitled “Risk Factors” in the Offer to Purchase, in the Group’s annual report in respect of the financial year ended December 31, 2022 (the “Annual Report“) and H1 2023 Interim Report of the Offeror, which are incorporated by reference therein and “Forward-Looking Statements” in the Annual Report and H1 2023 Interim Report of the Offeror, which are incorporated by reference in the Offer to Purchase.
Any forward-looking statements made herein or in the documents incorporated by reference herein speak only as of the date they are made. Except as required by the U.K. Financial Conduct Authority (the “FCA“) or the Danish Financial Supervisory Authority (the “DFSA“), as applicable, any applicable stock exchange or any applicable law, the Offeror expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in the Offer to Purchase or the documents incorporated by reference herein to reflect any changes in expectations with regard thereto or any new information or any changes in events, conditions or circumstances on which any such statement is based. The reader should, however, consult any additional disclosures that A.P. Møller – Mærsk A/S has made or may make in documents that A.P. Møller – Mærsk A/S has filed or may file with the DFSA.
LAS VEGAS, 15 de septiembre de 2023/PRNewswire/ — El 12 de septiembre, comenzó el tan esperado RE+ 2023 en The Venetian Convention and Expo Center en Las Vegas, EE.UU. Como la exposición profesional y feria comercial más grande para la industria de la energía solar en Norteamérica, RE+ atrajo a una multitud masiva. Runergy hizo una aparición espléndida en el evento, mostrando una variedad de productos emblemáticos de módulos fotovoltaicos que fueron bien recibidos por los asistentes.
El primer día de la exposición RE+, Runergy logró avances significativos en la expansión de su alcance global. Hyperion, la marca de módulos de alta gama de Runergy, firmó un acuerdo estratégico global con Nanosun, dirigido a mercados como Europa, Oriente Medio y Estados Unidos. Además, Hyperion celebró un acuerdo de cooperación estratégica con Grape Solar, centrándose en el mercado estadounidense. Mitchell Aguirre, director de operaciones de Nanosun, expresó calurosamente su gran confianza en trabajar con Hyperion para crear soluciones innovadoras de energía verde. Ocean Yuan, fundador y consejero delegado de Grape Solar, enfatizó que ambas compañías comparten el compromiso de asociación y alianzas estratégicas, y que existe un inmenso potencial para la cooperación futura.
En RE+ de este año, Runergy presentó una serie de módulos de alta eficiencia que utilizan la tecnología de celdas tipo N más vanguardista, así como la tecnología de celdas PERC convencional. Entre ellos, el módulo de alta eficiencia tipo N de 54 medias celdas se presenta con un diseño estético completamente negro que se adapta a aplicaciones en tejados y su peso ligero es fácil y práctico de instalar. Aunque es de tamaño pequeño, tiene mucha potencia, con una potencia de salida máxima de 425 W, lo que genera un mayor retorno y un ciclo de inversión más corto para los propietarios de viviendas. Los otros dos módulos tipo N son de media celda de 72 y 78, perfectos para proyectos montados en el suelo y sistemas de seguimiento. Con la posición de liderazgo de Runergy en I+D y fabricación de células tipo N de alta eficiencia, estos productos ofrecen a los propietarios de proyectos un LCOE más bajo y un mayor valor a largo plazo. El módulo tipo N de 72 medias celdas también está reconocido como el de mayor rendimiento general, con un rendimiento superior en todas las pruebas rigurosas de tres disciplinas esenciales, incluida la calidad, el rendimiento y la fiabilidad, realizadas por RETC. La compañía también presentó el módulo PERC de vidrio único de 72 medias celdas, producido en su fábrica de Tailandia. Runergy ha entrado en la industria fotovoltaica desde hace diez años y sus envíos acumulados de células superan los 50GW. Runergy se dedica a proporcionar continuamente productos de alta eficiencia con alto valor para clientes globales.
Durante este magnífico evento de la industria solar, Runergy organizó una gran apreciación para los clientes y una cena de gala del décimo aniversario, conocida como “Runergy’s Night”, en el Palms Casino Resort Hotel en Las Vegas. Asistieron el Dr. Longzhong Tao, presidente de Runergy, y Ellen Wang, directora de ventas globales de Runergy. El Dr. Longzhong Tao expresó su más sincero agradecimiento a los invitados, mientras que Ellen Wang repasó la historia del desarrollo de Runergy durante la última década y compartió su visión para el futuro. Las actividades de la noche incluyeron cortar un “pastel del décimo aniversario”, compartir con los clientes, presentaciones musicales y otros eventos emocionantes. Los asistentes elogiaron los productos, los conceptos de desarrollo y la visión de futuro de Runergy, expresando su entusiasmo por trabajar mano a mano con Runergy.
Runergy Group fue fundada en 2013. Después de diez años de desarrollo e innovación, y con el apoyo y cuidado de sus socios, ha crecido hasta convertirse en una empresa fotovoltaica con más de 10.000 empleados en todo el mundo, líder en ventas de células solares y una cadena industrial global. En el futuro, Runergy continuará optimizando el diseño de la cadena industrial, arraigando en la exploración tecnológica, ampliando la internacionalización, construyendo competitividad a largo plazo y trabajando con socios globales para crear una nueva marca de energía confiable para los usuarios.
Markum Solar Farm Represents Scout’s First Greenfield Solar Farm Construction Project
BOULDER, Colo., Sept. 15, 2023 /PRNewswire/ — Scout Clean Energy (Scout), a Colorado-based renewable energy developer-owner-operator is pleased to announce they have signed an agreement with Colgate-Palmolive to purchase power from Scout’s 209-megawatt (MWdc) Markum Solar Farm (Markum) near Waco, Texas. Markum Solar Farm will generate enough clean energy for the ERCOT grid to power approximately 32,200 homes.
Scout plans to begin project construction in fall 2023. Scout Clean Energy will manage the construction and it is targeted to be complete by the end of 2024.
“With the PPA and construction contracts executed, we are extremely excited to move forward with the 209 MW Markum Solar project. These contracts provide Scout the certainty to build our first solar project,” said Michael Rucker, CEO and founder of Scout Clean Energy. “We had significant interest in the project and are pleased to have completed a power purchase agreement with Colgate-Palmolive.”
“Colgate-Palmolive is committed to making progress towards our ambitious Net Zero goals, and we are pursuing this important priority through innovative and diverse ways that are proven and measurable,” said Ann Tracy, Chief Sustainability Officer, in Colgate-Palmolive’s announcement. “Virtual Power Purchase Agreements (“VPPAs”) are a valuable part of our renewable energy master plan and will help us achieve our targets of Net Zero carbon emissions by 2040 and 100% renewable electricity across our global operations by 2030.”
Markum is in both McLennan and Bosque Counties and is scheduled for delivery in 2024. The project will result in approximately 300 temporary construction jobs and 3 permanent full-time positions when the facility begins operation and the economic benefits to the community from new tax revenue over the life of the project are expected to be significant.
“We are pleased to work with Colgate to deliver carbon-free solar energy and make a significant investment into the local community, creating new sustainable energy jobs and tax revenue for local schools. The planned facility represents a significant investment in Texas and communities in Bosque and McLennan Counties,” explained Rucker. “Colgate’s commitment made this possible.”
Scout is a portfolio company of Brookfield Renewable. Brookfield acquired Scout at the beginning of 2023, and Scout continues to execute on its significant growth plans.
“Markum Solar is an important catalyst for Scout and provides us with our first greenfield solar project that is ready for construction. Markum paves the way for additional Scout-owned projects which are scheduled to commence construction over the next year,” said Michael Rucker.
Scout’s legal advisor was Stoel Rives LLP and Colgate-Palmolive’s legal advisor on the transaction was Morgan, Lewis & Bockius.
About Scout Clean Energy
Scout Clean Energy is a renewable energy developer and owner-operator headquartered in Boulder, Colorado with approximately 1,000 MW of operating and under construction wind assets, and a pipeline of over 19,000 MW of wind, solar and storage projects across 22 states, including more than 2,300 MW of advanced-stage projects. Scout has expertise in all aspects of renewables project development, permitting, power marketing, finance, construction, 24/7 operations, and asset management. For more information, please visit www.scoutcleanenergy.com
About Brookfield Renewable
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, utility-scale solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 31,300 megawatts of installed capacity and a development pipeline of approximately 134,400 megawatts of renewable power assets, 13 million metric tonnes per annum (“MMTPA”) of carbon capture and storage, 3 million tons of recycled material and 4 million metric million British thermal units of renewable natural gas production annually.
Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately $850 billion of assets under management.
