LGBTQ toys have low market penetration at the moment. It’s unclear exactly what portion of that revenue comes in from LGBTQ people, but there’s plenty of reason to believe that number is likely to grow. Some say that number could swell to $52 billion by 2020. Activists are suddenly and successfully designing playthings for people who don’t get off with dildos, fleshlights, and the usual kit.Īccording to market research group Statistic Brain, global sales of sex toys were estimated to reach $15 billion in 2014.
Industry interest in the arena has triggered grassroots efforts and vice versa. Right now, the sex toy industry is one of these capitalist frontiers and entrepreneurs are racing to cash in on toys designed for specific consumers and specific uses.
It has created new markets for entrepreneurs.
The LGBTQ rights movement hasn’t just created civil rights for individuals.
