In public, at say, a renfaire, No.
The tickler is going for a reaction. The ticklee is giving off a "Oh look I'm helpless vibe".
In private, Yes.
The skin is the largest organ on the body. Soft touch stimulates arousal, also know as foreplay.
Almost any spot can be an erogenous zone but certain spots such as neck, nipples, thighs and soles of the feet can be stimulated in such a way that an intense reaction is triggered. The pleasure/pain syndrome.
When someone ties another person down removing there will
and subjecting them to the will of the tickler a certain sexual attraction occurs.
The Tickler gets off on the power and control as well as the reaction he can cause from his helpless victim.
The Ticklee will become aroused at the helplessness of their situation as well as the stimulation of nerves.
A give and take scenario which if you put in a different context is the same scenario as love making.