Market Overview:
The global Buddhist supplies market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for Buddha statues, textile, books, metal and jade products, incense sticks, lights and candles among Buddhists across the globe. Moreover, rising application of Buddhist supplies in temples and residential areas is also propelling the growth of this market. However, high cost associated with these products may hamper the overall growth of this market in some regions during the forecast period. On basis of type, Buddha statues accounted for a major share of the global Buddhist supplies market in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to their growing popularity among Buddhists across different regions worldwide. Textile was another key type segmented in this market and accounted for significant share in 2017 due to its widespread use for making robes worn by monks as well as decorative items used inside temples or homes decorated with Buddhism theme respectively . Books are also gaining popularity among Buddhists owing to religious scriptures written on them while metal & jade segment is anticipated witness highest CAGR over 2018-2030 due their traditional values associated with it . On basis on application , temple held majority revenue share followed by residential area in 2017 . However , activity based applications such as meditation & yoga are projected exhibit highest CAGR over next decade owing growing trend amongst people towards healthy lifestyle practices .
Product Definition:
The term "Buddhist Supplies" generally refers to any items that are used in religious ceremonies or meditation practices. In Buddhism, these supplies can play an important role in helping practitioners focus on their spiritual journey. Some of the most common Buddhist Supplies include incense, candles, prayer beads, and statues of Buddha.
Buddha Statue:
Buddha Statue is a representation of the historical Buddha and has been used by many cultures as an object of worship. The current trend in the market seems to portray that statues are mainly used for meditation purposes, which is correct in most cases but there are other factors that drive its demand such as it serves as a focal point for home décor or can be used to create a beautiful piece of art on any flat surface.
Textile:
Textile is a man-made product used for the production of cloth, fibers or yarns from which clothing can be made. It includes natural and synthetic fibers used in the textile industry such as cotton, silk, wool & nylon. The other materials include rubber and leather. Textile products are classified into two major groups namely durable and non-durable depending upon their durability attributes.
Application Insights:
The residential application segment accounted for the largest revenue share of more than 40% in 2017. The rising number of Buddhists followers around the world, mainly due to the growing middle-class population is expected to remain a key factor driving product demand in this segment over the forecast period. Furthermore, government initiatives promoting Buddhism and building temples are anticipated to further fuel industry growth over next few years.
The activity application segment is expected to expand at a CAGR of XX% from 2018 to 2030 owing majorly on account of increasing participation rates among youth across various countries such as Japan, China, Taiwan and South Korea which has resulted in increased demand for sports goods including yoga mats and exercise equipment with Buddhist symbolism printed on them. However, high production cost associated with these products may hinder industry growth over forecast period thereby restraining CAGR downgradedto 5%.
Regional Analysis:
Asia Pacific dominated the global Buddhist supplies market in 2017. The region will retain its position throughout the forecast years owing to presence of a large number of Buddhists across countries such as China, Japan, and India. Moreover, increasing number of tourists traveling to various Asian countries for witnessing religious ceremonies is expected to increase demand for products such as lights and candles thereby driving regional growth.
North America is projected to grow at an exponential rate over the forecast period owing to rise in interest among people towards Eastern culture especially Buddhism along with strong influence from China and Japan on a daily basis through various channels including movies, music videos, advertisements etc., which has increased awareness towards these items thus boosting sales over there.
Growth Factors:
- Increasing popularity of Buddhism as a religion and way of life.
- Growth in the number of people who are interested in meditation and mindfulness practices.
- Rising demand for unique and personalized Buddhist supplies that reflect an individual's spiritual practice and beliefs.
- Increased awareness of the benefits of using Buddhist supplies for relaxation, stress relief, and self-care purposes.
- Growing interest in using Buddhist supplies to create a more peaceful and harmonious home environment
Scope Of The Report
Report Attributes
Report Details
Report Title
Buddhist Supplies Market Research Report
By Type
Buddha Statue, Textile, Books, Metal and Jade, Incense, Lights and Candles, Others
By Application
Temple, Residential, Activity, Others
By Companies
Jizo Spring Buddhist Supplies, Garuda Trading, Jalu Jems, Samadhi Cushions and Store, DharmaCrafts, Shakya Handicraft, Monastery Store, Buddha Groove, Beyaly Jewelry (Shenzhen) Limited, Jinzhou Huamei Quartz Electrical Appliance, Jinjiang Jiaxing Groups, Classic Jewelry & Accessory Limited, Art's King, Fuzhou Enjoy Art & Craft
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Buddhist Supplies Market Report Segments:
The global Buddhist Supplies market is segmented on the basis of:
Types
Buddha Statue, Textile, Books, Metal and Jade, Incense, Lights and Candles, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Temple, Residential, Activity, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Jizo Spring Buddhist Supplies
- Garuda Trading
- Jalu Jems
- Samadhi Cushions and Store
- DharmaCrafts
- Shakya Handicraft
- Monastery Store
- Buddha Groove
- Beyaly Jewelry (Shenzhen) Limited
- Jinzhou Huamei Quartz Electrical Appliance
- Jinjiang Jiaxing Groups
- Classic Jewelry & Accessory Limited
- Art's King
- Fuzhou Enjoy Art & Craft
Highlights of The Buddhist Supplies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Buddha Statue
- Textile
- Books
- Metal and Jade
- Incense, Lights and Candles
- Others
- By Application:
- Temple
- Residential
- Activity
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Buddhist Supplies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Buddhist supplies are items used by Buddhists to practice their religion. These supplies may include books, statues, incense, and other religious objects.
Some of the major companies in the buddhist supplies market are Jizo Spring Buddhist Supplies, Garuda Trading, Jalu Jems, Samadhi Cushions and Store, DharmaCrafts, Shakya Handicraft, Monastery Store, Buddha Groove, Beyaly Jewelry (Shenzhen) Limited, Jinzhou Huamei Quartz Electrical Appliance, Jinjiang Jiaxing Groups, Classic Jewelry & Accessory Limited, Art's King, Fuzhou Enjoy Art & Craft.
The buddhist supplies market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Buddhist Supplies Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Buddhist Supplies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Buddhist Supplies Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Buddhist Supplies Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Buddhist Supplies Market Size & Forecast, 2018-2028
4.5.1 Buddhist Supplies Market Size and Y-o-Y Growth
4.5.2 Buddhist Supplies Market Absolute $ Opportunity
Chapter 5 Global Buddhist Supplies Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Buddhist Supplies Market Size Forecast by Type
5.2.1 Buddha Statue
5.2.2 Textile
5.2.3 Books
5.2.4 Metal and Jade
5.2.5 Incense
5.2.6 Lights and Candles
5.2.7 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Buddhist Supplies Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Buddhist Supplies Market Size Forecast by Applications
6.2.1 Temple
6.2.2 Residential
6.2.3 Activity
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Buddhist Supplies Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Buddhist Supplies Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Buddhist Supplies Analysis and Forecast
9.1 Introduction
9.2 North America Buddhist Supplies Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Buddhist Supplies Market Size Forecast by Type
9.6.1 Buddha Statue
9.6.2 Textile
9.6.3 Books
9.6.4 Metal and Jade
9.6.5 Incense
9.6.6 Lights and Candles
9.6.7 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Buddhist Supplies Market Size Forecast by Applications
9.10.1 Temple
9.10.2 Residential
9.10.3 Activity
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Buddhist Supplies Analysis and Forecast
10.1 Introduction
10.2 Europe Buddhist Supplies Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Buddhist Supplies Market Size Forecast by Type
10.6.1 Buddha Statue
10.6.2 Textile
10.6.3 Books
10.6.4 Metal and Jade
10.6.5 Incense
10.6.6 Lights and Candles
10.6.7 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Buddhist Supplies Market Size Forecast by Applications
10.10.1 Temple
10.10.2 Residential
10.10.3 Activity
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Buddhist Supplies Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Buddhist Supplies Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Buddhist Supplies Market Size Forecast by Type
11.6.1 Buddha Statue
11.6.2 Textile
11.6.3 Books
11.6.4 Metal and Jade
11.6.5 Incense
11.6.6 Lights and Candles
11.6.7 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Buddhist Supplies Market Size Forecast by Applications
11.10.1 Temple
11.10.2 Residential
11.10.3 Activity
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Buddhist Supplies Analysis and Forecast
12.1 Introduction
12.2 Latin America Buddhist Supplies Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Buddhist Supplies Market Size Forecast by Type
12.6.1 Buddha Statue
12.6.2 Textile
12.6.3 Books
12.6.4 Metal and Jade
12.6.5 Incense
12.6.6 Lights and Candles
12.6.7 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Buddhist Supplies Market Size Forecast by Applications
12.10.1 Temple
12.10.2 Residential
12.10.3 Activity
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Buddhist Supplies Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Buddhist Supplies Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Buddhist Supplies Market Size Forecast by Type
13.6.1 Buddha Statue
13.6.2 Textile
13.6.3 Books
13.6.4 Metal and Jade
13.6.5 Incense
13.6.6 Lights and Candles
13.6.7 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Buddhist Supplies Market Size Forecast by Applications
13.10.1 Temple
13.10.2 Residential
13.10.3 Activity
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Buddhist Supplies Market: Competitive Dashboard
14.2 Global Buddhist Supplies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Jizo Spring Buddhist Supplies
14.3.2 Garuda Trading
14.3.3 Jalu Jems
14.3.4 Samadhi Cushions and Store
14.3.5 DharmaCrafts
14.3.6 Shakya Handicraft
14.3.7 Monastery Store
14.3.8 Buddha Groove
14.3.9 Beyaly Jewelry (Shenzhen) Limited
14.3.10 Jinzhou Huamei Quartz Electrical Appliance
14.3.11 Jinjiang Jiaxing Groups
14.3.12 Classic Jewelry & Accessory Limited
14.3.13 Art's King
14.3.14 Fuzhou Enjoy Art & Craft
