Temple Market Report 2025

The temple market size has grown strongly in recent years. It will grow from $45.12 billion in 2024 to $48.93 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth during the historic period can be attributed to a rise in spiritual tourism, heightened religious sentiment, increased government support, the expansion of online temple services, and a greater number of festivals and ritual events.

The temple market size is expected to see strong growth in the next few years. It will grow to $66.81 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth projected for the forecast period can be attributed to increased community involvement, expanding infrastructure development, heightened awareness of heritage preservation, greater youth participation, and rising financial donations. Key trends during this period include the integration of spiritual tourism with wellness retreats, the use of multilingual digital guides and navigation, advancements in heritage conservation and restoration technologies, inclusive access infrastructure for differently-abled devotees, and environmentally conscious ritual practices.

The growing interest in diverse religious practices is expected to drive the growth of the temple market going forward. Diverse religious practices refer to the various ways in which people from different faiths pray, worship, and uphold their beliefs. This increasing interest is mainly attributed to globalization, which exposes individuals to a range of cultural and spiritual beliefs, fostering exploration and acceptance of multiple faiths. Temples act as inclusive spaces that accommodate these diverse religious practices by offering a common environment for worship, rituals, and community gatherings across different traditions. For example, a survey conducted by The Institute for the Impact of Faith in Life (IIFL), a UK-based non-profit, in May 2024 with 2,064 UK adults found that 60% of respondents view the UK as welcoming of religious diversity. When asked if the UK is a Christian country, 80% of Jewish respondents agreed, along with 64% of Christians, 63% of Hindus, and 38% of Muslims. Hence, the increasing interest in diverse religious practices is propelling the temple market’s growth.

Major players in the temple market are focusing on adopting innovative technologies such as virtual reality (VR) to enhance spiritual experiences and reach a broader audience remotely. VR is a computer-generated simulation enabling users to interact with a 3D environment through special devices such as VR headsets. It creates immersive experiences that allow users to explore locations such as temples remotely as if they were physically present. For instance, in January 2024, Reliance Jio Infocomm Limited, an Indian telecommunications company, launched a 360-degree VR tour of the Ram Mandir via its JioTV and JioImmerse platforms, allowing users to experience the temple’s sanctum sanctorum, prayer halls, and intricate architecture from their homes. This initiative, part of Jio’s ‘We Care’ philosophy, aimed to bring the spiritual essence of the Ram Mandir to every Indian regardless of location. By leveraging advanced VR technology, Jio enhances religious connectivity and broadens access to spiritual experiences for devotees unable to travel to Ayodhya, including the elderly and differently-abled.

In March 2024, The Church of Jesus Christ of Latter-day Saints acquired the Kirtland Temple, historic Nauvoo buildings, manuscripts, and artifacts from the Community of Christ for about $0.1925 billion. Through this acquisition, the LDS Church seeks to preserve and manage historically significant sites, documents, and artifacts related to its early history while maintaining public access and respecting shared religious and cultural heritage. The Community of Christ, a US-based Christian denomination, previously owned and maintained these historic properties and items connected to early Latter-day Saint history.

Major players in the temple market are Shapoorji Pallonji & Company Private Limited, Larsen & Toubro Limited, NBCC (India) Limited, ISKCON Temple, Tirumala Tirupati Devasthanams (TTD), Punnyam Soft Tech Private Limited, Softvent Services Private Limited, Shri Saibaba Sansthan, Minebitz Temple Software, OnlinePrasad, ePrarthana.com, Aspirom Technologies Private Limited, Bensoft Computer Technologies Private Limited, DonateTemple, GeniusEdu Management System Pvt. Ltd, Templelinks Pvt Ltd, PujaLive, Temple360, 3ioNetra Temple & Trust Management Platform, and Kyrios CHMS.

Asia-Pacific was the largest region in the temple market in 2024. The regions covered in temple report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the temple market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the social services market by increasing costs for essential goods, assistive devices, and digital infrastructure - critical components often imported from tariff-affected regions. Providers of healthcare, elderly care, and community support services now face squeezed budgets, as many government contracts and funding arrangements limit their ability to pass on higher costs. The uncertainty has also delayed investments in digital transformation and telehealth platforms, hindering efforts to expand service accessibility and efficiency. To adapt, organizations are prioritizing local sourcing, forming collaborative purchasing agreements to reduce costs, and embracing low-cost digital solutions to maintain service delivery amid fiscal pressures.

A temple is a building or place dedicated to worshiping one or more deities in various religions. It functions as a sacred area for religious rituals, prayers, offerings, and community events, often embodying the cultural, architectural, and spiritual values of the communities it serves.

Temples are mainly classified into traditional temples, modern temples, and virtual temples. Traditional temples are sacred edifices constructed following historical architectural designs and religious customs, acting as lasting centers for worship, rituals, and cultural heritage. According to ownership, they can be divided into government-owned, private, and community-owned temples. By size, they are categorized as small, medium-sized, or large temples, fulfilling multiple roles such as religious ceremonies, cultural activities, community gatherings, and tourism.

The temple market research report is one of a series of new reports that provides temple market statistics, including the temple industry global market size, regional shares, competitors with the temple market share, detailed temple market segments, market trends, and opportunities, and any further data you may need to thrive in the temple industry. These temple market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The temple market includes revenues earned by entities by providing services such as religious ceremonies and rituals, pilgrimage tourism, offerings and donations management, prasadam distribution, spiritual counseling and astrology services, online darshan and virtual services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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