Is a yoga studio a good business worth doing? It seems that whether it is a chain or a single store, at least you must choose the right city, location and supplier, so that the yoga studio may be a good business that is worth doing and can be done.
Yoga Mat Market Prospects
According to the latest report of Grand View Research, Inc, by 2025, the global yoga mat market is expected to reach 17.32 billion US dollars, with a compound annual growth rate of 5.8%. The government's supportive measures to promote yoga on a global scale will promote the global demand for yoga mat products. Forecast period. Due to the increasing popularity of this technology in countries/regions such as the United States, China and Australia, the number of yoga studios continues to increase, and it is expected that the demand for yoga products will also increase in the next few years.
Due to the high efficiency and low cost of these materials, the field of polyvinyl chloride (PVC) materials accounted for the largest market share of 40.3% in 2018. However, because the government has established strict regulations on the use of plastics, suppliers are working to develop products using environmentally friendly and biodegradable materials, such as rubber and thermoplastic elastomers (TPE). Therefore, the rubber material market is expected to grow at the fastest compound annual growth rate of 7.1% during the forecast period. In addition, rubber has high UV resistance and is easy to clean, which has further promoted the development of this field.more content
How to Increase Your Income Through Suppliers
- Reduce the purchase cost of goods
There are many suppliers of yoga products around the world, and their prices are different. So where is the yoga mat product provided by the supplier the cheapest? Then there is only one answer, and that is China. The prices of Chinese exports are very cheap, which is a well-known thing. If you want to open a yoga studio, it is best to choose a Chinese yoga mat supplier for the purchase channel of the goods. Because only Chinese yoga mat suppliers can provide lower prices,
- Reduce inventory risk
Inventory is an asset, and safety stock required for a certain period of time is necessary. However, excessive inventory and low inventory turnover rate occupy a lot of money, increase storage costs, product picking time and a lot of labour costs. Regular or irregular inventory taking will also take up more time. The most serious thing is that high inventory will put huge pressure on the cash flow of merchants. So choose suppliers with low MOQ to maintain long-term cooperation. Reduce the risk of inventory.
- Shorten delivery time
The supplier’s delivery cycle is long, and the purchaser has to prepare sufficient safety stock to make up for the supplier’s delivery problem to deal with the risk of shortage; then it is very necessary to choose a supplier that can guarantee the delivery of the product on the scheduled time.
How to Find a Yoga Mat Supplier from China
China Sources: A popular website that helps companies establish connections with Chinese manufacturers and suppliers.
Made in China: This leading B2B portal provides fast export sourcing channels and claims to help you find quality products and companies.
Alibaba: The world's largest B2B portal, Alibaba is the leading catalog of Chinese suppliers.
Boga Sports: China's leading manufacturer and supplier of yoga products, with low prices, low MOQ, and fast delivery time.
Conclusion
Finding a suitable supplier can increase your business growth. Increase the competitiveness of the industry and better serve customers. If you are looking for a high-quality yoga mat supplier, we can provide you with corresponding services and products. You are welcome to contact us!
