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Funeral Homes in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Funeral Homes Market Research Report | NAICS 81221 | Apr 2016

Ashes to ashes: Rising demand for cremation services will subdue revenue growth

The Funeral Homes market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
1.3%
Annual Growth 16-21
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Profit
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Employment
121,236
Businesses
24,913
Industry Analysis & Industry Trends

Rising per capita income and inexpensive cremations have subdued industry revenue over the five-year period. Money-strapped families turned to discount and online retailers and manufacturers to purchase caskets, further depressing revenue for funeral home operators. Nevertheless, the industry's revenue is projected to improve slightly during the next five years. As the population ages, the number of deaths in the United States is anticipated to increase. However, continued competition from discount retailers and the ease of online ordering from casket manufacturers, as well as a rise in inexpensive cremations, are expected to curtail prices for funeral merchandise... purchase to read more

Industry Report - Industry Locations Chapter

The regions with the greatest concentration of funeral homes include the Southeast, the Great Lakes and the Mid-Atlantic. The distribution of industry establishments closely follows the share of the region's population and age structure. Additionally, consumer preferences for cremation as opposed to burials are an important factor that can influence a regions share of establishments.

The Southeast has the greatest share of industry establishments, estimated at 26.8% of the total. Florida, with its warm weather and low-priced housing, has long been an attractive destination for retirement-age adults. As such, 18.2% of the population is over 65, compared with the national average of 13.7%, according to the US Census Bureau... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Funeral Homes Industry?

This industry includes companies that conduct funerals and prepare the deceased for burial or interment. Industry establishments organize wakes, transport the dead and sell caskets and related merchandise. This industry includes funeral homes combined with crematories; however, establishments that primarily conduct cremation are excluded from this industry and are included in the Cemetery Services industry (IBISWorld report 81222).

Industry Products
Traditional pre-burial servicesMerchandise soldBody preparation servicesTransportationDirect cremation services
 
Industry Activities
Providing funeral director servicesProviding embalming services Operating funeral homes combined with crematories Providing mortician services Providing visitation or viewing servicesProviding funeral servicesProviding graveside committal servicesSelling funeral merchandise (e.g. caskets, flowers and obituary notices)Transporting the deceased


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