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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 | Dec 2013

Resting place: Demographic trends benefit funeral homes, but cremations will hamper growth

IBISWorld’s Funeral Homes market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 08-13
2.3%
Annual Growth 13-18
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Profit
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Employment
115,547
Businesses
25,429
Industry Analysis & Industry Trends

Falling per capita income during the recession and a rising number of inexpensive cremations have hampered industry revenue. Additionally, money-strapped families turned to discount 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... purchase to read more

Industry Report - Starting a New Business Chapter

The Funeral Homes industry has medium barriers to entry, primarily given government regulations, licensing requirements and initial capital costs required to start a business. Competition continues to remain high, with entrants to the industry increasing as revenue growth from existing firms has risen. IBISWorld estimates that there are 25,429 companies in 2013. Furthermore, the level of assistance is low, as there is no governmental assistance for the industry, further contributing to the medium barriers to entry.

While funeral homes have lower barriers to entry compared to cemetery operations, potential entrants will find that the vertical integration of the industry can itself be a barrier to entry... 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 dead 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, such as caskets, flowers and obituary noticesTransporting the deceased


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