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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 - Industry Products Chapter

The Funeral Homes industry provides a variety of products and services for the deceased, which IBISWorld separates into six principal groups: Traditional pre-burial services, merchandise sales, body preparation services, transportation services, direct cremation services and other services. The value of sales for each product and service segment is dependent on the quantity sold as well as the average price of those items or services. Quantity sold is generally influenced by demand factors, while prices reflect input prices and historic mark-ups associated with the product or service... 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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