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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

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 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 Key Buyers Chapter

Market share concentration in the industry is low, with the top companies accounting for a small share of total industry revenue in 2016. The majority of funeral home operators are small, locally owned, independent operations serving customers that live within 10 to 15 miles of the property's location. Ongoing acquisitions in the industry (see Major Companies write-up for details) has increased industry concentration slightly, however, the market is anticipated to remain highly fragmented... 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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