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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 | Jul 2014

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

IBISWorld’s Funeral Homes market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 09-14
2.6%
Annual Growth 14-19
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Profit
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Employment
116,509
Businesses
25,557
Industry Analysis & Industry Trends

Falling per capita income during the recession and a rising number of inexpensive cremations have hampered industry revenue. 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. However, continued competition from discount retailers and the ease of online ordering from casket manufacturers are expected to curtail prices for funeral merchandise through 2019... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Funeral Homes industry is in the mature phase of its life cycle. Indicators of this life cycle stage include well-established products and services, saturated demand for industry services and increased merger and acquisition activity. Industry value added, which measures the industry's contribution to the overall economy, is projected grow at an average annual rate of 1.5% from 2009 to 2019. Comparatively, GDP is forecast to expand at an average annual rate of 2.7% over the same 10-year period. As such, the industry's contribution to GDP is growing in line with the economy.

Merger and acquisition activity, a key indicator of an industry's mature life cycle stage, has become more prevalent over the past five years... 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 (e.g caskets, flowers and obituary notices)Transporting the deceased


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