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 | Nov 2015

Resting place: Demographic trends benefit funeral homes, but cremations will hamper 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
Annual Growth 10-15
Annual Growth 15-20
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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, as well as a rise in inexpensive cremations, are expected to curtail prices for funeral merchandise through 2020... 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 2015. 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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