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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 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 Key Buyers Chapter

Market share concentration in the industry is low, with the top four companies accounting for less than 14.0% of revenue in 2014. 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.

During the period, the industry's largest operator, Service Corporation International (SCI), acquired the second-largest operator, Stewart Enterprises, further increasing SCI's share of the market. However, market share is also rising for Carriage Services and StoneMor Partners due to these operators' aggressive acquisition activity... 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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