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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 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 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 Investment Chapter

The Funeral Homes industry has a low level of capital intensity. IBISWorld estimates that for every dollar spent on wages, industry operators will spend $0.14 in capital investment. Capital investment is mainly in buildings, vehicles and equipment. Typical funeral equipment includes: mortuary cots and cot covers, casket display racks, casket carriers, chairs, devotional stands, casket biers, operating tables, body and casket lifts, tents and vault carts. Over the past five years, capital intensity remained steady; in 2009, for every dollar spent on wages, industry operators also spent about $0.14 in capital investment. Capital investment increased partly due to growth among industry operators. Over the past five years, the number of establishments increased at an annualized 1.1%... 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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