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

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 11-16
Annual Growth 16-21
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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 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 2011 to 2021. Comparatively, GDP is forecast to expand at an average annual rate of 2.2% over the same 10-year period. As such, the industry's contribution to GDP is anticipated to decrease only slightly over the period.

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 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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