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Funeral Homes in the US Industry Data and Analysis
Funeral homes currently face a challenging environment, marked by a noticeable drop in revenue as national mortality rates revert to long-term averages. Recent figures from the CDC reveal a drop in age-adjusted death rates, which directly translates to fewer services and greater financial pressure. Consequently, many funeral homes are reevaluating their strategies, exploring new service offerings and strengthening community ties to preserve their market share. As revenue growth eases from prior peaks, businesses that diversify—such as by adding grief counseling or digital memorial options—can position themselves to withstand ongoing competition and changing consumer demand. Industry revenue is estimated to drop at a CAGR of 3.3% to $23.9 billion over five years, including a projected 0.4% decrease in 2026.
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What's included in this industry analysis
IBISWorld's research coverage on the Funeral Homes industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Funeral Homes industry in the United States operates under the NAICS industry code 81221. Funeral homes provide services and support to families following a loved one's death. Their primary role is to assist with planning and coordinating end-of-life arrangements, which can include preparing the deceased, handling logistics, organizing memorial services and managing paperwork. Related terms covered in the Funeral Homes industry in the United States include pre-need and at-need.
What's included in this industry?
Products and services covered in Funeral Homes industry in the United States include Funeral planning services, Resale of merchandise and Cremation.
What companies are included in this industry?
Companies covered in the Funeral Homes industry in the United States include Service Corporation International.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Funeral Homes industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Funeral Homes industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Funeral Homes industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Funeral Homes industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Funeral Homes industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Funeral Homes industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Funeral Homes industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Funeral Homes industry in the United States.
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Frequently Asked Questions
What is the market size of the Funeral Homes industry in the United States in 2026?
The market size of the Funeral Homes industry in the United States is $23.9bn in 2026.
How many businesses are there in the Funeral Homes industry in the United States in 2026?
There are 29,015 businesses in the Funeral Homes industry in the United States, which has declined at a CAGR of 0.6 % between 2021 and 2026.
How may import tariffs affect the Funeral Homes industry in the United States?
The Funeral Homes industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Funeral Homes industry in the United States?
The Funeral Homes industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Funeral Homes industry in the United States grown or declined over the past 5 years?
The market size of the Funeral Homes industry in the United States has been declining at a CAGR of 3.3 % between 2021 and 2026.
What is the forecast growth of the Funeral Homes industry in the United States over the next 5 years?
Over the next five years, the Funeral Homes industry in the United States is expected to grow.
What are the biggest companies in the Funeral Homes industry in the United States?
The biggest company operating in the Funeral Homes industry in the United States is Service Corporation International
What does the Funeral Homes industry in the United States include?
Providing funeral planning services and Providing cremation services are part of the Funeral Homes industry in the United States.
Which companies have the highest market share in the Funeral Homes industry in the United States?
The company holding the most market share in the Funeral Homes industry in the United States is Service Corporation International.
How competitive is the Funeral Homes industry in the United States?
The level of competition is high and steady in the Funeral Homes industry in the United States.
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