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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 | Oct 2016

Ashes to ashes: Rising demand for cremation services will subdue revenue growth

IBISWorld’s Funeral Homes market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 11-16
0.6%
Annual Growth 16-21
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Profit
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Employment
108,411
Businesses
15,781
Industry Analysis & Industry Trends

Demand for Funeral Homes industry services is relatively steady because most Americans pass through a funeral home upon their death, which is inevitable. However, changing funeral preferences in recent years have led more families away from burial toward lower-cost cremation services, reducing the industry revenue generated per client. In addition, the emergence of alternative sales channels for funereal products retailed by this industry, including e-commerce, has heightened competition. Over the next five years, the industry is anticipated to stagnate. However, a slight expected uptick in the US death rate will bode well for the industry... purchase to read more

Industry Report - Starting a New Business Chapter

The Funeral Homes industry has medium barriers to entry, primarily given government regulations, licensing requirements and initial capital costs required to start a business. Competition continues to remain high, with entrants to the industry increasing as revenue growth from existing operators has risen. Furthermore, the level of assistance is low, as there is no governmental assistance for the industry, further contributing to the medium barriers to entry.

While funeral homes have lower barriers to entry compared to cemetery operations, potential entrants will find that the vertical integration of the industry can itself be a barrier to entry. Larger companies typically have combination operations, meaning they have a cemetery adjoining a funeral home operation. Thi.. 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
CremationFuneral planning servicesBody preparation and internmentTransportationResale of merchandise
 
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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