1. Market Research
  2. > Consumer Services Market Trends
  3. > Funeral Services

Funeral Services Market Research: Latest Industry Trends & Statistics

  • Currently 3/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
34 votes

Global Funeral Services Industry

The global funeral services industry (segment of the consumer services market) encompasses a range of outfits catering to all the necessary aspects of funerals including cremation, burial, providing urns and caskets, and making memorial products. Pre-burial services also fall into this industry category and include processes such as embalming. The industry is characterized by a high degree of fragmentation, with many outfits tending to be small and family-run. Larger sized companies represent less than 15% of the overall market, according to research from industry experts.

Trends & Challenges in the Funeral Industry

Growth in the funeral services sector is fuelled by demographic factors, mainly the percentage of older citizens in a country. Funeral service providers compete through effective marketing and building a reputation as being reliable. Hoover’s underlines the advantage of pooling resources for larger outfits. Resources that can be readily shared include vehicles such as hearses and limos, along with marketing costs and specific service providers such as embalmers. As the funeral services industry is primarily a local one, smaller outfits can compete with larger nationwide operators. Local demand remains more or less fixed, allowing smaller outfits to predict the needs of their clients and to build a working relationship with the local community.

Pre-burial services generate around half of the overall revenue of the funeral services industry. These pre-burial services include transportation, cosmetic preparation, wake and memorial service facility rental, and embalming. Funeral products such as wreaths, urns, and caskets account for around 45% of the sector’s revenue. Burial rights also generate a portion of industry revenue. Leading casket suppliers currently operating in the US funeral services market include Matthews International, Aurora Casket, and Batesville Casket. On average, funeral homes cater to around 120 funerals each year. This means that valuable physical assets, such as hearses and limos, are often unused. Though traditionally burial represented the most dominant funeral service, industry trends have witnessed the rise of the more cost effective alternative to cremation, and the number of cremations per year continues to climb.

Funeral Services Regional Market Share

Growth in the US funeral services industry is being challenged by the increasing popularity of cremation. This less expensive alternative to traditional burial has squeezed profit margins in the US market, which is comprised of 24,000 outfits and is valued at around $13 billion, according to IBISWorld. The economic recession also contributed to industry difficulties as families with falling incomes began buying caskets from discount manufacturers and retailers to lower funeral service costs.

Despite certain difficulties, the US funeral services sector is expected to pick up somewhat between 2012 and 2017. Industry performance will be fuelled by an increasing number of citizens joining the older age category. Death rates in the US are also predicted to rise, further driving growth in the funeral services industry. The funeral sector is generally regarded as stable, though demand is affected by the economic climate, with falling incomes and employment rates prompting consumers to seek out discounts.

As the economic recovery continues, it is expected that the recent trend toward the less-expensive option of cremation will turn around, with families spending more on more costly graves and funeral services, reports IBISWorld. To combat revenue loss due to the rising popularity of cremation, industry players will likely concentrate their efforts on providing more value-added services.

Read more »

You might be interested in these related markets:

Customer Support

Talk to Sam

+44 208 068 8943

3 Reports
Market Size, Supply, Company
45 Statistics
Finance, Company Financials, Market Size
160 Reports
Company Financials, Demand, Price
160 Statistics
Finance, Company Financials, Company
13 Reports
Company, Company Financials, M&A
42 Statistics
Finance, Company Financials, Company
18 Reports
Company, Company Financials, Demand
44 Statistics
Company, Demand, Finance
20 Reports
Company Financials, Company, Market Size
67 Statistics
Finance, Company Financials, Company
6 Reports
Company Financials, Demand, Company
17 Statistics
Finance, Company Financials, Company
4 Reports
Demand, Company Financials, Company
100 Statistics
Demand, Company Financials, Finance
15 Reports
Company Financials, Company, Demographic
74 Statistics
Finance, Company Financials, Company
9 Reports
Company Financials, Company, Market Description
47 Statistics
Finance, Company Financials, Company
6 Reports
Company Financials, Company, Supply
26 Statistics
Finance, Company Financials, Company
Search in Funeral Services Industry (About 300 reports)
Parent industry: Consumer Services
Related industries: Beauty and Wellness Services, Household Services, Caring Services, Pet Care

46 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 149 - $ 5950)

Global Mortuary Refrigerator Market 2017-2021

Mortuary Refrigerator Sector: Worldwide Forecast until 2021

  • $ 2500
  • Industry report
  • April 2017
  • by Infiniti Research Limited

About Mortuary RefrigeratorMortuary refrigerator is the most popular equipment in the overall mortuary equipment market. These are highly advanced and have several functional advantages over the othe ...

Autopsy Tables Sector: Worldwide Forecast until 2021 $ 2500 March 2017

Mortuary Equipment Market Analysis By Product (Trolleys ... $ 5950 March 2017

Death Care Services Global Market Report 2018 $ 4000 February 2018

Cemetery Services in the US - Industry Market Research ... $ 1090 December 2017

Coffin & Casket Manufacturing in the US - Industry Mark ... $ 1090 November 2017

Cremation Services in the US - Industry Market Research ... $ 1090 August 2017

Funeral Homes in the US - Industry Market Research Repo ... $ 1090 August 2017

Personal Services Market Global Briefing 2018 $ 1000 January 2018

The 2019-2024 World Outlook for Manufacturing Burial Ca ... $ 995 January 2018


ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on