Funeral Homes in the US - Industry Market Research Report

Funeral Homes in the US - Industry Market Research Report

  • May 2021 •
  • 39 pages •
  • Report ID: 199209 •
  • Format: PDF
Resting easy: The annual number of US deaths will likely remain high, supporting revenue growth

Abstract

Funeral Homes in the US
The Funeral Homes industry includes businesses that plan memorial services and prepare human corpses for interment or cremation. Demand for industry services is relatively steady because most Americans pass through a funeral home upon their death. However, changing funeral preferences in recent years have led more families away from burial and toward lower-cost cremation services, reducing the industry revenue generated per client. Revenue has dipped because cremation has steadily gained popularity in recent years. Over the five years to 2024, the industry’s growth is anticipated to slow.

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. The industry includes funeral homes combined with crematories; however, establishments that primarily conduct cremation are excluded from this industry and accounted for in the Cemetery Services industry (see IBISWorld report 81222).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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