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Global Death Care Services Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Operations, Products & Services & Region - Industry Forecasts (2022 to 2027)

Published: January, 2022
ID: 9135
Pages: 150

Death Care Services Market Size (2022 to 2027)

As per our report, the size of the global death care services market is estimated to worth USD 68 billion by 2027, growing at a CAGR of 4% during the forecast period.

Organizations or communities hold deathcare services to help clients handle the cremation or burial activities of the body. These organizations offer customized services following the requirement of the customers.

MARKET DRIVERS:

Increasing incidences of various chronic diseases leading to a rise in the number of deaths worldwide is a key driving factor for the global death care services market.

Changes in lifestyles and a rise in the number of working people with hectic schedules are clearly boosting up the demand for the global death care services market. Besides, growing awareness of these services, especially in developed and developing countries, promotes the shares of the market to the extent. Focus on improving clients' personalized requirements and changing models to deliver quality services is accelerating the growth rate of the death care services market. 

Growing support from the government authorities to manage the whole event with optimum care, especially in the military and other sectors, is anticipated to create growth opportunities for the market. The rise in the investments in death care services is also one factor leveling the market demand. Increasing prevalence for the services associated with death-related rituals such as funerals, burials or cremation, or death memorials is lavishing the demand of the death care services market. The rise in disposable income in urban areas is also one of the factors leveraging the market's growth rate. 

MARKET RESTRAINTS:

However, fluctuations in the availability of raw materials and increasing prices are eventually limiting the growth rate of the market. Lack of complete knowledge over-utilizing the service's inappropriate manner is also slowly impeding the market demand. People in rural areas are less aware of these new services, which remain a big challenging factor for the market developers' death care services. The decreasing number of working people in these death care organizations is also a factor in declining the market demand. 

Impact of COVID-19 on the global death care services market:

The death care services market has recorded the maximum share globally during the Covid-19 pandemic period. The report shows 1.96 million deaths occurred globally in 2020 because of the sudden outbreak of COVID-19. The COVID-19 was first identified in December 2019 in Wuhan, China. Later the outbreak was declared a public health emergency of international concern in January 2020. Later in March 2020, the World Health Organization (WHO) declared it as a pandemic. The coronavirus shows severe effects on patients who have chronic illnesses like cancer, diabetes, and others. The united states recorded the highest mortality rate due to COVID 19. The death care services market has growth opportunities in the coming years.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Operations, Arrangement, Products & Services, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

StoneMor, NorthStar Memorial Group, Carriage Services, and Hillenbrand, Astral, Classic Memorials, CJ. Boots Casket Company, Baalmann Mortuary, Campbell Funeral Homes, Charbonnet Family Services, Creter Vault Corporation, Doric Products, Evergreen Washelli, Giles Memory Gardens, Kepner Funeral Homes, McMahon, Lyon & Hartnett Funeral Home, Musgrove Mortuaries and Cemeteries.,

 

This market research report on the global death care services market has been segmented and sub-segmented into the following categories and analyzed market size and forecast until 2027.

Death Care Services Market - By Operations:

  • Funeral Homes
  • Cemeteries

Based on Operations, the Funeral homes segment holds the largest shares of the market, whereas cemeteries are deemed to hit the highest CAGR in the coming years. Funeral homes are basically involved in retailing memorial and burial products, making the market share move forward eventually. 

Death Care Services Market - By Arrangement:

  • At-need
  • Pre-need

Based on Arrangement, the at-need category is ruling with dominant shares of the market. The pre-need arrangements segment is growing at a CAGR of 2% during the forecast period. The increasing geriatric population is a common factor for the increasing shares of at-need arrangements. 

Death Care Services Market - By Products & Services:

  • Caskets & Vaults
  • Facility Rentals
  • Embalming & Cosmetic Preparation
  • Urns
  • Others

Based on products & services, the Caskets & Vaults type of products & services lead with dominant shares of the market. The easy availability of caskets and vaults in retail stores broadens the demand of the death care services market. 

Death Care Services Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Regionally, the North American Death Care Services Market leads with the highest shares of the market due to rising incidences of death due to severe diseases. Also, the adoption of modern ways of cremation activities in urban areas is ascribed to bolster the market demand in this region.

The Europe Death Care Services Market is positioned next in dominating the market shares with the rise in the demand for death care services in the military sector. The Asia Pacific is expected to have a significant growth rate in foreseen years. The increasing population and rise in awareness of the services in most countries are escalating the market demand. 

KEY MARKET PARTICIPANTS:

Some of the noteworthy companies operating in the global death care services market profiled in the report are StoneMor, NorthStar Memorial Group, Carriage Services, Hillenbrand, Astral, Classic Memorials, CJ. Boots Casket Company, Baalmann Mortuary, Campbell Funeral Homes, Charbonnet Family Services, Creter Vault Corporation, Doric Products, Evergreen Washelli, Giles Memory Gardens, Kepner Funeral Homes, McMahon, Lyon & Hartnett Funeral Home, Musgrove Mortuaries and Cemeteries.

  1. Introduction                                
    1. Death Care Services Market Definition                    
    2. Study Deliverables                 
    3. Base Currency, Base Year and Forecast Periods                         
    4. General Study Assumptions               
  2. Research Methodology                                           
    1. Introduction                              
    2. Research Phases                     
      1. Secondary Research          
      2. Primary Research
      3. Econometric Modelling     
      4. Expert Validation 
    3. Analysis Design                        
    4. Study Timeline                          
  3. Overview                                      
    1. Executive Summary               
    2. Key Inferences                        
    3. Epidemology                             
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                   
    1. Death Care Services Market Drivers                         
    2. Death Care Services Market Restraints                   
    3. Key Challenges                        
    4. Current Opportunities in the Death Care Services Market                             
  5. Death Care Services Market Segmentation  
    1. By Operations                   
      1. Funeral Homes
      2. Cemeteries
      3. Y-o-Y Growth Analysis, By Operations                  
      4. Death Care Services Market Attractiveness Analysis, By Operations
      5. Death Care Services Market Share Analysis, By Operations            
    2. By Arrangement                         
      1. Introduction 
      2. At-need
      3. Pre-need    
      4. Y-o-Y Growth Analysis, By Arrangement  
      5. Death Care Services Market Attractiveness Analysis, By Arrangement
      6. Death Care Services Market Share Analysis, By Arrangement
    3. By Products & Services
      1. Introduction          
      2. Caskets & Vaults
      3. Facility Rentals
      4. Embalming & Cosmetic Preparation
      5. Urns
      6. Others
      7. Y-o-Y Growth Analysis, By Products & Services      
      8. Death Care Services Market Attractiveness Analysis, By Products & Services      
      9. Death Care Services Market Share Analysis, By Products & Services      
  6. Geographical Analysis                                             
    1. Introduction                              
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis       
        1. By Geographical Area
        2. By Operations
        3. By Arrangement
        4. By Products & Services
      4. Death Care Services Market Attractiveness Analysis    
        1. By Geographical Area
        2. By Operations
        3. By Arrangement
        4. By Products & Services
      5. Death Care Services Market Share Analysis     
        1. By Geographical Area
        2. By Operations
        3. By Arrangement
        4. By Products & Services
    2. North America                       
        1. Introduction          
        2. United States        
        3. Canada    
    3. Europe                        
        1. Introduction          
        2. U.K            
        3. Spain        
        4. Germany
        5. Italy           
        6. France   
        7. Rest of Europe  
    4. Asia-Pacific                
        1. Introduction          
        2. China        
        3. India 
        4. Japan        
        5. Australia  
        6. South Korea          
    5. Latin America                            
        1. Introduction          
        2. Brazil          
        3. Argentina
        4. Mexico    
        5. Rest of Latin America         
    6. Middle East & Africa                              
        1. Introduction          
        2. Middle-East           
        3. Africa        
  7. Strategic Analysis                                      
    1. PESTLE analysis                        
      1. Political    
      2. Economic
      3. Social        
      4. Technological        
      5. Legal         
      6. Environmental      
    2. Porter’s Five analysis                             
      1. Bargaining Power of Suppliers       
      2. Bargaining Power of Consumers   
      3. Threat of New Entrants    
      4. Threat of Substitute Products and Services             
      5. Competitive Rivalry within the Industry    
  8. Death Care Services Market Leaders' Analysis                                       
    1. StoneMor NorthStar Memorial Group
      1. Overview
      2. Product Analysis  
      3. Financial analysis 
      4. Recent Developments      
      5. SWOT analysis      
      6. Analyst View         
    2. Carriage Services
    3. Hillenbrand
    4. Astral
    5. Classic Memorials
    6. CJ. Boots Casket Company
    7. Baalmann Mortuary
    8. Campbell Funeral Homes
    9. Charbonnet Family Services
    10. Creter Vault Corporation
    11. Doric Products
    12. Evergreen Washelli, Giles Memory Gardens
    13. Kepner Funeral Homes
    14. McMahon
    15. Lyon & Hartnett Funeral Home
    16. Musgrove Mortuaries
    17. Cemeteries
  9. Competitive Landscape                                          
    1. Death Care Services Market share analysis                           
    2. Merger and Acquisition Analysis                       
    3. Agreements, Collaborations and Joint Ventures                        
    4. New Product Launches                        
  10. Death Care Services Market Outlook and Investment Opportunities                                       
  11. Appendix                                          
    1. List of Tables               
    2. List of Figures     
  1. Global Death Care Services Market Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Death Care Services Market Market By Operations, From 2022 - 2027 ( USD Billion )
  3. Global Funeral Homes Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Cemeteries Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Death Care Services Market Market By Arrangement, From 2022 - 2027 ( USD Billion )
  6. Global At-need Market By Region, From 2022 - 2027 ( USD Billion )
  7. Global Pre-need Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Death Care Services Market Market By Products & Services, From 2022 - 2027 ( USD Billion )
  9. Global Caskets & Vaults Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Facility Rentals Market By Region, From 2022 - 2027 ( USD Billion )
  11. Global Embalming & Cosmetic Preparation Market By Region, From 2022 - 2027 ( USD Billion )
  12. Global Urns Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global Others Market By Region, From 2022 - 2027 ( USD Billion )

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