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Pulished Date January, 2020
ID: 9135
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Global Death Care Services Market Analysis – By Operations (Funeral Homes, Cemeteries), Arrangement (At-need, Pre-need), Products & Services (Caskets & Vaults, Facility Rentals, Embalming & Cosmetic preparation, Urns, Others), Region (North America (United States & Canada), Europe (United Kingdom, Italy, Germany, Spain, France & Rest of Europe), Asia Pacific (India, China, Japan, South Korea, Australia, New Zealand, Rest of APAC), Latin America (Brazil, Mexico, Argentina & Rest of Latin America), Middle East & Africa) - Industry Size, Share, Trends, Growth, Forecast | 2019 - 2024

Pulished: January, 2020
ID: 9135
Pages: 150

Death Care Services Market Size & Growth (2019 – 2024)

According to the report, the Size of the death care services market is expected to reach USD 68 billion by 2024, growing at a CAGR of 4% during the forecast period 2019 - 2024. Increasing incidences of various chronic diseases which is leading to a rise in the number of deaths across the world is a key driving factor for the Global Death Care Services Market.

Deathcare services are held by organizations or communities to help clients in handling the cremation or burial activities of the body which is accelerating the growth rate of the 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.

These industries offer customized services in accordance with the requirement of the customer is additionally leveraging the growth rate of the death care services market. Besides, growing awareness over these services especially in developed and developing countries is promoting the shares of the market to the extent. Focus on to improve the personalized requirements of clients and also changing models to deliver quality services is accelerating the growth rate of the death care services market. 

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 demand of the market. People in rural areas are less aware of these new services which are remained as a big challenging factor for the death care services market developers. The decreasing number of working people in these death care organizations is also a factor declining the demand of the market. 

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

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Operations, Arrangement, Products & Services, 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 Global Death Care Services Market has been segmented and sub-segmented into the following categories and analyzed market size and forecast until 2024

Death Care Services Market Analysis - By Operations

  • Funeral Homes
  • Cemeteries

On the basis of Operations, the Funeral homes segment is holding 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 which are making the market share to move forward eventually. 

Death Care Services Market Analysis - By Arrangement

  • At-need
  • Pre-need

On the basis of 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. Increasing geriatric population is a common factor for the increasing shares of at-need arrangements. 

Death Care Services Market Analysis - By Products & Services

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

On the basis of products & services, the Caskets & Vaults type of products & services are leading with dominant shares of the market. The easy availability of caskets and vaults in retail stores is broadening the demand of the death care services market. 

Death Care Services Market Analysis - By Region

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

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

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

Key Market Players leading the Global Death Care Services Market Profiled in the Report are

  1. StoneMor
  2. NorthStar Memorial Group
  3. Carriage Services
  4. Hillenbrand
  5. Astral
  6. Classic Memorials
  7. CJ. Boots Casket Company
  8. Baalmann Mortuary
  9. Campbell Funeral Homes
  10. Charbonnet Family Services
  11. Creter Vault Corporation
  12. Doric Products
  13. Evergreen Washelli
  14. Giles Memory Gardens
  15. Kepner Funeral Homes
  16. McMahon
  17. Lyon & Hartnett Funeral Home
  18. Musgrove Mortuaries
  19. 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     
  • Global,  and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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