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Funeral Homes in Canada - Industry Market Research Report

Funeral Homes in Canada

The Funeral Homes industry in Canada provides memorial services and facilitates the arrangement of the deceased's burial or cremation. Demand for industry services does not strongly fluctuate with the business cycle and is instead dependent on demographic factors such as age and consumer preferences. Canada's growing and aging population has resulted in the number of deaths trending upward over the five years to 2019, bolstering demand for funeral services and boosting profit margins. The growing popularity of cremation has threatened industry revenue over the five years to 2019. Consumers may choose cremations for many reasons, including cost considerations, environmental concerns, religious reasons and changing preferences. Over the five years to 2024, demographic and societal factors will likely continue to drive industry growth.

This industry conducts funerals and prepares the deceased for burial or interment. Funeral homes organize wakes, transport the deceased 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.

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.

  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2019)
    • Table Industry Structure
  • Industry Performance
    • Table Number of deaths
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table Products and services segmentation (2019)
    • Table Major market segmentation (2019)
    • Table Business Locations 2019
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major Players
    • Table Service Corporation International (industry-relevant operations) - financial performance*
    • Table Arbor Memorial Services Inc. (industry-relevant operations) - financial performance*
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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