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.
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