Demand for the Funeral Homes industry is relatively steady because most Americans pass through a funeral home upon their death, which is inevitable. However, over the five years to 2017, changing funeral have led more families away from burial and toward lower-cost cremation services, reducing the industry revenue generated per client. In addition, the emergence of alternative sales channels for funereal products retailed by this industry, including e-commerce, has heightened competition. Over the five years to 2022, the industry's growth is anticipated to continue slowing. Cremation's growing popularity will remain the primary obstacle to industry growth. However, a slight expected uptick in the US death rate will bode well for the industry.
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. This industry includes funeral homes combined with crematories; however, establishments that primarily conduct cremation are excluded from this industry and are included in the Cemetery Services industry (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.