NEW YORK, Dec. 4, 2023 /PRNewswire/ — The funeral homes and funeral services market is estimated to grow by USD 27.48 billion from 2022 to 2027, growing at a CAGR of 6.71%. The funeral home and funeral services market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer funeral homes and funeral services market are Carriage Services Inc., Chapel Funerals, Co operative Group Ltd., Coles Funeral Directors Ltd., Dignity Plc, Everstorypartners, Fu Shou Yuan International Group Ltd., FUNECAP HOLDING, Funeral Partners Ltd., InvoCare Australia Pty Ltd., Matthews International Corp., Muslim Funeral Services, Nirvana Asia Ltd., Park Lawn Corp., SA Funeral services, San Holdings Inc., Service Corp. International, Westerleigh Group Holdings Ltd., Wimberly Funeral Home, and Wise Funeral Service. The report provides a full list of key companies, their strategies, and the latest developments. Download the Sample before buying
Technavio has announced its latest market research report titled Global Funeral Homes and Funeral Services Market 2023-2027
Company Offering:
Carriage Services Inc. – The company offers funeral homes and funeral services such as caskets and urns, interment services, and cemetery merchandise.
Chapel Funerals – The company offers funeral services such as floral arrangements, funeral notices, and memorial cards and books.
Cooperative Group Ltd. – The company offers funeral homes and funeral services such as funeral care and insurance.
For details on companies and their offerings – Buy the report!
By Geography, the market is classified as Europe, North America, APAC, South America, and Middle East and Africa. APAC will have the largest share of the market
APAC is estimated to contribute 29% to the growth of the global market during the forecast period. Europe is another region where companies can benefit greatly from growth opportunities. Due to the diversity of cultures and religious practices within each community, the demand for funeral services is growing in different parts of Europe.
Download a sample report to get more insights on the market share of various regions and the contribution of the segments.
Impactful driver- New products and service launches by players
Key Trend – Strategic partnerships and acquisitions among players
Major Challenges – Increasing costs of raw materials
Market Segmentation
By Service, the market is classified into at-need and pre-need. The at-need segment is estimated to witness significant growth during the forecast period. This is due to the increasing number of deaths around the world. The provision of at-need services is an important offering in this segment; it enables families to make their own arrangements for funerals according to individual wishes and family traditions.
Technavio Research experts have provided more insights on the market share of segments – View Sample Report
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Funeral Homes And Funeral Services Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.71% |
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YoY growth 2022-2023 (%) |
5.72 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Key countries |
US, Canada, UK, France, and Germany |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by Mode Of Booking
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
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SOURCE Technavio