Death Care Services Market by Services (Burial Services, Cremation Services, Grief Support & Counseling Services), Arrangement (At-Need Arrangement, Pre-Need Arrangement), End-use - Global Forecast 2024-2030

Death Care Services Market by Services (Burial Services, Cremation Services, Grief Support & Counseling Services), Arrangement (At-Need Arrangement, Pre-Need Arrangement), End-use - Global Forecast 2024-2030

The Death Care Services Market size was estimated at USD 99.53 billion in 2023 and expected to reach USD 106.51 billion in 2024, at a CAGR 6.79% to reach USD 157.68 billion by 2030.

Death care services encompass a range of services provided to manage and handle the remains of deceased individuals, as well as to support grieving families and friends. The death care services market refers to the industry that provides services related to the disposition of human remains and associated ceremonies. These services encompass funeral homes, cemeteries, and crematories, among other services and products used in memorializing deceased persons. The rising geriatric population, along with the prevalence of chronic diseases, subsequently increases the need for death care services. Moreover, a stronger inclination toward cultural and traditional funeral services is shaping the market. High costs associated with death care services, along with environmental concerns related to death care services, can restrict market development. Growing investments and deathcare infrastructure across economies and the emergence of digital deathcare services open new service offerings within the market.

Regional Insights

The death care services market in the Americas, particularly in the United States and Canada, is characterized by a strong presence of corporate entities with independently owned funeral homes. Additionally, eco-friendly funeral services are growing, including green burials and cremation, driven by environmental concerns and changing consumer preferences. The need for death care services can vary significantly across the South American region, with a diverse range of cultural attitudes toward death and mourning practices. In the Asia-Pacific region, death care services are deeply influenced by cultural and religious traditions, leading to a diverse landscape. Countries such as Japan and South Korea have a high rate of cremation, while places such as India hold significance to the traditional burial and cremation practices determined by religion. There is an increasing need for memorial parks and high-tech cremation facilities in rapidly urbanizing areas. Moreover, the concept of post-life care is getting infused with digital innovations, including online memorials and virtual funeral services. The EMEA region is combining traditional and evolving practices in death care services. In Europe, there is a trend toward personalized funeral services, emphasizing reflecting the deceased's unique life. This personalization can include everything from bespoke coffins to exceptional memorial services. Compliance with strict regulations, particularly those concerning environmental impact, shapes the services offered in this region. The Middle East and parts of Africa adhere to religious customs, with quick burial practices as per Islamic traditions dictating the services provided.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Death Care Services Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Rising geriatric population and prevalence of chronic diseases
    • Stronger inclination toward cultural and traditional funeral services
    • Market Restraints
      • High costs associated with death care services
      • Market Opportunities
        • Growing investments and deathcare infrastructure across economies
        • Emergence and introduction of digital deathcare services
        • Market Challenges
          • Environmental concerns associated with death care services
          • Market Segmentation Analysis
            • Services: Rising inclination toward cremation services in urban areas, due to limited space for burials and a rising ecological consciousness among consumers
            • Arrangement: Growing consumer preferences for pre-need arrangements to prioritize peace of mind and financial management
            • End-use: Significant adoption of death care services by funeral homes for customization and additional services
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Death Care Services Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Death Care Services Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Everstory Partners, to Manage 84 Additional Cemeteries and Funeral Homes
              
              Everstory Partners expanded its management portfolio through a strategic agreement to manage 84 newly acquired properties comprising 72 cemeteries, 11 funeral homes, and one crematory dispersed across Michigan, North Carolina, South Carolina, and Kentucky. These properties will be transferred to Everstory's operational care by a subsidiary of their parent company following the acquisition from Park Lawn Corporation.
              
              Govt to Launch e-CARe Portal for Seamless Transfer of Mortal Remains of Indian Citizens from Abroad
              
              The Indian government is poised to introduce the e-CARe (Electronic Clearance for Afterlife Remains) platform, an initiative announced by Union Health Minister Mansukh Mandaviya to streamline the repatriation of the mortal remains of Indian nationals passing away overseas. The portal is designed for dual facilitation, transporting caskets and ashes, demonstrating the government's commitment to seamless and transparent coordination.
              
              Service Corporation International Partners With the Tragedy Assistance Program for Survivors (Taps)
              
              Service Corporation International (SCI) and its renowned brand, Dignity Memorial, proudly continue supporting the bereaved families of military personnel through a strategic partnership with the Tragedy Assistance Program for Survivors (TAPS). Moreover, the company's affinity partnerships provide special arrangement discounts for veterans' organizations, while the We Honor Veterans program collaborates closely with local hospices and community groups to meet the specific needs of America's veterans and their families.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Death Care Services Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Death Care Services Market, highlighting leading vendors and their innovative profiles. These include Aftermath Services by ServiceMaster Company, LLC, Anthyesti Funeral Service, Arbor Memorial Inc., Baalmann Mortuary, Batesville Services, LLC, Carriage Services, Inc., Charbonnet Labat Funeral Home, Citizens Funeral Services, Inc., Classic Memorials Inc., Co-operative Group Limited, Creter Vault Corporation, Dignity PLC, Doric Products Inc., Foundation Partners Group LLC, Fu Shou Yuan International Group Limited, Giles Memory Gardens, InvoCare Limited, Kepner Funeral Homes, Matthews International Corporation, McMahon, Lyon & Hartnett Funeral Home, Inc., Musgrove Mortuaries & Cemeteries, Nirvana Asia Ltd., NorthStar Memorial Group, LLC, OGF Group, Park Lawn Corporation, Propel Funeral Partners, Recompose, Service Corporation International, Westerleigh Group, and Withum Smith+Brown, PC.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Death Care Services Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Services
              • Burial Services
              • Cremation Services
              • Grief Support & Counseling Services
              • Legal & Administrative Assistance
              • Memorials & Keepsakes
              • Transportation & Repatriation Services
              • Arrangement
                • At-Need Arrangement
                • Pre-Need Arrangement
                • End-use
                  • Cemeteries
                  • Funeral Homes
                  • Region
                    • Americas
                      • Argentina
                      • Brazil
                      • Canada
                      • Mexico
                      • United States
                        • California
                        • Florida
                        • Illinois
                        • New York
                        • Ohio
                        • Pennsylvania
                        • Texas
                        • Asia-Pacific
                          • Australia
                          • China
                          • India
                          • Indonesia
                          • Japan
                          • Malaysia
                          • Philippines
                          • Singapore
                          • South Korea
                          • Taiwan
                          • Thailand
                          • Vietnam
                          • Europe, Middle East & Africa
                            • Denmark
                            • Egypt
                            • Finland
                            • France
                            • Germany
                            • Israel
                            • Italy
                            • Netherlands
                            • Nigeria
                            • Norway
                            • Poland
                            • Qatar
                            • Russia
                            • Saudi Arabia
                            • South Africa
                            • Spain
                            • Sweden
                            • Switzerland
                            • Turkey
                            • United Arab Emirates
                            • United Kingdom
                            
                            
                            Please Note: PDF & Excel + Online Access - 1 Year