Dublin, March 13, 2023 (GLOBE NEWSWIRE) -- The "Death Care Services: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Death Care Services estimated at US$118.3 Billion in the year 2022, is projected to reach a revised size of US$189.8 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030.
Funeral Homes & Funeral Services, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$131.9 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Cemeteries & Crematories segment is readjusted to a revised 6.6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $39.9 Billion, While China is Forecast to Grow at 7.8% CAGR
The Death Care Services market in the U.S. is estimated at US$39.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$24.1 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
Select Competitors (Total 220 Featured) -
- Arbor Memorial Inc.
- Baalmann Mortuary
- Carriage Services, Inc.
- Charbonnet Labat Funeral Home
- Classic Memorials Inc
- Creter Vault Corporation
- Dignity plc
- Doric Products Inc
- Foundation Partners Group LLC
- Fu Shou Yuan International Group Limited
- Giles Memory Gardens
- Hillebrand Funeral Homes Inc
- InvoCare Limited
- Kepner Funeral Homes
- McMahon, Lyon & Hartnett Funeral Home, Inc.
- Musgrove Mortuaries & Cemeteries
- Nirvana Asia Ltd.
- NorthStar Memorial Group, LLC
- Service Corporation International
- StoneMor Partners L.P.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 525 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $118.3 Billion |
| Forecasted Market Value (USD) by 2030 | $189.8 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Caring for the Dead is a Sacred Task for Humans, A Culture That Provides the Cornerstone for Growth in the Death Care Services Market
- Impact of COVID-19 Pandemic and Looming Global Recession
- 2020 Marked as a Year of Disruption & Transformation
- As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed?
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- A Sad Reality COVID-19 Pushes Up Demand for Funeral Services
- Steeped in Ritual, Farewell for the Dead Due to COVID or Otherwise Drives Demand for Funeral Services
- COVID-19 Deaths Push Up Demand for Funeral Services: Global COVID-19 Deaths (In 000s) As of 04 April 2022 by Country
- COVID-19 Impact on the US Death Care Industry
- Competition
- Death Care Services - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Death Care Services: A Prelude
- Global Market Prospects & Outlook
- World Brands
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Death Industry Journeys Into the Digital Afterlife: COVID-19 Exposes the Fragility of Human Death Rituals & Steps Up the Role of Digital Technologies
- Death Care Industry Embraces Technology and Innovation in a Major Way
- Death Care Startups Exploring Innovative Ways of Honoring Loved Ones
- Funeral Home Software to Maintain Relevance in Death Care Space
- Death Care Practices becoming Economically Distressing & Environmentally Cataclysmic
- For the Cycle of Life to Continue, Environment Friendly Green Burials Rise in Popularity
- Driven By Burial Plot Shortages, Cremation Rises in Popularity Over Traditional Burials
- Convenience, Cost Effectiveness & Environment Friendly Benefits to Help Cremation Bypass Casket Burials by the Year 2035: % Share of Cremation in North America for Years 1960 Through 2035
- Cremation Rates (in %) for Select Countries (2021)
- Notable Trends Influencing Death Care Industry
- With the Pandemic Pushing Millions Into Poverty & Unemployment, Crowdfunding for Funeral Services Gains Momentum
- Need for Government to Support Death Care
- Entry of Ecommerce Retailers Offering Affordably Priced Burial and Memorial Products
- Death Care Startups Follow Footprints of E-Commerce Players to Push Gains
- Rising Funeral Costs: Opportunities for Death Care Services Market
- Median Cost of Funeral by Item in the US for 2021
- Demand for Advance Funeral Planning Driven by Aging Population
- Global Population In the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Increasing Prevalence of Chronic & Lifestyle Diseases to Propel Market Growth
- Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
- Number of New Cancer Cases and Deaths (in Million) by Region for 2020
- World Diabetes and Population Statistics (2021, 2030 & 2045)
- Global HIV Prevalence: Number of People Living with AIDs (in Million) by Region as of June 2021
- COVID-19 Pandemic-Triggered Rise in Demand for Cadaver Bags Stands Testimony to the Human Tragedy: Implications for the Death Care Industry
- Global Demand Spike for Cadaver Bags Highlights Excess Deaths Associated with COVID-19: Global Market for Cadaver Bags (In US$ Million) for Years 2018 Through 2022
- Exploitative Side of Death Care
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/flxxwd
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