Funeral Homes and Funeral Services Market to grow by USD 27.48 billion from 2022 to 2027; market is fragmented due to the presence of prominent companies like Carriage Services Inc., Chapel Funerals and Co-operative Group Ltd., and many more – Technavio

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

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 playersKey Trend – Strategic partnerships and acquisitions among playersMajor 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

Related Reports

The senior living market is estimated to grow at a CAGR of 5.65% between 2022 and 2027. The size of the market is forecast to increase by USD 91.37 billion. 

The insurance brokerage market is estimated to grow at a CAGR of 6.24% between 2022 and 2027. The market size is forecasted to increase by USD 75.24 billion. 

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