Market Research on Funeral Products and Services Industry: Traditional Services to Generate Significant Revenues, Analyzed till 2026

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Rockville, US, 2018-May-16 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of global funeral products & services market. The study is titled as Funeral Products and Services Market Research Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2026. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global funeral products & services market.

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Factors Fuelling Growth of the Global Market     

Growth of the global funeral products & services market is mainly bound by various macro-economic and micro-economic factors. Increasing number of deaths will significantly fuel the global market growth of funeral products & services. With the growing old population and increasing urbanization, mortality rate is projected to increase positively. In a recent report published by CDC, the recorded death rate is 823.7 deaths per 100,000 population. The report further reveals that various heart diseases continue to remain a major cause of death. The global market growth is further projected to gain momentum attributed to strong economic growth and surge in disposable income.

Surge in demand to perform euthanasia in hospitals has further led to surge in the death rates significantly. Patients that are affected by various terminal illness continue to remain subject to the constant sufferings and pains. As these patients in constant pain and sufferings, demand to perform euthanasia continues to increase in various hospitals. Pancuronium bromide, potassium chloride and sodium thiopental are some of the lethal vaccinations that are vaccinated in patients who are suffering from terminal diseases such as chronic lung problems, neurological condition, heart failures and last stage of Alzheimer’s. These factors continue to impact growth of the global funeral products & services market positively.

Increase in the death rate has led to surge in demand for death care services such as funerals, cremation or burial and memorials. Companies in the death care industry are mainly witnessed to focus on offering funeral products such as headstones, cemeteries, crematoria and coffins. Surge in incidences of under nutrition, malnutrition and infectious diseases is further expected to impact demand for death care services in the global market.

Sales to Remain High Through Traditional Services

With the increasing preference for conducting funeral ceremonies with rituals has revved up demand for the traditional services. In terms of revenue, the traditional service type segment is projected to represent robust revenue growth, recording more than US$ 65,000 Mn by the end of 2022. On the other hand, the immediate service type segment is projected to reflect a healthy CAGR during the forecast period. By 2017-end, the at-need funeral planning segment is projected to generate significant revenues, accounting for more than US$ 33,000 Mn. The at-need funeral planning segment is projected to represent the fastest growth in the global market during the forecast period.

Market Players

Major players in the global market of funeral products & services are Matthews International Corporation, Service Corporation International, StoneMor Partners, Dignity Plc, Carriage Services Inc., InvoCare Ltd, San Holdings Inc., Fu Shou Yuan International Group Ltd, Funespana SA and Nirvana Asia Ltd.

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Table of Contents:

Chapter 1 Global Market Outlook

Chapter 2 Global Funeral Products and Services Market – Executive Summary

Chapter 3 Global Funeral Products and Services Market Overview
3.1 Introduction
3.1.1 Global Funeral Products and Services Market Taxonomy
3.1.2 Global Funeral Products and Services Market Definition
3.2 Global Funeral Products and Services Market Size (US$ Mn) and Forecast, 2012-2022
3.2.1 Global Funeral Products and Services Market Y-o-Y Growth
3.3 Global Funeral Products and Services Market Dynamics
3.4 Cost Structure
3.5 Market Trends
3.6 Key Facts
3.7 Buyer Trends
3.8 Porter’s Analysis
3.9 Causes of death by rate
3.10 Pricing Analysis
3.11 Deaths by Age Group
3.12 List of Suppliers/ Distributor
3.13 Value Chain Analysis
3.14 Key Participants in the Market by Region

Continued………

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