About Deathcare Products and Services
Deathcare services and related goods by entities organizations, sole traders, and partnerships that prepare the dead for burial or interment, conduct funerals, operate sites or structures reserved for the interment of human or animal remains, and cremate the dead comprise the death care services market. The planning, provision, and enhancement of post-death services, products, policies, and governance is known as deathcare. Here, the term deathcare refers to the industry of deathcare employees, as well as the legislation and politics surrounding deathcare delivery and as an interdisciplinary academic subject of study.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.7% |
The global deathcare products and services market is fragmented due to the presence of several players at the global and regional levels. Companies are providing a variety of services and methods to trace ancestors. Players are investing in new technology to enhancement on their market. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Deathcare Products and Services market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Astral Industries, Inc. (United States), Baalmann Mortuary (United States), Charbonnet Family Services (United States), CJ. Boots Casket Company (United States), Classic Memorials Inc (United States), Creter Vault Corporation (United States), Doric Products Inc (United States), Giles Memory Gardens (United States), Hillebrand Funeral Homes Inc (United States) and Kepner Funeral Homes (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are McMahon, Lyon & Hartnett Funeral Home, Inc. (United States), Musgrove Mortuaries & Cemeteries (United States), NorthStar Memorial Group, LLC (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Deathcare Products and Services market by Type (Funeral Homes, Funeral Services, Cemeteries and Crematories) and Region.
On the basis of geography, the market of Deathcare Products and Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Services, the sub-segment i.e. Caskets & Vaults will boost the Deathcare Products and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Mode, the sub-segment i.e. Online will boost the Deathcare Products and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Arrangement, the sub-segment i.e. At-Need Arrangement will boost the Deathcare Products and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Funeral Home Software Remains Relevant in the DeathCare Industry and DeathCare Practices Are Becoming both Economically and Environmentally Catastrophic
Market Growth Drivers:
DeathCare Industry is a Major Supporter of Technology and Innovation and Startups in the Death Care Industry Are Experimenting With New Ways to Honor Loved Ones
Challenges:
Decreasing Number of Working People in These Deathcare Products and Services
Restraints:
Lack of Complete Knowledge over Utilizing the Services and People in Rural Areas Are Less Aware Of These New Services
Opportunities:
Funeral Home Offers a Wide Range of Funeral Services, Including Burials, Cremations, And Memorial Services
Market Leaders and their expansionary development strategies
In November 2019, The ACCC will not oppose the proposed acquisition of Gregson & Weight by Propel Funeral Partners Propel and Gregson & Weight operate funeral director businesses and offer cremation services.
In September 2021, Astral has introduced a comprehensive range of plumbing systems and fittings in PVC, CPVC, and lead-free PVC, including drainage systems, agriculture systems, fire sprinkler systems, electrical conduit pipes, and plumbing systems for industrial purposes, among others. Through the acquisition of Rex, Astral's product portfolio has been expanded to include additional items such as corrugated pipes, cable protection systems for telecommunication lines, double wall corrugated pipes, and sub-surface drainage pipes.
State-by-state regulations govern the funeral home industry. State regulations vary greatly per state and are subject to regular revisions, making them one of the most complicated aspects of the funeral industry. Individuals who perform funeral-related services must be licenced in the great majority of jurisdictions.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Deathcare Products Suppliers & Distributors, Regulating Authorities and Policymakers, Government Bodies, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.