Death Care Services Market Size, Share, Growth, and Industry Analysis, By Type (Cremation, Burial), By Application (Child, Teenager, Adult, Senior), Regional Forecast to 2031

Updated On: 22 April 2024

Death Care Services Market REPORT OVERVIEW

• 

• Request a Free Sample to learn more about this report

global death care services market size was USD 121570 million in 2021 and market is projected to touch 184390.04 million by 2031, exhibiting a CAGR of 4.2% during the forecast period.

Companies and organizations that offer services associated to death, such as monuments, cremations, or burials, are referred to as being in the "Death Care Industry." This includes, for instance, cemeteries, headstones, coffins, and crematories. Death care refers to organizations and enterprises that offer their customers services associated with death, such as memorials, cremations, and funerals. Deathcare is the organization, delivery, and enhancement of post-death services, procedures, goods, and administration. Funeral homes and funeral services, cemeteries, and crematories are the three primary categories of post-death care services.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.

LATEST TRENDS

"Growth of the market in recent years"

Alkaline hydrolysis is a technique that funeral homes and other death care providers are increasingly utilising to dispose of bodies. Using sodium hydroxide and heat, alkaline hydrolysis is a chemical procedure for disposing of human remains. The procedure breaks down a body into its liquid and bone constituents using a mixture of 95% water and 5% potassium hydroxide or sodium oxide. Retained bone pieces are dried into a material resembling cremated ashes. Alkaline hydrolysis produces a non-toxic liquid byproduct that is disposed away through the sewage system. For instance, Washington, a state in the United States of America, legalised alkaline hydrolysis as a valid method of human body disposal as of 2020.

Death Care Services Market SEGMENTATION

• 

• Request a Free Sample to learn more about this report

• By Type

Based on type the Global Death Care Services Market is classified as Cremation, Burial.

• By Application

Based on application the Global Death Care Services Market is classified as Child, Teenager, Adult, Senior.

DRIVING FACTORS

"The Utilization as a Catalyst to Boost the Market Growth "

The demand for death care services around the world is increasing as a result of changing lifestyles and an increase in the number of people working full-time. Additionally, increasing consumer knowledge of these services encourages market shares, particularly in developed and developing nations. The market for death care services is expanding more quickly thanks to the emphasis on enhancing customers' personalised needs and changing delivery strategies to provide excellent services.It is projected that increasing government support for the event's careful management, particularly in the military and other sectors, will present growth prospects for the market.

"Extensive Application in Laundering Process to Multiply the Production and Market Growth"

Another aspect of the levelling of market demand is the increase in investments in death care services. Additionally, the market for death care services is seeing a surge in demand due to the rising prominence of services connected to rituals related to death, such as funerals, burials, cremations, or memorials for the deceased. One of the elements influencing the market's growth rate is the increase in urban disposable income. The market will advance in the next years as a result of digital transformation in the death care industry. Due to the pandemic, more than 25% of people are arranging funeral services online. Technology, which is predicted to drive the market for death care services, makes people feel more at ease. Over 25% of people view information about the funeral online.

RESTRAINING FACTORS

"Several Challenges Associated with the Local Irritation to Restrain the Market"

The market's growth pace is eventually constrained by variations in raw material supply and rising costs. The incomplete information and inappropriate overuse of the service are also steadily reducing market demand. Rural residents' lower awareness of these new services continues to be a major barrier for market developers' death care services. The lowering market demand is also influenced by the declining number of employees in these death care organisations.diseases like diabetes, cancer, and other conditions. The country with the highest COVID-19 mortality rate was the United States. As a result, there will be room for expansion in the market for death care services in the upcoming years.

Death Care Services Market REGIONAL INSIGHTS

• 

• Request a Free Sample to learn more about this report

"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

Due to an increase in fatal illnesses, the North American Death Care Services Market dominates regionally with the greatest market shares. Additionally, the implementation of contemporary cremation practises in metropolitan areas is credited with boosting market demand in this area. In the United States, these death care services are in charge of planning funerals, burials, and cremations in addition to offering other services and products related to death. 2019 saw close to 3.5 million fatalities in the US. The Covid-19 epidemic and some other chronic diseases are to blame for the majority of deaths. This element accelerates market expansion in this area. This death care service is utilised by the military in the US as well.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of Market Players Profiled

• WALMART (US)
• 1-800-FLOWERS.COM (US)
• AMAZON.COM (US)
• CARRIAGE SERVICES INC. (US)
• HILLENBRAND, INC. (UK)
• MATTHEWS INTERNATIONAL (US)
• ROCK OF AGES CORP. (UK)
• SERVICE CORP. INTERNATIONAL (US)
• STONEMOR PARTNERS (US)
• STEWART ENTERPRISES INC. (US)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.