Global Death Care Merchandise Services Market Overview:
Death care is the planning, delivery, and enhancement of post-death services, products, policies, and governance. Companies and organisations that provide death-related services such as funerals, cremation or burial, and memorials are included in the death care merchandise services. This includes, for example, funeral homes, coffins, crematoria, cemeteries, and headstones. The death care industry is primarily made up of small businesses, though there has been significant consolidation over time. The death care services are contentious due to the exorbitant costs of services, as well as the negative impact of traditional funeral practises. Death care companies' practises are frequently backed up by onerous state regulations that raise prices and worsen environmental effects.
- Rise in Incidences of Various Diseases, Accidents and Natural Calamity
- Growing Popularity of Death Care Services
- High Cost of Merchandise Services
- Rise in Investments in Death Care Merchandise Services
- Increasing Prevalence of Online Engagement
- Lack of Awareness in Rural Areas
The demand for Death Care Merchandise Services is increasing. The industry is segmented, but it is predicted to grow as rise in road accidents, various diseases and natural calamities, among other factors, drive the market forward. Businesses in this sector face global competition from market leaders who control a large share of the market. Companies are differentiating their products from competition by employing environmentally friendly materials and manufacturing techniques. The Leading Players are engaging in strategic global expansion to maintain their Market Position.
Some of the key players profiled in the report are Service Corporation International (United States), Carriage Services, Inc. (United States), Hillenbrand, Inc. (United States), Alderwoods Group (United States), Matthews International Corporation, InvoCare (Australia), The Co-operative Group (United Kingdom), Dignity plc (United Kingdom), StoneMor Partners L.P. (United States) and Propel Funeral Partners (Australia). Additionally, following companies can also be profiled that are part of our coverage like Wilbert Funeral Services (United States), Grafton & District Funerals (Australia) and Suhor Industries, Inc. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Death Care Merchandise Services market by 2026. Considering Market by Product and Service, the sub-segment i.e. Caskets and Vaults will boost the Death Care Merchandise Services market. Considering Market by Operations, the sub-segment i.e. Burial will boost the Death Care Merchandise Services market.
In October 2021 StoneMor Inc. had announced partnership with Sympathy Brands. StoneMor delivers the most complete, pre-planning, at-need, and continuous aftercare for families and their extended support networks at each phase through its strategic collaboration with Sympathy Brands.
What Can be Explored with the Death Care Merchandise Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Death Care Merchandise Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Death Care Merchandise Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Death Care Merchandise Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Death Care Merchandise Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Death Care Merchandise Services Market?
The Death Care Merchandise Services market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Death Care Merchandise Services Market?
Top performing companies in the Global Death Care Merchandise Services market are Service Corporation International (United States), Carriage Services, Inc. (United States), Hillenbrand, Inc. (United States), Alderwoods Group (United States), Matthews International Corporation, InvoCare (Australia), The Co-operative Group (United Kingdom), Dignity plc (United Kingdom), StoneMor Partners L.P. (United States) and Propel Funeral Partners (Australia), to name a few.
3. What trending factors would impact Death Care Merchandise Services Market growth most?
"Growing Adoption of Green Burials
" is seen as one of major influencing trends for Death Care Merchandise Services Market during projected period 2020-2026.