What is Death Care Merchandise Services?
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.
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Immediate- Need and Pre- Planned) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Death Care Merchandise Services market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Death Care Merchandise Services market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them 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).
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.
Growing Adoption of Green Burials and Emergence of DIY, Build-Your-Own End-Of-Life Experience
- High Cost of Merchandise Services
Rise in Investments in Death Care Merchandise Services and Increasing Prevalence of Online Engagement
Key highlights of the Global Death Care Merchandise Services market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Death Care Merchandise Services market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Death Care Merchandise Services market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Death Care Merchandise Services Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
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 for the 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, Annual reports, press releases etc.