Global Death Care & Funeral Service Market Overview:
Death care refers to companies and businesses that sell services relating to death, Such as memorials, Cremation, and funeral to their clients. Death care is the planning, provision, and improvement of Post-death services, policies, products,s and governance. The increase in the number of people opting for funeral plans, the increasing global population, and the increase in demand for lavish funerals drive the death care & funeral service market.
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Increasing Digitalization of the Death Care Industry and Increasing Usage of Alkaline Hydrolysis Method for Disposing of Corpses
Market Growth Drivers:
Increase in Number of People Opting for Funeral Plans, Increasing Global Population, And Increase in Demand for Lavish Funerals, Increasing Incidents of Chronic Diseases Leading to Rise in Death Worldwide and Increasing Number of Women’s Shifting Funeral Traditions by Bringing Fresh Perspectives and Innovative Ideas
Decreasing Number of Working People in These Death Care Organizations
Fluctuation in Availability of Raw Material and Increasing Price and Lack of Complete Knowledge and Over Utilizing Service Inappropriate Manner
Growing Support from Government Authorities to Manage the Whole Event with Optimum Care, Especially In Military Sectors.
Death Care & Funeral Services is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on delivering their services. The companies are also planning strategic activities like mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Fu Shou Yuan International Group (China), Carriage Services (United States), NorthStar Memorial Group (United States), Stonemor Inc. (United States), Funespana (Europe), Kumar Funeral Services (India), Anthyesti Funeral Services and Invocare (India), Service Corporation International (United States), StoneMor Partners L.P (United States) and Carriage Services Inc. (United States). Considering Market by Operation, the sub-segment i.e. Funeral Homes will boost the Death Care & Funeral Service market. Considering Market by Product & Services, the sub-segment i.e. Caskets & Vaults will boost the Death Care & Funeral Service market. Considering Market by Arrangement, the sub-segment i.e. Need Arrangement will boost the Death Care & Funeral Service market.
Latest Market Insights:
In August 2022, Fu Shou Yuan International Group Limited, a leading death care services provider in the PRC, announced its interim results for six months. Also, officially launched the "Digital Cemeteries. Huixin Valley", Deepening integration of "Internet+ death care service.
In May 2023, Carriage Services, Inc. announced landmark national agreements with National Guardian Life Insurance Company, which has provided insurance solutions for over 100 years, and Precoa, the leading pre-arranged funeral sales and marketing company in the death management industry. This strategic partnership provides exceptional prearranged funeral services and products across the Carriage Services platform, empowering families with unparalleled peace of mind and enhanced customer experience.
What Can be Explored with the Death Care & Funeral Service Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Death Care & Funeral Service Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Death Care & Funeral Service
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 & Funeral Service 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 & Funeral Service 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.
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.