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Death Care Services Market worth $157.68 billion by 2030, growing at a CAGR of 6.79% - Exclusive Report by 360iResearch
The "Death Care Services Market by Services (Burial Services, Cremation Services, Grief Support & Counseling Services), Arrangement (At-Need Arrangement, Pre-Need Arrangement), End-use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global Death Care Services Market to grow from USD 99.53 billion in 2023 to USD 157.68 billion by 2030, at a CAGR of 6.79%.
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Death care services encompass a range of services provided to manage and handle the remains of deceased individuals, as well as to support grieving families and friends. The death care services market refers to the industry that provides services related to the disposition of human remains and associated ceremonies. These services encompass funeral homes, cemeteries, and crematories, among other services and products used in memorializing deceased persons. The rising geriatric population, along with the prevalence of chronic diseases, subsequently increases the need for death care services. Moreover, a stronger inclination toward cultural and traditional funeral services is shaping the market. High costs associated with death care services, along with environmental concerns related to death care services, can restrict market development. Growing investments and deathcare infrastructure across economies and the emergence of digital deathcare services open new service offerings within the market.
The death care services market in the Americas, particularly in the United States and Canada, is characterized by a strong presence of corporate entities with independently owned funeral homes. Additionally, eco-friendly funeral services are growing, including green burials and cremation, driven by environmental concerns and changing consumer preferences. The need for death care services can vary significantly across the South American region, with a diverse range of cultural attitudes toward death and mourning practices. In the Asia-Pacific region, death care services are deeply influenced by cultural and religious traditions, leading to a diverse landscape. Countries such as Japan and South Korea have a high rate of cremation, while places such as India hold significance to the traditional burial and cremation practices determined by religion. There is an increasing need for memorial parks and high-tech cremation facilities in rapidly urbanizing areas. Moreover, the concept of post-life care is getting infused with digital innovations, including online memorials and virtual funeral services. The EMEA region is combining traditional and evolving practices in death care services. In Europe, there is a trend toward personalized funeral services, emphasizing reflecting the deceased's unique life. This personalization can include everything from bespoke coffins to exceptional memorial services. Compliance with strict regulations, particularly those concerning environmental impact, shapes the services offered in this region. The Middle East and parts of Africa adhere to religious customs, with quick burial practices as per Islamic traditions dictating the services provided.
Market Segmentation & Coverage:
This research report categorizes the Death Care Services Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Services, market is studied across Burial Services, Cremation Services, Grief Support & Counseling Services, Legal & Administrative Assistance, Memorials & Keepsakes, and Transportation & Repatriation Services. The Cremation Services commanded largest market share of 21.13% in 2023, followed by Grief Support & Counseling Services.
Based on Arrangement, market is studied across At-Need Arrangement and Pre-Need Arrangement. The At-Need Arrangement commanded largest market share of 66.60% in 2023, followed by Pre-Need Arrangement.
Based on End-use, market is studied across Cemeteries and Funeral Homes. The Cemeteries commanded largest market share of 61.58% in 2023, followed by Funeral Homes.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.66% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Death Care Services Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Death Care Services Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Death Care Services Market, highlighting leading vendors and their innovative profiles. These include Aftermath Services by ServiceMaster Company, LLC, Anthyesti Funeral Service, Arbor Memorial Inc., Baalmann Mortuary, Batesville Services, LLC, Carriage Services, Inc., Charbonnet Labat Funeral Home, Citizens Funeral Services, Inc., Classic Memorials Inc., Co-operative Group Limited, Creter Vault Corporation, Dignity PLC, Doric Products Inc., Foundation Partners Group LLC, Fu Shou Yuan International Group Limited, Giles Memory Gardens, InvoCare Limited, Kepner Funeral Homes, Matthews International Corporation, McMahon, Lyon & Hartnett Funeral Home, Inc., Musgrove Mortuaries & Cemeteries, Nirvana Asia Ltd., NorthStar Memorial Group, LLC, OGF Group, Park Lawn Corporation, Propel Funeral Partners, Recompose, Service Corporation International, Westerleigh Group, and Withum Smith+Brown, PC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Death Care Services Market, by Services
7. Death Care Services Market, by Arrangement
8. Death Care Services Market, by End-use
9. Americas Death Care Services Market
10. Asia-Pacific Death Care Services Market
11. Europe, Middle East & Africa Death Care Services Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Death Care Services Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Death Care Services Market?
3. What is the competitive strategic window for opportunities in the Death Care Services Market?
4. What are the technology trends and regulatory frameworks in the Death Care Services Market?
5. What is the market share of the leading vendors in the Death Care Services Market?
6. What modes and strategic moves are considered suitable for entering the Death Care Services Market?
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