Press release
Global Death Care Services Market: Booming Trends, Key Players, and Projections for 2024-2029
Death Care Services Market
What Is The Projected Market Size Of The Global Death Care Services Market And Its Growth Rate?
The Death Care Services Market shows significant growth potential.
•2024 Market Size: $127.83 billion
•2025 Market size: $138.74 billion (8.5% CAGR)
•2029 Market Size: $186.89 billion (7.7% CAGR)
The market growth is propelled by the rise in world population, increase in accidents, and robust economic growth in emerging markets.
What Is Driving The Growth In The Death Care Services Market?
Decreasing life expectancy, resulting in a higher death rate, is driving the growth of the Death Care Services Market. Life expectancy refers to how many years a person is expected to live. Increasing number of deaths create higher demand for death care services. According to the Centers for Disease Control and Prevention, in March 2024, the gap in life expectancy between females and males was 5.4 years, which is a decrease of 0.4 years compared to 2021. Therefore, the decreasing life expectancy is expected to drive the growth of the Death Care Services Market in the coming years.
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Who Are the Key Players Driving Death Care Services Market Growth?
•Service Corporation International (SCI)
•Nirvana Asia Ltd
•Dignity Plc
•Arbor Memorial Inc.
•InvoCare
•Fu Shou Yuan International Group
•Carriage Services
•NorthStar Memorial group
•Stonemor Inc.
•Funespaña
What Are The Key Trends In The Death Care Services Market?
Key trends in the Death Care Services Market:
•Investing in alkaline hydrolysis cremation technologies
•Offering green burial services
•Providing personalization services for funerals
•Allowing live streaming of funerals for those unable to attend
•Offering GPS based tracking in cemeteries
•Providing digital tags for tombstones
•Offering advanced funeral planning
What Are The Segments Of The Global Death Care Services Market?
•By Type: Funeral Homes And Funeral Services, Cemeteries And Crematories
•By Arrangement: At-Need Arrangement, Pre-Need Arrangement
•By Mode: Online, Offline
Which Region Leads The Death Care Services Market?
Asia-Pacific was the largest region in the death care services market in 2024, followed by North America. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Death Care Services Market Global Market Report?
- Market Size Analysis: Analyze the Death Care Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Death Care Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Death Care Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Death Care Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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