Thu, 04 Jun 2020

Global Death Care Service | SWOT Analysis & Forecast - 2024

iCrowd Newswire
08 Oct 2019, 06:39 GMT+10 Presents "Global Death Care Service Market Size, Status and Forecast 2019-2025" New Document to its Studies Database

Death care service industry refers to organizations and communities that provide services associated with death-related rituals including funerals, burials or cremation, and death memorials. Rising incidences of severe diseases resulting in the death of people and hectic schedules/busier lifestyles of people across the globe are driving the demand for efficient death care services. The death care industry is constantly attempting to meet the personalised requirements of clients by modifying their business models to process beyond simply delivering vaults and paraphernalia related services. Factors like the rising trend towards cremation and customized service requirements of consumers are expected to drive the death care market.

Funeral homes are one of the most critical and popular segments of the death care service industry. The common operations of the funeral home include retailing memorial and burial products. The funeral service providers help people in selecting memorial venues and manage the whole event with optimum care, and also handle preparations of the body for cremation or burial. The manufacturers operating in death are industry focus on producing memorialization products including headstones, caskets, and urns. The fluctuation in the prices of raw materials required for producing these products may impede the market growth.

Numerous organizations are developing an advanced marketing model by improving marketing strategies, enabling product innovation, and improving distribution procedures. Some of the market players are focusing on developing entirely modified marketing strategies to boost the service demand. Further, rising subsidies from the regional and national governments that are crowdfunding funeral expenses have become a trend, particularly among cases where the death was unexpected. The global death care service market is primarily driven by the digital revolution and innovation in business models in order to draw a large customer base. The prominent market players are researching and investing in premium products & services to serve the boutique consumers across the globe.

Key Players

Hillenbrand, Inc. (HI) Service Corp. International (SCI) Walmart (WMT) Carriage Services Inc. (CSV) (FLWS) Rock of Ages Corp. (ROAC) Stewart Enterprises Inc. (STEI) Matthews International (MATW) (AMZN)

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Market Segmentation

According to market research, the global death care service market can be analyzed on the basis of service types, major applications, leading market players, and regional markets.

Based on the types, the global death care service market can be segmented into-

  • Funeral homes
  • Cemeteries
  • Manufacturers
  • Other

Based on the applications, the global death care services market can be segmented into-

  • Online
  • Offline

Based on the regions, the death care service market can be segmented into-

  • North America
  • Europe
  • Asia Pacific
  • Southeast Asia
  • Central and South America

Considering the major products & services, the death care service market can be further classified into vaults and caskets building and venue rentals, embalming preparation, urns, and others.

Regional Analysis

North America is considered as the most prominent death care service market. Demographic and economic advancements along with a host of other crucial factors drive the growth of the death care market in this region. Cremation is considered as an energy-intensive procedure that puts out harmful particulates and greenhouse gases, emitting about 600 million+ lbs. of carbon dioxide, in a year. Considering this fact, a new procedure of cremation, called alkaline hydrolysis, was introduced in the US. In this technique, the body is completely liquefied and the bones are crushed into ashes. This procedure is highly secure for the environment and is almost similar in price to the formal procedure. Green burials are expected to be the next essential step towards sustainability in the North American death care market.

Industry News

The entrants of the prominent e-commerce market players such as Amazon and Walmart offering products and services at a much lower price is foreseen to impact the level of competition in the global death care service market. The vendors are focusing on offering packaged services to attract a large number of customers in the death care service market.

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Table Of Contents:

1 Report Overview

2 Global Growth Trends

3 Market Share by Key Players

4 Breakdown Data by Type and Application

5 United States

6 Europe

7 China

8 Japan

9 Southeast Asia

10 India

11 Central & South America

12 International Players Profiles

13 Market Forecast 2019-2025

14 Analyst's Viewpoints/Conclusions

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