Published Date : Apr 11, 2016
ALBANY, New York, April 11, 2016: A recent report added to the vast report database of MarketResearchReports.biz presents a detailed snapshot of the major trends and growth opportunities that the global death care and funeral services market will offer over the period between 2016 and 2020. The report bases the predictions on a detailed reports of the current state of the key market segments and major factors such as drivers, restraints, and trends that will influence the future development of the global death care and funeral services market.
The report is titled “Death Care & Funeral Service Market: Trends & Opportunities (2016-2020).”
It states that the global market for death care and funeral services comprises an array of providers of burial and funeral goods and services such as cemeteries, funeral directors, and third-party sellers. The market has exhibited growth at a significant pace over the period between 2011 and 2015. The report predicts that the market will expand at a significant pace over the report’s forecast period as well.
The report segments the global death care and funeral services market on the basis of products into pre-need products and as-need products. Of these, the segment of pre-need products led the market over the report’s review period.
Some of the major drivers for the global death care and funeral services market are steady rise in the global population, rising disposable incomes, strong economic growth exhibited by developing countries, rapid urbanization, rising global population of geriatrics, and the presence of several untapped opportunities in the premium death care services and products segment.
However, the market is expected to be hampered to a certain extent by factors such as concerns regarding the risk factors associated with biological and chemical exposure common during embalming operations, and several musculoskeletal other hazards associated with cremation.
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The death care and funeral services industry has historically been fragmented, with products and services sold by funeral and burial industries being fairly distinct. For instance, funeral merchandise and services were sold primarily by funeral homes and funeral directors, and burial merchandise and services were sold by cemeteries.
However, such distinctions are rapidly diminishing in the present day death care and funeral services market and the market is becoming consolidated at a rapid pace. Large chains of death care and funeral services companies are purchasing and managing previously locally owned cemeteries and funeral homes.
The competitive landscape of this highly competitive market features big companies such as Service Corporation International (SCI) in the U.S. and Fu Shou Yuan International Group and Nirvana Asia Ltd. in Asia.
The report covers the death care and funeral services market in countries including the U.S., Malaysia, Indonesia, Singapore, and Thailand.
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