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Death Care Market in US - Industry Outlook and Forecast Report 2018-2023 Featuring StoneMor, Carriage Services, NorthStar Memorial Group, and Hillenbrand - ResearchAndMarkets.com

November 27, 2018

DUBLIN--(BUSINESS WIRE)--Nov 27, 2018--The “Death Care Market in US - Industry Outlook and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.

The US death care market is estimated to reach revenues of around $68 billion by 2023, growing at a CAGR of over 4% during 2017-2023.

Several companies are either developing an existing model/blueprint by improving marketing, products, and distribution methods or bringing on board entirely innovations in the US market. The rise in the number of GoFundMe and Kickstarter campaigns that are crowdfunding funeral costs is becoming a trend especially among cases where the death was sudden.

The US death care market is driven by the digital revolution and innovated business models to draw consumers. The leading vendors are also investing in premium products and services to serve the boutique consumers in the US market. The market research report provides in-depth market analysis and segmental analysis of the US death care market by operations, arrangements, and products and services.

The report considers the present scenario of the US death care market and its market dynamics for the period 2018-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and several other prominent companies operating in the market.

Death Care Market in US - Dynamics

Increases in cremations overtakes the traditional burial methods in the US death care market.Demographics, economics and a host of other factors are driving a steadily slow movement towards cremation.Cremation is an energy-intensive process that puts out particulates and greenhouse gases, emitting 600 million+ lbs. of CO2 in a year. Then again there are new processes of water cremation called alkaline hydrolysis where the body is liquefied, and the bones are crushed into ashes.

The US death care market is highly fragmented and consist of three categories such as funeral homes, cemetery owners and operators, and producers of memorial and burial products. The consolidation of the players is intensifying the competition in the US market. The four major players namely, StoneMor, Carriage Services, NorthStar Memorial Group, and Hillenbrand control majority of the US market share. The entrant of e-commerce giants such as Walmart and Amazon offering products at low prices will impact the level of competition in the US market. The vendors are offering packaged services to attract a maximum number of consumers in the US death care market.

The major vendors in the US death care market are:

Service Corporation International (SCI) Hillenbrand StoneMor Carriage Services NorthStar Memorial Group

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of Study

4.3.1 Market Segmentation by Operations

4.3.2 Market Segmentation by Arrangement

4.3.3 Market Segmentation by Products and Services

5 Report Assumptions and Caveats

5.1 Key Caveats

5.2 Inclusions

5.3 Exclusions

5.4 Currency Conversion

5.5 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.2 State Of US Economy

7.3 State of US Health

7.4 Death Care Industry: Overview

7.4.1 Customer journey

7.4.2 Considerations for arranging funerals

7.4.3 Customer profiles

7.4.4 Existing business models

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Impending death of baby boomers

8.1.2 Concerns about dying of despair

8.1.3 Shifting attitude towards death

8.1.4 Rise of the Nones

8.2 Market Growth Restraints

8.2.1 Violations in death care services

8.2.2 Exorbitant charges for death care

8.2.3 Anti-consumer practices

8.2.4 At-home funerals

8.2.5 Medical system built on fixing

8.3 Market Opportunities and Trends

8.3.1 Increasing rate of cremations in tradition takeover

8.3.2 Green signal for green burial

8.3.3 Change in focus from hardware and products to services

8.3.4 Tailored send-offs

8.3.5 Pet loss and aftercare gaining traction

9 Death Care Market In US

9.1 Market Size & Forecast

9.2 Porter’s Five Forces Analysis

10 By Operations

10.1 Market Overview

10.2 By Funeral Homes

10.3 By Cemeteries

11 By Arrangement

11.1 Market Overview

11.2 At-need Arrangement

11.3 Pre-need Arrangement

12 By Products and Services

12.1 Market Overview

12.2 By Caskets and vaults

12.3 By facility rentals

12.4 By Embalming and Cosmetic Preparation

12.5 By Urns

12.6 By Transportation

12.7 By Other Services

13 Competitive Landscape

13.1 Market Overview

14 Market Vendor Analysis

Other Prominent Vendors

Astral Baalmann Mortuary Campbell Funeral Homes Charbonnet family services Classic Memorials CJ Boots Casket company Creter Vault corporation Doric products Evergreen Washelli Giles Memory Gardens Kepner funeral McMahon, lyon & Hartnett Funeral Home Musgrove Mortuaries and Cemeteries Natural Legacy USA Newton Cemetery The Northern Craft Advantage Nosek-McCreery Funeral, Cremation & Green services Park Lawn Cemetery Rock of Ages Sauder Funeral Products Sich Sunset Memorial Park Starbuck Funeral Home Thacker Caskets Trigard The Tribute Companies Victoriaville & Co Wilbert Funeral Services

For more information about this report visit https://www.researchandmarkets.com/research/tv9jp5/death_care_market?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181127005468/en/

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Related Topics:Funeral Services

KEYWORD: UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 11/27/2018 07:46 AM/DISC: 11/27/2018 07:46 AM

http://www.businesswire.com/news/home/20181127005468/en

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