Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
US funeral services market estimated to be worth approximately $20.7 billion

US funeral services market estimated to be worth approximately $20.7 billion


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2013-01-09 16:39:31 - US funeral services market estimated to be worth approximately $20.7 billion

The US funeral services market is currently estimated to be worth around $20.7 billion annually, with in excess of 2 million funerals taking place each year.There is an estimated 23,000 funeral directors currently offering services in the US, but exact numbers prove to be difficult to pinpoint as the profession is regulated differently by each State.In recent years, the funeral industry has become more competitive with the emergence of "alternative" funeral service providers and retail stores. These organisations market themselves as a lower cost alternative to traditional funeral homes.These alternative funeral service providers typically offer the services of Funeral Directors but they may specialise in certain services or offer a packaged, simplified, or "no frills" approach. For example, they may

 

 

specialise in cremation or offer only graveside services.To control costs, many of these organisations do not own their own funeral homes. Instead, they will rent facilities on an hourly or daily basis as needed.Market share concentration in the industry is low, with the top four companies, National Funeral Directors Assn, Service Corp International, Hillenbrand Inc, and Daniels Family Funeral Services, accounting for an estimated 13.1% of total industry revenue in 2012.The majority of the 24,881 funeral home operators are small, locally-owned, independent operations that have been in business for more than 47 years and perform about 110 funerals and 150 burials per year.The funeral services industry is intensely local, with most funeral homes serving customers that live within a 10- to 15-mile radius of the property´s location.Pre-burial services, which include embalming and cosmetic preparation, transportation, facility rental for wakes and memorial services, account for about 40% of revenue.Sales of caskets and other funeral goods (urns, wreaths, etc.) make up about 25% of revenues. Other sources of revenue include burial rights.For more information on the US funeral services market, see the latest research: US Funeral Services MarketFollow us on Twitter @CandMResearch

Click for news details: www.companiesandmarkets.com/News/Business-Services/US-funeral-se ..

Browse all Business Services C&M News www.companiesandmarkets.com/News/Business-Services/?aCode=f3fb39 ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com