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Global Death Care Services Business Report 2023: Industry Embraces Technology and Innovation in a Major Way - ResearchAndMarkets.com


The "Death Care Services - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Death Care Services Market to Reach $189.8 Billion by 2030

The global market for Death Care Services estimated at US$118.3 Billion in the year 2022, is projected to reach a revised size of US$189.8 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030. Funeral Homes & Funeral Services, one of the segments analyzed in the report, is projected to record 5.9% CAGR and reach US$131.9 Billion by the end of the analysis period. Growth in the Cemeteries & Crematories segment is estimated at 6.6% CAGR for the next 8-year period.

The report highlights the importance of caring for the deceased as a sacred task for humans, emphasizing the cultural significance that provides the cornerstone for the growth of the death care services market. The COVID-19 pandemic is noted as a significant factor that has increased the demand for funeral services. The report discusses how the steeped rituals and farewells for the deceased, whether due to COVID-19 or other causes, have driven the demand for funeral services.

In terms of competition, the global key competitors' percentage market share in the death care services market for 2023 is provided, along with an assessment of competitive market presence categorized as strong, active, niche, or trivial for players worldwide in 2023.

The U.S. Market is Estimated at $39.9 Billion, While China is Forecast to Grow at 7.8% CAGR

The Death Care Services market in the U.S. is estimated at US$39.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$24.1 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 6.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

What`s New?

Key Attributes:

Report Attribute Details
No. of Pages 525
Forecast Period 2022 - 2030
Estimated Market Value (USD) in 2022 $118.3 Billion
Forecasted Market Value (USD) by 2030 $189.8 Billion
Compound Annual Growth Rate 6.1%
Regions Covered Global

MARKET TRENDS & DRIVERS

FOCUS ON SELECT PLAYERS (Total 220 Featured)

For more information about this report visit https://www.researchandmarkets.com/r/48dfp6

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