US Demand For Deathcare Services to Reach $20.6 Billion in 2021

1/16/2018

Cleveland, OH, January 16, 2018 — US demand for deathcare services is forecast to reach $20.6 billion in 2021, according to Deathcare: United States, a report recently released by Freedonia Focus Reports. Advances will be driven by expansion in the number of deaths in the US as the large population of baby boomers age into typical end-of-life cohorts. In addition, rising disposable personal income levels will support spending on higher-priced and more diverse service offerings. However, an ongoing shift away from burial and toward lower-cost cremation will restrain faster gains.

Notably, funeral service providers are not expected to witness a significant uptick in competition from independent ceremonies, despite the market’s continued shift toward cremation.

These and other key insights are featured in Deathcare: United States. This report forecasts to 2021 US deathcare service revenues in nominal US dollars. US burial casket shipments in nominal US dollars at the manufacturer level, as well as total resident population and deaths, are also forecast to 2021. Total deathcare service revenue is segmented by service in terms of:

  • funeral homes and services
  • cemeteries and crematories

Total burial casket shipments are segmented by product as follows:

  • adult metal caskets and coffins
  • adult wood caskets and coffins
  • boxes, vaults, and other caskets and coffins such as children’s

Total resident population and deaths are segmented by major age group in terms of:

  • under 35 years
  • 35-44 years
  • 45-54 years
  • 55-64 years
  • 65-74 years
  • 75-84 years
  • 85 years and older

To illustrate historical trends, total revenues, shipments, population, deaths, and the various segments are provided in annual series from 2006 to 2016.

More information about the report is available at https://www.freedoniafocusreports.com/Deathcare-United-States-FF95065/.