Death Industry Market Overview
The death industry generates $20 billion annually in the United States. The average funeral costs over $7,000 while cremations average $6,000. The industry includes funeral homes, crematoriums, cemeteries and memorial providers. Large publicly traded companies control significant market share while smaller independent operations comprise the rest. Profit margins range from 23% to 27% with limited customization options. As the aging Baby Boomer generation drives increased demand, the death care industry is projected to reach $68 billion in revenue by 2023.
Market Size and Projections
What is the size of the death industry market?
The death industry generates $20 billion yearly in America. Funerals average over $7,000; cremations, $6,000. The business includes funeral homes, crematoriums, cemeteries and memorials. Large public firms control major market share; smaller independents comprise the rest. Margins range from 23% to 27% with minimal customization. As aging Baby Boomers drive demand, revenue should reach $68 billion by 2023.