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Funeral Homes in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Funeral Homes in Canada Market Research Report | NAICS 81221CA | Mar 2016

Ashes to ashes: Consumers will demand more inexpensive and environmentally friendly funeral options

The Funeral Homes market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
1.0%
Annual Growth 16-21
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Profit
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Employment
15,758
Businesses
1,224
Industry Analysis & Industry Trends

Demand for Funeral Homes industry services does not strongly fluctuate with the business cycle and is more a product of demographic factors and consumer preferences. Canada's growing and aging population has resulted in the number of deaths trending upward over the past five years, boosting demand for funeral services. However, traditional burials are costly and a growing number of Canadians are opting for cremations to alleviate the financial pressure of honouring their loved ones. During the five years to 2021, demographic and societal factors will continue to drive industry growth. As more baby boomers (individuals born between 1946 and 1964) become seniors, the number of adults aged 65 and older is anticipated to increase... purchase to read more

Industry Report - Industry Locations Chapter

The number of deaths in Canada, which dictates demand for funeral services, primarily depends on demographic factors. The incidence of death is higher in areas where the population is larger and older. Consequently, funeral homes tend to be located in more populated areas, where demand for their services is higher. As a result, the majority of funeral homes are located in Ontario, Quebec, Alberta and British Columbia, which are the most densely populated provinces in Canada.

Ontario is home to 38.5% of Canada's total population, while Quebec accounts for another 23.2% of Canadians. Both provinces are leaders in the health and life sciences sector, raising the average life expectancy among inhabitants of these provinces... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Funeral Homes Industry?

This industry conducts funerals and prepares the deceased for burial or interment. Funeral homes organize wakes, transport the deceased and sell caskets and related merchandise. This industry includes funeral homes combined with crematories; however, establishments that primarily conduct cremation are excluded from this industry and are included in the Cemetery Services industry (IBISWorld report 81222CA).

Industry Products
Preburial servicesFuneral-related merchandise salesPackaged funeral servicesCremation servicesInterment services
 
Industry Activities
Providing funeral director servicesProviding embalming servicesOperating funeral homes combined with crematoriesProviding mortician servicesProviding visitation or viewing servicesProviding funeral servicesProviding graveside committal servicesSelling funeral merchandise, such as caskets, flowers and obituary noticesTransporting the deceased


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