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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 | Feb 2017

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

IBISWorld’s Funeral Homes market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
1.0%
Annual Growth 17-22
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Profit
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Employment
11,782
Businesses
1,303
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 2022, 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 - Starting a New Business Chapter

The Funeral Homes industry has moderate barriers to entry. Starting a funeral service business requires significant investment in property, equipment and materials, which can deter potential entrants who lack the necessary capital. In addition, funeral regulations are complex and vary by province. Funeral directors and embalmers must be licenced to work in the industry, limiting the number of individuals who can operate funeral homes and provide funeral services. Furthermore, facilities must meet strict health and environmental standards. Recruiting specialized staff and meeting licencing and other regulatory requirements pose significant barriers

to entry.

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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
Body preparation servicesFuneral planning servicesCremation servicesTransportationResale of merchandise
 
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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