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Funeral Activities in the UK: Market Research Report

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

Funeral Activities Market Research Report | SIC S96.030 | Mar 2017

Planning ahead: Consumers opt for prepaid funeral plans as prices continue to increase

IBISWorld’s Funeral Activities market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Dignity plc Dignity plc market share
The Co-operative Funeralcare The Co-operative Funeralcare market share
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
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Industry Threats & Opportunities
  • The growth of the UK population and limited burial space is expected to widen profit margins
  • Industry operators are increasingly realising the benefits of green and alternative funeral options
  • More people aged 65 and older are expected to purchase prepaid funerals to reduce the burden on their families
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Industry Analysis & Industry Trends

Operators in the Funeral Activities industry offer cemetery, crematorium, embalming and mortician services. The industry includes the maintenance of mausoleums and the renting and maintenance of graves. Due to the essential nature of industry services, demand is considered to be price inelastic. A change in the price of industry services leads to a less than proportionate drop in industry demand. The industry is mainly affected by the number of deaths in the United Kingdom. In 2015-16, a significant increase in real household disposable income led to increased demand for pre-planned funeral services, which supported strong revenue growth. In the current year, the number of deaths in the United Kingdom is expected to increase, which can be attributed to an ageing population... purchase to read more

Industry Report - Starting a New Business Chapter

The barriers to entry for this industry are high. Over the past five years, major players have been acquiring small businesses, making it harder for new operators to enter the industry. New operators have to compete with large established companies, which benefit from economies of scale. However, small independent operators are still able to earn impressive profit margins through building a good reputation with their clients. Moreover, following Britain's decision to leave the European Union, barriers to entry to the industry could increase. The potential erection of trade barriers could lead to an increase in operating costs for operators as imported inputs increase. This rise in operating costs could deter potential entrants from entering the industry.

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Additional Insights for the Funeral Activities Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Funeral Activities Industry are

  • Product is sold at high profile outlets
  • Access to the necessary amount of land/type of property
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Number of deaths and Median age of the population in the Funeral Activities industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Funeral Activities Industry?

    This industry consists of businesses that manage the burial or cremation of humans, including the sale and maintenance of graves and mausoleums and the renting of equipped space in funeral parlours. This industry excludes religious funeral service activities and cemetery gardening activities.

    Industry Products
    BurialsCremationsPrepaid funeral servicesNatural alternatives
    Industry Activities
    CremationsProviding burial servicesFuneral directingPrepaid funeral planningNatural burials

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of deaths
  • Median age of the population
  • Real household disposable income
  • Consumer credit
  • Current Performance
  • Population growth
  • Opting for cremations
  • Death rates
  • Chart: Revenue Growth
  • Industry Outlook
  • Ageing population
  • Innovative solutions
  • Industry structure
  • Table: Funeral Activities Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Funeral Activities Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Catering Services
  • Florists
  • Stone Cutting, Shaping & Finishing
  • Wooden Container Manufacturing
  • Products & Services
  • Burials
  • Cremations
  • Prepaid funeral services
  • Natural alternatives
  • Chart: Funeral Activities Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • People aged 80 and over
  • People aged between 60 and 79
  • People aged between 50 and 59
  • People aged between 20 and 49
  • People aged 19 and under
  • Chart: Major Market Segmentation for the Funeral Activities Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Funeral Activities
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Funeral Activities Industry
  • Industry Globalization
    Major Companies
    The Co-operative Funeralcare
    Dignity plc
  • Table: The Co-operative Funeralcare - financial performance
  • Table: Dignity plc - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Funeral Activities Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Funeral Activities Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • A facility attached to a funeral home or chapel that is used to cremate a deceased person.
  • Disbursement Fees
  • Costs such as burial fees, cremation fees, ministers' fees and doctors' fees that are passed on to clients.
  • Mercury Abatement
  • Government regulation intended to reduce atmospheric pollution caused by cremating.
  • Prepaid Funeral
  • Arrangement and payment for funeral services prior to death.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Funeral Activities:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Funeral Activities market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Funeral Activities, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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