GITNUX MARKETDATA REPORT 2024

Must-Know Funeral Industry Statistics [Latest Report]

Statistic 1

"The median yearly revenue for funeral homes is around $725,000."

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Statistic 2

"The global death care services market size is projected to reach $103.9 billion by 2027."

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Statistic 3

"The funeral industry in the U.S. generates approximately $20 billion in annual revenue."

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Statistic 4

"The average salary for a mortician in the U.S. is approximately $58,000 per year."

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Statistic 5

"There are over 19,000 funeral homes in the United States."

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Statistic 6

"The casket and urn segment holds a market share of approximately 40% in the funeral industry."

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Statistic 7

"Over 86% of funeral homes in the U.S. are privately owned."

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Statistic 8

"The number of cremations in the U.S. is expected to reach 78.3% by 2040."

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Statistic 9

"Direct cremation accounts for around 35% of all cremations."

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Statistic 10

"Over 50% of Americans now opt for cremation over traditional burials."

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Statistic 11

"Nearly 70% of funeral directors report that more clients are seeking eco-friendly funerals."

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Statistic 12

"The average cost of cremation ranges between $2,000 and $7,000."

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Statistic 13

"Online obituaries are becoming popular, with around 10% of families opting for digital memorials."

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Statistic 14

"Pet funerals are becoming a notable sub-segment, growing at 3% annually."

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Statistic 15

"The grief therapy market is expected to grow at a CAGR of 5.6% by 2025."

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Statistic 16

"Green burials typically cost between $1,000 and $4,000."

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Statistic 17

"The average cost of a funeral in the United States is between $7,000 and $12,000."

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Statistic 18

"Funeral insurance market size is valued at around $1.6 billion annually in the U.S."

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Statistic 19

"The employment rate in the funeral industry is expected to grow by 4% from 2019 to 2029."

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Statistic 20

"Pre-planned funerals make up about 25% of all funerals."

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