The good life: Revenue rises as the number of deaths and disposable income increase

Operators in the Funeral Activities industry provide a range of funeral-related services, including cemetery, crematorium, embalming and undertaker services. The essential nature of services provided by the industry means that demand is relatively price inelastic, and revenue growth is primarily tied to the death rate in Ireland. Ireland's ageing and expanding population has therefore provided a solid platform for industry growth over the past five years. This has also been supported by a rise in disposable income levels, which have given families more money to spend on funeral services. Over the five years through 2019, industry revenue is expected to grow at a compound annual rate of 4.8%, including forecast growth of 5.1% in the current year, to reach €222 million...read more.

Industry Statistics & Market Size
Revenue
€222m
Annual Growth 14-19
4.8%
Forecast Growth 19-24
Profit
Employment
999
Businesses
383
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Rising income levels and a growing population have supported industry revenue growth
  • Changes to funding for low-income families have limited industry revenue growth
  • Prepaid funeral plans are expected to become more popular over the next five years
  • Industry Report - Industry Products Chapter

    BurialsA burial is the act of placing a corpse into the ground. Burials have long been the most popular service provided by the Funeral Activities industry and are expected to account for 68.1% of industry revenue in 2019. Burial grounds in Ireland are maintained by local authorities, which also manage the sale of burial plots. Prices for burials can vary significantly between regions in Ireland, depending on the cost of land. Burials are therefore often more expensive in populous areas such as Dublin. The share of revenue accounted for by this segment is expected to have fallen over the past five years as cremations, prepaid services and natural alternatives have become more popular. How...purchase to read more.

    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

  • Access to the necessary amount of land/type of property
  • Having a good reputation
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Number of deaths and Net Disposable Income Per Capita in the Funeral Activities industry impact industry performance..

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    What's in this report

    What is the Funeral Activities in Ireland Industry?

    This industry consists of businesses that manage the burial or cremation of humans and animals, including the sale and maintenance of graves and mausoleums and the renting of equipped space in funeral parlours.

    Industry Products
  • Burials
  • Cremations
  • Prepaid funeral services
  • Natural alternatives
  • Industry Activities
  • Funeral directing
  • Burial services
  • Cremation services
  • Embalming services
  • Prepaid funeral planning
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of deaths
  • Net Disposable Income Per Capita
  • Population aged 65 years and over
  • Real gross employment affairs and social protection expenditure

  • Current Performance
    Feeling the heatFinancial assistance
  • Chart: Revenue Growth

  • Industry Outlook
    Life expectancyCremation services
  • Table: Funeral Activities Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Funeral Activities Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in Ireland

  • Key Selling Industries
  • Catering Services in Ireland
  • Stone Cutting, Shaping & Finishing in Ireland
  • Wooden Container Manufacturing in Ireland

  • Products & Services
  • Burials
  • Cremations
  • Prepaid funeral services
  • Natural alternatives
  • Chart: Funeral Activities Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged between 65 and 84
  • People aged 85 and over
  • People aged between 45 and 64
  • People aged between 25 and 44
  • People aged 24 and under
  • Chart: Major Market Segmentation for the Funeral Activities Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other Costs
  • 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
    Fanagans Funeral Directors Ltd,
  • Table: Fanagans Funeral Directors Ltd - financial performance

  • 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
    Table: Industry Data for the Funeral Activities Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alkaline Hydrolysis
  • A process for the disposal of human and animal remains using a mixture of water and alkalis to dissolve the body.
  • Crematorium
  • A facility attached to a funeral home or chapel that is used to cremate a deceased person.
  • Exceptional Needs Payment (Enp)
  • A single payment to help low-income families meet essential one-off expenditure.
  • Prepaid Funeral
  • Arrangement and payment for funeral services prior to death.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Funeral Activities in Ireland 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.

    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 in Ireland:
    • 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 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 in Ireland 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 in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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