Europe Funeral Homes And Services Market To Reach $23.72 Billion By 2030

Europe Funeral Homes And Services Market Growth & Trends

The Europe funeral homes and services market is anticipated to reach USD 23.72 billion by 2030 and expand at a CAGR of 5.52% during the forecast period, according to a new report by Grand View Research, Inc. The growth is attributed to the increasing digital transformation with evolving consumer expectations. This shift impacts how funeral services are offered and managed. Moreover, the rising demand for funeral planning significantly drives the market.

The rising demand for funeral planning is significantly driving the growth of the market as populations in European countries continue to age, the death rate is gradually increasing, resulting in a growing need for end-of-life services. Furthermore, the cultural shift towards pre-arranged funerals, where individuals or families plan their services, is gaining popularity due to its emotional and financial benefits. These plans allow families to manage costs, avoid last-minute decisions, and ensure the deceased's wishes are honored, creating a greater reliance on professional funeral homes. According to a survey published by Engelwood Communications Ltd., in Spain, Portugal, and Cyprus, significant UK expatriate communities need funeral planning services and demonstrate considerable activity on Facebook and Instagram.

Furthermore, Europe's aging population is expected to increase the demand in funeral homes and services, presenting substantial long-term growth opportunities. According to Eurostat, in the region, the demographic trend indicates a substantial rise in the elderly population (65 years and older), which is expected to grow from 90.5 million in early 2019 to 129.8 million by 2050. This period is expected to witness a significant expansion in the age groups of 75-84 years and 65-74 years, with projected increases of 56.1% and 16.6%, respectively. As the demographic shift accelerates, funeral homes are anticipated to experience a steady and predictable rise in clientele over the forecast period.

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Europe Funeral Homes And Services Market Report Highlights

• Based on services, the funeral homes segment dominated the market in 2024. The growth is attributed to the increasing adoption of cremation and eco-friendly practices among funeral homes.  

• Based on ownership, the family-owned funeral homes segment dominated the market in 2024. The growth of this segment is driven by the increasing demand for personalized services and the desire for continuity in service quality.

• Based on payment model, the at-need funeral services segment dominated the market in 2024. The segment growth is attributed to the increasing mortality rates and cultural changes regarding death and funerals leading to more personalized and diverse service offerings.

• Germany held the largest market share in 2024. The market growth is attributed to the increasing demand for personalized and eco-friendly memorials. Moreover, increasing technology integration is anticipated to fuel market growth over the forecast period.

Europe Funeral Homes And Services Market Segmentation

Grand View Research has segmented the Europe funeral homes and services market on the basis of services, ownership, end use, and country:

Funeral Homes And Services Outlook (Revenue, USD Million, 2018 - 2030)

• Funeral Homes

  • Traditional Funeral Services

  • Cremation Services

  • Green/Environmental Funerals

  • Pre-planned/Pre-paid Funeral Services

• Funeral Services

  • Funeral Planning Services

  • Direct Cremation

  • Memorial Services

  • Other Services

Funeral Homes And Services Ownership Outlook (Revenue, USD Million, 2018 - 2030)

• Corporate-Owned Funeral Homes

• Family-Owned Funeral Homes

Funeral Homes And Services Payment Model Outlook (Revenue, USD Million, 2018 - 2030)

• Pre-paid Funeral Plans

• At-need Funeral Services

Funeral Homes And Services Country Outlook (Revenue, USD Million, 2018 - 2030)

• UK

• Germany

• France

• Italy

• Spain

• Norway

• Denmark

• Sweden

• Switzerland

• Netherland

• Czech Republic

• Hungary

• Belgium

List of Key Players in the Europe Funeral Homes And Services Market

• Service Corporation International (Dignity Memorial)

• Funecap Group

• OGF Groupe

• Dignity

• Mémora Group

• Mapfre's Funespaña (Enalta)

• Albia Servicios Funerarios

• Co-op Funeralcare

• Westerleigh Group

• Funeral Partners Ltd. (Includes LM Funerals after acquisition)

• Pütz-Roth

• Àltima

• Fonus

• Grupo ASV Funeral Services

• Ahorn Group

• Berlin Memorial Funeral Home

• mymoria GmbH

• Pure Cremation

• Memento Funeral Chapel

• Friedhöfe Wien GmbH

• Sereni NV