The analyst predicts that the funeral and interment market will have an increasing trend from 2021 to 2025, as the population ageing continues to rise. The results of the seventh census showed that the Chinese total population stood at 1,41.78 million in 2020. The number of people aged 60 and above was 264.02 million, accounting for 18.70% of the total population. From 2016 to 2020, the elderly population has shown an increasing trend, with a CAGR of 3.39%. Based on this, it can be predicted that the elderly population will continue to increase from 2021 to 2025. Since the elderly have a greater impact on the number of deaths than other age groups, the size of the funeral and interment market will expand with the increase of the elderly population. In addition, China’s funeral service industry policy encourages the participation of private enterprises and other social forces. By 2020, the number of registered funeral service companies in China has reached 14,191. In the future, more companies will join the funeral service industry. Therefore, the sales and sales volume of funeral services will increase from 2021 to 2025.
Topics Covered:
- The impact of COVID-19 on China's Funeral market
- Sales value of China's Funeral Service 2016-2020
- Competitive landscape of China's Funeral market
- Prices of Funeral in China
- Analysis on factors affecting the development of China's Funeral market
- Prospect of China's Funeral market from 2021 to 2025
Table of Contents
1. Definition and Classification of Funeral Services
1.1 Definition
1.2 Classification
1.2.1 Funeral Services
1.2.2 Disposal of Remains
1.2.3 Cemetery Service
1.2.4 Other Funeral Products Sales and Services
2. Development Environment of Funeral Services
2.1 Economic Environment
2.2 Social Environment
2.3 Policy Environment
3. Funeral Service Industry Market Size in China, 2016-2020
3.1 The Scale of the Funeral and Interment Market
3.2 Number of Funeral and Interment Institutions
4. Overview of Major Enterprises in China's Funeral Service Industry
4.1 Fu Shou Garden
4.2 Anxian Garden Central Park
4.3 China Life Group
4.4 Beihai Group
4.5 Fujian Yongan Forestry (Group) Co., Ltd.
4.6 Hebei Fucheng Wufeng Food Co., Ltd.
4.7 Shanghai Bright Group
4.8 Jianfeng Group
5. Prospect of Chinese Funeral Market, 2021-2025
5.1 Influential Factors of Chinese Funeral Market Development
5.1.1 Market Drivers and Opportunities
5.1.2 Market Threats and challenges
5.2 Forecast on Market Size
List of Charts
Chart Number of Deaths, 2015-2020
Chart Elderly Population and Proportion in China, 2016-2020
Chart Funeral and Interment Service Industry Related Policies in China, 2016-2020
Chart Funeral and Interment Market Scale, 2015-2020
Chart Number of Funeral Service Institutions in China, 2015-2019
Chart Number of Funeral and Interment Service Management Institutions in China, 2015-2019
Chart Number of Funeral Homes for Funeral Services, 2015-2019
Chart Number of Funeral Service Cemeteries, 2015-2019
Chart Number of Other Funeral Service Institutions, 2015-2019
Chart Number of Registered Funeral Services Companies in China, 2016-2020
Samples
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Companies Mentioned
- Anxian Garden Central Park
- Beihai Group
- China Life Group
- Fu Shou Garden
- Fujian Yongan Forestry (Group) Co., Ltd.
- Hebei Fucheng Wufeng Food Co., Ltd.
- Jianfeng Group
- Shanghai Bright Group
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 50 |
| Published | May 2021 |
| Forecast Period | 2015 - 2025 |
| Estimated Market Value ( CNY | CNY 203.76 Billion |
| Forecasted Market Value ( CNY | CNY 942.1 Billion |
| Compound Annual Growth Rate | 16.6% |
| Regions Covered | China |
| No. of Companies Mentioned | 8 |
