Households drive market demand, with household spending representing 95.5% of total demand in 2020. Harbin Funeral & Interment Service Center Donghuayuan is the largest company in China, generating 0.2% of the industry’s total turnover in 2020. The industry is fragmented, with the top three companies generating 0.5% of total turnover in 2020. The total number of companies increases in 2020, to 31,818 units. The costs of the industry increase by 3% in 2020, largely driven by rising B2B costs. The industry’s profitability increases and stands at 20.3% of turnover in 2020, the 19th highest in the region. With turnover of USD36.5 billion, China accounts for 50.6% of the Asia Pacific total in 2020.
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This Euromonitor industrial report provides unique information on Funeral and Related Services in China: ISIC 9303. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Funeral and Related Services in China: ISIC 9303 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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