As a support service for funeral businesses throughout the UK, we always pay close attention to funeral business statistics to stay on top of current trends and what the future may hold for the industry.
Valued at around £2 billion annually, the funeral industry continues to rise and shows no sign of slowing down, giving huge incentive to those considering stepping foot into the funeral business. Funeral planning remains one of the core services in the sector, which involves a funeral director arranging various aspects of a funeral from start to finish.
Despite reservations about the line of work, a funeral director currently makes a good living off their services, with an average fee between £2,000 and £3,000 for each funeral. This rises for a burial funeral with an average cost of £4,257 while a cremation funeral costs an average of £3,311.
There are currently around 4,000 registered funeral directors as of 2018, and these businesses continue to make a solid income due to the high demand of their services - people are always going to need funerals after all.
For instance, in the UK there are an average of 600,000 funerals annually, highlighting just how much business is available for funeral directors and others working within the industry.
It’s also estimated that around 94% of UK adults currently have no pre-paid plans for their funeral arrangements, meaning the demand for funeral director services won’t be going away any time soon.
There has never been a better time to get involved with the lucrative funeral industry.