Industry Analysis & Industry Trends
Falling per capita income during the recession and a rising number of inexpensive cremations have hampered industry revenue. Money-strapped families turned to discount retailers and manufacturers to purchase caskets, further depressing revenue for funeral home operators. Nevertheless, the industry's revenue is projected to improve slightly during the next five years. As the population ages, the number of deaths in the United States is anticipated to increase. However, continued competition from discount retailers and the ease of online ordering from casket manufacturers are expected to curtail prices for funeral merchandise through 2020... purchase to read more
Industry Report - Industry Locations Chapter
The regions with the greatest concentration of funeral homes include the Southeast, the Great Lakes and the Mid-Atlantic. The distribution of industry establishments closely follows the share of the region's population and age structure. Additionally, consumer preferences for cremation as opposed to burials are an important factor that can influence a regions share of establishments.
The Southeast has the greatest share of industry establishments, estimated at 26.8% of the total. Florida, with its warm weather and low-priced housing, has long been an attractive destination for retirement-age adults. As such, 18.2% of the population is over 65, compared with the national average of 13.7%, according to the US Census Bureau... purchase to read more