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, as well as a rise in inexpensive cremations, are expected to curtail prices for funeral merchandise through 2020... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Funeral Homes industry is in the mature phase of its life cycle. Indicators of this life cycle stage include well-established products and services, saturated demand for industry services and increased merger and acquisition activity. Industry value added, which measures the industry's contribution to the overall economy, is projected grow at an average annual rate of 1.9% from 2010 to 2020. Comparatively, GDP is forecast to expand at an average annual rate of 2.2% over the same 10-year period. As such, the industry's contribution to GDP is growing roughly in line with the economy.
Merger and acquisition activity, a key indicator of an industry's mature life cycle stage, has become more prevalent over the past five years... purchase to read more