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 2019... purchase to read more
Industry Report - Industry Key Buyers Chapter
Market share concentration in the industry is low, with the top four companies accounting for less than 14.0% of revenue in 2014. The majority of funeral home operators are small, locally owned, independent operations serving customers that live within 10 to 15 miles of the property's location.
During the period, the industry's largest operator, Service Corporation International (SCI), acquired the second-largest operator, Stewart Enterprises, further increasing SCI's share of the market. However, market share is also rising for Carriage Services and StoneMor Partners due to these operators' aggressive acquisition activity... purchase to read more