Industry Analysis & Industry Trends
In the five years to 2014, the trend toward low-cost cremation services instead of burial services has adversely affected industry revenue and profit, increasing merger and acquisition activity. Over the next five years, as disposable income levels strengthen, consumers will be more likely to spend on more expensive grave sites and services, but cremations will remain popular. Futhermore, the aging baby-boomer population and increasing death rate will boost demand for industry services... purchase to read more
Industry Report - Industry Locations Chapter
The regions with the greatest concentration of cemeteries and crematories in the United States are the Mid-Atlantic, the Southeast and the Great Lakes. The distribution of cemeteries and crematories is related to population trends and age structure. Additionally, consumer preferences for cremation, opposed to burials, are another important factor that can influence the share of establishments.
The Mid-Atlantic has the greatest share of cemeteries in the United States in 2014, estimated at 24.0% of the total. Furthermore, the region generates 21.8% of the industry's revenue. Pennsylvania is the most heavily concentrated state in the country in terms of industry establishments, holding an estimated 10.1% of cemeteries and crematories in 2014... purchase to read more