Staying alive: An aging US population will provide the industry with slow but consistent growth

With increasing disposable income and a growing proportion of US citizens reaching 65 years and older, families have become far more likely to purchase high-value merchandise and burial services from the Cemetery Services industry. With improving economic conditions, families became less price-conscious and increased purchases of some high-margin funeral merchandise and services. In particular, cemetery service operators started expanding their array of merchandise items for families choosing cremation, which boosted revenue for cemetery and cremation operators. Over the five years to 2022, industry revenue is expected to continue growing slowly...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
2.2%
Forecast Growth 17-22
Profit
Employment
36,784
Businesses
8,374
Market Share of Companies

Industry Threats & Opportunities

  • The increasing share of the population that enters the upper age demographic will increase sales
  • The increasing tendency toward cremation led to revenue declines
  • The changing age structure of the US population should provide steady revenue growth
  • Industry Report - Industry Investment Chapter

    The Cemetery Services industry has a low level of capital intensity. In 2017, for every $1.00 spent on wages, industry operators will invest $0.10 in capital expenditures. Capital intensity remained stable for industry operators over the five years to 2017, remaining the same at an estimated $0.10 per every $1.00 spent on wages in 2012.Cemetery operators have high fixed costs. The typical operator invests significantly in the maintenance of cemetery grounds and structures, such as columbaria and crematoriums, which may often exceed prices of $100,000 to construct from the ground up. Relatives of the deceased are normally responsible for maintaining headstones. Furthermore, cemetery owners typically invest in central buildings and vehicles. Ind...purchase to read more.

    Additional Insights for the Cemetery Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cemetery Services Industry are

  • Must comply with government regulations
  • Proximity to key markets
  • Carrying out all necessary maintenance to keep facilities in good condition
  • IBISWorld analysts also discuss how external factors such as Number of deaths and Per capita disposable income in the Cemetery Services industry impact industry performance..

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    What's in this report

    What is the Cemetery Services Industry?

    This industry includes establishments that operate sites or structures reserved for the interment of human or animal remains. The industry also includes companies that offer cremation services. This industry does not include funeral homes, nor does it include funeral homes that operate cemeteries. These companies are included in the Funeral Homes industry (IBISWorld report 81221).

    Industry Products
  • Interment services
  • Sale of graves, plots and other spaces
  • Cemetery maintenance services
  • Sales of funeral goods
  • Cremation services
  • Preburial services
  • Industry Activities
  • Cemetery maintenance and upkeep
  • Mausoleum operation
  • Crematory operation
  • Columbarium operation
  • Memorial garden supervision
  • Animal and pet cemetery management
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of deaths
  • Per capita disposable income
  • Number of adults aged 65 and older
  • Number of cremations

  • Current Performance
  • Aging population increases demand
  • The rising popularity of cremations
  • Industry consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Trend toward cremation
  • A changing landscape
  • Table: Cemetery Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cemetery Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Ceramics Manufacturing
  • Florists
  • Funeral Homes
  • Masonry

  • Products & Services
  • Sale of graves, plots and other spaces
  • Interment services
  • Sales of funeral goods
  • Cemetery maintenance services
  • Cremation services
  • Preburial services
  • Other
  • Chart: Cemetery Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 75 years and over
  • People aged 55 to 74 years
  • People aged 35 to 54 years
  • People aged 15 to 34 years
  • People aged under 14 years
  • Chart: Major Market Segmentation for the Cemetery Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Cemetery Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cemetery Services Industry

  • Industry Globalization
    Service Corporation International, StoneMor Partners LP,
  • Table: Service Corporation International - financial performance
  • Table: StoneMor Partners LP - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cemetery Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cemetery Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of deaths (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    At-Need
  • Demand for funeral and cemetery services after the death of a relative or friend.
  • Columbarium
  • A room or building with niches for funeral urns to be stored.
  • Direct Cremation
  • A cremation service that returns the remains to the family members, who typically organize their own private ceremony by scattering the ashes or placing them in a special urn.
  • Preneed
  • A prepaid funeral and cemetery plan that outlines all required products and services, with payment made in advance of death.
  • Trust Fund
  • Prepaid funeral and cemetery fund proceeds are required to be held in a trust fund.
  • What Our Customers Say

    Why buy this report?

    The Cemetery Services industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Cemetery Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cemetery Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cemetery Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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