The final nail: Coffin sales will fall as cremation continues to gain popularity

IBISWorld’s industry research report on Coffin & Casket Manufacturing contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.


Industry Threats & Opportunities

  • The industry is largely controlled by two companies, which have longstanding relationships with downstream funeral homes
  • The popularity of cremation has prevented the industry from leveraging the aging population for growth
  • Rising burial costs are also anticipated to discourage consumers from purchasing industry products

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    Industry Analysis & Industry Trends

    Although the number of annual deaths has increased as a result of an increasing population, demand for industry services has continued to decline over the five years to 2016. Conditions are not expected to improve over the next five years, and consumer preferences will likely continue to trend in favor of cremations rather than traditional burial services...

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    Industry Report - Industry Locations Chapter

    A majority of the Coffin and Casket Manufacturing industry is concentrated in two regions of the United States: the Great Lakes and the Southeast. The heavy concentration in these two particular regions is largely due to the dominance of the industry's two major players, which both have facilities in these regions. Given these companies' size and national distribution networks, the distribution of the industry does not necessarily have to reflect the distribution of the population, although downstream demand is closely tied to population.

    Nevertheless, the Southeast's high concentration of industry establishments, with 29.2% of the total, reflects its similar share of the national population. Not..

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    Additional Insights for the Coffin & Casket Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Coffin & Casket Manufacturing Industry are

  • Ability to control total supply on market
  • Having a diverse range of clients
  • Concentration on core business
  • IBISWorld analysts also discuss how external factors such as Number of deaths and Number of cremations in the Coffin & Casket Manufacturing industry impact industry performance..

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    Industry Products

    What is the Coffin & Casket Manufacturing Industry?

    This industry primarily manufactures burial caskets, cases and vaults intended to contain dead bodies during and after burial or until cremation. Consumers often purchase these items from funeral homes, but in some cases, they may also purchase them directly from the manufacturers.

    Industry Products
    Metal burial caskets and coffins
    Wood burial caskets and coffins
    Other burial caskets and coffins
    Industry Activities
    Manufacturing metal burial caskets and coffins
    Manufacturing wood burial caskets and coffins
    Manufacturing cloth burial caskets and coffins

    Table of Contents

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

  • Current Performance
  • Limited competition
  • Ashes to ashes
  • Declining profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising cremations
  • Ongoing consolidation
  • Potential threats
  • Table: Coffin & Casket Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Coffin & Casket Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Funeral Homes

  • Key Selling Industries
  • Furniture Wholesaling
  • Lumber Wholesaling
  • Metal Wholesaling

  • Products & Services
  • Metal burial caskets and coffins
  • Wood burial caskets and coffins
  • Other burial caskets and coffins
  • Chart: Coffin & Casket Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 80 and older
  • Individuals aged 65 to 79
  • Individuals aged 45 to 64
  • Individuals aged 25 to 44
  • Individuals aged under 25
  • Chart: Major Market Segmentation for the Coffin & Casket Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Coffin & Casket Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Coffin & Casket Manufacturing Industry

  • Industry Globalization
    Major Companies
    Hillenbrand Industries Inc.Matthews International Corp.
  • Table: Hillenbrand Industries Inc. - financial performance
  • Table: Matthews International Corp. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Coffin & Casket Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Coffin & Casket Manufacturing Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of cremations (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Burial Vault
  • Container, made of a base and a dome, meant to contain caskets and coffins that decompose quickly such as wood.
  • Cremation
  • The use of high temperature burning or vaporization to reduce dead bodies to basic chemical compounds, such as gases and ashes.
  • Mahogany
  • A hardwood that is prized for its beauty, duration and color.
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    This report on Coffin & Casket Manufacturing:
    • 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 Coffin & Casket Manufacturing 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

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