Overview

Fired up: The benefits of cremation over traditional burials have lifted industry demand

IBISWorld’s Cremation Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Cremation surpassed burial in 2015 for the first time as the most popular funeral arrangement among Americans
  • Cremation demand has been driven in part by price considerations
  • The rise in cremation will likely further erode cultural traditions surrounding burial

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    Industry Analysis & Industry Trends

    Cremation surpassed burial in 2015 for the first time as the most popular funeral arrangement among Americans. The declining significance of religious tradition as well as the increased transience of the US population, which diminishes the importance of permanent burial plots, have fueled a trend of rising cremations over the past decade. diminishes the importance of permanent burial plots, have fueled a trend of rising cremations over the past decade. In addition, changing attitudes toward pets have made funeral and cremation services for cats and dogs a growing market. Over the five years to 2016, industry revenue is expected to increase.Cremation demand has also been driven by its low cost compared with burial...

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    Industry Report - Industry Investment Chapter

    Capital intensity in this industry is low. Human crematories require a cremation chamber or system be installed in a fixed location. Other investments, such as buildings, a cooler for housing remains prior to cremation, remains processing equipment and materials handling equipment such as loading tables are necessary for operations. Industry operators usually purchase, rather than lease, cremation equipment due to custom installation requirements. Automated cremation chambers have reduced labor requirements for monitoring machines. However, labor is still necessary for tasks such as moving bodies and cleaning and maintenance. For every dollar spent on labor, the average industry provider invests an estimated $0.11 in capital equipment.

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    Additional Insights for the Cremation Services Industry

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

  • Having a good reputation
  • Effective cost controls
  • Must comply with government regulations
  • IBISWorld analysts also discuss how external factors such as Number of cremations and Number of deaths in the Cremation Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Cremation Services Industry?

    This industry provides cremation services for both humans and pets at both funeral homes and standalone crematoria. Industry operators also retail related funeral products, such as caskets and urns.

    Industry Products
    Human cremations at funeral homes
    Resale of merchandise
    Pet cremations
    Human cremations at standalone facilities
    Industry Activities
    Cremation of human remains
    cremation urns and other similar items
    Management of peripheral funeral services

    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 cremations
  • Number of deaths
  • Number of adults aged 65 and older
  • Per capita disposable income
  • Number of pets (cats and dogs)

  • Current Performance
  • Demographics drive demand
  • Lower-cost funeral option
  • Emerging market
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady demand
  • Industry structure
  • Table: Cremation Services Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Cemetery Services
  • Environmental Consulting
  • Florists
  • Gypsum Product Manufacturing

  • Products & Services
  • Human cremations at funeral homes
  • Resale of merchandise
  • Pet cremations
  • Human cremations at standalone facilities
  • Chart: Cremation Services 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 under the age of 25
  • Chart: Major Market Segmentation for the Cremation Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Cremation Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cremation Services Industry

  • Industry Globalization
    Major Companies
    Service Corporation
  • Table: Service Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Cremation Services 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 Cremation Services Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Total number of deaths (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Columbarium
  • A mausoleum or similar structure used to store cremation urns
  • Cremation Urns
  • Container, made of various materials, used to store the ashes after the cremation
  • Traditional Funeral Service
  • Includes both a religious service and a service at the cemetery or crematorium.
  • Why buy this report?

    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 Cremation 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 Cremation 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 Cremation Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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