Ashes to ashes: Revenue will continue to grow as cremation continues gaining popularity among younger generations

Over the five years to 2017, the declining significance of religious traditions and the increased transience of the US population, which diminishes the importance of permanent burial plots, have fueled a trend of rising cremations. In addition, changing attitudes toward pets have made funeral and cremation services for cats and dogs a growing market. As a result, more funeral homes have entered the industry by expanding their service offerings to cater to growing demand. Over the five years to 2022, cremation is anticipated to continue gaining popularity. Cremation is anticipated to continue gaining traction among younger generations who have already seen older relatives opt for it, further eroding cultural traditions surrounding burial...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Cremation demand has been driven by its low cost compared with traditional burial services
  • As cremation grows more popular, more businesses have begun offering industry-relevant services
  • Increases in the senior population are projected to continue outpacing growth in the total population
  • Industry Report - Industry Locations Chapter

    Establishments in the Cremation Services industry, and those in the funeral services sector more generally, are distributed largely in line with the US population. Demand for death care follows trends in the population, so there is generally a greater requirement for industry services in more populated areas. However, preferences for cremation versus burial are determined by cultural and demographic factors that vary by region. As a result, the distribution of industry establishments is expected to differ slightly from that of funeral homes and cemeteries, which more closely reflect population trends.For example, although the Southeast is the most populous region in the United States, accounting for 25.7% o...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesDepreciationRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Cremation Services

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

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

  • 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
    Table: Industry Data for the Cremation Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total number of deaths (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • 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.
  • What Our Customers Say

    Why buy this report?

    The Cremation 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.

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    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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