Industry Analysis & Industry Trends
Demand for Funeral Homes industry services is relatively steady because most Americans pass through a funeral home upon their death, which is inevitable. However, changing funeral preferences in recent years have led more families away from burial toward lower-cost cremation services, reducing the industry revenue generated per client. In addition, the emergence of alternative sales channels for funereal products retailed by this industry, including e-commerce, has heightened competition. Over the next five years, the industry is anticipated to stagnate. However, a slight expected uptick in the US death rate will bode well for the industry... purchase to read more
Industry Report - Starting a New Business Chapter
The Funeral Homes industry has medium barriers to entry, primarily given government regulations, licensing requirements and initial capital costs required to start a business. Competition continues to remain high, with entrants to the industry increasing as revenue growth from existing operators has risen. Furthermore, the level of assistance is low, as there is no governmental assistance for the industry, further contributing to the medium barriers to entry.
While funeral homes have lower barriers to entry compared to cemetery operations, potential entrants will find that the vertical integration of the industry can itself be a barrier to entry. Larger companies typically have combination operations, meaning they have a cemetery adjoining a funeral home operation. Thi.. purchase to read more