Industry Analysis & Industry Trends
Rising per capita income and inexpensive cremations have subdued industry revenue over the five-year period. Money-strapped families turned to discount and online retailers and manufacturers to purchase caskets, further depressing revenue for funeral home operators. Nevertheless, the industry's revenue is projected to improve slightly during the next five years. As the population ages, the number of deaths in the United States is anticipated to increase. However, continued competition from discount retailers and the ease of online ordering from casket manufacturers, as well as a rise in inexpensive cremations, are expected to curtail prices for funeral merchandise... purchase to read more
Industry Report - Industry Locations Chapter
The regions with the greatest concentration of funeral homes include the Southeast, the Great Lakes and the Mid-Atlantic. The distribution of industry establishments closely follows the share of the region's population and age structure. Additionally, consumer preferences for cremation as opposed to burials are an important factor that can influence a regions share of establishments.
The Southeast has the greatest share of industry establishments, estimated at 26.8% of the total. Florida, with its warm weather and low-priced housing, has long been an attractive destination for retirement-age adults. As such, 18.2% of the population is over 65, compared with the national average of 13.7%, according to the US Census Bureau... purchase to read more