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Cemetery Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Cemetery Services Market Research Report | NAICS 81222 | Feb 2017

Staying alive: An aging US population will provide the industry with slow but consistent growth

IBISWorld’s Cemetery 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
Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 12-17
2.4%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
36,621
Businesses
8,314
Industry Threats & Opportunities
  • The increasing share of the population that enters the upper age demographic will increase sales
  • The increasing tendency toward cremation led to revenue declines
  • The changing age structure of the US population should provide steady revenue growth
  • ... purchase to read more

Industry Analysis & Industry Trends

The Cemetery Services industry provides products and services for bereaved family members of the deceased, which may include sales of family plots, mausoleums, memorials and columbaria as well as sales of merchandise such as urns and ornamental goods. With increasing disposable income and a growing proportion of US citizens reaching 65 years and older, families became far more likely to purchase high-value industry merchandise and burial services. Heightened merger and acquisition activity limited the overall growth in industry establishments over the past five years. Over the five years to 2022, industry revenue is expected to continue growing slowly... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Cemetery Services industry exhibits a low but increasing degree of market share concentration. In 2017, the industry's three major companies are expected to generate an estimated 22.9% of the industry's revenue. The majority of the industry's companies are small and operate just one cemetery or crematory. These companies are almost entirely local, with most cemeteries serving customers that live within a 10- to 15-mile radius of the property's location.

Increasing market share concentration among the industry's largest players has occurred due to intensifying merger and acquisition activity over the five years to 2017. StoneMor Partners, which purchased cemeteries and funeral homes in each of the past five years, has largely outpaced the industry's growth. Fol.. ... purchase to read more

Additional Insights for the Cemetery Services Industry

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

  • Must comply with government regulations
  • Proximity to key markets
  • Carrying out all necessary maintenance to keep facilities in good condition
  • IBISWorld analysts also discuss how external factors such as Number of deaths and Per capita disposable income in the Cemetery Services industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Cemetery Services Industry?

    This industry includes establishments that operate sites or structures reserved for the interment of human or animal remains. The industry also includes companies that offer cremation services. This industry does not include funeral homes, nor does it include funeral homes that operate cemeteries. These companies are included in the Funeral Homes industry (IBISWorld report 81221).

    Industry Products
    Interment servicesSale of graves, plots and other spacesCemetery maintenance servicesSales of funeral goodsCremation servicesPre-burial services
     
    Industry Activities
    Cemetery maintenance and upkeepMausoleum operationCrematory operationColumbarium operationMemorial garden supervisionAnimal and pet cemetery management


    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
  • Per capita disposable income
  • Number of adults aged 65 and older
  • Number of cremations
  • Current Performance
  • Aging population increases demand
  • The rising popularity of cremations
  • Industry consolidation
  • Chart: Revenue Growth
  • Industry Outlook
  • Trend toward cremation
  • A changing landscape
  • Table: Cemetery Services Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cemetery Services Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Ceramics Manufacturing
  • Florists
  • Funeral Homes
  • Masonry
  • Products & Services
  • Sale of graves, plots and other spaces
  • Interment services
  • Sales of funeral goods
  • Cemetery maintenance services
  • Cremation services
  • Pre-burial services
  • Other
  • Chart: Cemetery Services Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • People aged 75 years and over
  • People aged 55 to 74 years
  • People aged 35 to 54 years
  • People aged 15 to 34 years
  • People aged under 14 years
  • Chart: Major Market Segmentation for the Cemetery Services Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Cemetery Services
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cemetery Services Industry
  • Industry Globalization
    Major Companies
    Service Corporation International
    StoneMor Partners LP
  • Table: Service Corporation International - financial performance
  • Table: StoneMor Partners LP - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Cemetery 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 Cemetery Services Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of adults aged 65 and older (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    At-Need
  • Demand for funeral and cemetery services after the death of a relative or friend.
  • Columbarium
  • A room or building with niches for funeral urns to be stored.
  • Direct Cremation
  • A cremation service that returns the remains to the family members, who typically organize their own private ceremony by scattering the ashes or placing them in a special urn.
  • Preneed
  • A prepaid funeral and cemetery plan that outlines all required products and services, with payment made in advance of death.
  • Trust Funds
  • A prepaid funeral and cemetery fund proceeds are required to be held in a trust fund.

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

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