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Cremation Services - Industry Market Research Report

  • May 2016
  • -
  • Ibisworld
  • -
  • 31 pages

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



Abstract

Cremation Services

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. Over the next five years, cremation is anticipated to continue gaining popularity, specifically among younger generations who have already seen older relatives opt for it, further eroding cultural traditions surrounding burial.Over the five years to 2021, industry revenue is forecast to grow.



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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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