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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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Table Of Contents

Cremation Services - Industry Market Research Report

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS and MARKETS
Supply Chain
Products and Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology and Systems
Revenue Volatility
Regulation and Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON and GLOSSARY



MAJOR COMPANIES

Service Corporation

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