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Cemetery Services in the US - Industry Market Research Report

Cemetery Services in the US - Industry Market Research Report

  • April 2019
  • 35 pages
  • ID: 168089
  • Format: PDF
  • By Ibisworld

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A difficult time: The number of cremations is expected to rise, changing the industry’s revenue structure

Abstract

Cemetery Services in the US
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. Industry operators generally sell services on a pre-need (sold prior to death) and at-need (sold at the time of death) basis. With increasing disposable income and a growing proportion of US citizens reaching or surpassing the age of 65, families have become far more likely to purchase high-value industry merchandise and burial services, as well as begin financing preneed cemetery services and merchandise. As a result, over the five years to 2019, industry revenue is projected to grow. Over the five years to 2024, industry revenue growth is expected to taper slightly.

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, even those that operate cemeteries; these companies are included in the Funeral Homes industry (IBISWorld report 81221).

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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