Cemetery Services in the US
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 merchandise and burial services from the Cemetery Services industry. With improving economic conditions, families became less price-conscious and increased purchases of some high-margin funeral merchandise and services. In particular, cemetery service operators started expanding their array of merchandise items for families choosing cremation, which boosted revenue for cemetery and cremation operators. Over the five years to 2023, industry revenue growth is expected to taper. The industry is expected to continue benefiting from several key economic factors, including steady increases in per capita disposable income, a greater percentage of the US population reaching 65 years of age and gradual increases in the annual number of deaths.
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.