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 industry merchandise and burial services, as well as begin financing preneed cemetery services and merchandise. As a result, over the five years to 2018, industry revenue is projected to grow. In particular, cemetery service operators started expanding their array of merchandise items for families choosing cremation, which boosted revenue for cemetery and cremation operators. Heightened merger and acquisition activity limited the overall growth in industry establishments over the past five years. Over the five years to 2023, industry revenue growth is expected to taper as the number of cremations is expected to rise.
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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