Funeral Homes in California
The Funeral Homes industry in California has experienced gains over the past five years and is poised for continued growth during the coming five-year period. In particular, the number of elderly in-state residents is projected to increase over the next five years, which will principally drive the industry forward. Because this slice of the population typically has life insurance and makes pre-need arrangements, they have the available resources to pay for funeral home services. With the proportion of baby boomers as a share of the population growing faster than other age groups, industry operators are expected to benefit. Preferences within the industry are currently in flux, as the number of traditional burials gives way to more cremations, which could hinder revenue and profit growth.
This industry includes companies that conduct funerals and prepare the deceased for burial or interment. Industry establishments organize wakes, transport the dead and sell caskets and related merchandise. This industry includes funeral homes combined with crematories; however, establishments that primarily conduct cremation are excluded from this industry and are included in the Cemetery Services industry (IBISWorld report 81222).
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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