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Funeral Directors, Crematoria and Cemeteries in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Funeral Directors, Crematoria and Cemeteries Market Research Report | ANZSIC S9520 | Apr 2013

The right direction: Higher fees and more deaths will boost industry revenue

IBISWorld’s Funeral Directors, Crematoria and Cemeteries market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$991m
Annual Growth 08-13
1.1%
Annual Growth 13-18
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Profit
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Employment
7,627
Businesses
939
Industry Analysis & Industry Trends

The financial performance of the Funeral Directors, Crematoria and Cemeteries industry is strongly influenced by the number of deaths in Australia each year. This statistic has remained relatively stable over the past five years as medical advances, higher living standards and improved attitudes to health have helped lift life expectancy and, in many cases, prolonged life. Industry revenue growth has also been restricted by the increasing proportion of cremations compared with burials, as cremations generally involve lower revenue per service. Economic uncertainty following the financial crisis has led to many consumers demanding cheaper, low-margin services. IBISWorld forecasts industry revenue will grow by 1.3% in 2012-13, to $991.2 million... purchase to read more

Industry Report - Industry Key Buyers Chapter

IBISWorld estimates that the four largest operators in the industry account for 39% of total industry revenue in 2012-13. However, InvoCare, the industry's dominant player, accounts for an estimated 35.1% of the industry's revenue on its own; this percentage has grown over the past five years as it has made a number of large acquisitions. The Australian Competition and Consumer Commission (ACCC) forced InvoCare to sell a Sydney funeral director and a Brisbane crematorium when it purchased Bledisloe Holdings in 2011. Any future consolidation will be closely watched by the ACCC.

Aside from InvoCare, the industry is highly fragmented and has a very low level of concentration. The majority of operators in the industry are small operators and many of them are family run businesses... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Funeral Directors, Crematoria and Cemeteries Industry?

Firms in this industry operate funeral homes, cemeteries, and crematoria; manage funerals, cremations and burials; and, conduct funerals, cremations and burials.

Industry Products
Burial servicesCremation servicesFuneral services - professional feesFuneral services - coffins, merchandise and other fees
 
Industry Activities
Funeral home operationsCemetery operationsCrematorium operationsFuneral directingUndertaking


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