Overview

Graveyard shifts: Changing consumer preferences towards cremations are turning revenue to ash

The Funeral Directors, Crematoria and Cemeteries market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth
2013 - 2018
1.6%
Annual Growth
2018 - 2023
Profit
Employment
6,172
Business
855

Industry Threats & Opportunities

  • Industry operators have been promoting more personalised services to increase revenue
  • Industry players have been offering more value-added services to try to boost profitability
  • Burial fees are forecast to increase, as space restrictions limit supply in many cemeteries

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    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. Medical advances, higher living standards and improved attitudes to health have helped lift the average life expectancy, slowing death-rate growth. However, rising costs for burials due to space restrictions over the past five years have prompted industry revenue to grow at a faster rate than the number of deaths, as well as encouraging a shift towards cremation. The increasing popularity of cremations has stifled industry revenue growth, as cremations typically generate less revenue per service...

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    Industry Report - Industry Analysis Chapter

    Revenue for the Funeral Directors, Crematoria and Cemeteries industry is expected to grow steadily over the five years through 2017-18, due to rising numbers of deaths and higher household disposable incomes. However, funeral preferences have been changing over the past five years, constraining the industry’s pace of expansion, as input costs have risen and consumers have increasingly chosen cremations or basic funeral packages over more expensive burial options. Overall, industry revenue is projected to rise at an annualised 1.6% over the five years through 2017-18, to $1.1 billion. This includes a 1.7% increase in 2017-18 as the death rate rises close to its long-term average and greater numbers of cremation funerals constrain revenue growth.

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    Additional Insights for the Funeral Directors, Crematoria and Cemeteries Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Funeral Directors, Crematoria and Cemeteries Industry are

  • Access to the necessary amount of land/type of property
  • Having a good reputation
  • Membership of an industry organisation
  • IBISWorld analysts also discuss how external factors such as Number of deaths and Church attendance in the Funeral Directors, Crematoria and Cemeteries industry impact industry performance..

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    Industry Products

    What is the Funeral Directors, Crematoria and Cemeteries Industry?

    Firms in the industry operate funeral homes, cemeteries and crematoria. This includes the management of funerals, cremations and burials.

    Industry Products
    Professional services
    Coffins, caskets and other purchases
    Cremation services
    Burial services
    Other disbursements
    Industry Activities
    Funeral home operations
    Cemetery operations
    Crematorium operations
    Funeral directing
    Undertaking

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of deaths
  • Church attendance
  • Population aged 70 and older
  • Real household disposable income

  • Current Performance
  • Annual deaths
  • Funeral preferences
  • Trading environment
  • Other industry trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Space restrictions
  • Product mix
  • Industry structure
  • Table: Funeral Directors, Crematoria and Cemeteries Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Funeral Directors, Crematoria and Cemeteries Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Religious Services
  • Consumers

  • Key Selling Industries
  • Concrete Product Manufacturing
  • Flower Retailing
  • Industrial Machinery Manufacturing
  • Pallets and Other Wood Product Manufacturing

  • Products & Services
  • Professional services
  • Coffins, caskets and other purchases
  • Cremation services
  • Burial services
  • Other disbursements
  • Chart: Funeral Directors, Crematoria and Cemeteries Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 80 and over
  • People aged 60 to 79
  • People aged 40 to 59
  • People aged 39 and under
  • Chart: Major Market Segmentation for the Funeral Directors, Crematoria and Cemeteries Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Funeral Directors, Crematoria and Cemeteries

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Funeral Directors, Crematoria and Cemeteries Industry

  • Industry Globalization
    Major Companies
    InvoCare Limited
  • Table: InvoCare Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Funeral Directors, Crematoria and Cemeteries Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Funeral Directors, Crematoria and Cemeteries Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Baby Boomer
  • A person born during the post-World War II baby boom between 1946 and 1964.
  • Casket
  • A box for the burial or cremation of a body, typically more tapered than a coffin and designed to suit the deceased's body shape.
  • Coffin
  • A rectangular box for the burial or cremation of a body.
  • Cremation
  • The disposal of a body by fire, typically in a specialised furnace.
  • Crypt
  • An above-ground burial chamber.
  • Prepaid Funeral Plans
  • Arrangement and payment for funeral services prior to death.
  • Standardised Death Rate
  • The number of deaths per 1,000 people.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Funeral Directors, Crematoria and Cemeteries:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Funeral Directors, Crematoria and Cemeteries market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Funeral Directors, Crematoria and Cemeteries, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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