Overview

Put on the backburner: Increased cremation and life expectancy constrain industry growth

IBISWorld’s Funeral Directors, Crematoria and Cemeteries market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth
2012 - 2017
2.5%
Annual Growth
2017 - 2022
Profit
Employment
5,643
Business
848

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. 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, and have also encouraged a shift towards cremation. The increasing popularity of cremations has stifled industry revenue growth, as cremations typically generate less revenue per service. Furthermore, many operators have been promoting personalised services to boost revenue, as many customised options have higher margins...

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Industry Report - Industry Investment Chapter

The Funeral Directors, Crematoria and Cemeteries industry is characterised by moderate capital intensity. Industry operators spend $0.14 on capital investment for every dollar spent on labour. Capital investment is mainly focused on vehicles, equipment and buildings, while labour is necessary across all operations. Funeral directors aim to remove the stress of funerals from family, carrying out most of the organisation and management on their behalf. This high level of personalised service ensures a significant amount of labour across much of the industry.

The industry focuses on professional service and is particularly labour-intensive, although there can also be some significant capital costs. Thr..

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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 Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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