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

Funeral Directors, Crematoria and Cemeteries industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.6%

The financial performance of the Funeral Directors, Crematoria and Cemeteries industry strongly depends on 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 have prompted industry revenue to grow at a faster rate over the past five years compared with the number of deaths. This trend has also encouraged a shift towards lower priced cremations. The increasing popularity of cremations has limited industry revenue growth over the past five years, as cremations typically generate less revenue per service. Many operators have been promoting personalised s...
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Funeral Directors, Crematoria and Cemeteries industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Revenue for the Funeral Directors, Crematoria and Cemeteries industry is forecast to grow at an annualised X.X% over the five years through XXX-XX, to $X.X billion. Some operators are likely to focus more on tailored funeral packages with higher margins to boost their revenue and profitability, while others are anticipated to increasingly market low-cost, low-profit services. Stronger prices for high-end services are projected to partly offset the forecast rise in popularity of lower cost cremations. However, the profitability of crematoria operators is likely to decline as the number of cremations increases, with the segment becoming more price competitive, and as customers become more price sensitive. Overall, downward pricing pressure is anticipat...
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Funeral Directors, Crematoria and Cemeteries industry statistics

  • attach_money Market Size: $2bn
  • business Number of Businesses: 1,231
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 6,325

Biggest companies in the Funeral Directors, Crematoria and Cemeteries industry

The companies holding the largest market share in the Funeral Directors, Crematoria and Cemeteries in Australia industry include InvoCare Limited and Propel Funeral Partners Limited.

  • pie_chart InvoCare Limited Market Share: x.x%
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  • pie_chart Propel Funeral Partners Limited Market Share: x.x%
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What is Funeral Directors, Crematoria and Cemeteries industry?

Industry Definition

Industry firms operate funeral homes, cemeteries and crematoria. Services include managing funerals, cremations and burials.

Industry Products and Services

  • 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

Market research report - table of contents

Industry Definition

Industry firms operate funeral homes, cemeteries and crematoria. Services include managing funerals, cremations and burials.

Main Activities

  • Funeral home operations
  • Cemetery operations
  • Crematorium operations
  • Funeral directing
  • Undertaking

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The number of deaths in Australia each year directly affects industry revenue. As the number of deaths increases, so does the need for funeral services. H...
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Number of deaths
Church attendance
Population aged 70 and older
Real household disposable income

Current Performance

Funeral preferences
Trading environment
Other industry trends
 Chart: Revenue Growth

Industry Outlook

Product mix
Industry structure
 Table: Funeral Directors, Crematoria and Cemeteries in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Funeral Directors, Crematoria and Cemeteries in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Religious Services in Australia
Consumers in Australia





Key Selling Industries

Concrete Product Manufacturing in Australia
Industrial Machinery Manufacturing in Australia
Flower Retailing in Australia
Pallets and Other Wood Product Manufacturing in Australia



Products & Services

The Funeral Directors, Crematoria and Cemeteries industry is made up of several different business structures that provide various services. For example, ...
People aged 60 to 79
People aged 40 to 59
People aged 39 and under



Demand Determinants

The major demand determinant for the industry is the number of deaths. As the number of deaths increases, so too does the need for industry services. Seve...
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Major Markets

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 in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Funeral Directors, Crematoria and Cemeteries industry exhibits low market share concentration, with only two major players: InvoCare and Propel Funera...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Funeral Directors, Crematoria and Cemeteries in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Funeral Directors, Crematoria and Cemeteries in Australia - Market Research Report Industry

Industry Globalization

InvoCare Limited is the largest funeral, cemetery and crematorium operator in the Asia-Pacific region, and floated on the ASX in 2003. As at September 201...
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InvoCare

 Table: InvoCare - financial performance

Propel Funeral Partners

 Table: Propel Funeral Partners - financial performance

Capital Intensity

The Funeral Directors, Crematoria and Cemeteries industry displays moderate capital intensity. In 2018-19, industry operators are expected to invest $0.22...
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 Chart: Level of Capital Intensity for the Funeral Directors, Crematoria and Cemeteries in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Funeral Directors, Crematoria and Cemeteries in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

CASKET

CREMATION

CRYPT

STANDARDISED DEATH RATE

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Funeral Directors, Crematoria and Cemeteries industry?

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This report on Funeral Directors, Crematoria and Cemeteries in Australia:

  • 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 in Australia 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

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