Cremation Services in the US - Industry Market Research Report

Cremation Services in the US - Industry Market Research Report

  • December 2020 •
  • 45 pages •
  • Report ID: 5103933 •
  • Format: PDF
Ashes to ashes: Revenue is expected to continue growing as cremation gains popularity among younger generations

Abstract

Cremation Services
According to IBISWorld estimates, the Cremation Services industry grew to account for a majority of funeral arrangements over the five years to 2019. The declining significance of religious traditions and increased transience of the US population, which diminishes the importance of permanent burial plots, have fueled this trend. In addition, changing attitudes toward pets have made funeral and cremation services for cats and dogs a growing market. Over the five years to 2024, cremation is anticipated to continue gaining popularity. According to IBISWorld projections, 63.1% of deceased Americans will be cremated in 2024. Cremation is anticipated to continue gaining popularity among the members of younger generations who have already seen older relatives opt for it, further eroding cultural traditions surrounding burial.

This industry provides cremation services for both humans and pets at both funeral homes and standalone crematoria. Industry operators also retailed funeral products, such as caskets and urns.

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.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.