As the number of cremations has increased in the past five years, so has revenue for the Cremation Services industry. The growing popularity of cremations versus traditional burials is due to a number of factors, including cost, environmental considerations and religious acceptance. In the next five years, the industry is expected to continue burning bright. The aging US population will keep demand high for industry services while the increasing humanization of household pets will raise the number of pet cremations performed annually. Despite these positive trends, increasing per capita disposable income will allow Americans the financial flexibility to choose between traditional burial and cremation, regardless of price. Consequently, while the number of cremations is expected to continue increasing in the years to 2019, this growth will likely be slower than that of the previous five years.
This industry provides cremation services. It does not include funeral homes that operate crematories, nor does it include establishments that primarily operate cemeteries.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.