The financial performance of the Funerals Directors, Crematoria and Cemeteries industry is strongly influenced by the number of annual deaths in Australia. This statistic has remained relatively stable over the last five years as medical advances, higher living standards and improved attitudes to health have helped lift life expectancy and, in many cases, prolonged life. Industry revenue growth has also been restricted by the increasing proportion of cremations compared with burials, which generally involve lower revenue per service. Economic uncertainty following the financial crisis has led to many consumers demanding cheaper, low margin services.
Firms in this industry operate funeral homes, cemeteries, and crematoria; manage funerals, cremations and burials; and, conduct funerals, cremations and burials.
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.