The financial performance of the Funeral Directors, Crematoria and Cemeteries industry is strongly influenced by the number of deaths in Australia each year. This statistic has risen modestly over the past five years as medical advances, higher living standards and improved attitudes to health have helped lift life expectancy. The increasing popularity of cremations in place of traditional burials has stifled revenue growth, as cremations generally generate lower revenue per service. Economic uncertainty over the past five years has increased price sensitivity among consumers, although service still remains the most significant demand determinant.
Firms in this industry operate funeral homes, cemeteries and crematoria. This includes the management of 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.