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2024 U.S. Industry Statistics & Market Forecast - Cemeteries and Crematories
Market Size & Industry Statistics
The total U.S. industry market size for Cemeteries and Crematories:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Cemeteries & Crematories industry has been impacted by a number of key trends in recent years. One major trend affecting the industry is the growing interest in cremation services. Cremation has become increasingly popular due to a number of factors, including cost and environmental considerations. As a result, crematoriums have seen a significant increase in demand for their services.Another trend impacting the industry is the shift towards more personalized funeral services. Funeral directors are now offering a wider range of services that cater to the unique needs and wishes of each individual family. This includes customized coffins, unique funeral settings, and personalized memorial services.
The use of technology is also changing the way the industry operates. Funeral homes and crematoriums are now using digital tools such as online booking systems, video conferencing for family consultations, and digital record-keeping to streamline their operations and improve the customer experience.
The industry is also facing new regulations and standards related to environmental impact. With a growing concern for sustainability, governments are imposing stricter regulations on everything from funeral practices to the construction of burial sites.
Overall, the Cemeteries & Crematories industry is evolving rapidly in response to changing consumer preferences, regulatory requirements, and technological advancements. Funeral directors and industry leaders must stay up-to-date on these trends to remain competitive and meet the needs of today's customers.
Product & Services Breakdown
Research products and services in the Cemeteries and Crematories industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Cremation Services For Human Remains |
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Pre-Burial Services For Human Remains |
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Funeral Planning And Coordination Services (Include Performing Memorial Service.) |
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Interment Of Human Remains |
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Graves, Plots, And Other Spaces For Human Remains |
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Graves, Plots, And Other Spaces For Human Remains - Sales |
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Cemetery Maintenance Services |
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Resale Of Funeral Goods |
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Resale Of - Cemetery Goods |
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Pet Care Services |
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Pet Funeral Services |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Cemeteries and Crematories company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Cemeteries and Crematories industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Cemeteries and Crematories measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 12% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Other Management Occupations | 10% | |||
| Personal Service Managers | 10% | |||
| Funeral Home Managers | 10% | |||
| Building and Grounds Cleaning and Maintenance Occupations | 12% | |||
| Grounds Maintenance Workers | 9% | |||
| Grounds Maintenance Workers | 9% | |||
| Landscaping and Groundskeeping Workers | 9% | |||
| Personal Care and Service Occupations | 47% | |||
| Funeral Service Workers | 46% | |||
| Funeral Attendants | 24% | |||
| Funeral Attendants | 24% | |||
| Morticians, Undertakers, and Funeral Arrangers | 17% | |||
| Morticians, Undertakers, and Funeral Arrangers | 17% | |||
| Office and Administrative Support Occupations | 20% | |||
| Secretaries and Administrative Assistants | 6% | |||
| Secretaries and Administrative Assistants | 6% | |||
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 5% | |||
| Other Office and Administrative Support Workers | 7% | |||
| Office Clerks, General | 7% | |||
| Office Clerks, General | 7% | |||
Cemeteries and Crematories Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Cemeteries and Crematories industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Cemeteries and Crematories industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Cemeteries and Crematories industry. |
Source:
Innovation News
- Jan 14, 2024: Frank H. Miles trademarks "KELLY CREMATION & FUNERAL CARE" - Funeral arrangement services; Funeral ceremony services accompanying cremation; Funeral service undertaking; Conducting funeral ceremonies
- Aug 11, 2023: in Light Urns trademarks "TRIBUTE WREATH" - Cremation urns
- Aug 11, 2023: in Light Urns trademarks "CREMATION ASH CALCULATOR" - Cremation urns
- Jun 30, 2022: Solace Cremation raises $1 million in funding.
- Jun 02, 2021: Solace Cremation raises $2 million in funding.
- Apr 27, 2020: Solace Cremation raises $1 million in funding.
Recent Federal Contracts for Cemeteries and Crematories- Mar 30, 2024: PRIORITY GOVERNMENT SOLUTIONS LLC (Omaha, NE) awarded $252,732
- Mar 28, 2024: GPS OF CENLA, LLC (Elmer, LA) awarded $72,420
- Mar 26, 2024: BOCO CONTRACTING AND CONSTRUCTION LLC (Brighton, IL) awarded $188,867
- Mar 21, 2024: YARD CHIEF YARD CARE INC (Anchorage, AK) awarded $125,972
- Mar 19, 2024: VALLEYSCAPES INC. (Gresham, OR) awarded $13,265
- Mar 19, 2024: B & H SERVICES, LLC (Lake Ozark, MO) awarded $17,922
- Mar 30, 2024: PRIORITY GOVERNMENT SOLUTIONS LLC (Omaha, NE) awarded $252,732
- Mar 28, 2024: GPS OF CENLA, LLC (Elmer, LA) awarded $72,420
- Mar 26, 2024: BOCO CONTRACTING AND CONSTRUCTION LLC (Brighton, IL) awarded $188,867
- Mar 21, 2024: YARD CHIEF YARD CARE INC (Anchorage, AK) awarded $125,972
- Mar 19, 2024: VALLEYSCAPES INC. (Gresham, OR) awarded $13,265
- Mar 19, 2024: B & H SERVICES, LLC (Lake Ozark, MO) awarded $17,922
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