Cemetery Services in the US - Industry Market Research Report

Cemetery Services in the US - Industry Market Research Report

Cemetery Services in the US

The Cemetery Services industry provides products and services for bereaved family members of the deceased, which may include sales of family plots, mausoleums, memorials and columbaria, in addition to sales of merchandise, including urns and ornamental goods. The industry sells services on either a pre-need (sold before death) or at-need (sold following a death) basis. The industry benefited throughout the period, specifically during the COVID-19 pandemic, because of the high number of deaths. Overall, industry revenue increased at a CAGR of 2.8% to $6.2 billion over the past five years, including a 0.5% decrease in 2023 alone. Profit has climbed to 9.6% of revenue in 2023 from 9.2% in 2018.

This industry includes establishments that operate sites or structures reserved for the interment of human or animal remains. The industry also includes companies that offer cremation services. This industry does not include funeral homes, even those that operate cemeteries; these companies are included in the Funeral Homes industry (IBISWorld report 81221).

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.