$2.4bn
$XXX.Xm
2,831
996
$XXX.Xm
The Funeral Directors, Crematoria and Cemeteries industry’s performance strongly depends on the number of deaths in Australia each year. For decades, medical advances, higher living standards and improved attitudes to health have helped lift the average life expectancy, slowing growth in the death rate. Government restrictions on funeral sizes from the fourth quarter of 2019-20 through part of 2021-22 influenced the average spend per funeral, limiting revenue growth for multiple years.
Industry revenue has grown at a CAGR of 1.6 % over the past five years, to reach an estimated $2.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($m)
2025 |
---|---|---|
InvoCare | 674.5 | |
Propel Funeral Partners | 164.5 | |
Southern Metropolitan Cemeteries Trust | 110.9 |
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Industry revenue is measured across several distinct product and services lines, including Professional services, Coffins, caskets and other purchases and Cremation services. Professional services is the largest segment of the Funeral Directors, Crematoria and Cemeteries in Australia.
Inexpensive cremation services account for a small fraction of industry revenue, despite their growing popularity
Industry firms operate funeral homes, cemeteries and crematoria. Services include managing funerals, cremations and burials.
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ANZSIC 9520 - Funeral Directors, Crematoria and Cemeteries in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Despite cremations’ rising popularity, lower prices have resulted in this service only accounting for a small portion of industry revenue. Burial services currently far outwe...
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Despite there being thousands of cemeteries in Australia, the majority of them are inactive and don't generate revenue. Cemeteries accounted for in establishment numbers are ...
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Most state governments are uniting large active cemeteries under elected trusts. These trusts will operate multiple cemeteries to create cohesive operations and pricing.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
This industry requires a high degree of professional labour at each stage of arranging and holding a funeral. Labour intensity is high despite cemeteries requiring heavy mach...
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Profit margins have rebounded from pandemic lows as cemeteries generate perpetual funds. Perpetual funds aim to fund and maintain cemetery grounds long after they fill up.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Funeral Directors, Crematoria and Cemeteries industry in Australia is $2.4bn in 2024.
There are 996 businesses in the Funeral Directors, Crematoria and Cemeteries industry in Australia, which has grown at a CAGR of 2.7 % between 2019 and 2024.
The market size of the Funeral Directors, Crematoria and Cemeteries industry in Australia has been growing at a CAGR of 1.6 % between 2019 and 2024.
Over the next five years, the Funeral Directors, Crematoria and Cemeteries industry in Australia is expected to grow.
The biggest companies operating in the Funeral Directors, Crematoria and Cemeteries market in Australia are InvoCare, Propel Funeral Partners and Southern Metropolitan Cemeteries Trust
Professional services and Burial services are part of the Funeral Directors, Crematoria and Cemeteries industry.
The company holding the most market share in Australia is InvoCare.
The level of competition is high and increasing in the Funeral Directors, Crematoria and Cemeteries industry in Australia.