$7.3bn
$XXX.Xm
34,532
6,552
$X.Xbn
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 6.5% to $7.3 billion over the past five years, including a 0.6% decrease in 2024 alone. Profit has climbed to 11.1% of revenue in 2024 from 8.8% in 2019.
Industry revenue has grown at a CAGR of 6.5 % over the past five years, to reach an estimated $7.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Service Corporation International | 1,802.6 | 598.2 | 33.2 |
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Industry revenue is measured across several distinct product and services lines, including Interment services, Sale of graves, plots and other spaces and Cemetery maintenance services. Interment services is the largest segment of the Cemetery Services in the US.
The sale of graves, plots and other spaces is the largest service segment
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).
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NAICS 81222 - Cemetery Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Cremations are significantly less expensive than traditional burials, resulting in cremations rising in popularity over the past five years.
Learn about an industry's products and services, markets and trends in international trade.
Cremation services have grown because they are less expensive than burials. Environmental concerns and a growing preference for simple services have also contributed to great...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The distribution of cemeteries and crematories is related to population trends and age structure. Consumer preferences for cremation, as opposed to burials, are another impor...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Industry services depend on consumer preferences. Cremations have become a popular choice for consumers in recent years.
Learn about the performance of the top companies in the industry.
The industry’s largest company, Service Corporation International, has spread services across North America. The company has also expanded its operations to Canada and Puerto...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
State cooling-off legislation is in place concerning the sale of preneed cemetery contracts. Cooling-off legislation typically requires operators to refund proceeds from cont...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Cremations have gained popularity in recent years, driving operators to expand customization options for these services. Additional services and customization options for cre...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Cemetery Services in the US industry in United States is $7.3bn in 2024.
There are 6,552 businesses in the Cemetery Services in the US industry in United States, which has grown at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Cemetery Services in the US industry in United States has been growing at a CAGR of 6.5 % between 2019 and 2024.
Over the next five years, the Cemetery Services in the US industry in United States is expected to grow.
The biggest company operating in the Cemetery Services market in United States is Service Corporation International
Cemetery maintenance and upkeep and Mausoleum operation are part of the Cemetery Services in the US industry.
The company holding the most market share in United States is Service Corporation International.
The level of competition is high and steady in the Cemetery Services in the US industry in United States.