DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/eb49f2/funeral_services) has announced the addition of the "Funeral Services" report to their offering.
The US funeral services industry includes about 21,000 establishments (single-location companies and units of multi-location companies) that generate about $15 billion of annual revenue from the operation of funeral homes, crematoriums, and cemeteries. Major companies include Service Corporation International (SCI), Stewart Enterprises, and StoneMor Partners. The industry is fragmented: the 50 largest companies account for about 25 percent of industry revenue.
Demand for services is driven mainly by the number of older Americans. The profitability of individual companies depends on sales and marketing and efficient operations, because local demand is relatively fixed. The main advantage of large companies is their ability to share resources (limos and hearses, embalmers, and marketing costs) among clusters of funeral homes. Small operators can compete successfully with national companies because the funeral business is intensely local. The industry is labor-intensive: annual revenue per employee is about $100,000.
Products, Operations & Technology:
Pre-burial services, which include embalming and cosmetic preparation, transportation, facility rental for wakes and memorial services, account for about 40 percent of revenue. Sales of caskets and other funeral goods (urns, wreaths, etc.) make up about 25 percent of revenues. Other sources of revenue include burial rights. Major casket suppliers include Batesville Casket, Aurora Casket, and Matthews International. Most funeral homes conduct about 100 funerals a year and have a large investment in physical assets (facilities, hearses, limos) that are often idle.
Key Topics Covered:
Quarterly Industry Update
Call Preparation Questions
Web Links and Acronyms
For more information visit http://www.researchandmarkets.com/research/eb49f2/funeral_services
Source: First Research