Funeral Directors, Crematoria and Cemeteries in Australia - Industry Research Report

Gold service: Average funeral spending has increased as attendance restrictions ease

The financial performance of the Funeral Directors, Crematoria and Cemeteries industry 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 in the last quarter of 2019-20 through part of 2021-22 influenced the average spend per funeral, leading to lower revenue in 2019-20, followed by a recovery in 2021-22.

Industry firms operate funeral homes, cemeteries and crematoria. Services include managing funerals, cremations and burials.

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.