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Funeral Homes in Massachusetts - Industry Market Research Report

  • ID: 4578558
  • Report
  • October 2020
  • Region: United States
  • 23 pages
  • IBISWorld
Rest in Peace: Massachusetts Companies Will Likely Fare Better Than the Us Industry Due to Lower Cremation Rates

FEATURED COMPANIES

  • Carriage Services Inc.
  • Davis Funeral Home

Funeral Homes in Massachusetts

The Funeral Homes industry in Massachusetts has grown modestly over the past five years. During the period, the senior population in the state has outpaced general state population growth and indicating an aging of the Massachusetts population. This trend has bolstered the industry since the elderly population sometimes pre-purchases funeral arrangements and because they are statistically more likely to die. Moreover, relatively strong growth in per capita disposable income in the state has enabled families to purchase more merchandise and added services for their departed loved ones, increasing sales at industry establishments. Massachusetts industry growth is anticipated to accelerate over the next five years. Continued growth in the state's elderly population will drive underlying demand for funeral services. Meanwhile, relatively low rates of cremation in the state will result in higher revenue per customer, as will projected growth in the state's per capita disposable income over the period.

This industry includes companies that conduct funerals and prepare the deceased for burial or interment. Industry establishments organize wakes, transport the dead and sell caskets and related merchandise. This industry includes funeral homes combined with crematories; however, establishments that primarily conduct cremation are excluded from this industry and are included in the Cemetery Services industry (report 81222).

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.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Carriage Services Inc.
  • Davis Funeral Home
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
  • Service Corporation International
  • Carriage Services Inc.
  • Davis Funeral Home
  • Brown & Hickey Funeral Home
Note: Product cover images may vary from those shown

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