Industry Background:
The Cemetery Services sector is offering burials and cremations based services. Cremations generally cost significantly lower than the burial services. The growing demand for cremations has improved over the last few years because of cost attentions, environmental reasons, religious thoughts and changing consumer preferences. As cremations contribute a low amount of revenue and profit for cemeteries, along with the growing demand for cremations has harmfully affected the industry. There is a rise in the number of cremations in FY 2018 and FY 2019, prevention a strong threat to the industry. This industry considers formations that operate sites and structures that reserved for interment activities. This industry also considers players that offer cremation based services.This growth is primarily driven by Advancement in Funeral Services.
Globally, a noticeable market trend is evident Growing Demand of Cemetery Services Businesses in the United States Region. Major Players, such as Service Corporation International (United States), Chemed Corp. (United States), StoneMor Partners (United States), Wilbert Funeral Services (United States), Fu Shou Yuan International Group (China), Lung Yen Life Service Corp (China), Carriage Services (United States), Nirvana Asia Ltd. (Malaysia), Professional Cemetery Services (United States) and SCI Shared Resources, LLC (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Dec 2019, StoneMor Partners L.P. announced an agreement to sell Oakmont Memorial Park & Mortuary for the carriage services worth USD 33 million. This sale is a StoneMor’s strategy to attract the multiple divest assets and helps in reducing debt levels, and others.
Market Drivers
- Advancement in Funeral Services
Market Trend
- Growing Demand of Cemetery Services Businesses in the United States Region
Restraints
- Lack of Consumer Awareness
Opportunities
Rising Investment in Cremations Service in Developed Regions Such As United States, EMEA, and Others
Challenges
Required High Initial Investment to Enter in this Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Cemetery Service Study Sheds Light on
The Cemetery Service Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Cemetery Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cemetery Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.