Industry Analysis & Industry Trends
The performance of the Funeral Activities industry is sensitive to the number of deaths, the average age of the population and household disposable income. Office for National Statistics data suggests that although the UK death rate fell slightly over the past five years, the proportion of the population over 75 continued to grow. In addition to growing real household disposable income, this provided favourable conditions for industry growth. Moreover, the growing number of pre-paid funerals, marketed extensively by industry operators, has allowed operators to make gains over and above these demographic and economic factors. The result has been revenue growth averaging 3.2% per year over the five years through 2011-12.
In 2011-12 alone, the industry is expected to grow 3.3%.. purchase to read more
Industry Report - Industry Investment Chapter
IBISWorld determines capital intensity by calculating the ratio of capital requirements to labour inputs, using depreciation as a proxy for capital, and total industry wages as a proxy for labour. In this industry, the ratio is estimated at 1:6 in 2011-12, meaning that for every £1.00 invested in the use and replacement of buildings, vehicles and equipment, around £6.00 is spent on labour. This is regarded as a medium capital intensity level.
This ratio represents the average industry operator. However, as there are various types of operations covered by this industry, the capital-to-labour ratio for individual businesses may differ significantly from this figure... purchase to read more