Industry Analysis & Industry Trends
Operators in the Funeral Activities industry offer cemetery, crematorium, embalming and mortician services. The industry includes the maintenance of mausoleums and the renting and maintenance of graves. Due to the essential nature of industry services, demand is considered to be price inelastic. A change in the price of industry services leads to a less than proportionate drop in industry demand. The industry is mainly affected by the number of deaths in the United Kingdom. In 2015-16, a significant increase in real household disposable income led to increased demand for pre-planned funeral services, which supported strong revenue growth. In the current year, the number of deaths in the United Kingdom is expected to increase, which can be attributed to an ageing population... purchase to read more
Industry Report - Industry Locations Chapter
The South East
The South East region is estimated to have the highest number of industry establishments, accounting for 14% of industry establishments in 2016-17. The South East is an ideal location for operators that want to be close to wealthy customers. The region has a high level of average household disposable income when compared with other regions. Accordingly, a large proportion of people in the South East are able to afford expensive funerals. Therefore, industry operators have turned towards the South East as a key market for their services.
The North West
The North West accounts for approximately 12.4% of industry establishments in the current year. The high population density of this region has drawn in many industry operators. Peo.. purchase to read more