Establishments primarily engaged in manufacturing burial caskets and cases, including shipping cases, of wood or other material except concrete.
In the industry designated by NAICS 3995 (Burial Caskets), several qualitative trends are becoming increasingly prominent. Firstly, there's a noticeable shift towards eco-friendly and biodegradable caskets as consumers and funeral homes alike are moving towards sustainable practices. This trend is largely driven by a growing awareness of environmental issues and a desire to reduce the carbon footprint of funerals.
Additionally, personalization and customization of caskets are gaining popularity. Consumers are seeking unique and personalized designs that reflect the personality and preferences of the deceased, making the memorial service more meaningful. This has led to an increase in demand for bespoke and artistically designed caskets.
Technology integration is another significant trend. Companies are beginning to incorporate digital elements, such as QR codes on caskets that link to digital memorials or life stories of the deceased. This creates an interactive and lasting tribute for friends and family.
Looking forward, the trend towards direct-to-consumer sales is likely to grow. More manufacturers are bypassing traditional retail channels and selling directly to consumers online, offering a wider range of options at competitive prices.
Overall, the near future for the burial casket industry looks to be shaped by sustainability, personalization, technological integration, and direct consumer engagement. These trends are expected to drive innovation and growth in the sector.
Burial cases, metal and wood
Burial vaults, fiberglass
Caskets, metal and wood
Grave vaults, metal
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.