Cremation Furnace Market Size, Share, Growth, and Industry Analysis, By Type (Human Cremation Furnace, Animal & Pet Cremation Furnace), By Application (Crematoriums, Clinics & Hospitals, Laboratories, Others) and Regional Forecast to 2027

Updated On: 29 April 2024

CREMATION FURNACE MARKET REPORT OVERVIEW

The global Cremation Furnace market size was USD 341.7 million in 2021 and the market is projected to touch USD 448.92 million by 2027, exhibiting a CAGR of 4.65% during the forecast period.

The global cremation furnace market has experienced significant growth in recent years, driven by several factors. Increasing awareness about the environmental impact of traditional burial methods has led to a rising preference for cremation as a more eco-friendly alternative. Additionally, changing cultural attitudes towards death and funeral practices have contributed to the expansion of the cremation industry. This market is characterized by a wide range of cremation furnace types, from traditional to modern, catering to different customer preferences and needs.

As the global population continues to grow and age, the cremation furnace market is expected to remain a lucrative sector in the funeral industry. The market is witnessing innovation and technological advancements, such as the development of more energy-efficient and automated cremation furnaces, which enhance operational efficiency and reduce environmental impact. Furthermore, the COVID-19 pandemic has highlighted the importance of efficient and safe cremation processes, further fueling the demand for cremation furnace solutions across the world. With changing demographics and evolving societal norms, the global cremation furnace market is poised for continued expansion in the coming years.

COVID-19 Impact: Surge in Market Growth Due to Pandemic's High Mortality

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The global cremation furnace market experienced a notable impact from the COVID-19 pandemic, as the high mortality rates during the pandemic led to a surge in demand for cremation services. Cremation, seen as a safer and more hygienic option during the health crisis, saw increased adoption, leading to a temporary spike in sales of cremation furnaces. This trend underscored the resilience and adaptability of the cremation industry and prompted discussions about the long-term implications of the pandemic on end-of-life practices and cremation furnace technologies.

LATEST TRENDS

"Sustainability and Technological Innovation to Drive Market Growth"

The latest trends in the cremation furnace market center around sustainability and technological innovation. There is a growing demand for eco-friendly cremation furnaces that consume less energy, emit fewer pollutants, and can be powered by renewable energy sources. New cremation technologies such as plasma cremation and liquid nitrogen cremation are gaining traction due to their reduced emissions and faster processing times. Electric and mobile cremation furnaces are also becoming popular, particularly in developing countries with limited facilities. Manufacturers are actively enhancing product efficiency, incorporating emissions control systems, and introducing remote monitoring capabilities. These evolving trends collectively contribute to a more sustainable, efficient, and reliable cremation furnace market.

CREMATION FURNACE MARKET SEGMENTATION

• By Type

Based on type the global market can be categorized into Human Cremation Furnace, Animal & Pet Cremation Furnace.

Human Cremation Furnace: Human cremation furnaces are designed for the respectful and efficient cremation of human remains, ensuring a dignified and environmentally responsible final disposition.

Animal & Pet Cremation Furnace: These furnaces are specially designed for the cremation of deceased pets and animals, providing compassionate and customized cremation solutions for pet owners and veterinary services.

• By Application

Based on application the global market can be categorized into Crematoriums, Clinics & Hospitals, Laboratories, Others.

Crematoriums: Crematoriums use cremation furnaces to provide funeral services for human remains, offering a respectful and eco-friendly option for end-of-life arrangements.

Clinics & Hospitals: In healthcare settings, cremation furnaces are used to safely and efficiently dispose of medical waste, including tissues, organs, and other biological materials.

Laboratories: Laboratories employ cremation furnaces for the incineration of hazardous waste, such as chemicals, infectious materials, and lab byproducts, ensuring safe disposal and compliance with environmental regulations.

Others: Cremation furnaces find diverse applications beyond the mentioned segments, including the disposal of industrial waste, research purposes, and specialized applications, reflecting their versatility in various industries.

DRIVING FACTORS

"Environmental Awareness and Sustainability to Boost the Market"

The increasing global focus on environmental preservation and sustainability is a key driver for the Cremation Furnace market growth. As people become more conscious of the ecological impact of traditional burial practices, there is a growing preference for cremation as a more environmentally friendly alternative. Cremation is perceived as a greener option since it consumes fewer resources, requires less land, and emits fewer pollutants. This environmental consciousness has spurred demand for cremation furnaces that are energy-efficient and eco-friendly, encouraging innovation in the industry to meet these demands.

"Changing Cultural Attitudes and Preferences to Expand the Market"

Shifting societal and cultural attitudes toward death and funeral practices have a significant impact on the Cremation Furnace market. In many regions, there is a transition from traditional burial rituals to cremation, driven by factors such as urbanization, changing religious beliefs, and the desire for more flexible and personalized end-of-life choices. This change in preference for cremation has led to a surge in the demand for cremation services and, consequently, cremation furnaces. As people seek more personalized and meaningful ways to commemorate their loved ones, the market responds with innovative cremation furnace solutions to meet these evolving preferences.

RESTRAINING FACTORS

"Regulatory and Zoning Challenges to Potentially Impede Market Growth"

One significant restraining factor in the Cremation Furnace market is the potential for regulatory and zoning challenges. The establishment and operation of crematories, which use cremation furnaces, are subject to strict regulations and zoning requirements in many regions. Obtaining the necessary permits and approvals to set up a crematory facility can be a complex and time-consuming process, often involving compliance with environmental, health, safety, and land-use regulations. Additionally, local communities may resist the presence of crematories due to concerns about emissions, odors, or cultural sensitivities. These regulatory and zoning hurdles can slow down the expansion of crematory facilities, limiting the growth potential of the Cremation Furnace market. Manufacturers and service providers in this industry need to navigate these challenges and work closely with local authorities to ensure compliance while meeting the growing demand for cremation services.

CREMATION FURNACE MARKET REGIONAL INSIGHTS

"Asia Pacific Dominating the Market due to the Region's Continued Population Growth"

The Asia Pacific region is poised to experience significant growth in the cremation furnace market share, driven by a combination of factors. With over half of the world's population residing in this region and continued population growth expected, the demand for cremation furnaces is anticipated to rise due to an increase in the number of deaths. Additionally, there is a growing preference for cremation, particularly in developed countries such as Japan and South Korea, fueled by factors such as the rising cost of burial land, environmental concerns, and evolving cultural attitudes. Furthermore, government initiatives in various Asia Pacific countries, such as India's subsidies for cremation expenses, are promoting cremation as an environmentally friendly and land-saving option. This confluence of factors positions the Asia Pacific region as the fastest-growing market for cremation furnaces in the foreseeable future.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Continuous Technological Advancements"

Key players in the cremation furnace market are maintaining a competitive edge through continuous technological advancements, including innovations such as electric, plasma, and liquid nitrogen cremation technologies. They are also diversifying their product portfolios to cater to varying customer needs, introducing mobile cremation options and units with different capacities. Moreover, these manufacturers are enhancing their services by providing installation, maintenance, and after-sales support, setting themselves apart from competitors. Strategic partnerships within the funeral industry are further helping them expand their offerings and reach. Overall, these proactive measures ensure that key players remain at the forefront of the highly competitive cremation furnace market.

List of Market Players Profiled

• Armil CFS (U.S.)
• Therm-Tec (U.S.)
• FT (U.K.)
• B&L (U.S.)
• National Incinerator Inc (U.S.)
• CMC (India)
• American Incinerators (U.S.)
• Matthews Cremation (U.S.)
• American Crematory Equipment Co. (U.S.)

INDUSTRIAL DEVELOPMENT

August 2023: American Incinerators, a leading US manufacturer of cremation furnaces and other incineration equipment, has launched a new electric cremation furnace. The new furnace, called the Green Choice Electric Cremation Furnace, is more energy-efficient and environmentally friendly than traditional gas-fired cremation furnaces. The Green Choice Electric Cremation Furnace uses state-of-the-art technology to reduce energy consumption and emissions. The furnace is also equipped with a number of safety features, including a temperature monitoring system and a fire suppression system.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.