Investment Rating - The report does not provide a specific investment rating for the cemetery construction industry Core Insights - The cemetery construction industry in China is experiencing rapid growth due to increasing aging population and urbanization, with a compound annual growth rate (CAGR) of 10.73% from 2018 to 2023, and an expected CAGR of 16.11% from 2024 to 2028 [4][33] - The industry is shifting towards green ecological, cultural ecological, and technological applications, such as promoting ecological burials and utilizing GIS, RFID, and digital technologies [4][8] - Key drivers for market growth include increasing consumer demand and supportive government policies, with innovative cemetery construction models and green burial reforms further propelling industry development [4][34] Market Size - The market size of the cemetery construction industry grew from 514 billion RMB in 2018 to 855.56 billion RMB in 2023, with projections to reach 1,805.32 billion RMB by 2028 [33] - The increase in demand for cemetery services is driven by a rise in the death population, which reached 11.1 million in 2023, and an urbanization rate of 66.16% [9][35] Industry Characteristics - The cemetery construction industry is characterized by a rapid growth trend, driven by the increasing death population and a gradual transformation of burial concepts [8][34] - The industry is moving towards cultural ecological and new technology applications, with a focus on natural ecological construction in urban cemeteries [10][11] Competitive Landscape - The industry is highly fragmented with many small players, but a few large companies dominate the market, such as Fushouyuan International Group [44][46] - The competitive landscape is influenced by the increasing demand for ecological and environmentally friendly cemeteries, as well as stricter government regulations on cemetery construction [47][44] Policy Support - Government policies are increasingly supportive of the cemetery construction industry, with initiatives aimed at promoting public burial facilities and enhancing the supply of burial services [38][41] - The "14th Five-Year Plan" for civil affairs emphasizes the need for public burial facilities, providing a strong foundation for industry growth [38][41] Technological Advancements - The industry is adopting new technologies such as GIS for ecological burial management, RFID for ashes storage management, and digital technologies for preserving cultural heritage [11][19] - The integration of technology is expected to enhance service efficiency and quality in the cemetery construction sector [19][27]
公墓建设：殡葬观念逐步转化，公墓建设市场规模持续增长 头豹词条报告系列
Tou Bao Yan Jiu Yuan·2024-10-08 12:30