For decades, the business of death has avoided major disruption. But these days cremation is becoming more popular than burial — and for the coffin industry, it’s a potential death knell, OZY reports. A series of mergers and smaller players closing shop has turned the coffin business into one of the country’s 10 least competitive industries, with only two firms sharing 82 percent of the market. Choice often isn’t a top priority for grieving families, who typically pick the services closest to them.
What keeps upstarts down? Besides cost, experts say the sheer logistics of transporting mass quantities of unwieldy coffins is a significant barrier to entry.