Matthews International Corporation - Class A Common Stock (MATW)

Competitors to Matthews International Corporation - Class A Common Stock (MATW)

Batesville

Batesville is a significant player in the death care industry, specializing in caskets, urns, and memorialization products. They compete with Matthews International primarily in the burial and memorial products segments. While Matthews offers a broader range of services through its memorialization segment, Batesville focuses on quality and customer service, providing strong brand loyalty among funeral homes and families. Their established legacy and reputation give them an edge in the market, especially in the North American region.

Dignity PLC

Dignity PLC serves as a key competitor to Matthews International, particularly in the UK funeral services market, providing cremation, burial, and memorialization services. Dignity has established a robust network of funeral homes and cemeteries and competes directly with Matthews in terms of service offerings and market penetration. However, Matthews holds an advantage through its diversified approach, integrating multiple segments and services across North America, enhancing its resilience in fluctuating market conditions.

Hillenbrand, Inc. 

Hillenbrand operates in the funeral services market through its subsidiary, Batesville, and in industrial segments, creating competition across different service lines. While Matthews International focuses on memorial products and related services, Hillenbrand’s diverse portfolio allows it to leverage operational capabilities and technological innovations in both the funeral and industrial sectors. However, Matthews has a strong foothold in the cremation market, where it is seen as innovative, thus competing effectively in specific niches.

Service Corporation International 

Service Corporation International (SCI) is a leading provider of funeral and cemetery services in North America, presenting significant competition to Matthews International's memorialization and cremation services. SCI's extensive network of funeral homes and cemeteries, combined with its large scale and brand recognition, allows for operational efficiencies and competitive pricing. While Matthews competes by leveraging diverse product offerings and innovative memorialization solutions, SCI’s dominance in the funeral service space positions it as a market leader, especially in terms of volume and geographic reach.