+1-888-308-5802     
News Contact Us

Facilities Management Market Size, Trends, Analysis, Demand, Outlook and Forecast to 2025

Author : Ronak Bora | Published Date : 2020-09-08 

Facilities Management Market is expected to exceed USD 2 trillion by 2025. The rising investments in smart city projects across the world have led to the growing demand for facilities management services.

Rising investments in real estate as well as construction worldwide will drive facilities management market trends over the forecast timeframe. For example, the government of Canada had issued additional funding of USD 81.2 billion in 2017 across five main infrastructure streams that include trade, social, transportation, public transit and green infrastructure.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4403

Canadian government has also taken numerous initiatives to enable the development of infrastructure for rural and northern communities. For instance, ‘Investing in Canada’ is a plan taken up by the Canadian government to build and develop advanced economic cities. There has been an increase in the investments in various smart city projects around the globe that has resulted in an increasing demand for facilities management services.

With a major growth of hospitality and tourism sectors across the world, the demand for FM services has witnessed major growth in restaurants, entertainment centers and hotels. Key providers of facilities management services include CB Richard Ellis (CBRE), Colliers International, G4S plc, CA technologies, Aramark and EMCOR Group, Inc.

Some of the major findings of the facilities management market report include:

  • The growing tourism and hospitality industry have led to the rising demand for FM services across hotels, restaurants, and entertainment centers
  • The proliferation in smart city development projects in Asia Pacific and the MEA is expected to drive facilities management market growth
  • The demand for facility management services such as construction, operation, and maintenance is increasing due to the growing number of construction projects undertaken by government departments
  • The growing industrialization will enable manufacturing companies to outsource the management of their facilities to enhance their focus on core competencies
  • Some of the major companies operating in the facilities management market are CA Technologies, CB Richard Ellis (CBRE), Aramark, Colliers International, EMCOR Group, Inc., and G4S plc
  • Stringent regulations and high scrutiny have enabled enterprises to outsource and deploy technology solutions that can optimize their facilities management

The growing tourism industry in the U.S. is supporting the demand for FM services in North America. For instance, according to the International Trade Administration (ITA), the U.S. travel and tourism industry generated an economic output of more than USD 1.6 trillion in 2017. The increase in the number of tourists has led to the adoption of facility management services across airports, shopping malls, large food centers, and amusement parks.

Request for customization @ https://www.gminsights.com/roc/4403

The major companies operating in the facilities management market are focusing on securing government contracts for FM services to enhance their profitability. In February 2019, Madrid City Government signed a four-year contract of worth USD 18.62 million with ACCIONA, the facility management company to enhance energy efficiency in 400 municipal buildings including schools, sports centers, offices, social, and cultural centers.

Table of Contents (ToC) of the report:

Chapter 1.    Methodology & Scope

1.1.    Methodology

1.1.1.   Initial data exploration

1.1.2.   Statistical model and forecast

1.1.3.   Industry insights and validation

1.1.4.   Scope

1.1.5.   Definitions

1.1.6. Methodology & forecast parameters

1.2.    Data Sources

1.2.1.   Secondary

1.2.1.1.    Paid sources

1.2.1.2.    Public sources

1.2.2.   Primary

Chapter 2.    Executive Summary

2.1.    FM industry 360º synopsis, 2014 - 2025

2.1.1.   Business trends

2.1.2.   Regional trends

2.1.3.   Type trends

2.1.4.   Service trends

2.1.4.1.    Hard service trends

2.1.4.2.    Soft service trends

2.1.4.3.    Management service trends

2.1.5.   Application trends   

Chapter 3.    Facilities Management Market Insights

3.1.    Introduction

3.2.    Industry segmentation

3.3.    Industry landscape, 2014 – 2025

3.4.    Industry ecosystem analysis

3.5.    Technology & innovation landscape

3.5.1.   Cognitive facilities management

3.5.2.   Internet of Things (IoT)

3.6.    Regulatory landscape

3.6.1.   Global   

3.6.1.1.    International Facility Management Association (IFMA)

3.6.1.2.    ISSA (International Sanitary Supply Association)

3.6.2.   North America

3.6.2.1.    Facility Management Institute (FMI) By General Services Administration (GSA)

3.6.2.2.    Facility Maintenance Policy (Canada Government)

3.6.3.   Europe

3.6.3.1.    Guide to the Safety, Health and Welfare at Work Act 2005

3.6.3.2.    Institute of Workplace and Facilities Management (IWFM)

3.6.3.3.    British Institute of Facilities Management (BIFM)

3.6.4.   Asia Pacific

3.6.4.1.    National Building Code of India 2016

3.6.4.2.    Facilities Management Association of Australia (FMA)

3.6.5.   Latin America

3.6.5.1.    International Federation of Consulting Engineers (FIDIC) (Brazil)

3.6.5.2.    Construction & Engineering Law 2019 (Mexico)

3.6.6.   Middle East and Africa

3.6.6.1.    Middle East Facilities Management Association (MEFMA)

3.6.6.2.    Saudi Labor Law

3.7.    Industry impact forces

3.7.1.   Growth drivers

3.7.1.1.    Rapidly growing tourism and hospitality sectors

3.7.1.2.    Government initiatives for the development of smart cities and business hubs

3.7.1.3.    Rising demand for value-added services

3.7.1.4.    Growing investments in the construction sector

3.7.1.5.    Necessity to comply with environmental and regulatory norms

3.7.1.6.    Inclination towards virtual workplace and demand for personalized services

3.7.2.   Industry pitfalls & challenges

3.7.2.1.    Slow adoption of outsourced facilities management services

3.7.2.2.    Integration of facility management with legacy ERP systems

3.8.    Porter’s analysis

3.9.    PESTEL analysis

3.10.    Growth potential analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/facilities-management-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

Related News

LPWAN Market Latest Trends, Development, Growth Analysis and Forecast by 2025

Published Date: 2020-09-21         Author: Ronak Bora

The global LPWAN market is slated to register significant proceeds in the forthcoming years, irrefutably pertaining to the rapid advancements in IoT and smart technologies. Ever since its inception, LPN has stood tall, becoming the preferred technology of choice for IoT applications primarily owing ... Read More

Global NDT Service Market Study by Regional Growth Analysis and Revenue Statistics to 2025

Published Date: 2020-09-21         Author: Ronak Bora

Owing to the evolving demands of the industrial & manufacturing sectors, the growth trajectory of the NDT service market is witnessing an optimistic change over the recent years. The need for agile and highly-efficient inspection equipment has been escalating lately as the valuable assets of num... Read More

Operational Analytics Market: High-growth Regions to Expand Geographic Footprint 2020-2026

Published Date: 2020-09-21         Author: Ronak Bora

The study, called Global Operational Analytics Market Research Report, is conceptualized by means of massive research that has been undertaken by analysts. An in-depth analysis of the global industry has been provided in the study. This detailed, massive report is complete with pivotal aspects that ... Read More

© 2020 Fractovia. All Rights Reserved