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Facilities Management Market: Global Analysis, Trends, Forecast up to 2025

Author : Ronak Bora | Published Date : 2020-08-20 

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.

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.

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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.

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.

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 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.

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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 5.    Facilities Management Market, By Type

5.1.    Key trends, by type

5.2.    Outsourced

5.2.1.   Market estimates and forecast, 2014 – 2025

5.3.    In-house

5.3.1. Market estimates and forecast, 2014 – 2025

Chapter 6.    Facilities Management Market, By Service

6.1.    Key trends, by service

6.2.    Hard service

6.2.1.   Market estimates and forecast, 2014 – 2025

6.2.2.   Electrical service

6.2.2.1.    Market estimates and forecast, 2014 – 2025

6.2.3.   Civil

6.2.3.1.    Market estimates and forecast, 2014 – 2025

6.2.4.   Mechanical

6.2.4.1.    Market estimates and forecast, 2014 – 2025

6.2.5.   Specilized service

6.2.5.1.    Market estimates and forecast, 2014 – 2025

6.2.6.   Other hard service

6.2.6.1.    Market estimates and forecast, 2014 – 2025

6.3.    Soft service

6.3.1.   Market estimates and forecast, 2014 – 2025

6.3.2.   Clening

6.3.2.1.    Market estimates and forecast, 2014 – 2025

6.3.3.   Laundry

6.3.3.1.    Market estimates and forecast, 2014 – 2025

6.3.4.   Landscaping

6.3.4.1.    Market estimates and forecast, 2014 – 2025

6.3.5.   Security

6.3.5.1.    Market estimates and forecast, 2014 – 2025

6.3.6.   Other soft services

6.3.6.1.    Market estimates and forecast, 2014 – 2025

6.4.    Management service

6.4.1.   Market estimates and forecast, 2014 – 2025

6.4.2.   Contract management

6.4.2.1.    Market estimates and forecast, 2014 – 2025

6.4.3.   Energy and utilities

6.4.3.1.    Market estimates and forecast, 2014 – 2025

6.4.4.   Maintenance and planning control

6.4.4.1.    Market estimates and forecast, 2014 – 2025

6.4.5.   Other management services

6.4.5.1.    Market estimates and forecast, 2014 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.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

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