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The market growth is expected due to increasing demand for customized solutions for various in-house and outsourced facility management. In addition, increasing numbers of commercial and residential buildings in major cities continue to drive demand for facility management services across the country. Moreover, rapid development of infrastructure and growing interest in integrated facility management services are expected to have a positive impact on the German facility management market in the coming years. Real estate and cleaning services accounted for the largest market share due to large-scale development of real estate projects and expansion of infrastructure development nationwide. Facilities management include services related to fire protection, cleaning, maintenance, security, logistics, environmental, heating, ventilation, and air conditioning (HVAC). .
UEFA Euro 2024 propelling the growth
Germany is set to host UEFA Euro 2024, a football tournament comprising of European teams. Stadiums are being renovated for the tournament such as the stadium in Hamburg named Volksparkstadion is expected to be renovated at an estimated cost of USD 35.92 million. Hosting a regional tournament of 48 countries, this shall require maintenance of buildings where the players will stay, hotels so that people coming from different nationalities to support their teams find a place to stay. Thus, such a tournament is expected to drive the Germany Facility Management Market.Investment in commercial real estate
Increased investment in commercial real estate is likely to increase local demand for facility management services. This is evident in the country's recent developments. In August 2021, Google planned to invest in renewable energy with the opening of a new Google Cloud region in Berlin-Brandenburg. The company shall continue to invest in Germany's transition to a digital and sustainable economy. The company plans to invest around USD 1.09 billion in digital infrastructure and clean energy by 2030. Such investment and expansion in the country will prompt other companies to invest in Germany thus propelling the facility management market
Latest Trends in Germany Facility Management Market propelling the growth of Germany Facility Management Market
- In 2022, facilities management company Kobel Group has completed the acquisition of Wiesbaden-based air conditioning and refrigeration technology company Kriotec. The acquisition will allow the company to expand its portfolio of products and services. Furthermore, the acquisition of Kriotec Kalte- und Klimatechnik GmbH and Kriotec Gewerbe Kälte GmbH enables the company to offer refrigeration and air-conditioning technology directly to customers and strengthens its presence in the Frankfurt/Rhein-Main region.
- In April 2021, KMS Computer GmbH, a leading computer-aided facility management (CAFM) software specialist based in Dresden, Germany was acquired by VertiGIS, a geographic information systems (GIS) solution provider and software developer.
- In 2020, Bombardier Transportation, the rail division of the Bombardier Group, entrusted Apleona with integrated facility management for all locations in Germany. More precisely, there were seven production facilities and his one office building, including the headquarters in Berlin, with a total area of about 1 million square meters.
Market Segmentation
Germany Facility Management market is segmented based on service, type, industry, end user and sectors. Based on service, the market is fragmented into property, cleaning, security, support, catering, and others. Based on type, the market is fragmented into hard services and soft services. Based on industry, the market is fragmented into organized and unorganized. Based on end user, the market is further fragmented into commercial, residential, industrial and Public Sector. Based on sectors, the market is fragmented into education, healthcare, real estate, banking, hospitality, housing, and others.Market players
Major market players in the Germany Facility Management market are Strabag SE, Sodexo Services GmbH, Dussmann Group, Compass Group PLC, Wisag Facility Service Holding GmbH, Vinci SA, Spie Group, Aramark Holding Deutschland GmbH, Cushman & Wakefield PLC, ISS Facilities Services Inc.Report Scope:
In this report, Germany Facility Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:Germany Facility Management Market, By Service:
- Property
- Cleaning
- Security
- Support
- Catering
- Others
Germany Facility Management Market, By Type:
- Hard Services
- Soft Services
Germany Facility Management Market, By Industry:
- Organized
- Unorganized
Germany Facility Management Market, By End User:
- Commercial
- Residential
- Industrial
- Public Sector
Germany Facility Management Market, By Sectors:
- Education
- Healthcare
- Real Estate
- Banking
- Hospitality
- Housing
- Others
Germany Facility Management Market, By Region:
- North-West
- North-East
- South -West
- South-East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Germany Facility Management market.Available Customizations:
Germany Facility Management market report with the given market data, the publisher offers customizations according to a company's specific needs.This product will be delivered within 1-3 business days.
Table of Contents
Companies Mentioned
- Strabag SE
- Sodexo Services GmbH
- Dussmann Group
- Compass Group PLC
- Wisag Facility Service Holding GmbH
- Vinci SA
- Spie Group
- Aramark Holding Deutschland GmbH
- Cushman & Wakefield PLC
- ISS Facilities Services Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 85 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 87.54 Billion |
Forecasted Market Value ( USD | $ 129.4 Billion |
Compound Annual Growth Rate | 6.5% |
Regions Covered | Germany |
No. of Companies Mentioned | 10 |