The North America commercial facility maintenance market size is anticipated to reach USD 202.41 billion by 2030, registering a CAGR of 4.1% from 2024 to 2030. The growing commercial sector, coupled with a rising preference for outsourcing commercial facility maintenance in the U.S., are is expected to drive the market demand for North America commercial facility maintenance market over the forecast period.
According to the U.S. Census Bureau, construction spending reached USD 2.09 trillion in 2023, marking a significant increase of 9.0% compared to the USD 1.84 trillion spent in 2022. Within this, private construction expenditures totaled USD 1.54 trillion, representing a 4.7% rise from the USD 1.47 trillion recorded in 2022. Meanwhile, public construction spending surged to USD 437.7 billion in 2023, marking a substantial 16.3% increase from the USD 376.3 billion spent in 2022. This notable uptick in spending for commercial buildings can be attributed to evolving business demands, urbanization trends, rapid industrial expansion, and overall economic growth.
According to the Lodging Magazine Q3 2023 report, over 1,063 hotels are in the construction phase in the U.S., totaling 140,331 rooms. This number has increased by 4% in terms of rooms and by 8% in terms of projects compared to 2022. The lodging sector is expected to grow at a healthy rate owing to the significant changes in lending rates and increasing investment in new hotel constructions or renovations.According to the Lodging Magazine Q3 2023 report, over 1,063 hotels are in the construction phase in the U.S., totaling 140,331 rooms. This number has increased by 4% in terms of rooms and by 8% in terms of projects compared to 2022. These aforementioned factors are expected to drive the market demand for North America commercial facility maintenance market..
Moreover, the increasing number of increasing commercial facilities is anticipated to necessitate the need for maintenance, as upkeep is required to ensure optimal user experiences and operational efficiency. Additionally, Tthese commercial facilities also require regular maintenance of amenities such as heating, ventilation, and air conditioning (HVAC) systems, plumbing, electrical infrastructure, and landscaping, among others. This is expected to significantly propel the demand for commercial maintenance services over the forecast period.
Commercial facility maintenance encompasses various types of maintenance activities aimed at preservingactivities to preserve the functionality, safety, and appearance of commercial buildings and facilities. Primarily, thereThere is a wide range of maintenance activities such as routine, preventive, emergency, landscaping & ground, electrical, security, and others. Preventive maintenance plays a major role in commercial facility maintenance as it. It involves scheduled inspections, servicing, and repairs designed to prevent equipment failure and prolong the lifespan of building systems and components. This also includes HVAC maintenance, plumbing inspections, and roof inspections to identify and address potential issues proactively, and roof inspections to identify and address potential issues proactively.
Manufacturers of North America commercial facility maintenancein the market are adopting several strategies, such as expansions, mergers & acquisitions, partnerships/collaborations, and service launches, to enhance market penetration. For instance, in February 2023, MCS360 completed the acquisition of Chain Store Maintenance, a prominent commercial facilities services firm. As part of this acquisition, the company's interior commercial facility services platform is expected to operate under the brand name Chain Store Maintenance, an MCS360 Company, providing the well-known core interior maintenance services previously offered by CSM. The exterior facility services remain under the MCS360 brand. The acquisition bolsters MCS360's network of service providers and self-performing service centers, thereby enhancing its ability to meet the diverse needs of its clientele.
According to the U.S. Census Bureau, construction spending reached USD 2.09 trillion in 2023, marking a significant increase of 9.0% compared to the USD 1.84 trillion spent in 2022. Within this, private construction expenditures totaled USD 1.54 trillion, representing a 4.7% rise from the USD 1.47 trillion recorded in 2022. Meanwhile, public construction spending surged to USD 437.7 billion in 2023, marking a substantial 16.3% increase from the USD 376.3 billion spent in 2022. This notable uptick in spending for commercial buildings can be attributed to evolving business demands, urbanization trends, rapid industrial expansion, and overall economic growth.
According to the Lodging Magazine Q3 2023 report, over 1,063 hotels are in the construction phase in the U.S., totaling 140,331 rooms. This number has increased by 4% in terms of rooms and by 8% in terms of projects compared to 2022. The lodging sector is expected to grow at a healthy rate owing to the significant changes in lending rates and increasing investment in new hotel constructions or renovations.According to the Lodging Magazine Q3 2023 report, over 1,063 hotels are in the construction phase in the U.S., totaling 140,331 rooms. This number has increased by 4% in terms of rooms and by 8% in terms of projects compared to 2022. These aforementioned factors are expected to drive the market demand for North America commercial facility maintenance market..
Moreover, the increasing number of increasing commercial facilities is anticipated to necessitate the need for maintenance, as upkeep is required to ensure optimal user experiences and operational efficiency. Additionally, Tthese commercial facilities also require regular maintenance of amenities such as heating, ventilation, and air conditioning (HVAC) systems, plumbing, electrical infrastructure, and landscaping, among others. This is expected to significantly propel the demand for commercial maintenance services over the forecast period.
Commercial facility maintenance encompasses various types of maintenance activities aimed at preservingactivities to preserve the functionality, safety, and appearance of commercial buildings and facilities. Primarily, thereThere is a wide range of maintenance activities such as routine, preventive, emergency, landscaping & ground, electrical, security, and others. Preventive maintenance plays a major role in commercial facility maintenance as it. It involves scheduled inspections, servicing, and repairs designed to prevent equipment failure and prolong the lifespan of building systems and components. This also includes HVAC maintenance, plumbing inspections, and roof inspections to identify and address potential issues proactively, and roof inspections to identify and address potential issues proactively.
Manufacturers of North America commercial facility maintenancein the market are adopting several strategies, such as expansions, mergers & acquisitions, partnerships/collaborations, and service launches, to enhance market penetration. For instance, in February 2023, MCS360 completed the acquisition of Chain Store Maintenance, a prominent commercial facilities services firm. As part of this acquisition, the company's interior commercial facility services platform is expected to operate under the brand name Chain Store Maintenance, an MCS360 Company, providing the well-known core interior maintenance services previously offered by CSM. The exterior facility services remain under the MCS360 brand. The acquisition bolsters MCS360's network of service providers and self-performing service centers, thereby enhancing its ability to meet the diverse needs of its clientele.
North America Commercial Facility Maintenance Market Report Highlights
- The Based on service type, exterior facility maintenance services held the highest market share and service type segment dominated the market in 2023. Exterior facility maintenance refers to theThis involves continuous process of keeping the external component of the commercial facility’s exterior in good condition. Regular exterior maintenance can reduce costly repairs and significant damage to commercial property. An exterior building maintenance plan can prevent these costly repairs problems and damage to property by outlining the frequency of maintenance for each component of the building exteriormaintenance frequency for each building's exterior component.
- During the winter season, the accumulation of snow on the hospital premises can make them inaccessible to patients & service providers and may disrupt their day-to-day functioning. Additionally, the number of patients visiting hospitals is high during this season, and the accumulation of snow increases the chance of accidents due to slippery surfaces. Hence, there is a frequent requirement for timely snow & ice removal from hospital premises during the winter season.
- Interior facility maintenance refers to the management and maintenance of the interior aspects of a facility on the assigned premises. It involves different types of functions to ensure smooth, safe, and esthetic indoor spaces. A well-maintained commercial facility is energy-efficient and cost-effective to operate. Regular internal maintenance undertaken at various commercial facilities prolongs the lifespan of equipment used in the facility.
- Based on application, The workspaces/office buildings dominated application segment led the market and held the highest revenue share in 2023 due to the need for both.Commercial facility maintenance of office buildings involves exterior and internal facility maintenance. Exterior facility maintenance involves commercial, including landscaping, parking maintenance, and snow & ice removal, which enhance the building’s aesthetics. The aesthetics of commercial buildings represent the appearance of their structures.
- In August 2023, CBRE reported that 65% of all office buildings had a leasing level of more than 90% in the second quarter of 2023. Similarly, 78% of the smaller buildings had a leasing level of more than 90% in the second quarter of 2023, and the overall U.S. office vacancy rate hit a 30-year high. Self-performed commercial facility maintenance is required to maintain these rental facilities. Hence, with growth in building leasing, the demand for self-performance is likely to witness growth over the forecast period.
- In December 2023, ABM INDUSTRIES INCORPORATED extended its collaboratedion with LaGuardia Gateway Partners, the entity responsible for developing and managing LaGuardia Terminal B. ABM offered extensive integrated facility services, aiming to deliver top-notchto enhance traveler experiences at LaGuardia Terminal B through integrated facility services. This partnership is geared toward improving and sustaining the guest experience at Terminal B, taking operations to a higher level of strategic alignmentaims to boost operational, efficiency, and dedication to sustainability, people, and community engagement.
Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. North America Commercial Facility Maintenance: Market Variables, Trends, & Scope
Chapter 4. North America Commercial Facility Maintenance Market: Service Type Estimates & Trend Analysis
Chapter 5. North America Commercial Facility Maintenance Market: Application Estimates & Trend Analysis
Chapter 6. North America Commercial Facility Maintenance Market: Maintenance Estimates & Trend Analysis
Chapter 7. North America Commercial Facility Maintenance Market: Country Estimates & Trend Analysis
Chapter 8. North America Commercial Facility Maintenance Market: Competitive Analysis
List of Tables
List of Figures
Companies Mentioned
- MCS360
- Lessen
- Divisions Maintenance Group
- Ferrandino & Son, Inc.
- Powerhouse
- Eleven Western Builders, Inc.
- Facility Maintenance USA
- CLS Facility Services
- Trillium Facility Solutions
- Grounds Control USA
- Retail Contracting Service
- Facilities Maintenance Management
- CBM Commercial Maintenance Company
- Kleenway Building Maintenance Inc.
- All American Facility Maintenance
- Neighborly Company
- BrightView Holdings, Inc.
- EMCOR Group Inc.
- ABM INDUSTRIES INCORPORATED
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 152 |
| Published | May 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 153.6 Billion |
| Forecasted Market Value ( USD | $ 202.41 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | North America |
| No. of Companies Mentioned | 19 |
