The facility management services market was valued at $1,253.3 billion in 2020, and is expected to reach $2,525.1 billion by 2030, registering a CAGR of 7.1% from 2021 to 2030. Facility management services expand the worth of the building by offering different maintenance solutions. Furthermore, these services offer more noteworthy returns over the real estate investments to landowners through administration and value-added solutions. The facility management services uphold functional and financial goals of proprietors. The services include applications, such as security, plumbing, finishing, electrical arrangements and cleaning for different uses.
The global facility management services market experiences growth due to rise in urbanization and industrialization. The growing urbanization leads to growing tourism and hospitality industry. In addition, different industries like petroleum, mining, transportation, and pharmaceutical are growing due to rise in urbanization. The huge industrial sector requires the timely maintenance of industrial facilities, which drives the growth of the facility management services market. In addition, different organizations have goals regarding safeguarding their assets that require huge investment and safeguarding them requires maintenance solutions. This is expected to drive the growth of the market. Moreover, the development of mega projects in different countries is growing, which demands for timely maintenance owing to greater investment and spending. Hence, such investments are expected to drive the growth of the facility management services market.
However, adoption of outsourced facility management services over in-house facility management services restrains the growth of the facility management services market. In addition, lack of education in developing countries leads to lesser skilled workforce, which leads to low understanding of the facility management services. Hence, the lower awareness is expected to hamper the growth of the facility management services market.
On the contrary, security and maintenances services of commercial and residential buildings are improving, owing to rise in use of technology over the facility management systems. These systems provide smarter and safer solutions for maintenance. In addition, the government investment for infrastructure is improving, which leads to different initiatives including the maintenance services. Hence, the technological advancements and growing government investments are expected to offer lucrative opportunities for the facility management services market.
The facility management services market is segmented on the basis of service type, type, end user and region. By service type, the market is bifurcated into a property, cleaning, security, catering, and others. By type, the market is segmented into outsourced and in-house. By end user, the market is divided into commercial, institutional, public/ infrastructure, industrial, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
The major players profiled in the facility management services market include, Group Atalian (Arthur McKay & Co Ltd.), BVG India Ltd., CBRE Group, Inc., EMCOR Group, Inc., ISS World Services A/S, Knight Facilities Management, Quess Corp Ltd., Sodexo, Inc., Downer Group (Spotless Group), and Tenon Group. Major companies in the market have adopted acquisition, partnership and agreement as their key developmental strategies to offer better products and services to customers in the Facility management services market.
The global facility management services market experiences growth due to rise in urbanization and industrialization. The growing urbanization leads to growing tourism and hospitality industry. In addition, different industries like petroleum, mining, transportation, and pharmaceutical are growing due to rise in urbanization. The huge industrial sector requires the timely maintenance of industrial facilities, which drives the growth of the facility management services market. In addition, different organizations have goals regarding safeguarding their assets that require huge investment and safeguarding them requires maintenance solutions. This is expected to drive the growth of the market. Moreover, the development of mega projects in different countries is growing, which demands for timely maintenance owing to greater investment and spending. Hence, such investments are expected to drive the growth of the facility management services market.
However, adoption of outsourced facility management services over in-house facility management services restrains the growth of the facility management services market. In addition, lack of education in developing countries leads to lesser skilled workforce, which leads to low understanding of the facility management services. Hence, the lower awareness is expected to hamper the growth of the facility management services market.
On the contrary, security and maintenances services of commercial and residential buildings are improving, owing to rise in use of technology over the facility management systems. These systems provide smarter and safer solutions for maintenance. In addition, the government investment for infrastructure is improving, which leads to different initiatives including the maintenance services. Hence, the technological advancements and growing government investments are expected to offer lucrative opportunities for the facility management services market.
The facility management services market is segmented on the basis of service type, type, end user and region. By service type, the market is bifurcated into a property, cleaning, security, catering, and others. By type, the market is segmented into outsourced and in-house. By end user, the market is divided into commercial, institutional, public/ infrastructure, industrial, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Competition Analysis
The major players profiled in the facility management services market include, Group Atalian (Arthur McKay & Co Ltd.), BVG India Ltd., CBRE Group, Inc., EMCOR Group, Inc., ISS World Services A/S, Knight Facilities Management, Quess Corp Ltd., Sodexo, Inc., Downer Group (Spotless Group), and Tenon Group. Major companies in the market have adopted acquisition, partnership and agreement as their key developmental strategies to offer better products and services to customers in the Facility management services market.
Key Benefits For Stakeholders
- The report provides an extensive analysis of the current trends, future estimations, and dynamics of the facility management services market.
- In-depth facility management services market analysis is conducted by estimations for the key segments between 2021 and 2030.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of top competitors within the market framework.
- A comprehensive analysis of four major regions is provided to determine the prevailing opportunities.
- The market forecast analysis from 2021 to 2030 is included in the report.
- The key market players operating in the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the market industry.
Key Market Segments
By Service Type
- Cleaning
- Security
- Catering
- Others
- Property
By Type
- Outsourced
- In-house
By End-user
- Commercial
- Institutional
- Public/Infrastructure
- Industrial
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- U.K.
- Italy
- Rest of Europe
- Germany
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- BVG India
- Group Atalian (Arthur McKay & Co Ltd.)
- CBRE Group, Inc.
- EMCOR Group, Inc.
- ISS World Services A/S
- Knight Facilities Management
- Quess Corp Ltd
- Sodexo, Inc.
- Downer Group (Spotless Group)
- Tenon Group
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FACILITY MANAGEMENT SERVICES MARKET, BY SERVICE TYPE
CHAPTER 5: FACILITY MANAGEMENT SERVICES MARKET, BY TYPE
CHAPTER 6: FACILITY MANAGEMENT SERVICES MARKET, BY END-USER
CHAPTER 7: FACILITY MANAGEMENT SERVICES MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Facility Management Services Market,' the facility management services market size was valued at $1,253.30 billion in 2020, and is estimated to reach $2,525.10 billion by 2030, growing at a CAGR of 7.1% from 2021 to 2030.Facility management services grows the value of the property by offering different maintenance arrangements. Besides, these services offer the more vital returns over the real estate to land proprietors through organizational and value-added arrangements. The facility management services maintains the functional and monetary objectives of the owners. The services include applications, such as security, plumbing, electrical solutions, and cleaning for various purposes.
Rise in spending over construction projects drives the facility management services market growth. The growing investment is due to rise in demand for the development of commercial and residential properties. Such investments include services such as maintenance, cleaning and landscaping. Hence, the growing spending towards construction drives the growth of the market. In addition, the urban population in developing countries is on the rise. Countries such as India, Africa, and China demand for commercial and residential buildings owing to rise in urbanization. Moreover, this leads to the growth of various industries, including petroleum, mining, transportation, and pharmaceuticals. The growing industrial sector demands for maintenance operations of the facilities on timely basis. Hence, rise in urbanization drives the growth of the market. Moreover, awareness towards safeguarding the assets and properties by different companies and organizations is growing, which leads to adoption of maintenance and security solutions, which is expected to drive the growth of the facility management services market.
However, lack of education in different developing countries restrains the growth of the market. Lack of education leads to shortage of skilled workforce and low understanding of facility management services. In addition, many companies make use of outsourced facility management services instead of in-house services. Thus, hampering the growth of the market.
The outbreak of COVID-19 led to halt in logistic and manufacturing activities across the globe, which, in turn, led to interruption of supply chain, thereby hindering growth of the facility management services market. However, this situation is expected to improve as governments globally are relaxing norms for resuming business activities.
On the contrary, advancement of technology owing to use of Internet of Things (IoT) provides better security, which is predicted to create lucrative opportunities for companies operating in the market. In addition, different initiatives by governments lead to rise in investments over commercial and railway projects. This in turn, is expected to offer new opportunities for the facility management service providers.
The facility management services market is segmented on the basis of service type, type, end user, and region. By service type, the market is bifurcated into a property, cleaning, security, catering, and others. By type, the market is segmented into outsourced and in-house. By end user, the market is divided into commercial, institutional, public/ infrastructure, industrial, and others.
Region-wise, the facility management services market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Asia-Pacific was the highest contributor to the global Facility management services market share, and LAMEA is anticipated to secure a leading position during the forecast period.
The major players profiled in the facility management services industry include, Group Atalian (Arthur McKay & Co Ltd.), BVG India Ltd., CBRE Group, Inc., EMCOR Group, Inc., ISS World Services A/S, Knight Facilities Management, Quess Corp Ltd., Sodexo, Inc., Downer Group (Spotless Group), and Tenon Group. Major companies in the market have adopted acquisition, partnership and agreement as their key developmental strategies to offer better products and services to customers in the market.
Key findings of the Study
- The report provides an extensive analysis of the current and emerging global facility management services market trends and dynamics.
- By service type, the property segment was the largest revenue generator in 2020.
- By type, the in-house segment generated the highest revenue in 2020.
- By end user, the commercial segment dominated the market in 2020.
- Region-wise, Asia-Pacific is anticipated to dominate the facility management services industry during the forecast period.
- The global facility management services market opportunity analysis from 2021 to 2030 is included in the report.
Companies Mentioned
- BVG India
- Group Atalian (Arthur McKay & Co Ltd.)
- CBRE Group, Inc.
- EMCOR Group, Inc.
- ISS World Services A/S
- Knight Facilities Management
- Quess Corp Ltd
- Sodexo, Inc.
- Downer Group (Spotless Group)
- Tenon Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 240 |
| Published | April 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1253.3 billion |
| Forecasted Market Value ( USD | $ 2525.1 billion |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
