“Facility Management Services Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on facility management services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for facility management services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The facility management services market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Service Type: Hard Services; Soft Services; Other Services
- 2) By Component: Solutions; Services
- 3) By Deployment Mode: Cloud; On-premises
- 4) By Organization Size: Small and Medium Enterprises (SMEs); Large Enterprise
- 5) By Industry Vertical: Healthcare; Government; Education; Military And Defense; Real Estate; Other Industry Verticals
- Companies Mentioned: Atalian Servest AMK Limited; BVG India Limited; CBRE Group Inc.; EMCOR Group Inc.; ISS A/S World
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the facility management services market are Atalian Servest AMK Limited, BVG India Limited, CBRE Group Inc., EMCOR Group Inc., ISS A/S World, Knight FM, Quess Corporation Ltd., Sodexo Inc., Spotless Group Holdings Limited, Tenon Group (Tenon Facility Management India Pvt. Ltd.), QuickFMS, Nuvolo Technologies India Pvt Ltd., InnoMaint, eFACiLiTY, and FacilityONE Technologies LLC.
The global facility management services market is expected to grow from $1,361.71 billion in 2022 to $1,562.42 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The facility management services market is expected to reach $2,557.57 billion in 2027 at a CAGR of 13.1%.
The facility management services include the revenues earned by operations and security management, facility environment management, facility property management, contract management, and maintenance planning and control. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Facility management services refers to a process that integrate people, place, process, and technology to assure the functionality, comfort, safety, and efficiency of buildings and grounds, infrastructure, and real estate. It entails using an outside service provider to manage and maintain the building, and to perform several non-core business duties for the corporation.
North America was the largest region in the facility management services market in 2022. The regions covered in the facility management service report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main service types of the facility management services market are hard services, soft services and others. Hard services refer to a part of the building's structural framework that cannot be removed. The components are solutions and services that are deployed through the cloud and on-premises. The organization size involves SMEs and large enterprises, and these services are used by healthcare, government, education, military and defense, real estate and others.
Increasing smart city initiatives is expected to propel the growth of the facility management services market going forward. Several government initiatives are being introduced by various countries for the development of smart cities. Facility management services support smart cities by providing innovative information and communication technologies (ICTs) to the field of Urban Facility Management (UFM) and new possibilities for optimizing existing services and for developing new services based on the Internet of Things (IoT), Big Data, information sharing, and smart applications. For instance, in 2021, according to IBEF, the Government of India invested a total of Rs 205,018 crore (US$ 28.31 billion) for the smart city mission in 2020. Furthermore, in January 2020, according to the Smart America Challenge, a presidential innovation fellows organisation, city governments in the United States will invest over $41 trillion over the next 20 years to improve infrastructure and take use of IoT technology. With these massive investments, the Internet of Things will drastically improve the quality of life for city residents. Therefore, increasing the adoption of the smart city concept drives thefacility management services market.
Technological innovations have emerged as a key trend gaining popularity in the facility management services market. Companies are expanding their service portfolios by integrating technologies into their offerings. Large businesses frequently use innovative technologies, such as BIM (Building Information Modeling), to deliver hard and soft services, enabling them to offer better and upgraded services. For instance, in March 2022, Compass Group, a UK-based company operating in facility management services, introduced Saarthi-FX, a fully digital one-stop solution. This solution reimagines workplace interactions with facilty management and seeks to transform the conventional workspace through artificial intelligence and predictive modeling to improve office asset management and offer employees a smarter, safer, and more effective workspace. This also provides seamless customer assistance around-the-clock, integrates technology, people, and processes in ways that give an exceptional employee experience, and converts conventional workspaces into tech-enabled spaces.
In April 2021, MRI Software, a US-based real estate software solutions company, acquired Trimble's real estate and workplace software businesses for an undisclosed amount. With this acquisition, MRI's workplace management system offers strong space scheduling, booking, and facilities management capabilities that complement its all-inclusive lease accounting and administration solutions for commercial real estate owners, operators, and occupiers. Trimble is a US-based software, hardware, and service technology company operating in facility management services.
The countries covered in the facility management service market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The facility management services market research report is one of a series of new reports from The Business Research Company that provides facility management services market statistics, including facility management services industry global market size, regional shares, competitors with a facility management services market share, detailed facility management services market segments, market trends and opportunities, and any further data you may need to thrive in the facility management services industry. This facility management services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Facility Management Services Market Characteristics
3. Facility Management Services Market Trends And Strategies
4. Facility Management Services Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Facility Management Services Market
- 4.2. Ukraine-Russia War Impact On Facility Management Services Market
- 4.3. Impact Of High Inflation On Facility Management Services Market
5. Facility Management Services Market Size And Growth
- 5.1. Global Facility Management Services Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Facility Management Services Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Facility Management Services Market Segmentation
- 6.1. Global Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Hard Services
- Soft Services
- Other Services
- 6.2. Global Facility Management Services Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Solutions
- Services
- 6.3. Global Facility Management Services Market, Segmentation By Deployment Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Cloud
- On-premises
- 6.4. Global Facility Management Services Market, Segmentation By Organization Size, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Small and Medium Enterprises (SMEs)
- Large Enterprise
- 6.5. Global Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Healthcare
- Government
- Education
- Military And Defense
- Real Estate
- Other Industry Vertical
7. Facility Management Services Market Regional And Country Analysis
- 7.1. Global Facility Management Services Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Facility Management Services Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Facility Management Services Market
- 8.1. Asia-Pacific Facility Management Services Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Facility Management Services Market
- 9.1. China Facility Management Services Market Overview
- 9.2. China Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Facility Management Services Market
- 10.1. India Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Facility Management Services Market
- 11.1. Japan Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Facility Management Services Market
- 12.1. Australia Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Facility Management Services Market
- 13.1. Indonesia Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Facility Management Services Market
- 14.1. South Korea Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Facility Management Services Market
- 15.1. Western Europe Facility Management Services Market Overview
- 15.2. Western Europe Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Facility Management Services Market
- 16.1. UK Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Facility Management Services Market
- 17.1. Germany Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Facility Management Services Market
- 18.1. France Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Facility Management Services Market
- 19.1. Eastern Europe Facility Management Services Market Overview
- 19.2. Eastern Europe Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Facility Management Services Market
- 20.1. Russia Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Facility Management Services Market
- 21.1. North America Facility Management Services Market Overview
- 21.2. North America Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Facility Management Services Market
- 22.1. USA Facility Management Services Market Overview
- 22.2. USA Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Facility Management Services Market
- 23.1. South America Facility Management Services Market Overview
- 23.2. South America Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Facility Management Services Market
- 24.1. Brazil Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Facility Management Services Market
- 25.1. Middle East Facility Management Services Market Overview
- 25.2. Middle East Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Facility Management Services Market
- 26.1. Africa Facility Management Services Market Overview
- 26.2. Africa Facility Management Services Market, Segmentation By Service Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Facility Management Services Market, Segmentation By Industry Vertical, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Facility Management Services Market Competitive Landscape And Company Profiles
- 27.1. Facility Management Services Market Competitive Landscape
- 27.2. Facility Management Services Market Company Profiles
- 27.2.1. BVG India Limited
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. CBRE Group Inc.
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. EMCOR Group Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. ISS A/S World
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Knight FM
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Facility Management Services Market
29. Facility Management Services Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer