Facility Management (FM) Market Size By Type (Outsourced, In-house), By Service (Hard Service [Electrical, Civil, Mechanical, Specialized Services], Soft Service [Cleaning, Laundry, Landscaping, Security], Management Service [Contract Management, Energy & Utilities, Maintenance Planning and Control]), By Application (Education, Commercial, Transportation, Industrial, Government & Public Sector, Healthcare and Others), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Oct 2020  |  Report ID: GMI4403  |  Authors: Preeti Wadhwani, Smriti Loomba

Report Format: PDF   |   Pages: 364   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Facility Management Market size exceeded USD 1 trillion in 2019 and is estimated to grow at around 5% CAGR between 2020 and 2026. Growing investments in the tourism sector are supporting the demand at restaurants, hotels, airports, and entertainment centers. Supportive government initiatives for the development of smart cities will also spur the market growth.
 

Facilities Management Market

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The COVID-19 pandemic is inflicted high human losses worldwide and necessary protection measures are severely impacting economic activities. Governments across the globe have imposed stringent lockdowns, resulting in travel restrictions. These restrictions have impeded the facilities management service providers to use their full workforce.
 

Growing emphasis on outsourcing the facilities management services is fueling the UK market revenue

The UK in-house service segment held over 40% of the facility management market share in 2019 driven by fixed costs associated with the management of facilities and rapidly changing business demands. In-house employees usually perform better than outsourced employees. In-house service may lead to a financial gain, improved customer satisfaction, and employee career prospects in the long run. Fixed cost and rising number of startups are enabling organizations to use in-house facility management services. The organizations focusing on employee retention are relying on in-house services.
 

Market growth for mechanical services in China is expected to surge

Facilities Management (FM) Market Size

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In China, mechanical facilities segment is poised to register a growth rate of above 5% through 2026 due to expanding manufacturing sector in the country. For instance, in the second quarter of 2019, China's manufacturing output increased at a rate of nearly 6% compared to the same period in the 2018. The increase in manufacturing facilities is resulting in the rising adoption of these services. The facility management services help businesses to manage the maintenance of different mechanical equipment’s such as boilers, diesel generators, and water pumps.
 

Supportive government initiatives are driving the Brazil market revenue

Brazil Facilities Management Market Share

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The Brazil healthcare sector is likely to capture more than 10% of the facility management market share in 2026 on account of government initiatives to improve healthcare centers. Healthcare centers must ensure that service requests are responded quickly & efficiently and must maintain preventive maintenance schedules to continue their operations without any interruption.
 

The ongoing COVID-19 pandemic has also exerted immense strain on hospitals and medical institutes to maintain a high level of hygiene and cleanliness in their premises.
 

Growing tourism industry in Europe is augmenting the facility management market outlook

Europe accounted for around 20% of the market revenue share in 2019 led by the growing tourism industry. The rising number of tourists in the region is enabling hotels, restaurants, shopping malls, and airports to outsource facilities management services to focus on service quality and efficiency. Moreover, outsourcing these services is helping tourism service providers to reduce costs & expenses associated with businesses in the long run. The growing demand from several industrial sectors in the region such as healthcare, government, corporate offices, and universities is also boosting the industry statistics.
 

Strategic acquisitions and partnerships remain key market growth strategies

The major industry players are acquiring other service providers to expand their capabilities and regional coverage. For instance, in February 2019, Cushman & Wakefield acquired Quality Solutions, Inc., a facility management enterprise. The acquisition helped the company to strengthen its presence across North America and improved its market position. This acquisition also helped the company to gain a competitive advantage over its competitors.
 

Some of the major companies operating in the facility management industry are Aramark, CB Richard Ellis (CBRE), Colliers International, Compass Group, Cushman & Wakefield, EMCOR Group, Inc, G4S plc, GDI Integrated Facility Services, Inc., IBM Corporation, Interserve PLC, ISS Facilities Services Inc., Jones Lang LaSalle Incorporated, OCS Group, Oracle Corporation, Planon Corporation, SAP SE, Serco Group, Sodexo, Tenon Group, and Veolia Environment.
 

This market research report on facility management (FM) includes in-depth coverage of the industry, with estimates & forecast in terms of revenue in USD from 2015 to 2026, for the following segments:

Market, By Type

  • Outsourced
  • In-house

Market, By Service

  • Hard Service
    • Electrical
    • Civil
    • Mechanical
    • Specialized Services
    • Others
  • Soft Service
    •  Cleaning
    • Laundry
    • Landscaping
    • Security
    • Others
  • Management Service
    • Contract Management
    • Energy & Utilities
    • Maintenance Planning & Control
    • Others

Market, By Application

  • Government & public sector
  • Industrial
  • Commercial
  • Education
  • Transportation
  • Healthcare
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
  • APAC
    • China
    • Japan
    • India
    • ANZ
    • South Korea
    • Singapore
    • Taiwan
  • LAMEA
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE
    • Qatar
       

Frequently Asked Questions (FAQ) :

Accumulating over USD 1 trillion in 2019, the market for facilities management will reach over 5% CAGR up to 2026 with increased demand from airports, hotels & restaurants and commercial spaces worldwide.
The demand for in-house facilities management in U.K. accounted for 40% of the global share in 2019, as these services offer better performance, cost savings and deliver enhanced customer satisfaction.
Mechanical facilities management industry in China will expand at nearly 5% CAGR through 2026 owing to gradual increase in manufacturing output and the need to outsource equipment maintenance at airports.
Healthcare sector in Brazil is expected to contribute over 10% of the global market share by 2026, with government initiatives to improve healthcare centers and to manage maintenance of critical equipment.
Europe held nearly 20% of the industry share 2019 due to a robust tourism sector, which has led to a high demand for facilities management services at airports, shopping malls, hotels and restaurants.

Premium Report Details

  • Published Date: Oct 2020
  • Pages: 364
  • Tables: 469
  • Charts / Figures: 28
  • Companies covered: 20
  • Countries covered: 24

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