Facility Management (FM) Services Market in Europe 2017-2021

Below are some of the key findings from this facility management services market analysis in Europe

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Facility management (FM) services market overview in Europe

Technavio has predicted the European facility management market to register a CAGR of around 11% by 2021. One of the key drivers for this market is the increased outsourcing of FM services. Outsourcing of FM services reduces a company's work pressure and helps in reducing several expenses. Outsourcing provides a wide range of advantages such as adaptability to changes in the market, cost reduction, focus on core development of the entire system, and effective use of resources within the company. Additionally, companies can also maximize their return on investment and avail high quality services by outsourcing their FM services.

One of the key trends being witnessed in the FM services market in Europe is the use of IoT and big data analytics for optimizing resources. IoT facilitates the real-time monitoring of processes and ensures better utilization of resources. Smart sensors can control basic building elements such as light and temperature and can manage the run-time of escalators and elevators. This consequently reduces energy consumption. Big data analytics makes use of the data collected through sensors, IoT, and other devices from various locations in a building and helps in analyzing the effective and efficient utilization of resources.

Competitive landscape and key vendors

The market is intensely competitive and consists of a few established local players who are constantly innovating and improving their services to bring about novel changes in the FM services market in Europe. The clients in this region are employing FM services to increase the ease of their business operations. The European facilities management companies must continuously innovate and strategize to gain a competitive advantage over other players.

The report offers a detailed analysis of several leading companies, including:

• Aramark
• ISS
• OCS
• Planon

The other prominent vendors in the market are Atkins, CBRE, Compass, and Sodexo.

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FM services market segmentation in Europe by services 

• Soft Services
• Hard Services

During 2016, the soft services segment accounted for the highest share of the FM services market in Europe. Soft services are flexible and make the workplace comfortable, pleasant, and secure. These benefits are expected to contribute to the growth of this industry segment in the coming years. These services include the business support services and activities such as maintenance, security, housekeeping of the workplace, and surroundings.

FM services market segmentation in Europe by end-user 

• Commercial buildings
• Government buildings
• Residential buildings

FM services provide clients with a single point contact for handling issues and offer quick solutions. The commercial building sector that includes corporate offices, retail buildings, healthcare buildings (hospitals and nursing homes), and hospitality buildings (hotels, restaurants, and lodges) accounted for the maximum share of the FM services market in Europe during 2016.

Key highlights of the FM services market in Europe​ for the forecast years 2017-2021:

• CAGR of the market during the forecast period 2017-2021
• Detailed information on factors that will accelerate the growth of the FM services​ market in Europe​ during the next five years
• Precise estimation of the FM services​ market size in Europe​ and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• Growth of the FM services​ industry across Europe
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of FM service companies

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