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Facilities Management Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR43474
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The facilities management market share is expected to increase by USD 660.29 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.3%.

This facilities management market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers facilities management market segmentations by end-user (commercial, government, and residential) and geography (Europe, North America, APAC, South America, and MEA). The facilities management market report also offers information on several market vendors, including Aramark Corp., International Business Machines Corp., Interserve Group Ltd., ISS AS, Johnson Controls International Plc, OCS Group Ltd., SAP SE, SIS Ltd., Serco Group Plc, and Sodexo Group among others.

What will the Facilities Management Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Facilities Management Market Size for the Forecast Period and Other Important Statistics

 

Facilities Management Market: Key Drivers, Trends, and Challenges

The increasing demand for cloud-based facility management solutions is notably driving the facilities management market growth, although factors such as may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the facilities management market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Facilities Management Market Driver

One of the key factors driving the facilities management market is the increasing demand for cloud-based facility management solutions. The bourgeoning demand for modern, technologically advanced solutions in the global facilities management market has led to a significant rise in the number of cloud computing solutions in the market. Moreover, cloud-based solutions are increasingly being used to integrate facility management services, as they offer a reliable means of hosting facility management software. Cloud-based facility management solutions enable secure hosting of critical data along with numerous advantages such as improved security and scalability, and quicker disaster recovery. Cloud computing offers a cost-effective solution that enables companies to recover critical server data from backups stored on a shared or private cloud host platform. The data can be accessed via secure logins from any place in the world with a stable internet connection. Furthermore, these solutions allow companies to increase security and collaboration among their teams and subsidiaries present in multiple locations, thereby reducing the operating costs incurred by the organization, which further drives the growth of the market.

Key Facilities Management Market Trend

Adoption of green cleaning products is another factor supporting the facilities management market growth in the forecast period. Increasing awareness of the benefits of green and eco-friendly products among commercial and industrial users has encouraged vendors to offer green and sustainable cleaning agents. Green cleaning products refer to cleaning agents and methods that do not release harmful aerosols or wastes that can be detrimental to users and the environment. Furthermore, green cleaning services are cost-effective as they save resources, such as energy, water, and chemicals, and do not lead to environmental pollution. They are also safe to use as green products do not involve toxic chemicals or corrosive materials. These products can be derived from natural essential oils, such as basil, lavender, lemon, and other plant sources, which are non-toxic, biodegradable, and at the same time, enable effective cleaning. Therefore, the increasing adoption of green and sustainable cleaning methods and products will have a positive impact on the global facilities management market.

Key Facilities Management Market Challenge

Rise in budgetary constraints will be a major challenge for the facilities management market during the forecast period. Small organizations, especially in the growing economies, face huge budget shortages and often rely on funds provided by investors and venture capitalists (VCs). These budgetary constraints refrain them from opting for facility management solutions from well-established and trustworthy companies, thereby resulting in the procurement of low-quality services. This, in turn, will affect the organization's overall facility management capabilities. These low-quality facility management solutions often result in high maintenance and operation cost, thereby affecting the company's profitability. In addition, rising labor costs are another major factor that hampers the growth of the market during the forecast period. This factor is more prominent in the North American region. The steady rise in costs associated with training and retaining skilled personnel within the organization further impedes the growth of the market. Also, aging assets used by organizations lead to excessive energy consumption in the building. Therefore, replacement and maintenance of these assets further add to the operational costs of the company. In such cases, effective facility management becomes obsolete, as it results in a high cost of maintenance.

This facilities management market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global facilities management market as a part of the global environmental and facilities services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the facilities management market during the forecast period.

Who are the Major Facilities Management Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aramark Corp.
  • International Business Machines Corp.
  • Interserve Group Ltd.
  • ISS AS
  • Johnson Controls International Plc
  • OCS Group Ltd.
  • SAP SE
  • SIS Ltd.
  • Serco Group Plc
  • Sodexo Group

 

This statistical study of the facilities management market encompasses successful business strategies deployed by the key vendors. The facilities management market is fragmented and the vendors are deploying growth strategies such as price, service, and brand name recognition to compete in the market.

Product Insights and News

  • Aramark Corp. - The company provides facilities management services for higher education, healthcare, K12 and workplace.
  • International Business Machines Corp. - The company provides facilities management such as real estate and facilities management solutions, facilities management and software solutions, integrated workplace management system, occupancy, and space management.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The facilities management market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Facilities Management Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the facilities management market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of global environmental and facilities services market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

 

Which are the Key Regions for Facilities Management Market?

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43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for facilities management market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rapid growth in the IT sectors such as the ICT and the BFSI sectors will facilitate the facilities management market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The facilities management market in APAC has witnessed a slow growth in 2020, due to the outbreak of COVID-19. The facilities management (FM) market within the APAC countries such as Thailand, Vietnam, the Philippines, Indonesia, Malaysia, and Singapore witnessed decline in 2020. This is attributed to the imposition of lockdowns that affected the businesses. The slowdown in the value chain is expected to hamper the delivery of FM services to new buildings for the coming year, but would recover thereafter. However, FM services such as sanitization have become essential as the market is expected to reach pre-pandemic levels by 2023 and grow steadily thereafter.

What are the Revenue-generating End-user Segments in the Facilities Management Market?

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The facilities management market share growth by the end-user segments.Commercial segment will be significant during the forecast period. The commercial segment is one of the major contributors to the global facilities management market, with the major demand for facility management arising from the business services sector, information technology (IT) sector, industrial and manufacturing sector, real estate sector, and healthcare sector. The rise in the number of multinational conglomerates (MNCs) and small and medium businesses (SMBs) has increased the demand for commercial office spaces in both developed and developing countries, which, in turn, is expected to drive the demand for facility management.

This report provides an accurate prediction of the contribution of all the segments to the growth of the facilities management market size and actionable market insights on post COVID-19 impact on each segment.

 

Facilities Management Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.3%

Market growth 2021-2025

$ 660.29 billion

Market structure

Fragmented

YoY growth (%)

4.07

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aramark Corp., International Business Machines Corp., Interserve Group Ltd., ISS AS, Johnson Controls International Plc, OCS Group Ltd., SAP SE, SIS Ltd., Serco Group Plc, and Sodexo Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Facilities Management Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive facilities management market growth during the next five years
  • Precise estimation of the facilities management market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the facilities management industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of facilities management market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Environmental and facilities services

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Commercial - Market size and forecast 2020-2025
      • Exhibit 17: Commercial - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 18: Commercial - Year-over-year growth 2020-2025 (%)
    • 5.4 Government - Market size and forecast 2020-2025
      • Exhibit 19: Government - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 20: Government - Year-over-year growth 2020-2025 (%)
    • 5.5 Residential - Market size and forecast 2020-2025
      • Exhibit 21: Residential - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 22: Residential - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by End-user
      • Exhibit 23: Market opportunity by End-user

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 29: North America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 31: Europe - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ billion)
      • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 37: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 38: Market opportunity by geography ($ billion)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 39: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Vendor landscape
          • Exhibit 40: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 41: Landscape disruption
          • Exhibit 42: Industry risks
        • 9.3 Competitive scenario

          10 Vendor Analysis

          • 10.1 Vendors covered
            • Exhibit 43: Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 44: Market positioning of vendors
          • 10.3 Aramark Corp.
            • Exhibit 45: Aramark Corp. - Overview
            • Exhibit 46: Aramark Corp. - Business segments
            • Exhibit 47: Aramark Corp. - Key news
            • Exhibit 48: Aramark Corp. - Key offerings
            • Exhibit 49: Aramark Corp. - Segment focus
          • 10.4 International Business Machines Corp.
            • Exhibit 50: International Business Machines Corp. - Overview
            • Exhibit 51: International Business Machines Corp. - Business segments
            • Exhibit 52: International Business Machines Corp. - Key offerings
            • Exhibit 53: International Business Machines Corp. - Segment focus
          • 10.5 Interserve Group Ltd.
            • Exhibit 54: Interserve Group Ltd. - Overview
            • Exhibit 55: Interserve Group Ltd. - Business segments
            • Exhibit 56: Interserve Group Ltd - Key news
            • Exhibit 57: Interserve Group Ltd. - Key offerings
            • Exhibit 58: Interserve Group Ltd. - Segment focus
          • 10.6 ISS AS
            • Exhibit 59: ISS AS - Overview
            • Exhibit 60: ISS AS - Product and service
            • Exhibit 61: ISS AS - Key news
            • Exhibit 62: ISS AS - Key offerings
          • 10.7 Johnson Controls International Plc
            • Exhibit 63: Johnson Controls International Plc - Overview
            • Exhibit 64: Johnson Controls International Plc - Business segments
            • Exhibit 65: Johnson Controls International Plc - Key news
            • Exhibit 66: Johnson Controls International Plc - Key offerings
            • Exhibit 67: Johnson Controls International Plc - Segment focus
          • 10.8 OCS Group Ltd.
            • Exhibit 68: OCS Group Ltd. - Overview
            • Exhibit 69: OCS Group Ltd - Product and service
            • Exhibit 70: OCS Group Ltd. - Key news
            • Exhibit 71: OCS Group Ltd. - Key offerings
          • 10.9 SAP SE
            • Exhibit 72: SAP SE - Overview
            • Exhibit 73: SAP SE - Business segments
            • Exhibit 74: SAP SE - Key news
            • Exhibit 75: SAP SE - Key offerings
            • Exhibit 76: SAP SE - Segment focus
          • 10.10 SIS Ltd.
            • Exhibit 77: SIS Ltd. - Overview
            • Exhibit 78: SIS Ltd. - Business segments
            • Exhibit 79: SIS Ltd. - Key offerings
            • Exhibit 80: SIS Ltd. - Segment focus
          • 10.11 Serco Group Plc
            • Exhibit 81: Serco Group Plc - Overview
            • Exhibit 82: Serco Group Plc - Business segments
            • Exhibit 83: Serco Group Plc - Key news
            • Exhibit 84: Serco Group Plc - Key offerings
            • Exhibit 85: Serco Group Plc - Segment focus
          • 10.12 Sodexo Group
            • Exhibit 86: Sodexo Group - Overview
            • Exhibit 87: Sodexo Group - Business segments
            • Exhibit 88: Sodexo Group - Key news
            • Exhibit 89: Sodexo Group - Key offerings
            • Exhibit 90: Sodexo Group - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 91: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 92: Research Methodology
              • Exhibit 93: Validation techniques employed for market sizing
              • Exhibit 94: Information sources
            • 11.4 List of abbreviations
              • Exhibit 95: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            The facilities management market market growth will increase by $$ 660.29 bn during 2022-2025.
            The facilities management market market is expected to grow at a CAGR of 8.3% during 2022-2025.
            Technavio has segmented the facilities management market market by end-user (commercial, government, and residential) and geography (Europe, North America, APAC, South America, and MEA).
            Aramark Corp., International Business Machines Corp., Interserve Group Ltd., ISS AS, Johnson Controls International Plc, OCS Group Ltd., SAP SE, SIS Ltd., Serco Group Plc, Sodexo Group are a few of the key vendors in the facilities management market market.
            APAC will register the highest growth rate of 43% among the other regions. Therefore, the facilities management market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the facilities management market market growth are:
            • Increasing demand for cloud-based facility management solutions
            The facilities management market market vendors should focus on grabbing business opportunities from the commercial segment as it accounted for the largest market share in the base year.
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