DUBLIN--(BUSINESS WIRE)--Nov 4, 2022--
The "Facilities Management: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Facilities Management Market to Reach $2.7 Trillion by 2027
In the changed post COVID-19 business landscape, the global market for Facilities Management estimated at US$1.5 Trillion in the year 2020, is projected to reach a revised size of US$2.7 Trillion by 2027, growing at a CAGR of 8.9% over the analysis period 2020-2027. Cloud, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach US$1.8 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premise segment is readjusted to a revised 7.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $429.9 Billion, While China is Forecast to Grow at 8.4% CAGR
The Facilities Management market in the U.S. is estimated at US$429.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$467.4 Billion by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 7.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR.
Select Competitors (Total 276 Featured) -
- ABM Industries Inc.
- Amey Plc
- Aramark Corporation
- Bellrock Limited
- Bilfinger Europa
- Bouygues Energies & Services
- CBRE Group Inc.
- Compass Group Plc
- Cushman & Wakefield
- Elior UK
- EMCOR Group Inc.
- ENGIE Services Inc.
- Etisalat Facilities Management L.L.C
- Fluor Corporation
- Globe Williams International
- Interserve Plc
- ISS UK
- Kier Group plc
- MITIE plc
- Turner Facilities Management Ltd.
- VINCI Facilities
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Facilities Management - Supporting Core Activities of Businesses
- Recent Market Activity
- Changing Work Culture in Modern Businesses Enhances Need for Efficient Facilities Management
- Facilities Management Market Positioned for STable Growth
- NoTable Trends in the Global FM Market - In a Nutshell
- Demand for FM Services Continues to Grow at a Strong Rate
- Developed Regions Lead, Emerging Economies Spearhead Future Growth
- Facilities Management - Global Key Competitors Percentage Market Share in 2022 (E)
- Positive Global Economy Buoys General Market Optimism
- Recovery in Construction Activity Worldwide Offer Bright Prospects for FM Market
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Cost Reduction - The Prime Driver
- Efficiency Enhancements - The Road to Success
- Changing Workplace Conditions Influence FM Market
- Facility Managers Focus on Specifically Designed Office Spaces As Remote Learning/Working Becomes the Norm
- IFM Services Spurs Demand for Multi-Service Providers
- Real Estate Sector and Residential Sectors to Benefit from Facility Management Services
- Venturing into New Verticals - A Competitive Strategy
- Technology Makes In-Roads into FM Space
- Technology to Continue Playing a Prominent Role in Outsourced FM Services
- Cloud Computing to Drive Adoption of FM Software
- Automation and Data Analysis - Vital for Next Generation FM Market
- IoT - Rising Prominence in Improving Efficiency of FM Services
- Big Data & Analytics - Enabling Smart Decision Making Process
- Technology Trends Driving Innovation in Facilities Management
- Rising Significance of Technology in Retail Facilities Management
- Technological Sustainability - An Important Trend in FM Market
- Increasing Reliance on Automation
- Data Security Gains Importance
- Workforce Integration and Total FM (TFM) Contracts
- Sustainable Building Practices Spur Growth
- Contract Cleaning: A STable & Growing Market
- Commercial Sector Leads Contract Cleaning Services Market
- Catering Services Market - Outsourcing Gains Prominence
- Healthcare Facilities Management Market - Promising Growth in Store
- Regulatory Compliance Needs Present Opportunities for FM Service Providers
- Challenges in Store
- Migration to FM: Not So Easy As it Seems!
- Facility Managers Themselves Pose a Risk
- Managing the Built Environment: Companies Doing It the Wrong Way!
- Market Maturity
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
IV. COMPETITION
Companies Mentioned
- ABM Industries Inc.
- Amey Plc
- Aramark Corporation
- Bellrock Limited
- Bilfinger Europa
- Bouygues Energies & Services
- CBRE Group Inc.
- Compass Group Plc
- Cushman & Wakefield
- Elior UK
- EMCOR Group Inc.
- ENGIE Services Inc.
- Etisalat Facilities Management L.L.C
- Fluor Corporation
- Globe Williams International
- Interserve Plc
- ISS UK
- Kier Group plc
- MITIE plc
- Turner Facilities Management Ltd.
- VINCI Facilities
For more information about this report visit https://www.researchandmarkets.com/r/2m8gei
View source version on businesswire.com:https://www.businesswire.com/news/home/20221104005380/en/
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