Global Facilities Management Market 2020-2027 - Changing Work Culture in Modern Businesses Enhances Need for Efficient Facilities Management

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Apr 27, 2021, 15:15 ET

DUBLIN, April 27, 2021 /PRNewswire/ -- The "Facilities Management - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Facilities Management -

Amid the COVID-19 crisis, the global market for Facilities Management estimated at US$1.4 Trillion in the year 2020, is projected to reach a revised size of US$3 Trillion by 2027, growing at a CAGR of 11.3% over the analysis period 2020-2027.

Commercial, one of the segments analyzed in the report, is projected to record a 12.5% CAGR and reach US$1.6 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 Government segment is readjusted to a revised 10.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $417.7 Billion, While China is Forecast to Grow at 10.8% CAGR

The Facilities Management market in the U.S. is estimated at US$417.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$522.6 Billion by the year 2027 trailing a CAGR of 10.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.1% and 9.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.

Residential Segment to Record 9% CAGR

In the global Residential segment, USA, Canada, Japan, China and Europe will drive the 8.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$212.1 Billion in the year 2020 will reach a projected size of US$385.3 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$351 Billion by the year 2027.

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
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

2. FOCUS ON SELECT PLAYERS

ABM Industries Incorporated (USA)
Amey Plc (UK)
Aramark Corporation (USA)
Bellrock Limited (UK)
Bilfinger Europa (UK)
Bouygues Energies & Services (UK)
CBRE Group, Inc. (USA)
Compass Group Plc (UK)
Cushman & Wakefield (USA)
Elior UK (UK)
EMCOR Group, Inc. (USA)
ENGIE Services, Inc. (Canada)
Etisalat Facilities Management L.L.C (UAE)
Fluor Corporation (USA)
Globe Williams International (Australia)
Interserve Plc (UK)
ISS UK (UK)
ISS A/S (Denmark)
Kier Group plc (UK)
MITIE plc (UK)
Sodexo S.A. (France)
Turner Facilities Management Ltd. (UK)
VINCI Facilities (UK)

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

IV. COMPETITION

Total Companies Profiled: 101

For more information about this report visit https://www.researchandmarkets.com/r/hk5y37

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