Global Facilities Management Market Growth (Status and Outlook) 2023-2029

Global Facilities Management Market Growth (Status and Outlook) 2023-2029

Facility management is a professional management discipline focused upon the efficient and effective delivery of support services for the organizations that it serves.

LPI (LP Information)' newest research report, the “Facilities Management Industry Forecast” looks at past sales and reviews total world Facilities Management sales in 2022, providing a comprehensive analysis by region and market sector of projected Facilities Management sales for 2023 through 2029. With Facilities Management sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Facilities Management industry.

This Insight Report provides a comprehensive analysis of the global Facilities Management landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Facilities Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Facilities Management market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Facilities Management and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Facilities Management.

The global Facilities Management market size is projected to grow from US$ 31370 million in 2022 to US$ 59510 million in 2029; it is expected to grow at a CAGR of 9.6% from 2023 to 2029.

Demand for reduced operational costs is driving the growth of the facilities management market worldwide, as is the increasing adoption of outsourced services by industrial applications. Delivery systems such as bundled facility management services and total facilities management services are adopted by companies to reduce costs and maintain centralized control through a complete service cycle. Adoption of facilities management services is expected to grow in the near term due to increasing awareness of facilities management services, and increasing cross-border presence of facility management service providers. Thus, cross-border mergers and acquisitions along with increased customer network and regional coverage can be foreseen as significant market opportunities for facilities management service providers. Economic pressure on companies is increasing due to operation and maintenance costs. In addition, companies strive to achieve reduction of capital expenditure and increased investments in core services which help drive demand for facilities management services. The increasing use of renewable energy sources to reduce the emission of greenhouse gases in manufacturing, corporate, and residential industries are driving the adoption of facilities management services across the world. As a result of the large-scale adoption of outsourced services, the facilities management market is expected to see flourishing growth.

This report presents a comprehensive overview, market shares, and growth opportunities of Facilities Management market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Plumbing, Air Conditioning Maintenance
Fire Protection Systems
Mechanical and Electrical Maintenance
Cleaning and Pest Control
Laundry

Segmentation by application
Corporate
Government and Public
Healthcare
Manufacturing
Residential and Educational

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bilfinger HSG Facility Management GmbH
Cofely
Compass Group PLC
Cresa, LLC
Ecolab USA Inc.
GDI Integrated Facility Services
G4S plc.
Mitie Group PLC
Sodexo, Inc.
ISS World Services

Please note: The report will take approximately 2 business days to prepare and deliver.