Global Facility Management Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Facility Management Services Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Facilities management services are the services that support the functionality, safety, and sustainability of buildings, grounds, infrastructure, and real estate. This includes maintenance and optimization of facilities, lease management, capital project planning and more.

Market Overview:

The latest research study on the global Facility Management Services market finds that the global Facility Management Services market reached a value of USD 1264061.14 million in 2022. It’s expected that the market will achieve USD 1654661.11 million by 2028, exhibiting a CAGR of 4.59% during the forecast period.

Emerging economies are developing rapidly, urbanization and industrialization are accelerating, and the facility management service market has great potential. Due to the relatively low degree of commercial and industrial standardization in emerging economies, and the acceptance of some end users for facility management services is not as good as that of developed countries, the overall development level of facility management services currently lags behind that of European and American countries. But in the future, with the rise of the economic strength of emerging economies and the recognition of outsourcing business, the market for facility management services in these regions will become more mature.

1 Drivers

The development of urbanization drives the facility management service market.
1.2 Increased business demand for facilities management services.
1.3 Under the goal of carbon neutrality, the demand for energy efficiency improvement brings new opportunities for facility management services.

2 Challenges

2.1 Lack of management awareness and standardization.
2.2 Integration of facility management service with legacy ERP systems.
2.3 Labor costs continue to rise.

3 Technology Status and Trends

3.1 Artificial intelligence, IoT and robotics bring new changes.
3.2 Development of software technology and digitalization.

Region Overview:

United States was the largest revenue market with a market share of 28.49% in 2017 and 27.55% in 2022. In 2022, Europe market share was 24.18%, ranking second.

Company Overview:

Facility Management Services companies are mainly from Europe and USA; the industry concentrate rate is not high. The market shares of the top three companies in 2021 was 2.11%. The top three companies are ISS, Sodexo, ABM Industries, with the revenue market share of 0.86%, 0.73% and 0.52% in 2021.

Segmentation Overview:

Outsourced FM
Outsourced facilities management services mean that organizations can choose to outsource their facility management to an external FM provider. Firms dedicated to facility management may be able to offer greater service and specialization than some firms can afford in-house, and secondly, have scale and organizational advantages.

In-house FM

In-house facility management services are where the demand side hires its own facility management personnel, or assigns different facility management responsibilities to an in-house team.

Among different product types, Outsourced FM segment is anticipated to contribute the largest market share in 2027.

Application Overview:

Commercial
Commercial facility management services keep customers' commercial facilities in optimal operating conditions so that their employees can operate with the highest performance. Commercial facility management services will obtain all contractors and management services in a one-stop solution. This will provide customers with integrated maintenance, and construction services for their business operations.
Covers office buildings occupied by business services (e.g., corporate offices of manufacturers, communication and IT, finance and insurance, property, and other service providers. Also covers shopping centers that include retail stores, restaurants, cafes, and factory outlets, wholesale stores in both central business district (CBD) and non-CBD locations, and warehouses.

Institutional

Healthcare covers public and private hospitals and aged care facilities; includes small- and mid-sized facilities that are intended to preserve mental and physical health by preventing or treating illnesses through services offered by health professionals. Education covers public and private education providers (e.g., universities, higher education colleges, primary/secondary schools, and other small- and mid-sized education facilities).

Public/ Infrastructure

Public covers government office buildings at federal, state, and local levels; office buildings for the performance of administrative work, defense facilities, social housing, justice department, and prisons are included in this market definition. Infrastructure refers to facilities that cover land, air, and water transportation such as airports, ports, roads, or rail works, as well as public and private utilities such as water supply and wastewater treatment, electricity and gas, and related operations and maintenance.

Industrial

Industrial facilities management services will see the rise of significant trends that will reduce delays, save money, and promote positive experiences for customers.
Covers small, medium, and large manufacturing businesses (e.g., industrial, food and beverage, metal, automotive, and chemical); includes equipment and parts manufacturers, paint producers, or sales representations of general industry with showrooms, laboratories, storage areas, and warehouses.

Also includes primary energy and resource sector (e.g.; coal, iron ore, other metal ore, or mineral mining, as well as oil and gas exploration); operations in remote mining camp sites and mining villages used to accommodate the workforce near mine sites are also included.

By application, the Commercialsegment occupied the biggest share from 2017 to 2022.

Key Companies in the global Facility Management Services market covered in Chapter 3:

Savills 
ISS
SIS Group
Dussmann Service
City Service SE
Sodexo
ABM Industries
Jones Lang LaSalle IP, Inc.
CBRE
EMCOR
Flexim International 
Atalian Servest Group Ltd.
Aramark
Aeon Delight
Cushman & Wakefield
Compass Group PLC
Transguard Group
BVG India Limited 

In Chapter 4 and Chapter 14.2, on the basis of types, the Facility Management Services market from 2018 to 2029 is primarily split into:

Outsourced FM
In-house FM

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Facility Management Services market from 2018 to 2029 covers:

Commercial
Institutional
Public/ Infrastructure
Industrial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)