Facility Management Services Market size in North America to grow at a CAGR of 7.69% from 2022 to 2027, Driven by the growth in infrastructure development - Technavio

NEW YORK, April 17, 2023 /PRNewswire/ -- The facility management services market size in North America is forecast to increase by USD 114.36 billion from 2022 to 2027, at a CAGR of 7.69%, according to the recent market study by Technavio. The growth of the market will be driven by the growth in infrastructure development, the rising outsourcing activities in building management, and the growing need for safety and security. To gain more insights on market size and other market parameters during the historic period (2017-2021) and forecast period (2023-2027), Request a Sample Report!

Facility management services market in North America Vendor Analysis:

The facility management services market in North America is highly fragmented. Small and medium-sized unorganized players with few clients and services dominated the market in the past. The growth in office space and the creation of more integrated facilities and campuses have created growth opportunities for more organized players. Technavio has extensively analyzed 15 major vendors, including Aramark, BGIS Global Integrated Solutions, Colliers International Property Consultants Inc., Compass Group Plc, Downer EDI Ltd., EMCOR Group Inc., Emeric Facility Services, GDI Integrated Facility Services, Global Facility Management and Construction Inc., ISS AS, Knight FM, Mace Group, Quess Corp. Ltd., SMI Facility Services, Sodexo SA, BVG India Ltd., CBRE Group Inc., Cushman and Wakefield Plc, Jones Lang LaSalle Inc., and Tenon Facility Management Pvt. Ltd.

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Vendor Offerings -

• Aramark - The company offers cloud performance management services such as TrueSight operations management, BMC AMI data for Db2, and BMC AMI data for IMS.
• BGIS Global Integrated Solutions - The company offers cloud performance management services such as complex hybrid-cloud and software-defined networks.
• Colliers International Property Consultants Inc. - The company offers cloud performance management platform such as AppDynamics.

Key Benefits for Industry Players & Stakeholders – 

• The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
• It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
• The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

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Market Segmentation:

This North America facility management services market report extensively covers market segmentation by end-user (commercial buildings, government buildings, and residential buildings), and service (soft services and hard services).

• The market share growth of the commercial buildings segment is significant for the market growth during the forecast period. This segment includes buildings like office, hospitality, retail, and healthcare buildings. Office buildings make up the majority of the commercial buildings segment among end-user sub-segments owing to the growing demand for a convenient, secure, and safe workplace. Facility management services have increased in North America because there are many office buildings in the region, especially in the US. Hence, it is anticipated that a number of corporate offices, business parks, and other office buildings will be constructed in the North American region, increasing the demand for effectively managed facilities during the forecast period. 

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Market Dynamics:

Key DRIVERS:

• A major driver fueling the growth of the market is the growing need for safety and security.
• As a result of the rise in security threats, businesses and other organizations in North America are putting a greater emphasis on safety and security measures and turning to facility management services to provide these services.
• Hence, buildings, offices, and infrastructure are overseen and kept up with as a component of office to keep tenants and clients free from safety and security threats.
• Thus, such factors are expected to drive the growth of the North America facility management services market during the forecast period.

Major Trends:

• The growing demand for eco-friendly cleaning products is an emerging trend in the market that is expected to fuel the market growth. 
• As consumers and businesses are becoming more aware of the negative effects of conventional cleaning products on the environment and public health, the demand for cleaning products made from natural, non-toxic, and biodegradable ingredients has increased. 
• As a result, various facility management companies in North America are adapting to this trend by providing eco-friendly cleaning supplies and services. 
• Moreover, they are putting into practice eco-friendly cleaning techniques that emphasize on minimizing the use of dangerous chemicals, saving energy, and reducing waste.
• Hence, owing to the conscious consumers and building owners, such factors are expected to drive the growth of the regional market during the forecast period.

Key Challenges:

• A major challenge impeding the market growth for facility management services in North America is the lack of skilled labor. 
• Some of the components of facility management include maintenance and repair of building systems, cleaning and sanitation, security, and other related services. These jobs call for specialized training, expertise, and knowledge and since there aren't enough skilled workers in the facility management sector, this shortage is likely to persist in the future.
• The shortage of skilled labor includes an aging workforce, the low number of young people entering the sector, and competition for talent from other sectors.
• High labor cost to retain and recruit skilled labor, declining quality of services due to unskilled labor and lack of training are the reasons that hamper the market growth during the forecast period.

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What are the key data covered in this Facility Management Services Market In North America report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Facility Management Services Market In North America between 2023 and 2027
• Precise estimation of the size of the Facility Management Services Market In North America and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Facility Management Services Market across North America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Facility Management Services Market In North America vendors

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Related Reports:

• The enterprise performance management market is projected to grow by USD 2.23 billion with a CAGR of 7.31% during the forecast period 2021 to 2026. Furthermore, this report extensively covers the enterprise performance management market segmentation by end-user (BFSI, telecom and IT, manufacturing, healthcare, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). Increased demand for cloud-based enterprise performance management applications is one of the key factors driving the enterprise performance management market growth. 
• The Facility Management Services Market size in India is estimated to grow at a CAGR of 15.23% between 2022 and 2027 and the size of the market is forecast to increase by USD 16.32 billion. This report extensively covers market segmentation by service (soft services and hard services) and end-user (IIBB, manufacturing, infrastructure, healthcare, and retail and others). Rising levels of outsourcing in building management are the key factor driving the India Facility Management Services Market growth. 

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Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on North America: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ billion)

4 Historic Market Size

• 4.1 Facility management services market in North America 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Facility management services market in North America 2017 - 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.3 Service Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Service Segment 2017 - 2021 ($ billion)

• 4.4 Country Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 22: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 25: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 26: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 27: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 29: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 30: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 31: Chart on Comparison by End-user
• Exhibit 32: Data Table on Comparison by End-user

• 6.3 Commercial buildings - Market size and forecast 2022-2027 
• Exhibit 33: Chart on Commercial buildings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 34: Data Table on Commercial buildings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Chart on Commercial buildings - Year-over-year growth 2022-2027 (%)
• Exhibit 36: Data Table on Commercial buildings - Year-over-year growth 2022-2027 (%)

• 6.4 Government buildings - Market size and forecast 2022-2027 
• Exhibit 37: Chart on Government buildings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 38: Data Table on Government buildings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Chart on Government buildings - Year-over-year growth 2022-2027 (%)
• Exhibit 40: Data Table on Government buildings - Year-over-year growth 2022-2027 (%)

• 6.5 Residential buildings - Market size and forecast 2022-2027 
• Exhibit 41: Chart on Residential buildings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 42: Data Table on Residential buildings - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Chart on Residential buildings - Year-over-year growth 2022-2027 (%)
• Exhibit 44: Data Table on Residential buildings - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 45: Market opportunity by End-user ($ billion)
• Exhibit 46: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Service

• 7.1 Market segments
• Exhibit 47: Chart on Service - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Service - Market share 2022-2027 (%)

• 7.2 Comparison by Service 
• Exhibit 49: Chart on Comparison by Service
• Exhibit 50: Data Table on Comparison by Service

• 7.3 Soft services - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Soft services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Soft services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Soft services - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Soft services - Year-over-year growth 2022-2027 (%)

• 7.4 Hard services - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Hard services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Hard services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Hard services - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Hard services - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Service 
• Exhibit 59: Market opportunity by Service ($ billion)
• Exhibit 60: Data Table on Market opportunity by Service ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 62: Chart on Market share by geography - 2022-2027 (%)
• Exhibit 63: Data Table on Market share by geography - 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 64: Chart on Geographic comparison
• Exhibit 65: Data Table on Geographic comparison

• 9.3 US - Market size and forecast 2022-2027 
• Exhibit 66: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.4 Canada - Market size and forecast 2022-2027 
• Exhibit 70: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 73: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.5 Mexico - Market size and forecast 2022-2027 
• Exhibit 74: Chart on Mexico - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Data Table on Mexico - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Chart on Mexico - Year-over-year growth 2022-2027 (%)
• Exhibit 77: Data Table on Mexico - Year-over-year growth 2022-2027 (%)

• 9.6 Market opportunity by geography 
• Exhibit 78: Market opportunity by geography ($ billion)
• Exhibit 79: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 80: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 81: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 82: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 83: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 84: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 85: Matrix on vendor position and classification

• 12.3 Aramark
• Exhibit 86: Aramark - Overview
• Exhibit 87: Aramark - Business segments
• Exhibit 88: Aramark - Key offerings
• Exhibit 89: Aramark - Segment focus

• 12.4 BGIS Global Integrated Solutions 
• Exhibit 90: BGIS Global Integrated Solutions - Overview
• Exhibit 91: BGIS Global Integrated Solutions - Product / Service
• Exhibit 92: BGIS Global Integrated Solutions - Key offerings

• 12.5 BVG India Ltd.
• Exhibit 93: BVG India Ltd. - Overview
• Exhibit 94: BVG India Ltd. - Product / Service
• Exhibit 95: BVG India Ltd. - Key offerings

• 12.6 CBRE Group Inc.
• Exhibit 96: CBRE Group Inc. - Overview
• Exhibit 97: CBRE Group Inc. - Business segments
• Exhibit 98: CBRE Group Inc. - Key offerings
• Exhibit 99: CBRE Group Inc. - Segment focus

• 12.7 Colliers International Property Consultants Inc. 
• Exhibit 100: Colliers International Property Consultants Inc. - Overview
• Exhibit 101: Colliers International Property Consultants Inc. - Product / Service
• Exhibit 102: Colliers International Property Consultants Inc. - Key offerings

• 12.8 Compass Group Plc
• Exhibit 103: Compass Group Plc - Overview
• Exhibit 104: Compass Group Plc - Business segments
• Exhibit 105: Compass Group Plc - Key offerings
• Exhibit 106: Compass Group Plc - Segment focus

• 12.9 Cushman and Wakefield Plc 
• Exhibit 107: Cushman and Wakefield Plc - Overview
• Exhibit 108: Cushman and Wakefield Plc - Business segments
• Exhibit 109: Cushman and Wakefield Plc - Key offerings
• Exhibit 110: Cushman and Wakefield Plc - Segment focus

• 12.10 EMCOR Group Inc.
• Exhibit 111: EMCOR Group Inc. - Overview
• Exhibit 112: EMCOR Group Inc. - Business segments
• Exhibit 113: EMCOR Group Inc. - Key offerings
• Exhibit 114: EMCOR Group Inc. - Segment focus

• 12.11 GDI Integrated Facility Services 
• Exhibit 115: GDI Integrated Facility Services - Overview
• Exhibit 116: GDI Integrated Facility Services - Product / Service
• Exhibit 117: GDI Integrated Facility Services - Key offerings

• 12.12 Global Facility Management and Construction Inc. 
• Exhibit 118: Global Facility Management and Construction Inc. - Overview
• Exhibit 119: Global Facility Management and Construction Inc. - Product / Service
• Exhibit 120: Global Facility Management and Construction Inc. - Key offerings

• 12.13 ISS AS
• Exhibit 121: ISS AS - Overview
• Exhibit 122: ISS AS - Business segments
• Exhibit 123: ISS AS - Key news
• Exhibit 124: ISS AS - Key offerings
• Exhibit 125: ISS AS - Segment focus

• 12.14 Knight FM
• Exhibit 126: Knight FM - Overview
• Exhibit 127: Knight FM - Product / Service
• Exhibit 128: Knight FM - Key offerings

• 12.15 Mace Group
• Exhibit 129: Mace Group - Overview
• Exhibit 130: Mace Group - Product / Service
• Exhibit 131: Mace Group - Key offerings

• 12.16 Quess Corp. Ltd.
• Exhibit 132: Quess Corp. Ltd. - Overview
• Exhibit 133: Quess Corp. Ltd. - Business segments
• Exhibit 134: Quess Corp. Ltd. - Key offerings
• Exhibit 135: Quess Corp. Ltd. - Segment focus

• 12.17 Sodexo SA
• Exhibit 136: Sodexo SA - Overview
• Exhibit 137: Sodexo SA - Business segments
• Exhibit 138: Sodexo SA - Key news
• Exhibit 139: Sodexo SA - Key offerings
• Exhibit 140: Sodexo SA - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 141: Inclusions checklist
• Exhibit 142: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 143: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 144: Research methodology
• Exhibit 145: Validation techniques employed for market sizing
• Exhibit 146: Information sources

• 13.5 List of abbreviations 
• Exhibit 147: List of abbreviations 

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