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

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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