Report Code: CMI21005

Published Date: November 2022

Pages: 220+

Category: Technology

Report Snapshot

CAGR: 12.5%
48.49B
2021
56.62B
2022
121.73B
2030

Source: CMI

Study Period: 2022-2030
Fastest Growing Market: Asia Pacific
Largest Market: Europe

Major Players

  • Sodexo
  • CBRE Group Inc
  • ISS A/S
  • Compass Group
  • Aramark
  • Others

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Reports Description

According to Custom Market Insights (CMI), The Global Facility Management Market size was estimated at USD 48.49 Billion in 2021 and is expected to hit around USD 121.73 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 12.5% from 2022 to 2030.  

According to the International Facility Management Association (IFMA), facility management is an integration of the physical workplace with an organization’s people and work, including the maintenance of equipment, planning, and spaces, and portfolio forecasting.

Facility management ensures the functionality, comfort, safety, sustainability, and efficiency of the building and the surrounding infrastructure of the work. It is a discipline of an organization that integrates people, processes, and the place within the work environment to improve the quality of life of the people and enhance the productivity of the core business.

The facility management services include emergency preparation and business continuity, environmental sustainability, human aspects, communication, project management, leadership, and strategy. In the building era of Urbanization and industrialization, facility management is the most growing and demanding sector as it has provided maintenance assistance, user management, and project management for the last two decades. 

There are two areas of facility management: complex facilities management (hard FM) and soft facilities management (smooth FM). The Hard FM includes physical assets like plumbing, wiring, elevators, and heating and cooling. Slick FM deals with the tasks which are performed by people, like custodial services, lease accounting, catering, security, and groundskeeping. 

The increasing demand for cloud-based solutions has pushed the direction of the facility management market across the globe. Furthermore, as a third party offers facility management, its demand is expected to improve in the upcoming years as organizations are moving towards outsourcing facility adoption to focus more on core competency.

Growth Factors

The organization’s rising focus on improving operational efficiencies, better client experience, and protecting vital information has compelled industries to adopt the facility management service, thereby propelling the demand for the facility management market. In addition, the advent of the Industrial Internet of Things (IIOT) has also boosted the requirement for advanced business technology, having new regulatory policies in emerging economies.

Increases in the adoption of cloud computing: The rising adoption of cloud computing and automation in the industry for enhancing their productivity and operational activities have given anticipation to fuel the demand and eventual sales of facility management. 

Increase in government expenditure in the service sector:  The demand for the facility management market has risen steadily due to the increase in government expenditure in transportation, energy, construction, and others. Their service provider contacts the building management to deliver their services successfully. 

Equipment to boost the market in the COVID scenario:  The only strategy left for the government was to use facility management during the pandemic to boost the market. The increased awareness of cleanliness, management, maintenance, and security has given a push to the demands of the facility management market. 

A surge in Infrastructural Investment: The rising focus of government bodies across the globe on the heavy investment in construction and infrastructural growth has given the advantage to boost the market. The propensity to renovate old buildings has presented most services related to the industry, performance, and market growth. 

An environment of formalized workflow: In this competitive environment, companies mainly focus on their core competencies and other operational loads are handed to outsourcing. Thus, increasing the demand for maintaining a formalized workflow across various industries can boost facility management applications.

Global Facility Management Market 2023–2032 (By Component)

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Segmentation Analysis 

In the service type, the facility management market is further categorized into complex, soft, and other services. Among these, complex services hold the dominant position due to the continuous growth of the global infrastructure industry. The industry also includes cleaning, plumbing, drainage, building fabric maintenance, and other services. These services are associated with the building’s physical structure, which is also influenced by the increased construction risk due to urbanization.

On the other hand, soft services are among the fastest-growing segment within the category and are also anticipated to grow within the consideration throughout the forecast period. In addition, the increase in investment in waste management, energy management, wastewater management, and other green energy management industries contributes to the rising demand.   

By industry verticals, the facility management market is categorized into healthcare, government, education, military and defense, real estate, and others. Among these, the real estate sector is the most dominating one throughout the World over the forecast period. This is also characterized by continuous expansion in the construction and development industry.

The real estate industry is also expected to grow considerably in market share, followed by other sectors like It, telecommunication, and BFSI. After the natural state, the healthcare sector is anticipated to grow in the forecast period due to the increase in the adoption of healthcare facilities management services.

The government sector is also expected to witness drastic growth due to its rising focus on infrastructure investments. The healthcare and education sector is expected to have the highest demand soon to have more emphasis on their respective primary business.   

Report Scope

Feature of the Report Details
Market Size in 2021 USD 48.49 Billion
Projected Market Size in 2030 USD 121.73 Billion
Market Size in 2022 USD 56.62 Billion
CAGR Growth Rate 12.5% CAGR (2022-2030)
Base Year 2022
Forecast Period 2023-2032
Prominent Players Sodexo, CBRE Group Inc, ISS A/S, Compass Group, Aramark, Jones Lang Lasalle Incorporated, Cushman & Wakefield plc., Tenon Group, Johnsons Controls International plc., Dussmann Group, Serco Group PLC, Mitie Group Plc, Veolia Environment, and Others
Key Segment By Service Type Analysis, Industry Vertical Analysis, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
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Key Insights: 

  • Based on service type segmentation, the complex services segment is estimated to hold the largest market share during the forecast period. 
  • Based on vertical industry segmentation, the real estate segment is the leading revenue-generating category during the forecast period. 
  • Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.     

Recent Developments

  • In November 2021, the CBRE Group, Inc. and Turner & Townsend Holdings Limited completed their acquisition in which 60% of the ownership stake was bought by CBRE to enter into the strategic collaboration. Together will serve 46 countries with program management, cost consulting, project management, and advisory consulting services.

Global Facility Management Market 2023–2032 (By Billion)

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 Regional Analysis:     

The five major regions, North America, Europe, Asia Pacific, the Middle East, Africa, and South America are considered. Among them, Asia Pacific holds the dominating position and is also anticipated to have the leading market presence in the forecast period.

The existence of various organized and unorganized companies in India and China is the main reason behind the regional domination in the market. Moreover, the establishment of multiple firms concentrates more on building a partnership with the local players to provide services to the end users and increase their geographic reach.

The North American market is expected to grow steadily due to the implementation of new technologies such as the Internet of things, artificial intelligence, robot adoption, etc. Furthermore, Europe is predicted to have an increased market share in the upcoming years due to the adoption of preventive measures by the government.

Global Facility Management Market 2023–2032 (By Deployment Model)

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Key Players:

  • Sodexo
  • CBRE Group Inc
  • ISS A/S
  • Compass Group
  • Aramark
  • Jones Lang Lasalle Incorporated
  • Cushman & Wakefield plc.
  • Tenon Group
  • Johnsons Controls International plc.
  • Dussmann Group
  • Serco Group PLC
  • Mitie Group Plc
  • Veolia Environment

Segments covered in the report

By Component
  • Solution
  • Service
By Solution Type
  • Strategic planning management
  • Real estate and lease management
  • Maintenance management
  • Others
  • Workplace and relocation management
  • Asset Management
By Deployment Model
  • On Premise
  • Cloud
By Enterprise Size
  • Large Enterprises
  • SMEs
By Industry Vertical
  • Public Sector
  • BFSI
  • Manufacturing
  • IT and Telecom
  • Healthcare
  • Retail
  • Education
  • Others

On the basis of Geography

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Facility Management Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Facility Management Market : snapshot
  • Chapter 3. Global Facility Management Market – Industry Analysis
    • 3.1 Facility Management Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increases in the adoption of cloud computing
      • 3.2. Surge in Infrastructural Investment
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Service Type Analysis
      • 3.7.2 Market attractiveness analysis By Industry Vertical Analysis
  • Chapter 4. Global Facility Management Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Facility Management Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Facility Management Market – Service Type Analysis Analysis
    • 5.1 Global Facility Management Market overview: By Service Type Analysis
      • 5.1.1 Global Facility Management Market share, By Service Type Analysis, 2021 and 2030
    • 5.2 Hard services
      • 5.2.1 Global Facility Management Market by Hard services, 2022 – 2030 (USD Billion)
    • 5.3 Soft services
      • 5.3.1 Global Facility Management Market by Soft services, 2022 – 2030 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Facility Management Market by Others , 2022 – 2030 (USD Billion)
  • Chapter 6. Global Facility Management Market – Industry Vertical Analysis Analysis
    • 6.1 Global Facility Management Market overview: By Industry Vertical Analysis
      • 6.1.1 Global Facility Management Market share, By Industry Vertical Analysis, 2021 and 2030
    • 6.2 Healthcare
      • 6.2.1 Global Facility Management Market by Healthcare, 2022 – 2030 (USD Billion)
    • 6.3 Government
      • 6.3.1 Global Facility Management Market by Government , 2022 – 2030 (USD Billion)
    • 6.4 Education
      • 6.4.1 Global Facility Management Market by Education, 2022 – 2030 (USD Billion)
  • Chapter 7. Facility Management Market – Regional Analysis
    • 7.1 Global Facility Management Market Regional Overview
    • 7.2 Global Facility Management Market Share, by Region, 2021 & 2030 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Facility Management Market, 2022 – 2030 (USD Billion)
        • 7.3.1.1 North America Facility Management Market, by Country, 2022 – 2030 (USD Billion)
    • 7.4 North America Facility Management Market, by Service Type Analysis, 2022 – 2030
      • 7.4.1 North America Facility Management Market, by Service Type Analysis, 2022 – 2030 (USD Billion)
    • 7.5 North America Facility Management Market, by Industry Vertical Analysis, 2022 – 2030
      • 7.5.1 North America Facility Management Market, by Industry Vertical Analysis, 2022 – 2030 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Facility Management Market, 2022 – 2030 (USD Billion)
        • 7.6.1.1 Europe Facility Management Market, by Country, 2022 – 2030 (USD Billion)
    • 7.7 Europe Facility Management Market, by Service Type Analysis, 2022 – 2030
      • 7.7.1 Europe Facility Management Market, by Service Type Analysis, 2022 – 2030 (USD Billion)
    • 7.8 Europe Facility Management Market, by Industry Vertical Analysis, 2022 – 2030
      • 7.8.1 Europe Facility Management Market, by Industry Vertical Analysis, 2022 – 2030 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Facility Management Market, 2022 – 2030 (USD Billion)
        • 7.9.1.1 Asia Pacific Facility Management Market, by Country, 2022 – 2030 (USD Billion)
    • 7.10 Asia Pacific Facility Management Market, by Service Type Analysis, 2022 – 2030
      • 7.10.1 Asia Pacific Facility Management Market, by Service Type Analysis, 2022 – 2030 (USD Billion)
    • 7.11 Asia Pacific Facility Management Market, by Industry Vertical Analysis, 2022 – 2030
      • 7.11.1 Asia Pacific Facility Management Market, by Industry Vertical Analysis, 2022 – 2030 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Facility Management Market, 2022 – 2030 (USD Billion)
        • 7.12.1.1 Latin America Facility Management Market, by Country, 2022 – 2030 (USD Billion)
    • 7.13 Latin America Facility Management Market, by Service Type Analysis, 2022 – 2030
      • 7.13.1 Latin America Facility Management Market, by Service Type Analysis, 2022 – 2030 (USD Billion)
    • 7.14 Latin America Facility Management Market, by Industry Vertical Analysis, 2022 – 2030
      • 7.14.1 Latin America Facility Management Market, by Industry Vertical Analysis, 2022 – 2030 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Facility Management Market, 2022 – 2030 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Facility Management Market, by Country, 2022 – 2030 (USD Billion)
    • 7.16 The Middle-East and Africa Facility Management Market, by Service Type Analysis, 2022 – 2030
      • 7.16.1 The Middle-East and Africa Facility Management Market, by Service Type Analysis, 2022 – 2030 (USD Billion)
    • 7.17 The Middle-East and Africa Facility Management Market, by Industry Vertical Analysis, 2022 – 2030
      • 7.17.1 The Middle-East and Africa Facility Management Market, by Industry Vertical Analysis, 2022 – 2030 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Sodexo
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 CBRE Group Inc
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 ISS A/S
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Compass Group
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Aramark
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Jones Lang Lasalle Incorporated
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Cushman & Wakefield plc.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Tenon Group
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Johnsons Controls International plc.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Dussmann Group
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 Serco Group PLC
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Mitie Group Plc
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Veolia Environment.
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments

List Of Figures

Figures No 1 to 20

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Key Players:

  • Sodexo
  • CBRE Group Inc
  • ISS A/S
  • Compass Group
  • Aramark
  • Jones Lang Lasalle Incorporated
  • Cushman & Wakefield plc.
  • Tenon Group
  • Johnsons Controls International plc.
  • Dussmann Group
  • Serco Group PLC
  • Mitie Group Plc
  • Veolia Environment
  • Others

FAQs

“Asia-Pacific” region will lead the global Facility Management Market during the forecast period 2022 to 2030.

The key factors driving the market are increases in the adoption of cloud computing and surge in Infrastructural Investment.

The key players operating in the Facility Management Market are Sodexo, CBRE Group Inc , ISS A/S, Compass Group, Aramark , Jones Lang Lasalle Incorporated, Cushman & Wakefield plc., Tenon Group, Johnsons Controls International plc., Dussmann Group , Serco Group PLC, Mitie Group Plc, Veolia Environment.

The global Facility Management Market is expanding growth with a CAGR of approximately 5.7 % during the forecast period (2022 to 2030).

The global Facility Management Market size was valued at USD 1,239.9 Billion in 2021 and it is projected to reach around USD 1,856.44 Billion by 2030.

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