Facilities Management is a business function that puts together Human Resources to manage business assets such as property, buildings, and equipment. It is an integration of People, Place and Processes to support business operations.Facilities Management market revenue is estimated to be $XX Billion in 2022 and shall grow with a CAGR of XX.X% during the forecast period of 2022 to 2031
Analysis by Type
According to the type, the segments are outsourced and In-house. A Facilities Management market report states that the outsourced segment will see large-scale service adoption as it allows the parent company to focus on their core business. Specialized work environments such as Energy, IT infrastructure, and Environmental Management are being sought by the companies. On the other hand, a Facilities Management market research suggests that routine activities such as Cleaning, Maintenance, and Planning will also gain tremendously in the upcoming period.
Analysis by Service
According to the Service, the three main segments are Hard service, Soft service, and Management service. Hard service is further classified into Electrical, Civil, Mechanical, and Specialized Services. Soft Services has the following classifications: Cleaning, Laundry, Landscaping, and Security. Lastly, Management services are made up of Contract Management, Energy & Utilities, and Maintenance Planning & Control. The Facilities Management market share is led by Soft Services as it applies to a wider industrial and commercial base. The more sophisticated segment is that of the Hard service. The Facilities Management market size of this segment is likely to attain higher grounds owing to the involvement of skilled man-force.
Analysis by Application
According to the application, the six segments of interest are Education, Commercial, Transportation, Industrial, Government & Public Sector, and Healthcare. The Facilities Management market estimation has touted the Healthcare segment to perform very well in this period, owing to favorable government policies. The Facilities Management market forecast looks promising for the Educational segment as well. This is an ever-green segment and is usually accompanied with a large operational footprint. Thus, it offers a very stable cash-flow opportunity to companies in this space.
Analysis by Region
The North American region is riding high on the backdrop of the tourism industry. This is in direct correlation with Hotels, Airports, Restaurants, and Shopping Malls. All of the above are commercial business entities which need Facilities Management. One of the vital aspects of the success will be the Facilities Management price trend. This is likely to be competitive for the buyers as well as encouraging for the industry participants. Outsourced Facilities Management will enable the parent business to save fixed expenses while being in a position to observe the quality levels being provided by the vendor.
Analysis by Prominent Companies
Aramark, CA Technologies, CB Richard Ellis (CBRE), Colliers International, Cushman & Wakefield, EMCOR Group, Inc, G4S plc, IBM Corporation, Interserve, ISS Facilities Services Inc., Planon Corporation, Serco Group, Sodexo, Tenon FM, Veolia, and Compass Group. The acquisition of service providers is often undertaken by the larger organizations to gain market access. These strategies will boost the inorganic growth of the industry in the forecasted time. Other industries in this domain that are growing at a high CAGR include Air Traffic Management Market and Human Capital Management Market.
● Market Revenue Estimation and Forecast (2022 – 2031)
● Market Production Estimation and Forecast (2022 – 2031)
● Market Sales/Consumption Volume Estimation and Forecast (2022 – 2031)
● Breakdown of Revenue by Segments (2022 – 2031)
● Breakdown of Production by Segments (2022 – 2031)
● Breakdown of Sales Volume by Segments (2022 – 2031)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
By Type Outlook ($Revenue and Unit Sales, 2022-2031)
By Service Outlook ($Revenue and Unit Sales, 2022-2031)
• Hard Service
o Specialized Services
• Soft Service
• Management Service
o Contract Management
o Energy & Utilities
o Maintenance Planning & Control
By Application Outlook ($Revenue and Unit Sales, 2022-2031)
• Government & public sector
By Regional Outlook ($Revenue and Unit Sales, 2022-2031)
• North America
o South Korea
o South Africa
o Saudi Arabia
• CA Technologies
• CB Richard Ellis (CBRE)
• Colliers International
• Cushman & Wakefield
• EMCOR Group, Inc
• G4S plc
• IBM Corporation
• ISS Facilities Services Inc.
• Jones Lang LaSalle Incorporated
• OCS Group
• Oracle Corporation
• Planon Corporation
• Serco Group
• Tenon FM
• Compass Group
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