Global Facilities Management Services Market Report 2022: Important Industry Sector Demand Driving the Industry – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Facilities Management Services Market by Service Type, Type, End User: Global Opportunity Analysis and Industry Forecast, 2020-2030” report has been added to from ResearchAndMarkets.com offer.

The Facilities Management Services Market was valued at USD 1,253.3 Billion in 2020 and is projected to reach USD 2,525.1 Billion by 2030, registering a CAGR of 7.1% from 2021 to 2030. facilities management increase the value of the building by offering different maintenance solutions.

Additionally, these services provide more notable returns on real estate investments to landowners through administration and value-added solutions. Facilities management services support owners’ functional and financial goals. Services include applications such as security, plumbing, finishing, electrical installations and cleaning for different uses.

The global facility management services market is growing owing to the rise in urbanization and industrialization. Increasing urbanization leads to the growth of the tourism and hospitality industry. Also, different industries such as petroleum, mining, transportation, and pharmaceuticals are growing due to the increase in urbanization.

The huge industrial sector necessitates the timely maintenance of industrial facilities, which is driving the growth of the facility management services market. Moreover, different organizations have goals regarding the protection of their assets which require huge investments and their protection requires maintenance solutions. This is expected to drive the growth of the market. Moreover, the development of mega projects in different countries is growing, which requires timely maintenance due to the increase in investment and expenditure. Hence, these investments are expected to drive the growth of the facility management services market.

However, the adoption of outsourced facility management services rather than in-house facility management services is restraining the growth of the facility management services market. In addition, lack of education in developing countries results in a less skilled labor force, resulting in a low understanding of facility management services. Hence, the low awareness is expected to hamper the growth of the facility management services market.

Advancement in technology through the use of Internet of Things (IoT) provides better security and is expected to create lucrative opportunities for companies operating in the market. In addition, various government initiatives have resulted in increased investment in commercial and rail projects. This in turn should provide new opportunities for facility management service providers.

Key market segments

By type of service

  • Cleaning

  • Security

  • Restoration

  • Others

  • Property

By type

Per end user

  • Commercial

  • Institutional

  • Audience/Infrastructure

  • Industrial

  • Others

By region

  • North America

  • WE

  • Canada

  • Mexico

  • Europe

  • France

  • UK

  • Italy

  • The rest of Europe

  • Germany

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Rest of Asia-Pacific

  • LAMEA

  • Latin America

  • Middle East

  • Africa

Main market players

  • BVG India

  • Atalian Group (Arthur McKay & Co Ltd.)

  • CBRE Group, Inc.

  • EMCOR Group, Inc.

  • ISS World Services A/S

  • Knight Facilities Management

  • Quess Corp Ltd

  • Sodexo, Inc.

  • Downer Group (Impeccable Group)

  • Tenon Group

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: FACILITY MANAGEMENT SERVICES MARKET, BY TYPE OF SERVICE

CHAPTER 5: FACILITY MANAGEMENT SERVICES MARKET, BY TYPE

CHAPTER 6: FACILITY MANAGEMENT SERVICES MARKET, BY END-USER

CHAPTER 7: FACILITY MANAGEMENT SERVICES MARKET, BY REGION

CHAPTER 8: CORPORATE LANDSCAPE

CHAPTER 9: COMPANY PROFILES

For more information on this report, visit https://www.researchandmarkets.com/r/pjjszr

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