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Facilities Management Market Trends Analysis By Major Companies: Aramark, CA Technologies, CB Richard Ellis, EMCOR Group, G4S, IBM, Interserve, OCS Group, Oracle, Planon Corporation, Serco Group, Sodexo, Tenon FM, Veolia, and Compass Group
North America facilities management market is anticipated to expand robustly against the backdrop of proliferating tourism industry. With huge revenue at stake, governments globally are vying to woo would-be travelers to their countries led by aggressive marketing and favorable policies.Increasing post-construction services like the cleaning and maintenance of the buildings and electric and mechanical work will also drive facilities management market trends. As the number of commercial structures rises, the need to hire or contract efficient, cost-effective FM service provides will grow. The industry represents a vital employment source for people.
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Leading companies are grappling to secure a government deal for FM services to augment their profitability and expand facilities management market size. In Q1 2019, Madrid City Government inked a four-year contract worth 18.62 mn with the facility management company ACCIONA. Reportedly, the Madrid City picked ACCIONA to enhance energy efficiency in 400 municipal buildings, including sports centers, schools, social and cultural centers, among others.
Stakeholders envisage facilities management market share to proliferate at a robust pace in the wake of unprecedented surge in smart city projects. Smart cities--integrated, powered and enabled by digital technologies--have propelled commercial spaces, transportation sector, namely. In recent years, awareness of facilities management has heightened owing to expanding tourism and hospitality industries.
Palpable surge in investments in construction and real estate is expected to underscore robust-looking facilities management market size. For instance, the Canadian government issued an additional funding of US$ 81.2 bn in 2017 across five main funding streams, including green infrastructure; public transit; social infrastructure; trade & transportation projects and meeting the 'unique' needs of rural and northern communities. Apparently, the unique needs include facilities to underpin food security, improved broadband connectivity and local access roads.
The overall operational cost of the business is reduced by outsourcing of these kind of work as the management does not need to employ and train the in-house staff. Similar trends worldwide will significantly bolster facilities management market forecast.
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Glimpse of Table of Content (ToC): -
Chapter 4. Competitive Landscape, 2018
4.1. Introduction
4.2. Company market share, 2018
4.3. Competive analysis of major market players, 2018
4.4. Competive analysis of other prominent market players, 2018
Chapter 5. Facilities Management Industry, By Type
5.1. Key trends, by type
5.2. Outsourced
5.2.1. Market estimates and forecast, 2014 - 2025
5.3. In-house
5.3.1. Market estimates and forecast, 2014 - 2025
Chapter 6. Facilities Management Industry, By Service
6.1. Key trends, by service
6.2. Hard service
6.2.2. Electrical serviceh
6.2.3. Civil
6.2.4. Mechanical
6.2.5. Specilized service
6.2.6. Other hard service
6.3. Soft service
6.3.2. Clening
6.3.3. Laundry
6.3.4. Landscaping
6.3.5. Security
6.3.6. Other soft services
6.4. Management service
6.4.2. Contract management
6.4.3. Energy and utilities
6.4.4. Maintenance and planning control
6.4.5. Other management services
Chapter 7. Facilities Management Market, By Application
7.1. Key trends, by application
7.2. Government and public sector
7.3. Industrial
7.4. Commercial
7.5. Education
7.6. Transportation
7.7. Healthcare
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