Africa Facility Management Market To Witness the Highest Growth Globally in Coming Years 2022-2026

Market Insights Reports has added new statistical data to its repository titled as, Africa Facility Management Market. It provides the industry overview with market growth analysis with a historical & futuristic perspective for the following parameters; cost, revenue, demands, and supply data (as applicable). Furthermore, the report also sheds light on technological platforms, in addition to distinctive tools, and methodologies that will help to propel the performance of industries. The Africa Facility Management market report covers the post-COVID-19 impact on various regions and major countries and on the future development of the industry is pointed out.

The Africa Facility Management Market is expected to grow at a CAGR of 11.2% during the forecast period (2021 - 2026).

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Top Key Players in the Global Africa Facility Management Market is - Integrico Private Limited, -  Apleona GmbH, -  Contrack Facilities Management S.A.E., - G4S Africa, - EFS Facilities Management Africa, - Emdad Facility Management, - Benchmark Facilities Management, - Broll Nigeria, and others. 

Industry News and Update:

- In June 2020, Apleona GmbH invested in a self-learning technology based on artificial intelligence (AI) in the field of energy and CO2 optimization. The company, which specializes in the integrated facility and real-estate management, has therefore acquired a stake in Bonn-based green tech company Recogizer.

Key Market Trends:

Infrastructural development continue to open up new opportunities for FM vendors

- The residential, commercial, industrial, and public infrastructure sectors are the most served sectors in Africa. Oil and gas companies, banks, sports, and healthcare facilities are the upcoming sectors.? Furthermore, it seems that increased awareness among the buyers of the market is prompting facility management operators to match the pricing accordingly.?
- The increasing emphasis on the adoption of green buildings across developing sectors such as retail and real estate is expected to stimulate the growth of outsourced facility management in the region. For instance, South African developer Growthpoint Properties has pledged that all its new office developments will achieve at least a four-star Green Star SA rating from the Green Building Council South Africa, and the green performance of its existing office buildings will be improved.
- Retail mall developers are also committing to building green. For instance, Novare Equity Partners, a developer of malls and retail stores across Africa, recently sought green certification for the construction of the Novare Great North mall in Lusaka, Zambia, to attract well-known African retailers Shoprite Holdings and Pick n Pay. The mall’s resource-efficient measures were implemented at a minimal additional cost, and utility bills are expected to reduce by over 40%.
- However, the ongoing pandemic has severely impacted the airline industry. With little traffic, operational costs are rising across the sector. For instance, in 2019, State-owned South African Airways, which is a key end-user of facility management services, are expected to lay off its entire workforce and faces liquidation after the government refused to provide the 86-year-old carrier with additional financial aid.

Africa Facility Management Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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This Global Africa Facility Management Market report addresses:

– The Market size from 2016-2021

– Expected market growth until 2026

– Forecast of how market drivers, restraints, and future opportunities will affect

– Segment and regions that will drive or lead the market growth and why

– Comprehensive mapping of the competitive landscape

– In-depth analysis of key sustainability strategies adopted by market place.                              

Frequently Asked Questions about Global Africa Facility Management market:

– What are the recent developments and government policies?
– Why might we forecast a downturn in a particular economy next year?
– Why do we say the currency is set to appreciate?
– What countries and sectors offer the highest potential?
– Where are the greatest dangers?              

We Also Offer Customization on report based on specific client Requirements:

– Free Country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

–  Free 40 analyst hours to cover any other data point

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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