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Global Integrated Facilities Management Market to Grow at a CAGR of 4 % in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Integrated Facilities Management Market Report and Forecast 2021-2026’, the global facilities management market reached a value of approximately USD 1229 billion in 2020. It is expected to grow at a CAGR of 4 % between 2021 and 2026 to attain a value of nearly USD 1580 billion by 2026.

The global integrated facilities management market is growing and is expected to witness a healthy growth in the coming years as well. The leading regions in the market include the United States, Australia, the United Kingdom, France, Germany, New Zealand, and Spain. The facilities management market significantly drives the growth of the integrated facilities management market. The facility management markets in North America, as well as Europe, grew at a healthy rate in 2020. The North America facility management market is majorly being driven by its end-use industries like pharmaceutical, oil, gas, CPG, BSFI, chemical, etc. The increasing multinationals in regions like the Asia Pacific are resulting in a surplus demand for outsourced facility management market. The rapidly growing economies of these regions are also propelling the market growth of integrated facilities management.

In 2018, CBRE (NYSE: CBRE), one of the key players, announced its acquisition of a Kentucky-based consulting firm, named Noveen Consulting. Noveen is focussed on providing healthcare facilities. It helps healthcare owners optimise the economics of operating as well as owning healthcare facilities. Noveen Consulting’s acquisition will enable the expansion of CBRE’s healthcare facility management portfolio.

Market Analysis by Service Type, Application, and Regions:

  • The service types in the facility management market include, in house FM, outsourced FM, and Integrated FM, among others.
  • It finds its end-use in public/infrastructure, commercial, industrial, institutional, and others.
  • The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand for facilities management is driving the demand for integrated facilities management market.
  • The increasing FM sourcing, as well as IFM strategy, is providing a push to the integrated facilities market.
  • The ever-increasing construction sector is propelling the growth of the industry further, especially in developing regions like Asia Pacific and Latin America.
  • The rising number of multinationals in emerging regions like the Asia Pacific and some countries of the Middle East and Africa are driving the market growth further.

Key Offerings of the Report:

  • The EMR report provides an overview of the global integrated facilities management market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the service type, application, and regions of integrated facilities management.
  • The EMR report provides a SWOT analysis as well as a cost analysis of market.

The major key players in the global integrated facilities management market include Jones Lang LaSalle, IP, Inc., Sodexo, ISS Facility Service, CBRE, and Compass Group PLC, Cushman & Wakefield, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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