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The global facility management market size reached a value of about USD 1,599.27 billion in 2023. The market is further expected to grow at a CAGR of 3.6% in the forecast period of 2024-2032, to reach a value of approximately USD 2,198.52 billion by 2032.
Facility management, often abbreviated as FM, is the practice of providing efficient and effective delivery of support services, such as asset tracking and management, space optimisation, system of record, cost analysis, and integration, to an organisation that it serves. It allows a workplace to run at maximum efficiency by integrating people, places, processes, and technology. It enhances the productivity of the core business and maximises the functionality, comfort, and efficiency of the built environment.
The dramatic change in workplace design and work culture is one of the major factors driving the facility management market growth globally. There has been an increased focus of organisations on optimisation processes and energy efficiency improvements.
Additionally, the growing urbanisation and the rising investments in infrastructure projects, particularly in developing nations, are also aiding the market growth. Over the forecast period, a surge in the adoption of digital technologies is expected to compel facility management providers to focus on the integration of digital technologies. Further, the growing preference for integrated facility management (IFM) services is expected to be a major facility management market trend in the coming years.
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Rising integration of artificial intelligence and automation; utilisation of analytics in management; increasing adoption of automation; and focus on sustainability are expected to significantly influence the facility management market growth
Mar 6th 2024
Amsted Automotive launched Means Nanjing Automotive Components Ltd. in China, its 22nd global site, producing driveline solutions for Asia's automotive market.
Mar 8th 2024
China announced a 7.2% increase in its 2024 defense budget at the National People’s Congress, amidst economic challenges and a modest 3.8% growth in overall government spending.
Feb 15th 2024
Matterport launched Property Intelligence , offering AI-powered automated measurements, layouts, and editing from digital twins, unlocking unprecedented property data access through advancements in spatial data and AI technology.
Oct 18th 2023
SodexoMagic partnered with SalusCare to offer food service and facilities management in Southwest Florida, employing around 19 for a five-year contract, enhancing mental health and substance abuse treatment services.
Integration of advanced technologies
Advancements in IoT, AI, and machine learning are revolutionising facility management, enabling predictive maintenance and smarter operations for cost efficiency and superior service.
Focus on sustainability
Facility management providers are increasingly adopting green practices, such as energy-efficient systems and sustainable sourcing, to meet environmental goals and comply with regulations.
Rise of smart buildings
The adoption of smart buildings, with their automation and connectivity, is enhancing occupant experiences, improving energy efficiency, and reducing costs for facility managers.
Data analytics for decision-making
Facility managers are increasingly leveraging data analytics to inform decisions on maintenance, space optimisation, and operational enhancements, improving efficiency and effectiveness.
The integration of artificial intelligence, machine learning, and IoT has been at the forefront of transforming facility management services. These technologies enable predictive maintenance, which anticipates and addresses issues before they become problematic, thereby reducing downtime and associated costs. Smart operations, facilitated by AI and machine learning, optimise building systems to enhance efficiency and service delivery.
The growing global emphasis on sustainability has significantly influenced the facility management market expansion. This trend involves adopting green practices such as implementing energy-efficient systems, reducing waste, and sourcing materials sustainably. The aim is to minimise the environmental footprint of facilities while complying with increasingly stringent regulatory requirements. Sustainable practices not only contribute to environmental conservation but also lead to significant cost savings over time, particularly through reduced energy and resource consumption.
Furthermore, data collected from IoT devices can be analysed using AI to optimise energy consumption, directly contributing to sustainability efforts. Predictive maintenance ensures that systems operate at peak efficiency, reducing unnecessary energy use and prolonging the life of equipment, which aligns with sustainability by minimising waste.
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“Global Facility Management Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Sector
Market Breakup by Service
Market Breakup by Industry
Market Breakup by Region
Rising preference towards outsourced services is expected to enhance the market growth in the coming years
Outsourced services have been holding a majority of the facility management market share as companies are increasingly outsourcing facilities management.
Within the outsourced segment, integrated facility management (IFM) services are expected to witness robust growth in the forecast period. Trends in the market, such as the increasing demand for performance-based contracts and the growing adoption of digital technologies, are expected to provide enhanced growth opportunities for the facility management market expansion in the coming years.
With increasing globalisation and the expansion of organisations across multiple locations, the demand for facility management is expected to surge in the coming years. The increasing trend for working from home is resulting in a growing need for secure collaboration, particularly with the handling of sensitive data.
Integration of sustainable technologies is expected to propel the global facility management market demand
Owing to the increasing technological advancements and rising emphasis on sustainability, the demand for hard services, such as HVAC, electrical, plumbing, and building maintenance services, is expected to surge during the forecast period. The demand is expected to be propelled by the increasing complexity of building systems, the need for energy efficiency, and the integration of smart building technologies.
Meanwhile, soft services in the global facility management market are expected to register substantial growth owing to the consumer’s rising awareness related to health and safety.
Some of the major players included in the market are increasingly utilising artificial intelligence and machine learning for improved services
CBRE Group, Inc.
CBRE Group, Inc. is a global commercial real estate services and investment firm, headquartered in Texas, United States. It was founded in 1906 and is one of the largest companies of its kind, offering a broad range of services including property management, investment management, appraisal and valuation, property leasing, strategic consulting, property sales, mortgage services, and development services.
Compass Group
Compass Group is a British multinational contract food service company, headquartered in Surrey, England. With the beginning of its operations in 1994, the company has established itself as the largest contract food service company in the world. Compass Group provides catering and support services in a variety of sectors, including education, healthcare, corporate, and leisure. Their services range from food service to facility management, including cleaning and security services.
Jones Lang LaSalle Inc. (JLL)
Jones Lang LaSalle Incorporated, commonly known as JLL, is a global commercial real estate services company, with its origins dating back to 1783. Headquartered in Illinois, United States, JLL provides a wide range of services such as real estate and investment management, corporate leasing, property management, project and development services, and valuation and advisory services. JLL serves clients in both commercial and residential real estate sectors, offering expertise and strategic advice to help them navigate the property market.
Dusters Total Solutions Services Pvt. Ltd
Dusters Total Solutions Services Pvt. Ltd, often referred to as DTSS, is an Indian facility management services company, founded in 1994. While not as globally renowned as the other firms mentioned, DTSS provides a comprehensive range of services including housekeeping, security, engineering maintenance, and pest control services. It caters to various sectors including corporate offices, educational institutions, malls, hospitals, and industrial facilities, focusing on delivering customised and efficient solutions to meet the specific needs of its clients.
Other key players in the global facility management market are BVG India Limited, ISS Facility Services India Pvt. Ltd., Cushman & Wakefield, Inc., Sodexo, Mace Group, and Flexim Group SA, among others.
Players in the facility management market are increasingly innovating with the integration of the latest technologies such as IoT, AI, machine learning, and automation to improve services for facility management. By adopting these technologies, FM providers can offer more efficient, predictive maintenance services, smarter building management solutions, and enhanced customer experiences. This not only helps in differentiating their services but also in improving operational efficiencies.
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North America is expected to hold a significant portion of the market share in the coming years. The demand for FM solutions is growing as the organisations in this region have been early adopters of advanced technologies and management solutions.
The increased penetration of key players, growing investments by various organisations to streamline the workflow and enhance their efficiency, and rapidly growing economies in the region are boosting the demand for facility management services. The US facilities management market, as well as the market in Canada, are providing enhanced opportunities for overall growth in North America.
Meanwhile, the Asia Pacific is expected to witness robust growth in the forecast period owing to the rising adoption of advanced technologies like IoT, AI, and others, and the increasing construction activities in the region.
The India facility management market has been experiencing significant growth, with the growing competition amongst companies encouraging them to optimise their operations. As awareness regarding the benefits of facility management grew, more companies sought facility management services and software.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Sector |
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Breakup by Services |
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Breakup by Industry |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Facility Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Facility Management Historical Market (2018-2023)
8.3 Global Facility Management Market Forecast (2024-2032)
8.4 Global Facility Management Market by Type
8.4.1 In-House
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Outsourced
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 IFM
8.4.2.3.1.1 Historical Trend (2018-2023)
8.4.2.3.1.2 Forecast Trend (2024-2032)
8.4.2.3.2 Others
8.5 Global Facility Management Market by Sector
8.5.1 Public
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Private
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Others
8.6 Global Facility Management Market by Services
8.6.1 Soft Services
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Hard Service
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Facility Management Market by Industry
8.7.1 Banking, Financial Services, and Insurance
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Healthcare
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 IT and Telecom
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Manufacturing
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Education
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Military and Defence
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Energy and Utilities
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Construction and Real Estate
8.7.8.1 Historical Trend (2018-2023)
8.7.8.2 Forecast Trend (2024-2032)
8.7.9 Others
8.8 Global Facility Management Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Facility Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Facility Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Facility Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Facility Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Facility Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 CBRE Group, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Compass Group
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Jones Lang LaSalle Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Dusters Total Solutions Services Pvt. Ltd
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 BVG India Limited
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 ISS Facility Services India Pvt. Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Cushman & Wakefield, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Sodexo
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Mace Group
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Flexim Group SA
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Facility Management Market: Key Industry Highlights, 2018 and 2032
2. Global Facility Management Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Facility Management Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Facility Management Historical Market: Breakup by Sector (USD Billion), 2018-2023
5. Global Facility Management Market Forecast: Breakup by Sector (USD Billion), 2024-2032
6. Global Facility Management Historical Market: Breakup by Services (USD Billion), 2018-2023
7. Global Facility Management Market Forecast: Breakup by Services (USD Billion), 2024-2032
8. Global Facility Management Historical Market: Breakup by Industry (USD Billion), 2018-2023
9. Global Facility Management Market Forecast: Breakup by Industry (USD Billion), 2024-2032
10. Global Facility Management Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Facility Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Facility Management Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Facility Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Facility Management Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Facility Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Facility Management Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Facility Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Facility Management Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Facility Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Facility Management Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Facility Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Facility Management Market Structure
In 2023, the market attained a value of approximately USD 1,599.27 billion.
The market is projected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 2,198.52 billion by 2032.
The growth of the market is driven by the inclusion of changes in workplace designs and work culture, rising focus on enhancing efficiency and improving workflow, growing construction activities, and rising infrastructural investments.
The key trends guiding the growth of the market include the growing adoption of integrated facility management (IFM) and the rising shift towards digital technologies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of facility management in the market are in-house and outsourced.
The key players in the market are CBRE Group, Inc., Compass Group, Jones Lang LaSalle Inc., Dusters Total Solutions Services Pvt. Ltd, BVG India Limited, ISS Facility Services India Pvt. Ltd., Cushman & Wakefield, Inc., Sodexo, Mace Group, and Flexim Group SA, among others.
The global facility management market attained a value of USD 1,599.27 billion in 2023, driven by the rising change in workplace design and work culture. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.6%. The market is projected to reach USD 2,198.52 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the market is bifurcated into in-house and outsourced. By sector, the industry is segmented into public and private, among others. On the basis of service, the market is divided into soft services and hard service, among others. By industry, the market is categorised into banking, financial services, and insurance, healthcare, IT and telecom, manufacturing, education, military and defence, energy and utilities, and construction and real estate, among others.
The major regional markets for facility management are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in market include CBRE Group, Inc., Compass Group, Jones Lang LaSalle Inc., Dusters Total Solutions Services Pvt. Ltd, BVG India Limited, ISS Facility Services India Pvt. Ltd., Cushman & Wakefield, Inc., Sodexo, Mace Group, and Flexim Group SA, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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