The global integrated facilities management market size reached a value of around USD 749 billion in 2019. The market is expected to reach nearly a value of USD 1051 billion by 2025, growing at a CAGR of 7% between 2020 and 2025. The major markets for the service include the United States, the United Kingdom, Australia, Germany, France, Spain, and New Zealand.
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The facilities management market significantly impacts the integrated facilities management industry. The North America facility management market reached a value of around 206.7 billion in 2019, while the market in Europe reached around USD 225.72 billion in the same year. The major end-user industries for integrated facilities management in North America include pharmaceutical, chemical, CPG, BFSI, oil, and gas. Outsourcing rates in the region are extremely high, at about 60–70%. Thus, the penetration of integrated facilities management in the North America market is also very high.
The rise in the number of multinational corporations, especially in the Asia Pacific region and parts of the Middle East and Africa, has led to an increased demand for outsourced facility management services. The Asia Pacific is the fastest-growing market for outsourced facility management services, and the continued growth of major economies in the region, such as India and China, is expected to propel the demand growth further, leading to the growth of the integrated facilities management industry in the region.
Properties and Applications
Integrated facility management (IFM) is a method for consolidating all the company facilities and operations under one independent expert group. It streamlines coordination and decision-making between business leaders and facility managers to increase the productivity of the building(s) and make day-to-day operations much simpler.
It aims to create convenient, inviting spaces where professionals and consumers want to comply with government and industry regulations and standards to safeguard the quality and maintenance of the systems and equipment, as well as to protect them as investments to ensure the safety of the staff, enhancing the efficiency of employees and the facility itself.
Based on sourcing model, the facilities management market can be divided into:
Integrated facilities management finds its end-uses in:
The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The growing facilities management market significantly drives the global integrated facilities management market. The growth of facilities management sourcing and the adoption of an integrated facilities management strategy is leading to an increased number of buyers and encouraging improved partnerships with suppliers. Rising construction activities, as well as the creation of commercial property, is providing further impetus to the market growth, especially in regions like Latin America and the Asia Pacific. With improved economic conditions in the developing countries and large-scale industrial development, associated industries such as construction and real estate have thrived, leading to higher demand for outsourced facilities management services.
The market is also rising due to the rising number of multinationals, especially in the Asia Pacific region and some parts of the Middle East and Africa. Currently, these multinationals have multiple generations of employees working together, each with their own set of values and goals. Thus, they drive the demand for workspace solutions that can fill the gap and promote collaboration.
Outsourcing to a single player will allow consumers to standardize the service level across different regions. Productivity could be improved by the implementation of multiple KPIs and contract enforcement clauses. The outsourcing rate in North America is nearly 60% and is projected to reach about 70%. Outsourcing rates in Europe are very high due to a lack of cheap unskilled labour. Eastern Europe is expected to drive outsourcing rates in the next few years.
September 2018- CBRE (NYSE: CBRE) announced its acquisition of Kentucky-based consulting firm Noveen Consulting, which aids the owners of healthcare optimise the economics of operating and owning healthcare facilities.
The report gives a detailed analysis of the following key players in the global integrated facilities management market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Cost Structure
4.4 Key Players
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Facilities Management Overview
6.1 Figure: Global Facilities Management Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Facilities Management Market Breakup by Sourcing Model
6.2.1 In house FM
6.2.2 Single FM
6.2.3 Bundled FM
6.2.4 Integrated FM
6.3 Chart: Global Facilities Management Market Breakup by Region
6.3.1 North America
6.3.3 Asia Pacific
6.3.4 Latin America
6.3.5 Middle East and Africa
7 Global Integrated Facilities Management Market Analysis
7.1 Figure: Global Integrated Facilities Management Historical Market (2015-2019) & Forecast (2020-2025)
7.2 Chart: Global Integrated Facilities Management Market Breakup by End Use
7.2.1 Food and Soft Drinks
7.2.4 Personal Products
7.3 Figure: Global Integrated Facilities Management Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
7.3.1 Food and Soft Drinks
7.3.4 Personal Products
7.4 Chart: Global Integrated Facilities Management Market Breakup by Region
7.4.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
7.4.3 Asia Pacific
7.4.4 Latin America
7.4.5 Middle East and Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
7.5 Figure: Global Integrated Facilities Management Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
7.5.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
7.5.3 Asia Pacific
7.5.4 Latin America
7.5.5 Middle East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
8 Technological Innovations in Facilities Management
9 SWOT Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
11 EMR’s Key Indicators for Demand
12 EMR’s Key Indicator for Price
13 Procurement Strategy
13.1 Sourcing Models
13.2 Pricing Model
13.3 Proposal Evaluation
13.4 Negotiation Level
13.5 KPIs and SLAs
14 Cost Analysis
14.1 Labour Cost (Direct)
14.2 Labour Cost (Benefits)
14.3 Materials and Technology
15 Competitive Landscape & Supplier Analysis
15.1 Jones Lang LaSalle, IP, Inc.
15.1.1 Company Overview
15.1.2 Financial Analysis
15.2.1 Company Overview
15.2.2 Financial Analysis
15.3 ISS Facility Service
15.3.1 Company Overview
15.3.2 Financial Analysis
15.4.1 Company Overview
15.4.2 Financial Analysis
15.5 Compass Group PLC
15.5.1 Company Overview
15.5.2 Financial Analysis
15.6.1 Company Overview
15.6.2 Financial Analysis
16 Events and Developments
The global integrated facilities management market stood at a value of around USD 749 billion in 2019. The market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 7% to reach a value of nearly USD 1051 billion by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on sourcing model, the global facilities management market market can be segmented into in house FM, single FM, bundled FM, and integrated FM. The integrated facilities management market can be divided into food and soft drinks, pharmaceutical, BFSI, personal products, retail, and mining sectors based on end-use. The major regional markets of the service are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific expected to be the fastest growing regional market in the coming years. The key players in the above industry include Jones Lang LaSalle, IP, Inc., Sodexo, ISS Facility Service, CBRE, Compass Group PLC, and Lysis, among others.
The major drivers of the industry such as rising disposable incomes, growing urbanisation, rising construction activities, improved economic conditions, large-scale industrial development, rising number of multinationals, and improved productivity rates are driving the growth of the market globally. 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 industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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