North America Facility Management Market Size, Analysis: By Type: In-House Facility Management, Outsourced Facility Management; By Offering: Hard FM, Soft FM; By End Use: Commercial, Public/Infrastructure, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032

North America Facility Management Market Outlook

The North America facility management market size reached approximately USD 352.22 billion in 2023. The market is projected to grow at a CAGR of 6.2% between 2024 and 2032, reaching a value of around USD 610.39 billion by 2032.

Key Takeaways

• Facility management services play a key role in improving business efficiency, enabling businesses to focus on core areas by taking care of non-core activities.

• Facility management providers are increasingly prioritising sustainability, with a specific focus on incorporating eco-friendly building practices.

• The integration of the Internet of Things (IoT) in facility management has been a significant factor propelling the North America facility management market growth.

Facility management (FM) is a specialised field that encompasses a wide range of responsibilities and services aimed at effectively managing an organisation's physical surroundings. It involves overseeing and maintaining buildings, infrastructure, personnel, and procedures to ensure the functionality, security, and convenience of the constructed environment in which the organisation operates.

One of the primary goals of facility management is to maximise resource utilisation. This involves efficiently managing an organisation's physical assets, such as buildings, equipment, and technology, to ensure they are utilised to their full potential. Facility management professionals are responsible for developing and implementing strategies to optimise the use of resources, minimise waste, and reduce costs. In addition to resource management, facility management also plays a crucial role in supporting an organisation's primary business goals by taking care of non-core competencies. Facility management professionals work closely with other departments and stakeholders to understand their needs and requirements. They then develop and implement plans to provide the necessary infrastructure, services, and support to enable businesses achieve their objectives.

Key Trends and Developments

Integration of the IoT in building infrastructure; use of data analytics and artificial intelligence; increased focus on sustainability, and the growing demand for healthcare facilities management services are the major trends in the North America facility management market

North America Facility Management Market Trends

The North America facility management market has experienced substantial growth due to the growing focus of businesses on improving their core competencies and the integration of the Internet of Things (IoT). This integration of the IoT supports the utilisation of smart building technologies, which help improve energy efficiency, optimise space usage, and enable predictive maintenance. Within buildings, IoT devices such as smart sensors and meters are strategically placed to monitor energy consumption patterns. By utilising IoT technology, automation, and intelligent controls, it is possible to dynamically regulate lighting, heating, ventilation, and air conditioning (HVAC) systems. This enables organisations to achieve optimal energy efficiency without compromising on the comfort of occupants.

The facility management sector is increasingly prioritising sustainability, placing a strong emphasis on the adoption of green building practices. This involves implementing energy-efficient technologies, reducing waste, and implementing environmentally friendly practices in order to obtain and uphold green building certifications.

As the demand for environmentally friendly and sustainable office infrastructure continues to rise, facility management providers are broadening their range of services to meet these requirements. Furthermore, green building certifications, such as LEED (Leadership in Energy and Environmental Design), BREEAM (Building Research Establishment Environmental Assessment Method), or ENERGY STAR, are becoming increasingly important, influencing the North America facility management market. These certifications serve as a widely recognised standard for sustainable building practices and showcase a dedication to environmental responsibility, exerting a positive influence on the market.

Market Segmentation

“North America Facility Management Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Outsourced facility management is further divided by type into single FM, bundle FM, and integrated FM.

The demand for outsourced facility management is high due to its cost effectiveness

Within the North America facility management market, there is a growing trend towards outsourcing facility management services due to its multiple benefits, including flexibility and cost-effectiveness. One of the key advantages of outsourcing facility management is the ability to achieve cost efficiencies. Specialised service providers often have the advantage of economies of scale, access to advanced technologies, and expertise in efficient processes, which allows them to deliver services at a lower cost.

Moreover, many organisations prefer to focus on their core business functions and strategic objectives. By outsourcing facility management, they are able to delegate non-core tasks such as maintenance, cleaning, and security to specialised providers, enabling them to concentrate on their primary areas of expertise.

Competitive Landscape

The market players are focusing on service improvement and integrating sustainable solutions to gain a competitive edge in the market

Other players in the North America facility management market are Jones Lang LaSalle IP, Inc., Express Facility Management, AHI Facility Services, Inc., ISS A/S, Shine Facility Services, LLC, and Guardian Service Industries, Inc., among others.

North America Facility Management Market Analysis by Country

The North America facility management market share is predominantly held by the United States, primarily due to various factors that contribute to the country's dynamic and extensive facility management sector. With the world's largest economy, the United States stands out for its technical expertise, improved business infrastructure, and robustness. The country's economic landscape encompasses a wide range of industries, including technology, finance, healthcare, manufacturing, and more, which necessitates a comprehensive and sophisticated approach to facility management.

Furthermore, the United States is at the forefront of facility management due to its increasing adoption of cutting-edge technologies such as IoT, AI, data analytics, and smart building solutions. This positions the country as a leader in the field.

Key Highlights of the Report

*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.