Facilities Management Services Market Expected to Reach $2,525.10 Billion by 2030 | Industry, revenue and trend analysis

Facilities Management Services Industry

The facilities management services market size was valued at USD 1,253.30 billion in 2020, growing at a CAGR of 7.1% from 2021 to 2030

PORTLAND, OR, USA, October 27, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled “Facilities Management Services Market“The Facilities Management Services Market size was valued at USD 1,253.30 Billion in 2020 and is projected to reach USD 2,525.10 Billion by 2030, growing at a CAGR of 7.1% from 2021 to 2030.

Download a free sample PDF now (over 150 pages with more information) –https://www.alliedmarketresearch.com/request-sample/7024

The global facility management services market has witnessed huge demand in Asia-Pacific followed by North America and Europe owing to increasing industrialization and urbanization, boom in residential and non-residential construction and asset protection awareness.

However, shortage of skilled personnel and capital in developing countries, lack of management awareness and reliance on in-house facilities management team are major constraints in the facilities management services market. facilities. On the contrary, government investments in the construction infrastructure sector and technological advancements are expected to create opportunities for the growth of the facility management services market over the forecast period.

The major companies in the market have adopted strategies such as acquisition, partnership, and agreement to provide better services to customers in the facility management services market.

Facilities management services increase property value by offering different maintenance modalities. Furthermore, these services offer the most vital returns on real estate to landowners through organizational and value-added arrangements. Facility management services maintain owners’ functional and monetary objectives. Services include applications such as security, plumbing, electrical solutions and cleaning for various purposes.

Download a free sample PDF now (over 150 pages with more information) –https://www.alliedmarketresearch.com/request-sample/7024

Rising expenditure on construction projects is driving the growth of the facility management services market. The growing investment is due to the increase in demand for the development of commercial and residential properties. These investments include services such as maintenance, cleaning and landscaping. Hence, increasing spending on construction is driving the growth of the market. Moreover, the urban population of developing countries is increasing. Countries like India, Africa, and China are demanding commercial and residential buildings due to increased urbanization. Moreover, it leads to the growth of various industries including petroleum, mining, transportation, and pharmaceuticals. The growing industrial sector demands timely facility maintenance operations. Hence, increasing urbanization drives the growth of the market. Additionally, the awareness of asset and property protection by different companies and organizations is increasing, leading to the adoption of maintenance and security solutions, which is expected to drive the growth of the facility management services market.

However, the lack of education in different developing countries is limiting the growth of the market. Lack of education leads to shortage of skilled labor and low understanding of facility management services. Additionally, many companies use outsourced facility management services instead of in-house services. Thus, hampering the growth of the market.

The COVID-19 outbreak has brought about the shutdown of logistics and manufacturing activities across the globe, which in turn has led to the interruption in the supply chain, thus hampering the growth of the market for facility management services. However, this situation is expected to improve as governments around the world ease standards for resuming business activities.

On the contrary, technological advancements through the use of Internet of Things (IoT) provide better security, which is expected to create lucrative opportunities for companies operating in the market. In addition, various government initiatives have resulted in increased investment in commercial and rail projects. This in turn should provide new opportunities for facility management service providers.

The facilities management services market is segmented on the basis of service type, type, end user and region. By service type, the market is split into property, cleaning, security, catering and others. By Type, the market is segmented into outsourced and in-house. By end-user, the market is bifurcated into commercial, institutional, public/infrastructure, industrial, and others.

Regionally, the Facility Management Services market analysis is conducted in North America (US, Canada, and Mexico), Europe (UK, France, Germany, Italy, and Rest of Europe) , Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa). In 2020, Asia-Pacific was the largest contributor to the global facility management services market share, and LAMEA is expected to secure a leading position during the forecast period.

Download a free sample PDF now (over 150 pages with more information) –https://www.alliedmarketresearch.com/request-sample/7024

The main actors presented in the facilities management services industry include, Group Atalian (Arthur McKay & Co Ltd.), BVG India Ltd., CBRE Group, Inc., EMCOR Group, Inc., ISS World Services A/S, Knight Facilities Management, Quess Corp Ltd., Sodexo, Inc. , Downer Group (Spotless Group) and Tenon Group. Major companies in the market have adopted acquisition, partnership and agreement as the main development strategies to offer better products and services to customers in the market.

KEY FINDINGS OF THE STUDY

The report provides an in-depth analysis of current and emerging global facility management services market trends and dynamics.
By type of service, the real estate segment was the largest revenue generator in 2020.
By type, the internal segment generated the highest revenue in 2020.
By end user, the commercial segment led the market in 2020.
Regionally, Asia Pacific is expected to dominate the facility management services industry over the forecast period.
The opportunity analysis of the global facility management services market from 2021 to 2030 is included in the report.

Get a detailed analysis of the impact of COVID-19: https://www.alliedmarketresearch.com/request-for-customization/7024

Download a free sample PDF now (over 150 pages with more information) –https://www.alliedmarketresearch.com/request-sample/7024

Make a purchase request – https://www.alliedmarketresearch.com/purchase-enquiry/7024

More reports –

Blow Molding Machine Market – https://www.einpresswire.com/article/596711611/blow-molding-machine-market-expected-to-reach-6-9-billion-by-2030-industry-factors-trends-analysis-from-2021- 2030

Modular Chillers Market – https://www.einpresswire.com/article/596710327/modular-chiller-market-is-expected-to-reach-3-7-billion-by-2027-industry-drivers-trends-analysis-from-2020- to-2027

Paper machines – https://www.einpresswire.com/article/596916828/paper-making-machine-market-expected-to-reach-32-3-billion-by-2031-industry-revenue-trends-analysis-2022-2031

Fireproof material – https://www.einpresswire.com/article/596915755/fire-stopping-materials-market-expected-to-reach-2-002-4-million-by-2030-industry-trends-analysis-from-2021- to-2030

European Interior Doors – https://www.einpresswire.com/article/596914864/europe-interior-doors-market-is-expected-to-reach-19-4-billion-by-2030-industry-trends-analysis-from-2021- to-2030

David Correa
Allied Analytics LLP
+1 503-894-6022
write to us here
Visit us on social media:
Facebook
Twitter
LinkedIn