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Oct 13, 2020 2:48 AM ET

Facility Management Services Market Study: An Emerging Hint of Opportunity | Arthur McKay & Co Ltd., BVG India Ltd, CBRE Group, Inc. EMCOR Group, Inc.


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Facility Management Services Market by Service Type, (Property, Cleaning, Security, Catering, and Others), Type (Outsourced and In-House), and End User (Commercial, Institutional, Public/Infrastructure, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Facility Management Services  market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Facility Management Services  market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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Key Segments Studied in the Global Facility Management Services  Market

The global facility management services market was valued at $954,001.4 million in 2019, and is projected to reach $1,422,586.9 million by 2027, registering a CAGR of 6.6% from 2020 to 2027. Facility management services such as cleaning, security, catering, and others are used in commercial, industrial, and other sectors.

Facility Management Services Market

The global facility management services market experiences development due to several factors that include growth in the construction industry and increase in demand for outsourced integrated facility management services. Furthermore, a rise in awareness toward green building concepts is expected to drive the growth of the facility management services market.  In addition, adoption in technologies such as the Internet of Things (IoT) and big data in facility management specifically in Europe and North America are anticipated to cater to the development of the facility management services market.

The major players are engaged in providing facility management services to temples, buildings, and industrial areas. For instance, BVG India Ltd in India deals with facility management services such as cleaning, security, and maintenance services. BVG India Ltd holds the responsibility of the maintenance of Somnath Temple in Gujarat. In addition, building safety regulations by the government and rise in environment-related concerns, increases the demand for cleaning services, gardening, and landscaping services, are expected to drive the growth of the global facility management services market.

An increase in the adoption of integrated facility management services and outsourcing facility management services, within small as well as large companies, is anticipated to stimulate the growth of the facility management services market. Further, increase in commercial construction activities along with government initiatives such as “National Infrastructure Program”, and “Nation Program on Strategies for Sustainable Smart Cities”, and others are anticipated to boost the growth of the facility management services market. However, a shortage of skilled workforce and lack of managerial awareness and dependency on the in-house facility management team is expected to hinder the growth of the market. On the contrary, technological improvements such use of the Internet of Things (IoT) and increase in government investment in building infrastructure sectors and technological advancement are predicted to create lucrative opportunities for companies in the facility management services market.

The global facility management services market is segmented on the basis of service type, type, end user, and region. Based on service type, the market is divided into property, cleaning, security, catering, and others. Based on service type, property was the largest revenue-generating segment in 2019.

Based on type, the market is divided into outsourced and in-house. On the basis of type, the in-house segment generated the highest revenue in 2019 and outsourced segment is projected to grow at a significant CAGR from 2020 to 2027. Based on end user, the market is divided into commercial, institutional, public/infrastructure, industrial, and others. By end user, the commercial segment is projected to grow at a significant CAGR during the forecast period. Region wise, the global facility management services market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Based on region, Asia-Pacific accounted for over 38.2% share of the global  facility management services market in 2019.

COMPETITION ANALYSIS

Key companies profiled in the report include 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., Spotless Group Holdings Limited, and Tenon Group.

KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive analysis of the current and emerging facility management services market trends and dynamics.

In-depth market analysis is conducted by constructing market estimations for the key market segments between 2019 and 2027.

Extensive analysis of the facility management services market is conducted by following key product positioning and monitoring of the top competitors within the market framework.

A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.

The global facility management services market forecast analysis from 2020 to 2027 is included in the report.

The key market players within facility management services market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the facility management services industry.

Professional Key players: 

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.,     Spotless Group Holdings Limited,     and Tenon Group.

Market Segmentation:
Facility Management Services Market

By Service Type, (Property, Cleaning, Security, Catering, and Others),

By Type (Outsourced and In-House),

By  End User (Commercial, Institutional, Public/Infrastructure, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

 A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

 Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

The study objectives of this report are:

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Facility Management Services  Market Report:

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of Facility Management Services  market, Applications, Market Segment by Regions North America, Europe or Asia;
Chapter 2, objective of the study.
Chapter 3, to display Research methodology and techniques.
Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;
Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;
Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis
Chapter 10, focus on identifying the key industry influencer’s, overview of decision framework accumulated through Industry experts and strategic decision makers;
Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behavior, Marketing Channels and demand & supply.
Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)
Chapter 15, deals with Facility Management Services   Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

……..and view more in complete table of Contents

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