Global “Facility Management ” study 2022, the industry landscape is covered from driving factors to upstream markets and the overall state of the market. An in-depth analysis of the overall growth prospects for the global and regional market was provided which was based on an in-depth analysis of key industry players, primary and secondary data.
Market Analysis and Insights: Global Facility Management Market
Due to the COVID-19 pandemic, the global Facility Management Market size is estimated to be worth USD million in 2022 and is forecast to a readjusted size of USD million by 2028 with an Impressive CAGR during the review period. Fully considering the economic change by this health crisis, Small Size accounting for % of the Facility Management Market in 2022, is projected to value USD million by 2028, growing at a revised magnificent CAGR in the post-COVID-19 period. While Chemical Industry segment is altered to a magnificent CAGR throughout this forecast period.
Facility Management Market is projected to grow from USD 1,249.45 billion in 2021 to USD 1,759.25 billion in 2028 at a CAGR of 5.0% during the 2021-2028 period.
Facility Management Market Regional Analysis:
Moreover, This report focuses on Facility Management Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2029, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
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Top companies in the Global Facility Management Market research report include:
- Sodexo (France)
- CBRE Group, Inc. (United States)
- ISS A/S (Denmark)
- Compass Group (United Kingdom)
- Aramark (United States)
- Jones Lang LaSalle Incorporated (United States)
- Cushman & Wakefield plc. (United States)
- Tenon Group (India)
- Johnson Controls International plc (Ireland)
- Dussmann Group (Germany)
Increasing Construction of Railways, Airports, and Ports to Augment Growth
Governments of various countries are nowadays joining hands with private contractors to make their infrastructure green and clean. They are investing in the construction of airports, ports, and railways. The government of Saudi Arabia, for instance, rose around USD 36 billion for over eleven years for the betterment of transportation infrastructure. These factors are anticipated to bolster the facility management market growth in the upcoming years. However, the lack of funding and financial resources in emerging nations may hinder the demand for facility management services and create major challenges for small and medium-sized companies.
Presence of Organized and Unorganized Players to Boost Growth in Asia Pacific
Geographically, Asia Pacific held USD 476.38 billion in terms of revenue in 2019. It is expected to remain at the forefront because of the presence of numerous organized and unorganized companies in China and India. North America, on the other hand, is set to showcase gradual growth backed by the early adoption of innovative technologies, such as robots, artificial intelligence, and IoT. But, lockdown measures amid the COVID-19 pandemic have impacted growth in Canada and the U.S. negatively.
In Europe, the rising implementation of precautionary measures by regulatory bodies would lead to moderate growth. Lastly, in Latin America and the Middle East and Africa, surging real estate sector and investments in tourism by governments would propel the demand for facility management services.
- Market Sizing Estimations and Forecasts – By Service Type (Value)
- Hard Services
- Soft Services
- Other Services
- Market Sizing Estimations and Forecasts – By Industry (Value)
- Military & Defence
- Real Estate
- Others (IT & Telecommunication, BFSI, etc.)
- Market Analysis, Insights and Forecast – By Region (Value)
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
COVID-19 Outbreak Impact Analysis on Facility Management Market
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
The COVID-19 outbreak has spawned widespread economic distress and uncertainty, with many industries, markets, and businesses undergoing tremendous stress. However, together, the global community can tide over these challenging times and at Fortune Business Insights™, we aim to provide precise market intelligence through extensive and intensive research into the impact of this pandemic on various businesses.
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Facility Management Market Historical Data:
- Industry Trends: Global Revenue, Status and Outlook.
- Market segment: by types, by applications, by regions / geography.
- Competitive landscape: for producers, development trends.
- Revenue of the product for the best players: market share, growth rate, analysis of the current market situation.
- Sales revenue: market share, growth rate, current market analysis.
We follow a robust research methodology that involves data triangulation based on top-down, bottom-up approaches, and validation of the estimated market numbers through primary research. The information used to estimate the market size and forecast for various segments at the global, regional, and country-level is derived from the most credible published sources and through interviews with the right stakeholders.
The Growth rate or CAGR exhibited by a market for a certain forecast period is calculated on the basis of various factors and their level of impact on the market. These factors include market drivers, restraints, industry challenges, market and technological developments, market trends, etc.
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