United States Facility Management Market Growth, Size, Trends, Demand and Future Outlook
United States Facility Management Market Size- By Type of Facility Management Type, By Offering, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: IACT24110 | Pages: 1 - 102 | Formats*: |
| Category : Information & Communications Technology | |||
United States Facility Management Market Introduction and Overview
According to SPER Market Research, the United States Facility Management Market is estimated to reach USD 484.71 billion by 2033 with a CAGR of 6.93%.
The report includes an in-depth analysis of the United States Facility Management Market, including market size and trends, product mix, applications, and supplier analysis. Facility management (FM) is a multidisciplinary profession that integrates people, process, place, and technology to ensure the functional, safe, comfortable, and efficient operation of the physical environment. FMs contribute to a company's bottom line by managing what are frequently an organization's most significant and valuable assets, such as property, equipment, buildings, and other environments that house personnel, productivity, inventory, and other operational elements. Facility management services include building upkeep, utilities, maintenance operations, garbage disposal, security, and so on. These services are separated into two categories: hard facility management services and soft facility management services.
- January, 2023: ISS A/S, a global leader in workplace experience and facility management, has announced the growth and extension of its collaboration with a leading technology business.
- September 2022: Siemens Energy signed a five-year contract with EMCOR Facilities Services Inc. (EMS), a division of the EMCOR Group. EFS will provide over 100 staff throughout Siemens' 49 North American plants.
Market Opportunities and Challenges
Opportunities- The growing emphasis on integrating Building Information Modeling (BIM) with facility management represents an enormous opportunity to transform how businesses manage and maintain their physical assets. BIM is a digital representation of a building's physical and functional properties, resulting in a comprehensive and data-rich model of design, construction, and operation. When seamlessly integrated with facilities management processes, BIM provides various benefits. BIM offers a seamless transition from construction to facility operations. The complete digital model includes data on the building's components, systems, and materials, which can be useful for maintenance planning and management.
Challenges- The lack of technical knowledge necessary to run and maintain these systems hinders their use. Organizations have not acknowledged facilities management as a profession. This has resulted in a shortage of individuals with expertise in facility management solutions. In addition, large firms lack the necessary management and executive-level technological skill sets to handle complicated facility management systems. Qualified specialists work to overcome these issues, but it will take several years to educate and train staff who use facilities management solutions. These worries about the availability of technical talent are expected to hinder adoption and expansion in the global facility management industry.
Market Competitive Landscape
The US Facility Management Market is fragmented due to the significant presence of local and global competitors. The increasing demand for facility management services is likely to attract more competitors, intensifying competition in the market during the forecast period. Some of the prominent companies in the US facility management market include Compass Group PLC, Sodexo, Inc, CBRE Group, Inc, Ingersoll Rand (Trane), Ecolab, ISS Facilities Services Inc, G4S PLC, Jones Lang LaSalle Incorporated (JLL), EMCOR Group, Inc, Cushman & Wakefield, among others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type of Facility Management Type, By Offering, By End User |
| Regions covered | Northeast Region, Midwest Region, Western Region, Southern Region |
| Companies Covered | CBRE Group, Inc, Jones Lang LaSalle Incorporated, Cushman & Wakefield plc, Emeric Facility Services, SMI Facility Services, Sodexo, Inc, AHI Facility Services, Inc, ISS Facility Services, Inc, Shine Management & Facility Services, Guardian Service Industries, Inc. |
COVID-19 Impact on United States Facility Management Market
The COVID-19 epidemic has caused economic disruption due to subsequent lockdowns. It has also had an influence on the sector; nevertheless, since the epidemic began, facilities managers have fought back by investigating new choices for remote work or socially distant workplaces. In contrast, rising awareness of cleanliness, administration, maintenance, and security is predicted to boost future market growth. Furthermore, governments in the worst-affected countries, including as Spain, Italy, the United States, China, and the United Kingdom, are investing in these services to rid the containment zones of COVID-19. Additionally, in order to help businesses and government organizations operate effectively in limited locations, service providers are concentrating on offering end-to-end property management services.
Key Target Audience:
- Commercial Property Owners
- Educational Institutions
- Government Agencies
- Healthcare Facilities
- Hospitality Industry
- Industrial and Manufacturing Companies
- Property Management Firms
- Real Estate Developers
- Retail Businesses
- Transportation Hubs (airports, train stations, etc.)
Our in-depth analysis of the United States Facility Management Market includes the following segments:
| By Type of Facility Management Type: |
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| By Offering: |
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| By End User: |
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Key Topics Covered in the Report:
- United States Facility Management Market Size (FY’2024-FY’2033)
- Overview of United States Facility Management Market
- Segmentation of United States Facility Management Market By Type of Facility Management Type (Inhouse Facility Management, Outsourced Facility Management)
- Segmentation of United States Facility Management Market By Offering (Hard FM, Soft FM)
- Segmentation of United States Facility Management Market By End User (Commercial, Institutional, Public/Infrastructure, Industrial, Others)
- Statistical Snap of United States Facility Management Market
- Expansion Analysis of United States Facility Management Market
- Problems and Obstacles in United States Facility Management Market
- Competitive Landscape in the United States Facility Management Market
- Impact of COVID-19 and Demonetization on United States Facility Management Market
- Details on Current Investment in United States Facility Management Market
- Competitive Analysis of United States Facility Management Market
- Prominent Players in the United States Facility Management Market
- SWOT Analysis of United States Facility Management Market
- United States Facility Management Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United States Facility Management Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Facility Management Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Facility Management Market
7. United States Facility Management Market, By Type of Facility Management Type (USD Million) 2020-2033
7.1. United States Facility Management Market Size, Share and Forecast, By Type of Facility Management Type, 2020-20267.2. United States Facility Management Market Size, Share and Forecast, By Type of Facility Management Type, 2027-20337.3. Inhouse Facility Management7.4. Outsourced Facility Management7.4.1. Single FM7.4.2. Bundled FM7.4.3. Integrated FM
8. United States Facility Management Market, By Offering (USD Million) 2020-2033
8.1. United States Facility Management Market Size, Share and Forecast, By Offering, 2020-20268.2. United States Facility Management Market Size, Share and Forecast, By Offering, 2027-20338.3. Hard FM8.4. Soft FM
9. United States Facility Management Market, By End User (USD Million) 2020-2033
9.1. United States Facility Management Market Size, Share and Forecast, By End User, 2020-20269.2. United States Facility Management Market Size, Share and Forecast, By End User, 2027-20339.3. Commercial9.4. Institutional9.5. Public/Infrastructure9.6. Industrial9.7. Others
10. United States Facility Management Market Forecast, 2020-2033 (USD Million)
10.1. United States Facility Management Market Size and Market Share
11. United States Facility Management Market, By Region, 2020-2033 (USD Million)
11.1. United States Facility Management Market Size and Market Share By Region (2020-2026)11.2. United States Facility Management Market Size and Market Share By Region (2027-2033)11.3. Northeast Region11.4. Midwest Region11.5. Western Region11.6. Southern Region
12. Company Profile
12.1. CBRE Group, Inc12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Jones Lang LaSalle Incorporated12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Cushman & Wakefield plc12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Emeric Facility Services12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. SMI Facility Services12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Sodexo, Inc12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. AHI Facility Services, Inc12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. ISS Facility Services, Inc12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Shine Management & Facility Services12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Guardian Service Industries, Inc12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Facility Management Market CAGR of 6.93% during the forecast period.
You can get the sample pages by clicking the link -Click Here
United States Facility Management Market size is USD 484.71 billion from 2024 to 2033.
United States Facility Management Market Segment is Covered By Type of Facility Management Type, By Offering, By End User
The North America region is anticipated to have the highest market share in United States Facility Management Market.
The key players in the market include Companies Covered CBRE Group, Inc, Jones Lang LaSalle Incorporated, Cushman & Wakefield plc, Emeric Facility Services, SMI Facility Services, Sodexo, Inc, AHI Facility Services, Inc, ISS Facility Services, Inc, Shine Management & Facility Services, Guardian Service Industries, Inc.
The growing emphasis on integrating Building Information Modeling (BIM) with facility management represents an enormous opportunity to transform how businesses manage and maintain their physical assets.
United States Facility Management Market is projected to reach USD 484.71 billion by 2033, growing at a CAGR of 6.93% during the forecast period.
United States Facility Management Market grew in market size from 2024. The Market is expected to reach USD 484.71 billion by 2033, at a CAGR of 6.93% during the forecast period.
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