Africa Facility Management Market 2024: Industry Growth, Competitive Analysis, Future Prospects and Forecast 2030

Posted by Akio Komatsu on September 12th, 2024

According to MarkNtel Advisors study the Africa Facility Management Market size is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30.

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Key Findings of the Study: Africa Facility Management market

Africa Facility Management Market Driver:

Rising Infrastructural Development to Boost Africa Facility Management Market – The surge in infrastructural development across Africa represents a transformative shift in the Africa Facility Management Market, catalyzed by proactive government initiatives and robust support from international entities. This momentum is evident in the substantial increase in construction activities observed across various sectors, from commercial to educational, transportation, and healthcare. Countries like Nigeria have emerged as focal points of this development, witnessing a boom in construction projects ranging from towering commercial edifices in Lagos to state-of-the-art educational institutions in Abuja.

The involvement of institutions such as the World Bank and the African Development Bank underscores the magnitude of investment flowing into these ventures, driving unprecedented growth opportunities. This prioritization of infrastructure development reflects a broader trend sweeping across the continent, where governments are strategically investing in projects aimed at stimulating economic growth & fostering social development.  

Africa Facility Management Market Challenge:

Skill Gap Challenge in Africa's Facility Management Market – The skill gap challenge in the Africa Facility Management Market represents a multifaceted obstacle that hampers the sector's potential for growth & development. At its core, the shortage of educational skills and training opportunities acts as a significant barrier, preventing individuals from acquiring the necessary knowledge and expertise to effectively navigate the intricacies of facility management processes. Hence, this dearth of skilled professionals not only limits the talent pool available to meet the growing demand for facility management services but also undermines the sector's ability to innovate & adapt to evolving market trends.

Moreover, the pervasive lack of awareness about the advantages of facility management services further compounds the challenge, hindering efforts to attract and retain top talent within the industry. Consequently, industry leaders are faced with the daunting task of bridging this skill gap while simultaneously addressing the broader systemic issues that impede the Africa Facility Management Industry growth.

For more detailed information about the Africa Facility Management market report, click here – https://www.marknteladvisors.com/research-library/africa-facility-management-market.html

Scope of the Report and Africa Facility Management Market Segmentation:

By Type

  • Hard- Market Size & Forecast 2019-2030F, USD Million
    • District Cooling- Market Size & Forecast 2019-2030F, USD Million
    • Building Management- Market Size & Forecast 2019-2030F, USD Million
    • Plumbing Apparatus, Pumps, Sanitary units, etc. - Market Size & Forecast 2019-2030F, USD Million
    • Electrical Installation- Market Size & Forecast 2019-2030F, USD Million
    • Energy Management- Market Size & Forecast 2019-2030F, USD Million
    • Air Conditioning System- Market Size & Forecast 2019-2030F, USD Million
    • Roads & Street Lighting System- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million
  • Soft- Market Size & Forecast 2019-2030F, USD Million
    • Cleaning Services- Market Size & Forecast 2019-2030F, USD Million
    • Catering- Market Size & Forecast 2019-2030F, USD Million
    • Pest Control- Market Size & Forecast 2019-2030F, USD Million
    • Landscaping- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million
  • Risk- Market Size & Forecast 2019-2030F, USD Million
    • Insurance Management- Market Size & Forecast 2019-2030F, USD Million
    • Security- Market Size & Forecast 2019-2030F, USD Million
    • Disaster Management- Market Size & Forecast 2019-2030F, USD Million
    • Reserve/Sinking Fund- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million
  • Administrative- Market Size & Forecast 2019-2030F, USD Million
    • Mail Management- Market Size & Forecast 2019-2030F, USD Million
    • Front Office Management- Market Size & Forecast 2019-2030F, USD Million
    • Space Planning & Management- Market Size & Forecast 2019-2030F, USD Million
    • Inventory Management- Market Size & Forecast 2019-2030F, USD Million
    • Others- Market Size & Forecast 2019-2030F, USD Million

By Operating Model

  • In-house- Market Size & Forecast 2019-2030F, USD Million
  • Outsourced- Market Size & Forecast 2019-2030F, USD Million

By Service Delivery

  • Integrated- Market Size & Forecast 2019-2030F, USD Million
  • Bundled- Market Size & Forecast 2019-2030F, USD Million
  • Single Services- Market Size & Forecast 2019-2030F, USD Million

By End Users

  • Residential- Market Size & Forecast 2019-2030F, USD Million
  • Government- Market Size & Forecast 2019-2030F, USD Million
  • BFSI- Market Size & Forecast 2019-2030F, USD Million
  • Corporates- Market Size & Forecast 2019-2030F, USD Million
  • Healthcare- Market Size & Forecast 2019-2030F, USD Million
  • Hospitality- Market Size & Forecast 2019-2030F, USD Million
  • Others (Education, Retail, etc.) - Market Size & Forecast 2019-2030F, USD Million

By Enterprise Size

  • Large- Market Size & Forecast 2019-2030F, USD Million
  • Mid-size- Market Size & Forecast 2019-2030F, USD Million
  • Small- Market Size & Forecast 2019-2030F, USD Million

Outsourced facility management solutions have emerged as a dominant force in the Africa Facility Management Market, driven by various factors and exemplified by notable projects & partnerships across the continent.

Geographical Analysis:

By Country

  • South Africa
  • Egypt
  • Nigeria
  • Algeria
  • Morocco
  • Rest of Africa

Nigeria's prominent position in the Africa Facility Management Market is emphasized by its proactive approach to infrastructural development, driven by a series of strategic government initiatives and collaborative investments from international organizations.

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Akio Komatsu

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Akio Komatsu
Joined: August 6th, 2024
Articles Posted: 404

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