Facility Management Services Market size was over USD 558 billion in 2021

Posted by Satr Martin on February 15th, 2018

North America facility management market is one of the growing markets across the region. Rise in infrastructure & economic development in the region are projected to fuel the market for facility management in the respective region over the forecast period. Rising concern in the evaluation of business investments & utilization of resources through optimistic approach is expected to contribute significantly in the overall growth of facility services management market in North America in the forecast period 2016-2023.

North America facility management services market is expected to flourish at a CAGR of 3.1% over the forecast period. Moreover, North America facility management services market is projected to garner USD 558 Billion by the end of 2021.  Increasing adoption of infrastructure facilities and services is expected to positively impact the growth of the facility management services market. Further, increasing adoption of sustainable building practices is expected to expand the market of facility management services in the years ahead.

U.S. is believed to account for the largest market share in overall facility management services market during the forecast period. Further, U.S. is poised to continue its dominance over the forecast period. Further, rebounding of the construction market in the nation is likely to augur well for facility management services market in the region. Further, increasing adoption of cleaning services for commercial and industrial buildings is anticipated to fuel the growth of the U.S. facility management services market during the forecast period. Canada facility management services market is anticipated to showcase significant growth rate over the forecast period.

Increasing Investment on Infrastructure Development

The facility management market is growing in North America owing to the increasing growth of budget for various infrastructure development and management. Further, the presence of various facility management service providers in the region is expected to positively impact the growth of the market during the forecast period.

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Growing Reliance on Advanced Facility Management Services

Rising demand for advanced facility management services such as computer aided facility management services are anticipated to foster the growth of the facility management services market in the region. Moreover, increasing number of commercial establishments in the region is believed to impel the growth of the facility management services market during the forecast period.

Although, presence of high unorganized segment is likely to negatively impact the growth of the facility management services market in the near future.

The report titled “Facility Management Services Market: North America Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of North America facility management services market in terms of market segmentation by services, by solutions, by end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

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This report also provides the existing competitive scenario of some of the key players of North America facility management services market which includes company profiling of Archibus, Johnson Controls Inc., Turner facilities Management Ltd., Flour Corporation, Aramark Corporation, Carillion PLC, ABM Industries Incorporated and Jones Lang LaSalle, IP, Inc., Cushman & Wakefield and  BGIS North America. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of North America facility management services market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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