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
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| 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:
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By Type of Facility Management Type:
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Inhouse Facility Management
Outsourced Facility Management
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By Offering:
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Hard FM
Soft FM
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By End User:
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Commercial
Institutional
Public/Infrastructure
Industrial
Others
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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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Facility Management Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Facility Management Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2020-2026
7.2. United States Facility Management Market Size, Share and Forecast, By Type of Facility Management Type, 2027-2033
7.3. Inhouse Facility Management
7.4. Outsourced Facility Management
7.4.1. Single FM
7.4.2. Bundled FM
7.4.3. 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, 2020-2026
8.2. United States Facility Management Market Size, Share and Forecast, By Offering, 2027-2033
8.3. Hard FM
8.4. 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, 2020-2026
9.2. United States Facility Management Market Size, Share and Forecast, By End User, 2027-2033
9.3. Commercial
9.4. Institutional
9.5. Public/Infrastructure
9.6. Industrial
9.7. 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 Region
11.4. Midwest Region
11.5. Western Region
11.6. Southern Region
12. Company Profile
12.1. CBRE Group, Inc
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Jones Lang LaSalle Incorporated
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Cushman & Wakefield plc
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Emeric Facility Services
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. SMI Facility Services
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Sodexo, Inc
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. AHI Facility Services, Inc
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. ISS Facility Services, Inc
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Shine Management & Facility Services
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Guardian Service Industries, Inc
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links