Facility Management Services in North America: Discover Key Drivers that will Boost Growth
Growth Drivers and Market Forecast for 2021-2025
Technavio’s research on Facility Management Services Market in North America indicates that the market is set to grow by $ 122.97 billion, and will progress at a CAGR of over 9% till 2025. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.
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Facility Management Services Market in North America: Top Drivers for Growth
Growth in infrastructure development is identified as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Facility Management Services Market in North America: Segment List
This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Facility Management Services Market in North America is segmented by End-user (Commercial buildings, Government buildings, and Residential buildings), Service (Soft services and Hard services), and Geography (US, Canada, and Mexico). Request our Free Sample Report
Facility Management Services Market in North America: BGIS Global Integrated Solutions, Colliers International, Compass Group USA Inc., Continuum Services, Cushman and Wakefield Plc, GDI Integrated Facility Services, Global Facility Management and Construction Inc., ISS AS, Mace Group, and Sodexo Group are some of the leading competitors
The Facility Management Services Market in North America is fragmented and market growth of the depends on market conditions, government support, and industry development. Our report offers a detailed study of all the factors that can influence growth. BGIS Global Integrated Solutions, Colliers International, Compass Group USA Inc., Continuum Services, Cushman and Wakefield Plc, GDI Integrated Facility Services, Global Facility Management and Construction Inc., ISS AS, Mace Group, and Sodexo Group are some of the major market participants. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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The report provides insights into the following FAQs:
Facility Management Services Market in North America Size to Grow by $ 122.97 bn During 2021-2025
Technavio has been monitoring the facility management services market in North America and it is expected to grow by $ 122.97 bn, accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Facility Management Services Market In North America: US to lead market growth during the forecast period
Facility Management Services Market In North America: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BGIS Global Integrated Solutions, Colliers International, Compass Group USA Inc., Continuum Services, Cushman and Wakefield Plc, GDI Integrated Facility Services, Global Facility Management and Construction Inc., ISS AS, Mace Group, and Sodexo Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Facility Management Services Market In North America: Key Highlights of the Report for 2021-2025
Facility Management Services Market in North America to Grow by Nearly $ 123 Billion through 2021-2025
Technavio has been monitoring the Global Facility Management Services Market in North America and it is expected to grow by $ 122.97 billion, accelerating at a CAGR of over 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
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Facility Management Services Market in North America: Growth in infrastructure development to Drive Growth
Rising construction activities in both residential and non-residential sectors will result in an increased demand for facility management services in North America. The construction industry in the region is expected to grow rapidly, signifying rapid real estate and infrastructure development during the forecast period. Advances in the construction sector will play a vital role in generating increased demand for outsourcing facility management services as building owners will show an inclination toward managing their operational costs and delivering an improved environment to occupants. The rise in commercial building construction, especially in the US, boosts the need for effectively managing facilities in the country.
The value proposition offered to building owners is driving the growth prospects for the facility management services market growth in North America. Vendors are strategizing to help businesses achieve objectives in terms of cost and energy efficiency by providing them assistance during the early stages of the building design process. The value proposition may vary from social and environmental to economic concerns. Vendors offering social benefits concern and care for inhabitants, including staff, customers, and external stakeholders. Similarly, environmental measures minimize the environmental impact caused by building operations, and economic benefit maximizes the shareholder profits along with overall business growth.
Facility Management Services Market In North America: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. BGIS Global Integrated Solutions, Colliers International, Compass Group USA Inc., Continuum Services, Cushman and Wakefield Plc, GDI Integrated Facility Services, Global Facility Management and Construction Inc., ISS AS, Mace Group, and Sodexo Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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