Latest News- Facility Management Services Market in North America: Commercial buildings is expected to lead the End-user segment during 2025-2029

The Facility Management Services Market in North America is being driven by Growth in infrastructure development

The Facility Management Services Market in North America is expected to grow at a CAGR of 10.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 183 billion. In the North American facility management services market, there is a burgeoning preference for eco-friendly cleaning solutions. This trend stems from heightened consumer and business consciousness regarding the environmental and health hazards posed by conventional cleaning products. In response, numerous facility management companies are providing green alternatives, utilizing cleaning products derived from natural, non-toxic, and biodegradable components. These firms are also embracing sustainable practices, such as minimizing waste, conserving energy, and reducing the application of harmful chemicals, to cater to this growing demand. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Commercial buildings
  • Government buildings
  • Residential buildings
• Service
  • Soft services
  • Hard services
• Type
  • Fixed-term
  • On-demand
• Geography
  • North America
    • Canada
    • Mexico
    • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth in infrastructure development
• Rising outsourcing activities in building management
• Growing need for safety and security

However, the market also witnesses some limitations, which are as follows:

• High market saturation
• Lack of skilled labor
• Need for regulatory compliance

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Market Scope in Facility Management Services Market in North America Research Report

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Research Analysis Overview

The Facility Management Services market in North America is experiencing a chain reaction as businesses seek management solutions from FM companies to optimize their property operations. Property managers and contractors collaborate to maintain and repair physical assets such as pipes and air conditioning units, ensuring pressure and temperature stability with the help of companies like Tempus. Employees on the business side benefit from cost savings through resource allocation, operational cost reductions, and maintenance practices. Energy-saving initiatives and space utilization are key focuses, with repairs prioritized to minimize energy consumption and enhance the working environment. A skilled team is essential for managing infrastructure and buildings effectively.

Market Research Overview

In the business landscape of North America, the Facility Management Services Market is experiencing significant growth. This market encompasses FM companies providing solutions for managing and maintaining various property systems, such as pipes and air conditioning units, for both commercial and industrial clients. The primary drivers of this market's expansion include the increasing emphasis on sustainability and environmental consciousness, as well as the demand for improved efficiency and experience from property managers and contractors. Technavio, a leading market research firm, forecasts the market's growth based on the combined revenue generated by these FM companies offering environmental, facilities, and waste management services, including pollution control.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/