Hard Services Facility Management Market Demand and Growth Opportunities Detailed Analysis Report
Posted on Sep 21 2022 7:29 AM
"Hard Services Facility Management Market Size, Share & Industry Analysis, By Service Type (Outsourced and In-house), By Industry Vertical (Healthcare, Government, Education, Military & Defense, Real Estate and Others) and Regional Forecast, 2019-2026 "
According to the latest report, titled “Hard Services Facility Management Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast’ the India facility management market is expected to exhibit a Huge CAGR during the Forecast Period. The global Vertical Milling Machine market size stood at USD 6.91 billion in 2018 and is projected to reach USD 8.77 billion by 2026 exhibiting a CAGR of 3.0% during the forecast period
This COVID-19 analysis of the report includes COVID-19 IMPACT on the production and, demand, supply chain. This report provides a detailed historical analysis of the global Hard Services Facility Management Market by region/country and subsectors. The report covers the revenue, sales volume, price, historical growth, and future perspectives in the Hard Services Facility Management Market.
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A few top players in the industry are-
- CBRE Group, Inc.
- ISS A/S
- Compass Group
- Jones Lang LaSalle Incorporated
- Cushman & Wakefield plc.
- Tenon Group
- Johnson Controls International plc.
- AMEC Facilities
The report gives a precise view of the future perspective and present market demands. The report also includes facts and statistics, tables & figures referred to in this report for strategic planning which leads to the success of the organizations. In this market report, the market share that various manufacturers hold in the global Hard Services Facility Management Market and the market concentration is described in the report.
On the basis of Geography, the Global Hard Services Facility Management Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to hold a considerable share in the global Hard Services Facility Management Market. Due to increasing investment for research and development process and adoption of solutions in the region whereas Asia-Pacific is expected to grow at a faster pace during the forecasted period.
The growing number of Hard Services Facility Management Market players across regions is expected to drive market growth further. Moreover, increasing investments by prominent vendors in product capabilities and business expansion is expected to fuel the market during the study period. Many market players are finding lucrative opportunities in emerging economies like China and India, where the large populations are coupled with new innovations in numerous industries.
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Launch of New “braille food menu” by Sodexo to Augment Growth
Sodexo, a French food services and facilities management company headquartered in Paris introduced a braille menu for patients at Queen’s Hospital Romford. The new menu can be a vital factor in accelerating the market revenue for hard services facility management due to its presentation in each ward to ensure patients with visual impairments can understand the standard menu. Furthermore, Sodexo Patient Dining Manager at Queen’s Hospital Romford, Karen Ford-Sneddon, said in a statement, “We truly care about our patients and so are always looking for ways to improve how we meet individual patient needs and help ensure a patient’s stay is as comfortable as possible.” She further added, “The introduction of a braille menu is vital to empower our visually impaired patients and help them to feel welcome at mealtimes. We worked closely with the Royal National Institute of Blind People (RNIB) to make sure these menus were perfect for our customers. In addition, the increasing strategic acquisitions and partnership among key players will spur lucrative business opportunities for the market in the forthcoming years. For instance, in August 2019, Aramark, an American food service, facilities, and uniform services provider announced the acquisition of Good Uncle, a food delivery service application that delivers fresh ready to eat meals in college campuses.
An overview of the Hard Services Facility Management Market’s regional outlook:
The market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America is further subdivided into countries such as the United States and Canada. The Europe region is further divided into the United Kingdom, France, Germany, Italy, Spain, Russia, and the Rest of Europe. China, Japan, South Korea, India, Australia, South East Asia, and the rest of Asia Pacific are subdivided into Asia Pacific. The Latin America region is separated into Brazil, Mexico, and the rest of Latin America, whereas the MEA region is divided into GCC, Turkey, South Africa, and the rest of MEA.
Rising Emphasis on Modernization to Foster Growth in Asia Pacific
The market in Asia Pacific generated a revenue of USD 209.64 billion in 2018 and is predicted to grow rapidly during the forecast period owing to the surge in real estate sector. The growing modernization and urbanization will boost the hard services facility management market growth in the region. The rising population in China and India along with the emerging players will aid development in Asia Pacific. The increasing investment in smart city by government will bolster healthy growth in the region. North America and Europe is expected to witness rapid growth during the forecast period owing to the surge in construction industry in the region.
- What is the driving factor for the growth of the Hard Services Facility Management Market?
- How will the COVID-19 pandemic impact the demand and consumption of the Hard Services Facility Management Market?
- What is the major application area of the Hard Services Facility Management Market?
- Who are the Hard Services Facility Management Market manufacturers across the globe?
- Which geographical location is dominant in the Hard Services Facility Management Market?
- Which are the top industry players in the Hard Services Facility Management Market?
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