Facility Management Market 2023 current trends, latest expansions, scenario, market size, drivers, restraints, and major players
Posted on Mar 24 2023 6:47 AM
"Facility Management Market is projected to grow from USD 1,260.36 billion in 2022 to USD 1,856.44 billion by 2029, exhibiting a CAGR of 5.7% during the forecast period 2022-2029 "
The "Facility Management Market" research report provides an in-depth analysis of the current trends, latest expansions, scenario, market size, various drivers, restraints, and major players along with their profile details. Facility Management Market is projected to grow from USD 1,260.36 billion in 2022 to USD 1,856.44 billion by 2029, exhibiting a CAGR of 5.7% during the forecast period 2022-2029 With the help of all this information research report helps the market contributors to improve market positions.
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Top Players in the Global Facility Management Market
- Sodexo (France)
- CBRE Group, Inc. (United States)
- ISS A/S (Denmark)
- Compass Group (United Kingdom)
- Aramark (United States)
- Jones Lang LaSalle Incorporated (United States)
- Cushman & Wakefield plc. (United States)
- Tenon Group (India)
- Johnson Controls International plc (Ireland)
- Dussmann Group (Germany)
Attractive Economic & Environmental Benefits of HVAC VRF Systems to Foster Growth
The economic and environmentally beneficial properties of variable refrigerant flow systems are the two most compelling reasons for their increasing adoption. For example, because the VRF technology requires the installation of only one HVAC unit, costs on additional units and equipment, which are substantial in the context of large constructions, are saved. This also automatically brings down maintenance costs as only one HVAC system needs to be operated. In terms of energy efficiency too, VRF systems appear attractive. This is due to the fact that these systems are engineered to facilitate the simultaneous distribution of cold and hot air in individual zones, where each unit has its own thermostat. Thus, the VRF technology reduces heat wastage and the unit only needs to use 30-70% of its capacity. These factors are crucial in augmenting the prospects of this market.
Asia Pacific to Present Huge Growth Opportunities; North America to Gain from Product Launches
Asia Pacific is foreseen to dominate the variable refrigerant flow systems market share during the forecast period on account of the mushrooming growth of commercial buildings in the region. As a consequence, the uptake of VRF systems is skyrocketing across the region. In 2020, the Asia Pacific market size stood at USD 10.12 billion.
The market in North America is surging on the back of frequent product releases by leading industry players, such as LG’s introduction of the V5 multi-VRF units in Canada in 2018. In Europe, rising awareness about the effects of climate change is propelling the demand for energy-efficient variable refrigerant flow systems solutions in the region.
The study also considers the competition environment, and the report will include an overview of the major market competitors in Facility Management Market as well as their market forecasts.
In addition, the report will include information on important advancements, international developments, sales networks, corporate strategy, studies and development initiatives, number of key executives for all significant market participants.
By Service Type
- Hard Services
- Soft Services
- Other Services
By Industry Vertical
- Military & Defense
- Real Estate
- Others (IT & Telecommunication, BFSI)
- North America (Service Type, Industry Vertical, Region)
- Europe (Service Type, Industry Vertical, Region)
- Asia Pacific (Service Type, Industry Vertical, Region)
- Middle East & Africa (Service Type, Industry Vertical, Region)
- Latin America (Service Type, Industry Vertical, Region)
Facility Management Market Regional Growth:
The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Facility Management Market by its Type, Applications, End User and Region.
Important Points Covered by Report:
- To analyze the value of the Facility Management Market, according to the key region.
- To study the Facility Management Market's current trends, prospects, and also their participation in the entire sector.
- Report consists the of in-depth information related to the region/countries, major key players, current trends and their analysis, product type, applications, and other background information
- The report provides detailed information about drivers, restraints, and the future scope of the Facility Management Market.
- The report covers information about historic data analysis as well as forecast period analysis.
- Identify, define, and project the Market by type, application, end-user, and geography.
- Analyze the market dynamically, mentioning market forces and market growth restraints.
- Provide business expansion strategy analysis, including market segment definition, client analysis, distribution model, product branding and positioning, and price strategy analysis.
- Analyze the stakeholders’ market potential and give market leaders specifics on the competitive environment.
Speak to the Analyst:
Data Collection Matrix:
- Technology distributors and wholesalers
- End-user surveys
- Consumer surveys
- Mystery shopping
- Company reports and publications
- Government publications
- Independent investigations
- Economic and demographic data
- Case studies
- Reference customers
Questions Answered by This Report
- What was the market size of Facility Management Market in 2022?
- What will be the CAGR of Facility Management Market during the forecast period from 2022-2029?
- Who are the major players in Global Facility Management Market?
- Which region held the largest share in Facility Management Market in 2029?
- What are the key market drivers of Facility Management Market?
- Who is the largest end-user Facility Management Market?
- What will be the Facility Management Market value in 2029?
Key Points from TOC:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
- Executive Summary
- Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
- Key Insights
4.1 Global Statistics — Key Countries
4.2 New Product Launches
4.3 Pipeline Analysis 2023
4.4 Regulatory Scenario — Key Countries
4.5 Recent Industry Developments — Partnerships, Mergers & Acquisitions
- Global Facility Management Market Analysis 2023, Insights, and Forecast
5.1. Key Findings/ Summary
5.2. Market Analysis — By Product Type
5.3. Market Analysis — By Distribution Channel
5.4. Market Analysis — By Countries/Sub-regions
- Competitive Analysis
11.1. Key Industry Developments
11.2. Global Market Share Analysis
11.3. Competition Dashboard
11.4. Comparative Analysis — Major Players
- Company Profiles
12.2 Products & Services
12.3 SWOT Analysis
12.4 Recent developments
12.5 Major Investments
12.6 Regional Market Size and Demand
- Strategic Recommendations
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