According to Technavio’s latest market research study, the facility management services market in North America is expected to grow at a CAGR of close to 14% during the period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the facility management (FM) services market in North America in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user
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FM services market in commercial buildings: The rising demand for the safe, secure, and convenient workplace is driving the growth of this market segment. The increasing requirement for efficiently managed facilities in various corporate offices, business parks, and other office buildings will result in the increasing demand for facility management services in the North American market. Outsourcing electro-mechanical systems such as HVAC, elevators, and other building automation systems installed within the facilities to other service providers will help building owners optimize the operation costs and reflect a higher profit.
“FM services of commercial buildings include engineering and technical support, soft services like security, waste management, and horticulture. This market segment is driven by the increasing demand for specialized services that help in improving the cost and energy efficiency of operating these facilities. These services enable building owners to reduce up to 30% of operating expenses by reducing energy consumption and life cycle costs,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
FM services market in government buildings: The growth of government-owned and operated buildings like airports, rail stations, and harbors will augment the need for efficiency in managing these facilities. The demand for facility management services is driven by the requirement for smooth and streamlined operations in this market segment. FM caters to services that include security, baggage handling, housekeeping, cleaning, HVAC which help in running an organized operation and maintenance of the facility.
FM services market in residential buildings: The rising electricity costs and depleting sources of energy are encouraging building owners and homeowners to focus on sustainable operations of residential buildings with the adoption of facility management services. The FM service providers help homeowners to optimize the overall cost of a building by regulating, monitoring, and controlling the building automation systems installed. Need for cost-efficiency and enhancement of building assets will propel the growth of this market segment.
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The top vendors operating in the facility management services market in North America are:
- Aramark
- CB Richard Ellis
- Compass
- Cushman & Wakefield
- Macro
Other prominent vendors in the market include ISS, Sodexo, Bilfinger HSG Facility Management, Cofely Besix, Carillion, GDI, Ecolab USA, KnightFM, Dohn Engineering, Resolute Facility Services, CONTINUUM Services, Total Facility Solutions, Stutler Solutions, Caravan Technologies, Professional Grade Services, Royal Mechanical Services, Choice Facility Services & Construction, Crockett Facilities Services, Camelot Facility Solutions, Veranova Properties, Brookfield Global Integrated Solutions, Assurance Facility Management, Global Facility Management and Construction, NG&G Facility Services, Express Facility Services and Maintenance, Wallbridge, Tecma, Tremco, New Mexico General Services Department, Colliers International, and Newmark Grubb Knight Frank.
A more detailed analysis is available in the Technavio report titled, ‘Facility Management Services Market in North America 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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