Lewes, DE -- (SBWIRE) -- 03/09/2017 -- Report forecast the facility management services market in North America to grow at a CAGR of 13.69% during the period 2017-2021.

The FM services market in North America has entered a high maturity phase due to increased awareness among end-users in the region. The market will continue to grow at a stable rate during the forecast period due to high maturity of end-users. End-users in North America prefer outsourcing of facility related services as it reduces the risk and responsibility associated with the in-house operation. High infrastructure development in the region has led to an increased demand for specialized vendors that possess the skill to operate both technical as well as non-technical functions within a facility.

The report covers the present scenario and the growth prospects of the facility management services market in North America for 2017-2021. To calculate the market size, the report presents a detailed picture of the market through the study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Canada
- Mexico
- The US

According to the report, one driver in market is value proposition offered to building owners. Organizations have become increasingly aware of the overall benefits and savings by effectively managing their facility services. Client organizations are more inclined in streamlining their processes and building facilities to reflect greater profits in their business operations. Building facilities need to function in an optimized manner to attain growth in business, enhancing the overall efficiency of operations. With increased focus on managing costs, client organizations have shifted their vision toward FM as a competent resource for value addition rather than a mere service cost. The installation of an efficient machinery or equipment can help organizations save 3% of their overall building costs. However, with the effective outsourcing of facility services, businesses can entail operation and maintenance cost savings of up to 20%-30% in the case of well trained and equipped vendors.

Further, the report states that one challenge in market is high market saturation. The FM services market in North America is characterized as a highly mature market where end-users possess a high degree of awareness related to the benefits of outsourcing the business support functions to specialized vendors. However, because of high market maturity, the FM services industry is expected to reach a saturation level where growth levels will be limited to new entrants emerging in the market. Established vendors, due to high competition, are also focusing beyond North American markets as they do not promise a continual growth in the years to come. Subsequently, vendors are focusing on emerging markets like APAC, the Middle East, and South America, which are slowly picking up the concept of outsourced FM services. The US, which contributes a share of 55.2% during 2016 is a highly-fragmented market where the top 10 players occupy less than 10% of the market. The FM services market in the US is slowly reaching a saturation level, which does not offer high scope of market consolidation in future. Thus, vendors will look for revenue generation in other markets, namely Canada and Mexico, which are comparatively less populated than the US and possess scope for future growth.

Facility Management Services Market in North America 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the facility management services market in North America: Aramark, CB Richard Ellis, Compass, Cushman & Wakefield, and Macro.

Other Prominent Vendors in the market are: 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.

Market driver
- Rising levels of outsourcing in building management.
- For a full, detailed list, view our report

Market challenge
- Responsiveness to technology evolution.
- For a full, detailed list, view our report

Market trend
- Impact of technology in managing building facilities.
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 81 pages and 44 Exhibits "Facility Management Services Market in North America 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by services, Market segmentation by end-user, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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