Albany, NY -- (SBWIRE) -- 03/22/2018 -- An increasing focus on the development of sustainable solutions in business activities has had a high impact on the adoption of facilities management in North America. The rising adoption of automated equipment in the manufacturing and healthcare sectors has also resulted in the strong demand for technical services such as maintenance and repair, which in turn, benefits the facilities management market.

The North America facilities management market was valued at US$198.26 bn in 2015 and is anticipated to reach US$610.21 bn by the end of forecast period, expanding at a CAGR of 13.5% therein.

North America Facilities Management Market: Scope and Methodology

The facilities management market report provides an in-depth analysis of the North America facilities management market for the period, 2014 – 2024; wherein 2015 is the base year and the years from 2016 to 2024 is the forecast period. Data for 2014 has been included as historical information. The report covers all the prevalent trends playing a major role in the growth of the North America facilities management market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market's growth during the forecast period. The study provides a holistic perspective on market growth in terms of revenue estimates (in US$ Bn), across the North America region. The report provides cross-sectional analysis of the North America facilities management market in terms of market estimates and projections for all the segments. The report also covers profiles of major players, their growth strategies, their market positioning, and the various recent developments, and includes market positioning analysis of key players operating in the facilities management market.

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North America Facilities Management Market: Competitive Landscape

Under the company profiles section, the report provides an overview of the players operating in the market, the strategies deployed by them to gain competitive advantage, the annual revenue generated by them in the past two or three years, strategy and their relevant business segment revenue. Market share analysis of the North America facilities management market is also include within the scope of the study. The key players profiled in this report include Bilfinger HSG Facility Management GmbH, Cofely, Compass Group PLC, Cresa, LLC, Ecolab USA Inc., GDI Integrated Facility Services, G4S plc, ISS World Services A/S, Mitie Group PLC and Sodexo, Inc.

The North America Facilities Management Market has been segmented as follows:

North America Facilities Management Market, by Services

Based on type of service, the demand for soft services is highest in the North America facilities management market. The hard service segment, on the other hand, is anticipated to exhibit a comparatively lower growth rate over the forecast period.

Within the hard services segment, the mechanical and electrical maintenance sub-segment is expected to exhibit a comparatively higher surge in facilities management outsourcing, resulting in healthier market growth during the forecast period. The sub-segment is projected to expand at a CAGR of 13.7% from 2016 to 2024. Within the soft services segment, the cleaning and pest control sub-segment is expected to hold a significant share in the market revenue throughout the forecast period, expanding at a CAGR of 13.0%.

Based on industry, the corporate sector is estimated to hold a leading share of 21.1% in 2016 in the North America facilities management market. The retail and commercial sector is expected to grow at a high CAGR of 14.1% from 2016 to 2024. This is primarily due to an increase in the outsourcing of non-core services such as cleaning, security, repair, and maintenance.

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Hard Services

Plumbing, Air Conditioning Maintenance
Fire Protection Systems
Mechanical and Electrical Maintenance
Others (Fabric Maintenance, etc.)

Soft Services

Cleaning and Pest Control
Sterilization
Laundry
Catering
Waste Management
Security
Others (Administrative Services, etc.)

North America Facilities Management Market, by Industry

Corporate
Government and Public
Healthcare
Manufacturing
Residential and Educational
Retail and Commercial
Others

North America Facilities Management Market, by Country

The U.S. accounted for more than 50% of the total North America facilities management market in 2015. The rising demand for cost reduction and performance improvement and the need for enhanced service quality in business activities have led to the growth of the facilities management market in the country. Industries in the U.S. are emphasizing on outsourcing support services to gain third-party expertise in processes and to enhance their core business activities. The increasing demand for high-quality services throughout the service application is contributing to the growing market for facilities management in the U.S.

Canada holds close to one-third of the North America facilities management market in 2015 and is anticipated to witness increased growth during the forecast period. This is primarily attributed to the increasing adoption of facilities management services across multiple industries. The Mexico facilities management market is expected to grow at a CAGR of 13.8% during the forecast period. The rapidly growing manufacturing industries and processes across the country are likely to result in the rising demand for technical services such as plumbing, heating, ventilation, and air conditioning (HVAC) maintenance, and fire protection.

The U.S.
Canada
Mexico

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