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North America Facilities Management Market to Reach Valuation US $610.21 Bn by 2024: Soft Services to Exhibit Higher Demand

The North America facilities management market will record an impressive 13.5% CAGR over the period between 2016 and 2024, rising from a valuation of US$198.26 bn in 2015 to US$610.21 bn by 2024.

 

Albany, NY -- (SBWIRE) -- 01/17/2018 -- The increasing emphasis of industries on process optimization and improved energy efficiency of services in business activities is the primary contributor to the growth of the North America facilities management market. In addition, 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.

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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.

North America Facilities Management Market: Segmentation

Based on the services, the market is segmented into the hard services and soft services. The hard services segment is categorized into 'plumbing, air conditioning maintenance', fire protection systems, 'mechanical & electrical maintenance' and others. Based on soft services, market estimates for following soft services is included within the scope - cleaning and pest control, sterilization, laundry, catering, waste management, security and others. The demand for facilities management services has been further analyzed based on industrial sectors, segmented as - corporate, government & public, health care, manufacturing, residential & educational, retail & commercial and others. With their growing importance, facilities management services are widely adopted by these industries to enhance the quality of core business processes and increase their value The report includes a comprehensive coverage of the underlying economic development factors under the key trend analysis section.

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The report aims to provide a comprehensive analysis of the facilities management market across the U.S., Canada and Mexico country and includes segment level key trend, key finding analysis, market indicators and market attractiveness by services, industry and country. The report also highlights the competition matrix of the facilities management market, positioning all the major players according to their market position, market share, competitors and segment growth. Porters five forces analysis for the North America facilities management market is also included so as to provide a holistic picture of competitive environment in the country. The report also provides service, industry comparison matrix of the North America facilities management market.

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.

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

North America Facilities Management Market, by Services

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.
Canada
Mexico