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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
North America Facility Management Market Growth
Facility management (FM) is a specialised field that encompasses a wide range of responsibilities and services aimed at effectively managing an organisation's physical surroundings. It involves overseeing and maintaining buildings, infrastructure, personnel, and procedures to ensure the functionality, security, and convenience of the constructed environment in which the organisation operates.
One of the primary goals of facility management is to maximise resource utilisation. This involves efficiently managing an organisation's physical assets, such as buildings, equipment, and technology, to ensure they are utilised to their full potential. Facility management professionals are responsible for developing and implementing strategies to optimise the use of resources, minimise waste, and reduce costs, which can contribute to the growth of the North America facility management market.
In addition to resource management, facility management also plays a crucial role in supporting an organisation's primary business goals by taking care of non-core competencies. Facility management professionals work closely with other departments and stakeholders to understand their needs and requirements. They then develop and implement plans to provide the necessary infrastructure, services, and support to enable businesses achieve their objectives.
North America Facility Management Market Report Snapshots
North America Facility Management Market Size
North America Facility Management Market Growth
North America Facility Management Market Trends
North America Facility Management Companies
North America Facility Management Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 352.22 billion.
The market is estimated to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 610.39 billion by 2032.
The demand for facility management is driven by the increasing focus of businesses on improving efficiency and streamlining building operations, efforts towards enhancing core-competencies, and rising preference for outsourcing.
The increasing integration of data analytics and artificial intelligence (AI) in building infrastructure to support energy efficiency and predictive maintenance and the rising emphasis on sustainable building practices and certifications are some of the major market trends.
The major regional markets are the United States of America and Canada.
The different end-uses are commercial, public/infrastructure, and industrial.
The major players in the market are Cushman & Wakefield Plc, Emeric Facility Services, CBRE, Inc., Jones Lang LaSalle IP, Inc., Express Facility Management, FacilityONE Technologies LLC, AHI Facility Services, Inc., ISS A/S, Shine Facility Services, LLC, and Guardian Service Industries, Inc., among others.
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