Market Research Report
United States Facility Management Market By Service (Cleaning, Property, Support, Security & Others), By Application (Commercial, Industrial & Residential), By Spending Pattern (In-House & Outsource), Competition, Forecast & Opportunities, 2014-2024
|Published by||TechSci Research||Product code||780744|
|Published||Content info||95 Pages
Delivery time: Inquiry
|United States Facility Management Market By Service (Cleaning, Property, Support, Security & Others), By Application (Commercial, Industrial & Residential), By Spending Pattern (In-House & Outsource), Competition, Forecast & Opportunities, 2014-2024|
|Published: July 1, 2019||Content info: 95 Pages||
US facility management market stood at $ 329 billion in 2018 and is forecast to grow at a CAGR of more than 6% to reach $ 465.4 billion by 2024 on account of growing demand for commercial space and rising inclination towards sustainable and energy efficient green building solutions. Moreover, major facility management companies are increasingly outsourcing facility management services in order to increase their footprint and to achieve strategic partnerships, which is further expected to the fuel the growth of facility management market in the United States. Additionally, facility management service providers are investing in building construction and integrated services, thereby further driving the market. South region accounts for the majority share in the US facility management market owing to the presence of large number of residential and commercial buildings requiring facility management services.
Few of the major players operating in the US facility management market include Compass Group PLC, Sodexo, Inc., CBRE Group, Inc., Ingersoll Rand (Trane), Ecolab, ISS Facilities Services Inc., G4S PLC, Jones Lang LaSalle Incorporated (JLL), EMCOR Group, Inc., Cushman & Wakefield, etc.
To analyze and forecast US facility management market, both top-down and bottom-up approaches have been used. Multiple employees from the following companies have been interviewed through telephonic conversations to extract and verify the information being collected at the source. A brief study of the major players operating in US facility management market was directed, which includes analysis of information such as ongoing projects followed by the details of expected year of commissioning and estimated investments along with the expansion plans of various projects in the country.
Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which could increase or decrease the demand for facility management service in the US.
To extract data, primary surveys were conducted with key players and stakeholders in the industry. Future plans of major players were studied and projects which have commissioned were identified. Various secondary sources such as white papers and secondary literature on United States Census Bureau, US Energy Information Administration, US Government Statistics, International Facility Management Association, International Monetary Fund, World Bank, Company Websites & Annual Reports, etc., were also studied by TechSci Research.
The study is essential in delivering useful information to industry stakeholders such as companies operating in facility management services in the United States. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities.
In this report, US facility management market has been segmented into the following categories in addition to the industry trends which have also been detailed below
Competition Benchmarking: Benchmarking of leading 10 players on the basis of application.
Company Profiles: Detailed analysis of the major companies present in US facility management market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).