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.
For
more information Visit at: http://mrr.cm/3tz
Find all Facilities
Management Reports
at: http://www.marketresearchreports.com/facilities-management
No comments:
Post a Comment