Europe Facility Management Market to be Dominated by Commercial Sector

Upcoming investments and numerous projects are the major factors propelling the Europe facility management market during the forecast period.

According to TechSci Research report, “Europe Facility Management Market - By Region, Competition, Forecast and Opportunities, 2028,” As the facility management market in Europe expands, more service providers enter the market, creating a highly competitive landscape. This is especially true in mature markets such as the UK, Germany, and France, where there are already many established players. With so many service providers competing for business, price competition can be fierce. Service providers can lower their prices to stay in the market, which may affect their profitability.

Additionally, In June 2022, the contract to run and manage one of the UK's largest prisons, including a young offender institution (YOI), has been extended to G4S, which has run it for the past 25 years.

May 2022:  Mitie Group PLC is awarded a USD 186 million contract to provide critical services to the armed forces based in Gibraltar. The contract covers the repair, maintenance, upkeep, and complex property management of the UK Ministry of Defense (MOD) property in Gibraltar.

Similarly, in October 2022, Siemens Energy, which was recently spun off from Siemens AG as a second company, expanded its collaboration with the Paris Railway and Electric Tram Industry (SPIE SA). The purpose of this cooperation is to secure the technical real estate management of Siemens approximately 385,000 square meters of office and production space for three years. Such long-term contracts also form a secure service portfolio for business services and encourage other companies to choose such systems. Owing to the above-mentioned factors the market is anticipated to register a high CAGR in the forecast period.

In Europe, several important factors drive facility management. First, sustainability and the environment play a significant role, with an emphasis on energy efficiency, reducing waste, and environmentally friendly practices. Second, organizations are looking for ways to streamline operations and cut costs, so cost optimization is a key driver. Thirdly, facilities must meet legal requirements and provide a safe environment for their occupants through regulatory compliance and health and safety standards.

In addition, effective facility management is made possible by technological advancements and the incorporation of smart building solutions. Lastly, the need for flexible and responsive facility management strategies is influenced by the changing dynamics of the workplace, such as remote work and flexible schedules.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the “Europe Facility Management Market.”

The Europe facility management market is divided based on service, type, industry, end user, sectors, and region. Based on service, the market is fragmented into property, cleaning, security, support, catering, and others. Based on type, the market is fragmented into hard services and soft services. Based on industry, the market is fragmented into organized and unorganized.

Based on end user, the market is further fragmented into commercial, residential, and industrial. Investment companies usually focus on the European residential or commercial real estate or construction market. Commercial buildings offer profitable opportunities, making them an attractive form of investment in the area, owing to which, the commercial sector is expected to dominate the market in the forecast period. Thus, it will support the region's growth in the facility management market during the forecast period. Business investments offer better cash flow potential and often offer a better return on investment. Based on sectors, the market is fragmented into education, healthcare, real estate, banking, hospitality, housing, and others. Based on country, the market is segmented into Germany, the United Kingdom, France, Italy, Spain, and the Rest of Europe.

Key market players in the Europe facility management market are:

·         Sodex

·         ISS A/S

·         CBRE Group, Inc.

·         Compass Group

·         Johnson Controls International plc

·         Engie FM Limited Cofely AG

·         Dussmann Group

·         Serco Group PLC

·         Andron Facilities Management

·         G4S Plc

·         Veolia Environment

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The Europe facility management market is expanding rapidly and presents promising opportunities. Factors, such as the rising spotlight on cost advancement, supportability, and administrative consistency drive the interest in proficient office executives’ administrations. Advanced technologies, such as the Internet of Things (IoT), artificial intelligence, and cloud computing also make it possible to make decisions based on data and improve operational efficiency. Facilities management functions are increasingly being outsourced to specialized service providers, allowing businesses to concentrate on core competencies.

“Modern offices with long-term tenants are still in high demand from investors, despite the talk of hybrid work. Growing business acumen among industry leaders and diversification of the economy from automobile to other means is increasing the demand for property management services in the region,” Mr. Karan Chechi, Research Director at TechSci Research, a research-based Global management consulting firm.

Europe Facility Management Market by Service (Property, Cleaning, Security, Support, Catering, and Others), By Type (Hard Services, Soft Services), By Industry (Organized, Unorganized), By End User (Commercial, Residential, Industrial, and Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, and Others), By Country, Competition, Forecast and Opportunities, 2028 has evaluated the future growth potential of the Europe facility management market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Europe facility management market.

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