Organized Players Grab Over 80% of Canada Facility Management Market
Increasing outsourcing of FM services by organized
players, growing influence of foreign real estate players and rising number of
favorable government initiatives to fuel Canada facility management market
through 2023
According to TechSci Research report “Canada Facility Management Market By Service, By Application, By Spending Pattern, By
Market Penetration, Competition Forecast & Opportunities, 2013 – 2023’’, the facility management market in the country is forecast to reach
around $ 40 billion by 2023. In 2017, more than 580 organized
players were engaged in providing facility management services in Canada, and
these players cumulatively accounted for a market share of more than 80% in the
country’s FM market in the same year. Moreover, growing influence of foreign
players in the country’s real estate market, increasing demand for sustainable facility management solutions, rising number of favorable government
initiatives directed towards Canada’s service sector, are anticipated to be the primary
factors driving Canada facility management market over the coming years.
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Figures and Tables spread through 95 Pages and an
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Management Market"
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CBRE
Group, BGIS, Carillion Canada, JLL and Cushman & Wakefield are the key
facility management providers in Canada. Cleaning and
property facility management services are likely to capture the dominating
share in the country’s facility management market during the forecast period,
backed by booming real estate sector in Canada. Ontario accounts for the
largest share in Canada facility management market, due to the presence of huge
population and highest number of commercial, industrial and residential buildings
in the region.
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“As
of 2017, Canada facility management market has been majorly dominated by the residential
application segment, owing to strong demand for cleaning and property services,
such as building maintenance, HVAC maintenance, etc. As the country is seeking
to reduce its dependence from natural resources to non-oil based sectors, such
as real estate, demand for facility management services is expected to grow
over the coming years”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Canada Facility Management Market By Service, By Application, By Spending Pattern, By
Market Penetration, Competition Forecast & Opportunities, 2013 – 2023” has
evaluated the future growth potential of the Canada facility management market
and provides statistics and 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 Canada facility management market.
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