North America Facility Management (FM) Growth Opportunities

Environment North America Facility Management (FM) Market- Growth Opportunities, Analysis, Forecast, North America, 2020-2028

Advanced Service Propositions and Agility Drive Competitive Intensity and Support Post-pandemic Success - Facility Management,Building Facility Management,Facility Management Industry

RELEASE DATE
22-Mar-2023
REGION
North America
Deliverable Type
Market Research
Research Code: K897-01-00-00-00
SKU: EN01376-NA-MT_27508
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North America Facility Management (FM) Growth Opportunities
Published on: 22-Mar-2023 | SKU: EN01376-NA-MT_27508

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The North American FM market has the highest maturity compared to other regions. The United States is the world’s biggest FM market in outsourced FM revenues. Mature end users and participants and attractive opportunities from sizable end-user sectors (e.g., commercial, public) have contributed to the outsourcing culture and the substantial market.

Frost & Sullivan expects fierce competition from having many market players, intensified by the participation of traditionally non-FM providers, to hinder FM development. Like other regions, end users with conservative thinking are reluctant to outsource critical services, dampening integrated approach adoption and outsourcing. Lastly, the market struggles with the low margins of certain service offerings, particularly soft services and single-service engagements. Retaining healthy margins remains a challenge for many service providers.

With the inflation rate forecast to decline in 2023, the North American FM market offers good opportunities. Potential from less typical end-user sectors, such as industrial, healthcare, aviation, and retail, will likely drive the region’s FM development. High awareness of technology, sustainability, and energy management aspects, supported by above-global average service integration and acceptance of sophisticated solutions that reflect market maturity, will likely drive market growth during the forecast period. In addition, Frost & Sullivan observed that mature regional end users seek to improve operational and cost efficiencies, which will likely support service integration adoption and broader outsourcing scope. However, challenges related to the US-China trade war, the Russia-Ukraine conflict, and the lingering effects of the COVID-19 pandemic add to the FM market uncertainty.

In this report, Frost & Sullivan studies the North American FM market, covering market drivers, restraints, forecasts, trends, and the competitive landscape. The study also analyzes the two countries covered, the United States and Canada. The study period is 2020–2028, with 2022 as the base year. We offer insights and four growth opportunities stakeholders can explore during this period.

Author: Janice Wung

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the North American FM Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Segmentation by End User

Competitors

Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Service Type

Revenue Forecast Analysis by Service Type—Additional Services

Revenue Forecast Analysis by Service Type—Soft Services

Revenue Forecast Analysis by Service Type—Hard Services

Revenue Forecast by End User

Revenue Forecast Analysis by End User

Revenue Forecast Analysis by End User (continued)

Revenue Forecast Analysis by End User (continued)

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Competitive Environment (continued)

Revenue Share

Revenue Share Analysis

Market Participant Profile—Compass Group PLC

Market Participant Profile—Aramark Corporation

Market Participant Profile—Sodexo

Market Participant Profile—ABM Industries Inc.

Market Participant Profile—CBRE Group, Inc.

Market Participant Profile—ISS A/S

Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Growth Opportunity 1: Technology-led Facility Solutions

Growth Opportunity 1: Technology-led Facility Solutions (continued)

Growth Opportunity 2: Workplace and Occupant Experience Optimization

Growth Opportunity 2: Workplace and Occupant Experience Optimization (continued)

Growth Opportunity 3: Energy Management as Part of FM

Growth Opportunity 3: Energy Management as Part of FM (continued)

Growth Opportunity 4: Data Analytics for FM Efficiency

Growth Opportunity 4: Data Analytics for FM Efficiency (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

Legal Disclaimer

List of Figures
  • Facility Management: Growth Metrics, North America, 2022
  • Facility Management: Growth Drivers, North America, 2023–2028
  • Facility Management: Growth Restraints, North America, 2023–2028
  • Facility Management: Revenue Forecast, North America, 2020–2028
  • Facility Management: Revenue Forecast by Service Type, North America, 2020–2028
  • Facility Management: Additional Services Revenue Forecast by Sub-service Type, North America, 2020–2028
  • Facility Management: Soft FM Revenue Forecast by Sub-service Type, North America, 2020–2028
  • Facility Management: Revenue Forecast by End User, North America, 2020–2028
  • Facility Management: Revenue Forecast by End User Subsector, North America, 2022 and 2028
  • Facility Management: Revenue Forecast by Region, North America, 2020–2028
  • Facility Management: Revenue Share by Service Delivery, North America, 2022
  • Facility Management: Revenue Share Forecast by Service Delivery, North America, 2028
  • Facility Management: Revenue Share by Service Delivery Model, North America, 2022
  • Facility Management: Revenue Share Forecast by Service Delivery Model, North America, 2028
  • Facility Management: Competitive Environment, North America, 2022
  • Facility Management: Revenue Share of Top Participants, North America, 2022*
  • Facility Management: Growth Metrics, US, 2022
  • Facility Management: Revenue Forecast, US, 2020–2028
  • Facility Management: Revenue Forecast by Service Type, US, 2020–2028
  • Facility Management: Revenue Forecast by End User, US, 2020–2028
  • Facility Management: Growth Metrics, Canada, 2022
  • Facility Management: Revenue Forecast, Canada, 2020–2028
  • Facility Management: Revenue Forecast by Service Type, Canada, 2020–2028
  • Facility Management: Revenue Forecast by End User, Canada, 2020–2028

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The North American FM market has the highest maturity compared to other regions. The United States is the world’s biggest FM market in outsourced FM revenues. Mature end users and participants and attractive opportunities from sizable end-user sectors (e.g., commercial, public) have contributed to the outsourcing culture and the substantial market. Frost & Sullivan expects fierce competition from having many market players, intensified by the participation of traditionally non-FM providers, to hinder FM development. Like other regions, end users with conservative thinking are reluctant to outsource critical services, dampening integrated approach adoption and outsourcing. Lastly, the market struggles with the low margins of certain service offerings, particularly soft services and single-service engagements. Retaining healthy margins remains a challenge for many service providers. With the inflation rate forecast to decline in 2023, the North American FM market offers good opportunities. Potential from less typical end-user sectors, such as industrial, healthcare, aviation, and retail, will likely drive the region’s FM development. High awareness of technology, sustainability, and energy management aspects, supported by above-global average service integration and acceptance of sophisticated solutions that reflect market maturity, will likely drive market growth during the forecast period. In addition, Frost & Sullivan observed that mature regional end users seek to improve operational and cost efficiencies, which will likely support service integration adoption and broader outsourcing scope. However, challenges related to the US-China trade war, the Russia-Ukraine conflict, and the lingering effects of the COVID-19 pandemic add to the FM market uncertainty. In this report, Frost & Sullivan studies the North American FM market, covering market drivers, restraints, forecasts, trends, and the competitive landscape. The study also analyzes the two countries covered, the United States and Canada. The study period is 2020–2028, with 2022 as the base year. We offer insights and four growth opportunities stakeholders can explore during this period. Author: Janice Wung
More Information
New Title North America Facility Management (FM) Market- Growth Opportunities, Analysis, Forecast, North America, 2020-2028
New Subtitle Advanced Service Propositions and Agility Drive Competitive Intensity and Support Post-pandemic Success - Facility Management,Building Facility Management,Facility Management Industry
Deliverable Type Market Research
Author Janice Wung
Industries Environment
No Index No
Is Prebook No
Keyword 1 North American FM market
Keyword 2 facility management industry
Keyword 3 fm management services
List of Charts and Figures Facility Management: Growth Metrics, North America, 2022~ Facility Management: Growth Drivers, North America, 2023–2028~ Facility Management: Growth Restraints, North America, 2023–2028~ Facility Management: Revenue Forecast, North America, 2020–2028~ Facility Management: Revenue Forecast by Service Type, North America, 2020–2028~ Facility Management: Additional Services Revenue Forecast by Sub-service Type, North America, 2020–2028~ Facility Management: Soft FM Revenue Forecast by Sub-service Type, North America, 2020–2028~ Facility Management: Revenue Forecast by End User, North America, 2020–2028~ Facility Management: Revenue Forecast by End User Subsector, North America, 2022 and 2028~ Facility Management: Revenue Forecast by Region, North America, 2020–2028~ Facility Management: Revenue Share by Service Delivery, North America, 2022~ Facility Management: Revenue Share Forecast by Service Delivery, North America, 2028~ Facility Management: Revenue Share by Service Delivery Model, North America, 2022~ Facility Management: Revenue Share Forecast by Service Delivery Model, North America, 2028~ Facility Management: Competitive Environment, North America, 2022~ Facility Management: Revenue Share of Top Participants, North America, 2022*~ Facility Management: Growth Metrics, US, 2022~ Facility Management: Revenue Forecast, US, 2020–2028~ Facility Management: Revenue Forecast by Service Type, US, 2020–2028~ Facility Management: Revenue Forecast by End User, US, 2020–2028~ Facility Management: Growth Metrics, Canada, 2022~ Facility Management: Revenue Forecast, Canada, 2020–2028~ Facility Management: Revenue Forecast by Service Type, Canada, 2020–2028~ Facility Management: Revenue Forecast by End User, Canada, 2020–2028~
Podcast No
WIP Number K897-01-00-00-00