United States Facility Management market is anticipated to register a robust CAGR during the forecast period
Growing interest of governments of several countries in investing in infrastructure development, especially in the construction of railways, ports, airports and many other infrastructures, is boosting the growth of the facilities management software market. Numerous collaborations with some private contractors and various government projects with international players are also expected to boost the market growth. Facilities management is basically divided into two areas: hard facilities management (hard FM) and soft facilities management (soft FM). Hard facilities management deals with physical assets such as heating and cooling, elevators, and plumbing, while soft facilities management deals with human-performed tasks such as lease accounting, catering, security, groundskeeping, and custodial services. Facility management software helps businesses manage their entire repair and maintenance operations from her web-based panel.
Government projects to propel the demandAs a part of united bid which features United States, Mexico & Canada to jointly host the 2026 Men’s FIFA World Cup. Out of the 16 venues in the North American continent for the world cup, 11 of them lie in the US. None of the stadiums that hosted the 1,994 World Cup in the US will be used for the 2026 edition. Moreover, Miami, one of the hosts for the World Cup shall be provided with USD 5 million from Enterprise Florida for preparing the city for the mega event. As investments are set to be in millions of dollars, it is expected to thrive the facility management market in the country.
United States will host Summer Olympics 2028 at Los Angeles after winning the bid in the year 2016. It is estimated that the total cost of spending for the games will be around USD 6.9 billion. The government has already started work on transportation projects including Airport Metro Connector connecting the Metro system to the Los Angeles International Airport (LAX) and the Metro D (Purple) Line which will be nearby to the Games Village. The last time Los Angeles hosted the games was in 1,984, so the city needs a much new and upgraded infrastructure in comparison to the last time. As Olympic games are expected to have athletes from around 200 countries along with their spectators, demand for facility management is expected to rise during the forecast period.
In the year 2021, US had announced to release a whopping amount of USD 1.2 trillion as a part of its infrastructure package. Under this package, new infrastructure projects and upgradation of the existing ones shall be announced related to airports, metro and rail projects. These new projects are expected to propel the facility management in the forecast period.
Latest Trends in United States Facility Management MarketIn the year 2019, CBRE has launched Plans Pro. It is an enterprise Software-as-a-Service (SaaS) Testfit 3D visualization tool that helps large enterprise users make better and faster decisions related to new and existing spaces with custom design criteria. Plans Pro is designed for professional users and can be used across all industries and property types, including office, industrial, retail, and healthcare. Plans Pro offers a wide range of integrated contract-based services, including facility management, project management, transaction management and management consulting.
Increase in CybercrimeSecurity concerns related to device and network security are among the factors restraining the market growth. Increased security breaches and growing threats from cybercriminal groups have created skepticism and hindered the growth of the market. at risk of being damaged.
- In the year 2021, CBRE Group, Inc. announced the acquisition of Turner & Townsend Holdings Limited wherein CBRE has acquired a 60% ownership interest. Turner & Townsend provides program management, cost consultancy, project management and advisory consulting services for clients in 46 countries.
- SOS International received a potential 5 year and USD17.9 million contract from US Central Command to maintain and maintain secure facilities at McDill Air Force Base and Al-Udeid Air Base in Tampa, Florida.
Market SegmentationUnited States Facility Management market is segmented on the basis of service, end user, type, industry, and sectors. Based on service, the market is further fragmented into property, cleaning, security, support, catering & others. Based on end user, the market is further split into commercial, residential and industrial. Based on type, the market is further bifurcated into hard services and soft services. Based on Industry, the market is segmented into organized and unorganized. Based on sectors, the market is segmented into education, healthcare, real estate, banking, hospitality, housing, and others.
Market playersMajor market players in the United States Facility Management market are CBRE Group, Inc., Cushman & Wakefield plc, Sodexo, Inc., Jones Lang LaSalle Incorporated, Emeric Facility Services, ISS Facility Services, Inc., Guardian Service Industries, Inc., SMI Facility Services, Shine Management & Facility Services, and AHI Facility Services, Inc.
Report ScopeIn this report, United States Facility Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
United States Facility Management Market, by Service:
United States Facility Management Market, by Type:
- Hard Services
- Soft Services
United States Facility Management Market, by Industry:
United States Facility Management Market, by End User:
- Public Sector
United States Facility Management Market, by Sectors:
- Real Estate
United States Facility Management Market, by Region:
Competitive LandscapeCompany Profiles: Detailed analysis of the major companies present in the United States Facility Management market.
Available CustomizationsThe following customization options are available for the report:
- Detailed analysis and profiling of additional market players.
Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.
What is the estimated value of the U.S. Facility Management Market?
What is the growth rate of the U.S. Facility Management Market?
What is the forecasted size of the U.S. Facility Management Market?
Who are the key companies in the U.S. Facility Management Market?
|No. of Pages||75|
|Forecast Period||2022 - 2028|
| Estimated Market Value ( USD ||$ 209.69 Billion|
| Forecasted Market Value ( USD ||$ 345.55 Billion|
|Compound Annual Growth Rate||6.9%|
|Regions Covered||United States|
Table of Contents
6.2. Porter’s Five Force Analysis
6.3. Market Size & Forecast
6.3.1. By Value
6.4. Market Share & Forecast
6.4.1. By Service (Property, Cleaning, Security, Support, Catering & Others)
6.4.2. By Type (Hard Services and Soft Services)
6.4.3. By Industry (Organized and Unorganized)
6.4.4. By End User (Commercial, Residential, Industrial and Public Sector)
6.4.5. By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others)
6.4.6. By Region
6.4.7. By Company
6.5. United States Facility Management Market Map
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Industry
7.2.3. By End User
7.2.4. By Region
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Industry
8.2.3. By End User
8.2.4. By Region
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Industry
9.2.3. By End User
9.2.4. By Region
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Industry
10.2.3. By End User
10.2.4. By Region
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Industry
11.2.3. By End User
11.2.4. By Region
12.3. AC Service
12.4. Electrical Service
12.5. Pest Control
12.6. Masonry Service
20.1.1. Business Overview
20.1.2. Key Revenue and Financials (If available)
20.1.3. Recent Developments
20.1.4. Key Personnel
20.1.5. Key Product/Services
20.2. Cushman & Wakefield plc
20.2.1. Business Overview
20.2.2. Key Revenue and Financials (If available)
20.2.3. Recent Developments
20.2.4. Key Personnel
20.2.5. Key Product/Services
20.3. Sodexo, Inc.
20.3.1. Business Overview
20.3.2. Key Revenue and Financials (If available)
20.3.3. Recent Developments
20.3.4. Key Personnel
20.3.5. Key Product/Services
20.4. Jones Lang LaSalle Incorporated
20.4.1. Business Overview
20.4.2. Key Revenue and Financials (If available)
20.4.3. Recent Developments
20.4.4. Key Personnel
20.4.5. Key Product/Services
20.5. Emeric Facility Services
20.5.1. Business Overview
20.5.2. Key Revenue and Financials (If available)
20.5.3. Recent Developments
20.5.4. Key Personnel
20.5.5. Key Product/Services
20.6. ISS Facility Services, Inc.
20.6.1. Business Overview
20.6.2. Key Revenue and Financials (If available)
20.6.3. Recent Developments
20.6.4. Key Personnel
20.6.5. Key Product/Services
20.7. Guardian Service Industries, Inc.
20.7.1. Business Overview
20.7.2. Key Revenue and Financials (If available)
20.7.3. Recent Developments
20.7.4. Key Personnel
20.7.5. Key Product/Services
20.8. SMI Facility Services
20.8.1. Business Overview
20.8.2. Key Revenue and Financials (If Available)
20.8.3. Recent Developments
20.8.4. Key Personnel
20.8.5. Key Product/Services
20.9. Shine Management & Facility Services
20.9.1. Business Overview
20.9.2. Key Revenue and Financials (If Available)
20.9.3. Recent Developments
20.9.4. Key Personnel
20.9.5. Key Product/Services
20.10. AHI Facility Services, Inc.
20.10.1. Business Overview
20.10.2. Key Revenue and Financials (If Available)
20.10.3. Recent Developments
20.10.4. Key Personnel
20.10.5. Key Product/Services
A selection of companies mentioned in this report includes:
- CBRE Group,Inc.
- Cushman & Wakefield PLC
- Sodexo, Inc.
- Jones Lang LaSalle Incorporated
- Emeric Facility Services
- ISS Facility Services, Inc.
- Guardian Service Industries, Inc.
- SMI Facility Services
- Shine Management & Facility Services
- AHI Facility Services, Inc.