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Europe Facility Management Services Market to Rise at 10.82% CAGR between 2017 and 2021

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Published on : Jun 29, 2017

Albany, New York, June 29, 2017: The latest trends, growth drivers, limitations, opportunities, and challenges are also analyzed at length in this report, titled “ Facility Management (FM) Services Market in Europe 2017-2021,” to gain an insight into the future of this market.

According to the report, the facility management market in Europe is expected to witness a momentous rise in the years to come at a CAGR of 10.82% between 2017 and 2021. The significant increase in the outsourcing of facility management services are likely to influence this market remarkably over the next few years. Apart from this, the decrease in the energy consumption by using these services are also projected to boost their adoption in the near future, notes the study.

In this research report, the Europe market for facility management has been thoroughly studied on the basis of the service and the end user. Based on the service, the market has been classified into soft services and hard services. Thanks to the high flexibility of soft services, their demand has been much greater than hard services in this region. Since soft services help in making the workplace secure and comfortable, their demand is expected to continue to rise in the years to come. Business support services and various activities, such as security, maintenance, and the housekeeping of the workplace comes under soft services.

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Based on the end user, the market has been segmented into residential buildings, commercial buildings, and government buildings. The commercial building sector that includes retail buildings and corporate offices, and hospitality and medical care buildings, such as hospitals nursing homes, restaurants, hotels, and lodges, has emerged as the leading end user of facility management services across Europe. Researchers anticipate this scenario to remain so over the forecast period, states the research report.
In conclusion, the research report has presented an exhaustive analysis of the Europe market for facility management services. As per the study, this European market is intensely competitive due to the presence of a large pool of established local vendors, who are continually improving and innovating their services to enhance the experience of consumers. 

European consumers have increasingly begun to demand facility management services to reduce the complexity of their business operations. The most prominent vendors of facility management services in this region are ISS, Aramark, Planon, and OCS. These enterprises are recommended to continue to innovate in order to gain competitive advantage over their rivals, notes the research study. Other market players mentioned in this report are Compass, CBRE, Atkins, and Sodexo.

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