The Latest Facility Management Industry Statistics Explained
The global facility management market was valued at approximately $39.98 billion in 2020.
The statistic indicates that the global facility management market had a total estimated value of around $39.98 billion in the year 2020. This suggests that the industry involved in managing and maintaining facilities such as buildings, infrastructure, and services had a significant economic impact on a worldwide scale during that year. This valuation encompasses various aspects of facility management services, including maintenance, security, cleaning, and sustainability initiatives, among others. The figure serves as a key indicator of the size and importance of the facility management sector, highlighting its role in supporting the functioning and efficiency of various types of facilities across different industries.
The market is projected to reach $91.37 billion by 2027.
The statistic “The market is projected to reach $91.37 billion by 2027” indicates the estimated growth and size of a specific market industry over the next few years. This figure represents the total value or revenue that is expected to be generated by companies operating within that market by the year 2027. The projection suggests a significant increase in market size, which could be driven by factors such as increased consumer demand, technological advancements, regulatory changes, or trends in the industry. This statistic is important for industry stakeholders, investors, and policymakers to make informed decisions and allocate resources effectively in response to the projected growth.
This indicates a Compound Annual Growth Rate (CAGR) of 12.4% from 2021 to 2027.
The statistic indicates a Compound Annual Growth Rate (CAGR) of 12.4% from 2021 to 2027, meaning that over this period, the value or volume of a certain variable is projected to increase by an average rate of 12.4% per year. CAGR is a measure used to understand the mean annual growth rate of an investment or variable over a specified time period, smoothing out fluctuations to provide a steady growth rate. In this case, a CAGR of 12.4% suggests strong and consistent growth in the variable from 2021 to 2027, potentially reflecting positive trends and opportunities for the associated entity or market.
In 2020, Asia-Pacific dominated the facility management market share.
The statement “In 2020, Asia-Pacific dominated the facility management market share” indicates that the Asia-Pacific region had the largest market share in the industry of facility management during the year 2020 compared to other regions worldwide. This suggests that the majority of facility management services, projects, and investments were concentrated in countries within the Asia-Pacific region, reflecting the region’s significant contribution to the global facility management market. Factors such as economic development, rapid urbanization, and increased demand for efficient and sustainable infrastructure in countries across Asia-Pacific likely played a role in driving this dominance in the facility management market share.
The commercial sector accounted for over 75% of the global facility management market share in 2020.
The statistic indicates that the commercial sector encompassed more than three-quarters (75%) of the total market share within the global facility management industry in the year 2020. This suggests that a significant majority of facilities management services and activities, such as maintenance, cleaning, security, and other related services, were predominantly utilized by commercial enterprises, including office buildings, retail spaces, and other non-residential properties. This strong presence of the commercial sector in the market share underscores its reliance on professional facility management services to ensure the smooth operation, maintenance, and optimal functioning of their physical assets.
The demand for energy-efficient buildings will grow by over 15% by 2027 in the facility management industry.
The statistic states that the demand for energy-efficient buildings within the facility management industry is projected to increase by more than 15% by the year 2027. This suggests a growing trend towards sustainable and environmentally friendly practices within building management. As organizations increasingly prioritize energy efficiency to reduce costs and minimize their environmental footprint, the demand for buildings that are designed and operated with energy-saving features is expected to surge. This trend indicates a shift towards more sustainable practices in the facility management sector, reflecting a broader global emphasis on reducing energy consumption and mitigating the impact of buildings on the environment.
The most popular facility services are janitorial services, maintenance and repair, security and surveillance.
The statistic indicates that among various facility services, including janitorial services, maintenance and repair, security, and surveillance, the most commonly sought-after facility services are these four categories. This suggests that businesses and organizations prioritize keeping their facilities clean, well-maintained, and secure. Janitorial services are essential for cleanliness and hygiene, maintenance and repair services ensure that facilities are in optimal working condition, while security and surveillance services are crucial for protecting assets and ensuring the safety of employees and visitors. By highlighting these particular services as the most popular, it underscores the importance placed on maintaining a functional and secure environment within facilities.
The projected growth in the facility management industry for the Middle East and Africa is to reach 10% by 2026.
The statistic indicates that the facility management industry in the Middle East and Africa is expected to experience a growth rate of 10% by the year 2026. This growth projection suggests that the demand for facility management services in the region is anticipated to increase significantly over the next few years. Factors driving this growth could include rapid urbanization, population growth, greater focus on sustainability and energy efficiency, and a rise in the number of commercial and residential properties requiring maintenance and management services. This statistic provides valuable insights for stakeholders in the facility management industry, indicating potential opportunities for expansion and investment in the Middle East and Africa region.
The United States represents the largest market for facility management services.
The statistic that the United States represents the largest market for facility management services indicates that the US holds the highest market share in terms of revenue generated from services related to the maintenance and management of facilities such as buildings, equipment, and infrastructure. This suggests that the demand for facility management services in the US is substantial, likely due to the country’s large economy and diverse industry sectors requiring various facility management solutions. Companies in the facility management sector may find lucrative opportunities for growth and expansion in the US market, potentially leading to increased competition and innovation within the industry.
Globally, the facility management industry is propelled by an annual growth of 5.24%.
The statistic indicates that the facility management industry is experiencing significant growth on a global scale, with an annual growth rate of 5.24%. This growth rate suggests that the industry is expanding steadily each year. Such growth can be attributed to an increasing demand for facility management services across various sectors, including commercial, residential, healthcare, and education. The industry’s growth may also be fueled by advancements in technology, changing workplace dynamics, and a greater emphasis on efficiency and sustainability in managing facilities. Overall, this statistic highlights the positive trajectory and opportunities within the facility management industry for businesses and professionals operating in this sector.
In 2021, hard services like electrical, HVAC, and plumbing services made up about 30% of the overall FM services market.
In 2021, the hard services sector, which includes electrical, HVAC, and plumbing services, represented approximately 30% of the total facilities management (FM) services market. This statistic indicates a significant portion of the FM services market is dedicated to essential infrastructure maintenance and management. The prominence of hard services underscores the critical role these functions play in ensuring the efficient operation, safety, and functionality of various facilities across industries. As such, businesses and organizations likely allocate a substantial portion of their FM budgets towards hard services to address core operational needs and uphold building standards.
The adoption of sustainable practices in the facilities management industry is expected to grow by 6% CAGR through 2027.
This statistic indicates that the adoption of sustainable practices within the facilities management industry is projected to experience a Compound Annual Growth Rate (CAGR) of 6% over the period spanning from the current time up to the year 2027. This suggests a steady and consistent annual growth in the implementation of environmentally friendly and socially responsible practices within the facilities management sector. Such a trend highlights an increasing awareness and emphasis on sustainability within the industry, likely driven by factors such as regulatory requirements, cost savings, corporate social responsibility efforts, and growing consumer demand for eco-friendly operations. The projected growth rate signifies a positive shift towards a more sustainable future for the facilities management industry.
Over 35% of facility managers in the UK reported that sustainability was their top priority in 2020.
The statistic indicates that a significant portion of facility managers in the UK, specifically over 35%, prioritized sustainability in 2020. This suggests that sustainability practices and initiatives were of high importance to a notable proportion of professionals responsible for managing facilities and operations within organizations. The emphasis on sustainability among facility managers highlights a growing trend towards environmental consciousness and the recognition of the importance of incorporating sustainable practices into business operations. This statistic signifies a shift towards more environmentally friendly and socially responsible approaches within facility management in the UK.
Around 70% of facilities managers globally use some form of technology in their facility management operations.
The statistic indicates that approximately 70% of facilities managers worldwide utilize technology in their day-to-day operations to manage facilities effectively. This suggests that the majority of facilities managers are leveraging technological tools and solutions such as Computerized Maintenance Management Systems (CMMS), Internet of Things (IoT) devices, and facility management software to streamline processes, automate tasks, and improve overall operational efficiency. By embracing technology, facilities managers can enhance decision-making, track assets, monitor maintenance activities, and optimize resource allocation, ultimately leading to more cost-effective and sustainable facility management practices on a global scale.
Over 85% of facilities in the U.S. outsource their facility management services.
The statistic “Over 85% of facilities in the U.S. outsource their facility management services” indicates that a large majority of facilities in the United States rely on external service providers to manage their daily operations and maintenance. This high percentage suggests that outsourcing has become a common and preferred practice for organizations seeking expertise and efficiency in their facility management. By outsourcing these services, facilities can benefit from specialized knowledge, cost savings, and streamlined operations, allowing them to focus on their core business activities. The statistic also implies that the facility management industry is robust and growing as more facilities recognize the advantages of outsourcing these essential services.
The use of digital technology for facility management, particularly artificial intelligence and the Internet of Things, is expected to increase by 60% by 2025.
The statistic indicates a projected growth of 60% in the utilization of digital technology, specifically artificial intelligence and the Internet of Things, for facility management by the year 2025. This anticipated increase points towards a significant shift towards more advanced and automated solutions in managing facilities such as buildings, equipment, and infrastructure. The integration of artificial intelligence and IoT technologies is expected to streamline processes, improve efficiency, and enhance decision-making in facility management operations. This statistic highlights the increasing recognition and adoption of digital tools to optimize facility performance and ensure cost-effective and sustainable operations in various industries.
Conclusion
The facility management industry statistics provide valuable insights into the trends and performance of this dynamic sector. By examining key metrics such as market size, growth rates, and key challenges, stakeholders can make informed decisions to drive success in this competitive landscape. As the industry continues to evolve, staying up-to-date with the latest statistics will be crucial for organizations to stay ahead of the curve.
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