Europe Facility Management Market by Service (Property, Cleaning, Security, Support, Catering, and Others), By Type (Hard Services, Soft Services), By Industry (Organized, Unorganized), By End User (Commercial, Residential, Industrial, and Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, and Others), By Country, Competition, Forecast and Opportunities,
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEurope Facility Management Market by Service (Property, Cleaning, Security, Support, Catering, and Others), By Type (Hard Services, Soft Services), By Industry (Organized, Unorganized), By End User (Commercial, Residential, Industrial, and Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, and Others), By Country, Competition, Forecast and Opportunities,
Europe facility management market is anticipated to grow at a steady pace in the forecast period, 2024-2028. The growing uptake of cloud-based solutions and changing organizational culture and working methods are accelerating the Europe facility management market. Due to this, the market is expected to register a high CAGR during the forecast period.
The expansion in the Europe construction sector at a high CAGR is likely to support the Europe Facility management market over the next few years. In addition, the gross value added of the construction sector in the EU5.5% of the GDP. The goal of the European Commission is to help the sector become more competitive, resource-efficient, and sustainable.
Facility management consists of several factors that affect the productivity and efficiency of organizations. The new management system standard, which adheres to industry best practices, serves as a model for developing and managing effective strategic, tactical, and operational FM principles worldwide. Services in the FM market in Europe have been commoditized to a huge extent. Also, end-use industries are very price-sensitive, and contracts are thus aimed at shorter terms. Commercial real estate over-supply has been creating pressure on rent yields, thus, leading customers to cut costs on FM services.
The increasing investment in health infrastructure & involvement of FM service providers in the construction cycle are the factors propelling the market growth.
Late involvement of FM service providers in the construction cycle, or post-construction maintenance, was, however, found to have decreased. Asset management FM players are involved in the early stages of infrastructure development and provide FM consultation for preventive maintenance, longer asset life, and longer-term contracts. Enova seeks digital omnipresence and customer service visibility for growth and modernization to support smart FM in Europe.
The growing investment in health infrastructure and the construction of health facilities is increasing the demand for FM services. In recent times, infrastructure has become an important part of providing health services to the public. As a result, more investments have been made in the development of health infrastructure around the world. Healthcare organizations invest significantly in facilities to provide improved healthcare services. However, due to the increase in data breaches and security threats, it is difficult to demand sufficient expertise.
According to a Honeywell survey, 27% of property managers surveyed experienced a cyberattack on their OT systems in the past year, and 66% of respondents said that maintaining operational technology (OT) cybersecurity is one of their most challenging tasks.
Growing Number of Construction Projects
Nowadays, construction projects are growing in the region due to which, the demand for FM is growing rapidly, Major construction projects in Europe are
- The Ellinikon Regeneration The project involves the construction of a mixed-use community on 620 hectares of land in Athens, Greece. The project aims to equip the area with luxury residential and commercial spaces and transform the place into a modern leisure destination that will improve tourist visibility and bring people and investment to the area. Construction began in the first quarter of 2023 and is expected to be completed in the second quarter of 2032.
- Buzau-Braila-Focsani-Tulcea-Constanta Express Road The project will build a 361.7-kilometer four-lane road connecting Buzau and Constanta with Romania. Construction began in the first quarter of 2023 and is expected to be completed in the third quarter of 2033. The project aims to reduce traffic and facilitate traffic between Buzau and Constanta.
- Plock Olefin complex expansion project The Plock Olefin complex expansion project expands the olefin complex at the Plock production facility in Masovia Voivodeship, Poland. Construction began in the first quarter of 2023 and is expected to be completed in the last quarter of 2025. The project aims to use the latest technology to improve energy efficiency, including a 30% reduction in CO2 emissions per ton of product and will be implemented as part of the Petrochemical Development Program.
- Northern Road Axis project involves the construction of the Northern Road Axis of Crete (NRAC) in Crete, Greece. Construction began in the first quarter of 2023 and is expected to be completed in the last quarter of 2026. It is also known as the Greek Highway 90 (A90). It is part of the Greek National Highway, which is part of Greece's main national road network, European Route 65 (from Kissamos to Chania), and European Route 75, which stretches over 310 kilometers and connects Kissamos to Sitia.
- Sotra to Bergen Motorway The project involves the construction of a road connecting Sotra to Bergen in Hordaland, Norway. Construction began in the first quarter of 2023 and is expected to be completed in the last quarter of 2027. The project aims to improve business conditions, public transport services, mobility, travel time, and road safety. The project focuses on the main intersection Sotra-Bergen and the internal north-south connection Oygarden-Fjell-Sund.
Recent Development
- May 2022 USD 186 million contract was awarded to Mitie Group PLC to provide vital services to the armed forces stationed in Gibraltar. The agreement includes repair work, service, maintenance, and execution of complex installations Management of UK Ministry of Defense (MOD) properties in Gibraltar.
- April 2022 CBRE and Microsoft join forces to deliver a wide and clear selection of technological solutions for the needs of large companies for retailers and businesses with a distributed footprint. The collaboration brings CBRE and Microsoft's expanding Dynamics 365 field services platform together.
- June 2022 The Contract to operate and manage one of the largest prisons. The UK, including the Young Offenders Institution (YOI), was extended to G4S, a company that has operated it for the past 25 years.
- In 2022, facilities management company Kobel Group completed the acquisition of Wiesbaden-based air conditioning and refrigeration technology company Kriotec. The acquisition will allow the company to expand its portfolio of products and services.
Furthermore, the acquisition of Kriotec Kalte- und Klimatechnik GmbH and Kriotec Gewerbe Kälte GmbH enables the company to offer refrigeration and air-conditioning technology directly to customers and strengthens its presence in the Frankfurt/Rhein-Main region.
- April 2024-2032 KMS Computer GmbH, a leading computer-aided facility management (CAFM) software specialist based in Dresden, Germany was acquired by VertiGIS, a geographic information systems (GIS) solution provider and software developer.
- In 2024-2032, Bombardier Transportation, the rail division of the Bombardier Group, entrusted Apleona with integrated facility management for all locations in Germany. More precisely, there were seven production facilities and one office building, including the headquarters in Berlin, with a total area of ​​about 1 million square meters.
Market Segmentation
The
Market Players
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2022 |
| Estimated Year | 2024 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028. |
| Report Coverage | Revenue forecast, company share, growth factors, and trends |
| Segments Covered | Service Type Industry End User Sectors |
| Country Scope | Germany, United Kingdom, France, Italy, Spain, Rest of Europe |
| Key Companies Profiled | Sodexo, ISS A/S, CBRE Group, Inc., Compass Group, Johnson Controls International plc, Engie FM Limited Cofely AG, Dussmann Group, Serco Group PLC, Andron Facilities Management, G4S Plc, and Veolia Environment |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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