Germany Facility Management Market to be dominated by Commercial segment through the forecast period.
Upcoming investments and numerous projects are
the major factors propelling the Germany Facility Management Market growth in
the forecast period.
According to TechSci Research report, “Germany Facility Management Market - By Region,
Competition Forecast & Opportunities, 2018-2028,” the Germany Facility Management Market is expected to register
robust growth during the forecast period, 2023-2028. Facility management (FM) is on the rise
with rapid urbanization and increased spending on infrastructure projects.
Facility management is useful because it is a common service required in
residential, commercial, and many other areas. With both government and private
projects on the rise, property owners want to create world-class facilities for
themselves and others. Many market participants offer integrated services that
require FM services put together by a team. By using FM services when needed,
owners can expect to extend the overall useful life of their buildings by a few
more years and can refurbish their buildings with minimal disruption or damage.
Infrastructure development has increased
the demand for Facility Management (FM) services. These services are useful in
a person's day-to-day life as they are used in residential, commercial, and
other sectors. With FM services being taken from time to time whenever
necessary, the owner can expect the facility's lifespan to increase by a few
more years. The services of Facility Management have been used since many years
provided by freelancers but with technology and investment, companies have
taken facility management as a business equipped with the latest equipment and
technology.
The demand for such solutions and
services has been steadily increasing and is expected to increase significantly
in the coming years. The increase in demand is due to government spending on
transportation, energy, construction, etc. Personnel, equipment and other
services are all part of contract management.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on the "Germany Facility Management Market"
The Germany Facility
Management Market is segmented into service, type, industry, end user, and
sectors. Based on service, the market is divided into property,
cleaning, security, support, catering, and others. Based
on end user, the
market is segmented into commercial, residential, industrial, public
sector. During the projected period, the commercial segment in the service type held the largest market share
with a robust CAGR during the forecast period. In
August 2021, Google plans to invest in renewable energy with the opening of a
new Google Cloud region in Berlin-Brandenburg. The company will continue to
invest in Germany's transition to a digital and sustainable economy. The
company plans to invest around €1 billion in digital infrastructure and clean
energy by 2030. Despite all the talk about hybrid working, modern offices with
long-term tenants continue to be in great demand among investors. Growing
business acumen of industry leaders and diversification of the economy from
automotive to other industries are likely to increase the demand for domestic
facility management services. Furthermore, in October 2021, SPIE, an
independent multi-technical service provider in the fields of energy and
telecommunications, extended its partnership with Siemens Energy for the next
three years. The multi-technology service provider will be responsible for the
technical equipment management of his 385,000 square meters of office and
production space at Siemens Energy.
Based on Industry, the market is segmented
into organized and unorganized. During the projected
period, the unorganized segment is expected to dominate the market in the
forecast period of 2023-2028. Despite the enormous revenue potential of
outsourced FM, services are becoming increasingly commercialized and organic
growth is difficult to achieve. In addition, increasing numbers of commercial
and residential buildings in major cities have increased the demand for unorganized
facility management services across the country. Rapid infrastructure
development and increasing focus on integrated facility management services are
expected to have a positive impact on the market.
Key market players in the Germany Facility Management Market: -
- Strabag SE
- Sodexo Services
GmbH
- Dussmann Group
- Compass Group PLC
- Wisag Facility Service
Holding GmbH
- Al Vinci SA
- Spie Group
- Aramark LLC
- Cushman & Wakefield PLC
- ISS Facilities Services Inc
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"As number
of infrastructure projects keep increasing, need for facility management services
rise. With increase in commercial real estate projects, the commercial segment
is expected to rise during the forecast period. Unorganized sector is expected
to dominate the market as the population seeks services in an economic way.
Investment by Google and football tournament UEFA 2024 is expected to drive the
Facility Management Market due to increase in tourism and
business." said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Germany Facility Management Market By
Service (Property, Cleaning, Security, Support,
Catering, Others), By Type (Hard
Services, Soft Services), By Industry (Organized, Unorganized), By End
User (Commercial, Residential, Industrial, Public Sector), By Sectors
(Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others) By
Region, Competition Forecast
& Opportunities, 2018-2028,” has evaluated the
future growth potential of Germany Facility Management Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities Germany Facility Management Market.
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