Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 22.74 billion

CAGR (2023-2028)

6.35%

Fastest Growing Segment

Organized

Largest Market

Alberta





Market Overview

Canada Facility Management Market has valued at USD 22.74 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.35% through 2029. The steady growth of the real estate sector, encompassing both residential and commercial properties, fuels the demand for FM services. Increasing construction and property development require ongoing maintenance and management.

Key Market Drivers

Increasing Focus on Sustainability and Energy Efficiency

The Facility Management (FM) market in Canada is experiencing a significant push due to an increasing focus on sustainability and energy efficiency. This driver can be attributed to both government regulations and the changing attitudes of businesses and consumers toward environmental responsibility. As Canada seeks to reduce its carbon footprint and mitigate the impacts of climate change, facility management has become a key component in achieving these goals.

Government regulations have played a pivotal role in driving sustainability in FM. In Canada, various provinces and territories have implemented stringent energy and environmental standards that organizations must adhere to. For instance, British Columbia's CleanBC initiative mandates carbon-neutral buildings, which necessitates the implementation of energy-efficient systems and sustainable practices in facilities. Additionally, federal programs and incentives, such as the Green Building Incentive Program, offer financial incentives to organizations that adopt green building technologies, thus fostering sustainability in facility management.

Furthermore, businesses are increasingly recognizing the benefits of green facilities. Eco-friendly buildings and practices not only reduce operating costs but also enhance brand image and appeal to environmentally-conscious consumers. Facility management professionals are implementing technologies and strategies that optimize energy consumption, reduce waste, and minimize environmental impact. This includes installing energy-efficient lighting, HVAC systems, and integrating renewable energy sources, as well as implementing waste management and recycling programs within facilities.

Overall, the drive towards sustainability and energy efficiency in facility management is not only spurred by regulatory compliance but also by the economic and reputational advantages it offers to organizations. As a result, this driver is shaping the future of the Canadian FM market, with a growing demand for sustainable facility management services and technologies.

Technological Advancements and Smart Facilities

Another significant driver of the Canadian Facility Management market is the rapid adoption of technological advancements and the development of smart facilities. The integration of technology into facility management has transformed the way organizations manage their physical assets, making operations more efficient, cost-effective, and data-driven.

Smart facilities are equipped with advanced technologies like the Internet of Things (IoT), Building Information Modeling (BIM), and sensor-based systems that allow real-time monitoring and control of various building parameters. For instance, IoT sensors can monitor everything from temperature and humidity to occupancy and security, enabling facilities managers to make data-driven decisions to optimize resource allocation, energy consumption, and occupant comfort.

The benefits of technology in facility management are evident in areas such as predictive maintenance. With the use of data analytics and predictive modeling, facility managers can anticipate equipment failures and perform maintenance tasks before breakdowns occur, reducing downtime and saving on repair costs. Moreover, technology allows for remote monitoring and control, enabling facility managers to make adjustments from anywhere, enhancing operational efficiency.

As the demand for smart and tech-enabled facilities continues to rise, the Canadian FM market is witnessing a surge in innovation and investment in cutting-edge solutions. Businesses are increasingly recognizing the value of a connected and data-driven approach to managing their facilities, as it not only enhances operational efficiency but also provides a better user experience for occupants.

Evolving Workplace Trends and COVID-19 Impact

The evolution of workplace trends, accelerated by the impact of the COVID-19 pandemic, is a significant driver of the Facility Management market in Canada. The pandemic has brought about a fundamental shift in how businesses view and manage their physical workspaces. As a result, facility management is adapting to new norms, which are expected to persist in the post-pandemic era.

One of the key trends is the rise of remote work and hybrid work models. Many organizations have embraced flexible work arrangements, allowing employees to work from home or choose where they work. This shift has led to a reconsideration of office space needs, with companies downsizing or reconfiguring their facilities. Facility managers are now tasked with optimizing spaces for collaboration, ensuring that offices are safe and clean, and integrating technology to support remote work.

The pandemic has also heightened awareness of health and safety in the workplace. Facility managers are implementing rigorous cleaning and sanitation protocols, touchless technology, and improved indoor air quality measures. These changes are expected to remain priorities even beyond the pandemic, creating ongoing demand for facility management services that specialize in health and safety.

Another evolving trend is the emphasis on employee well-being and comfort. Organizations recognize the importance of creating inviting and ergonomic spaces that promote employee satisfaction and productivity. Facility managers are increasingly involved in designing and maintaining facilities that offer wellness amenities, such as fitness areas, green spaces, and relaxation zones.

In conclusion, the changing landscape of workplace trends, particularly in response to COVID-19, is driving the Facility Management market in Canada. Facility managers are at the forefront of adapting facilities to meet the demands of the new work environment, ensuring they are safe, efficient, and conducive to the well-being of occupants. These evolving trends are expected to continue shaping the FM market in Canada as organizations continue to redefine their approach to physical workspaces.

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Key Market Challenges

Aging Infrastructure and Retrofitting

One of the foremost challenges facing the Facility Management (FM) market in Canada is the aging infrastructure of many facilities. The country has a significant number of older buildings, particularly in sectors like healthcare, education, and government, which were constructed decades ago and are in need of substantial maintenance and modernization.

These aging structures present several challenges for FM professionals. First, they often require substantial investments in retrofitting to meet modern standards for energy efficiency, sustainability, and technology integration. This can be a costly and time-consuming process, and it's complicated by the fact that these facilities often need to remain operational during renovations, which poses additional logistical challenges.

Second, older buildings may contain hazardous materials like asbestos or lead-based paint, which need to be safely removed and replaced during renovations. Ensuring the safety and health of occupants and workers during these processes adds to the complexity and cost of managing older facilities.

Lastly, retrofitting older facilities can also involve overcoming architectural and structural limitations, which may make it difficult to incorporate modern technologies and adapt to evolving space requirements. This presents a significant challenge for FM professionals who need to find innovative solutions to ensure that these aging buildings remain functional, safe, and up-to-date with current standards.

Talent Shortage and Skill Gap

The Canadian Facility Management market faces a shortage of skilled and experienced professionals. Facility management is a multidisciplinary field that requires expertise in various areas, including building systems, sustainability, technology integration, and project management. The complexity of managing modern facilities demands professionals with a diverse skill set, but finding and retaining talent in this sector is a significant challenge.

One contributing factor to the talent shortage is the lack of awareness and understanding of facility management as a viable career path. Many individuals are unaware of the opportunities and growth potential within the field, which leads to fewer students pursuing relevant education and training. The result is a gap between the demand for skilled facility management professionals and the available workforce.

Additionally, as experienced facility managers retire, there is a risk of losing valuable institutional knowledge. Replacing these experienced professionals with skilled newcomers can be difficult, particularly when organizations struggle to find candidates with the necessary qualifications and experience.

The evolving nature of the FM field, with its increasing reliance on technology and data analytics, compounds the talent shortage challenge. Facility managers need to be adept at leveraging software and technology solutions for efficient operations and data-driven decision-making. Meeting these demands requires ongoing training and professional development, further highlighting the need to address the talent shortage and skill gap in the Canadian FM market.

Budget Constraints and Cost Pressures

Budget constraints and cost pressures are perennial challenges in the Canadian Facility Management market. Many organizations, both public and private, are under constant pressure to reduce operational costs and optimize facility-related spending. These pressures are often exacerbated by economic fluctuations, unexpected events (such as the COVID-19 pandemic), and changing government regulations.

Facility managers must find ways to balance the need for efficient operations, sustainability, and occupant satisfaction while working within tight budgets. This can lead to difficult decisions regarding maintenance, upgrades, and staffing levels.

The cost of energy, in particular, is a significant concern. Energy costs can account for a substantial portion of a facility's operating budget, and FM professionals must continually seek ways to reduce consumption through energy-efficient systems and practices. However, the upfront cost of implementing these technologies and strategies can be a barrier, even if they lead to long-term cost savings.

Additionally, the ongoing maintenance and replacement of building systems and infrastructure represent a significant financial challenge. Delaying necessary maintenance can lead to more expensive repairs or replacements in the future, creating a dilemma for facility managers who must prioritize immediate cost containment while planning for the long-term financial health of the facility.

In conclusion, budget constraints and cost pressures are persistent challenges in the Canadian Facility Management market, necessitating innovative and strategic approaches to balance financial considerations with the need for efficient, sustainable, and safe facilities. Addressing these challenges is essential for the continued success and growth of the FM sector in Canada.

Key Market Trends

Data-Driven Facility Management

One of the most significant trends in the Canadian Facility Management (FM) market is the growing reliance on data-driven decision-making. Facility managers are increasingly leveraging technology and data analytics to optimize the performance of buildings and spaces, reduce operational costs, enhance occupant satisfaction, and ensure compliance with sustainability goals and regulations.

This trend is driven by the proliferation of Internet of Things (IoT) devices and sensors within buildings. These sensors can monitor various parameters such as temperature, humidity, occupancy, and energy consumption in real-time. The data collected from these sensors is then processed and analyzed to provide valuable insights into the operation of facilities.

Data-driven facility management enables predictive maintenance, where equipment issues can be anticipated before they lead to costly breakdowns. For example, if an HVAC system starts showing abnormal patterns, facility managers can proactively schedule maintenance to prevent a full system failure. This approach not only reduces downtime but also lowers repair and replacement costs.

Furthermore, data analytics can be used to optimize energy consumption. By analyzing historical data, facility managers can identify patterns and trends that help them make informed decisions about when and how to adjust energy settings, leading to significant cost savings and reduced environmental impact.

Occupant satisfaction and productivity are also positively impacted by data-driven facility management. By tracking space utilization data, facility managers can allocate resources more effectively, ensuring that occupants have access to the spaces and amenities they need. This not only enhances comfort and well-being but also fosters a more efficient and productive work environment.

In summary, data-driven facility management is transforming the way facilities are operated and maintained in Canada. This trend is expected to continue as technology advances and the benefits of data analytics become increasingly clear. Facility managers who can effectively harness the power of data are well-positioned to improve the performance and sustainability of the facilities they oversee.

Increased Emphasis on Sustainability and Green Building Practices

Sustainability and green building practices continue to be a prominent trend in the Canadian Facility Management market. The country's commitment to environmental responsibility and the global drive to combat climate change have pushed facility managers to prioritize eco-friendly and sustainable practices within their buildings and spaces.

One of the key drivers of this trend is the adoption of green building certifications and standards, such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method). These certifications encourage and recognize facilities that meet rigorous sustainability and energy-efficiency criteria. As a result, facility managers are working to implement green strategies to achieve these certifications and to meet the expectations of environmentally-conscious occupants and stakeholders.

Energy-efficient practices have become a cornerstone of green facility management. Facility managers are implementing strategies like LED lighting, efficient HVAC systems, and renewable energy sources to reduce energy consumption and greenhouse gas emissions. They also focus on optimizing water usage and waste management to further reduce the environmental footprint of facilities.

Beyond energy and resource management, green building practices extend to improving indoor environmental quality. This includes ensuring good air quality, access to natural light, and comfortable temperature and humidity levels, which contribute to occupant health and well-being.

Sustainability also encompasses the use of environmentally responsible materials and practices in construction and renovation projects. Facility managers are increasingly seeking sustainable building materials and techniques, such as recycled or low-emission materials and green construction methods.

Additionally, sustainable facility management includes the promotion of occupant engagement in sustainability initiatives, which can lead to better compliance with eco-friendly practices and a more informed and environmentally-conscious user base.

In conclusion, the emphasis on sustainability and green building practices is a significant trend in the Canadian Facility Management market. As the nation continues to prioritize environmental responsibility and energy efficiency, facility managers are adapting their practices to align with these goals. The incorporation of green building strategies not only benefits the environment but also enhances the overall quality and attractiveness of facilities in Canada. This trend is expected to persist and evolve as sustainability remains a central focus in facility management.

Segmental Insights

Service Insights

The Property segment emerged as the dominating segment in 2022. Commercial real estate includes office buildings, retail spaces, and industrial properties. These properties require a broad range of FM services, including maintenance, security, and space optimization. The increasing trend toward flexible office spaces and co-working environments has driven demand for adaptable FM solutions that can quickly adjust to changing tenant needs. Sustainability and energy efficiency are critical concerns in commercial real estate, leading to a strong focus on green building practices and LEED certification.

Healthcare facilities, including hospitals and clinics, demand specialized FM services due to the critical nature of healthcare delivery. Compliance with health and safety regulations is paramount. In healthcare, infection control, medical equipment maintenance, and patient comfort are significant considerations. FM professionals must ensure that facilities remain clean, safe, and conducive to patient healing and recovery. Technological advancements, such as the integration of Electronic Health Records (EHRs) and telemedicine, are influencing FM strategies in healthcare facilities.

Educational institutions, such as schools, colleges, and universities, have unique FM needs. Safety, accessibility, and a conducive learning environment are top priorities. The increasing use of technology in education has driven the need for robust IT infrastructure, which FM professionals must manage and maintain. Sustainability initiatives are also prominent in educational facilities, with an emphasis on green construction and energy-efficient systems.

Type Insights

The Hard segment is projected to experience rapid growth during the forecast period. Hard services generally refer to the physical and structural aspects of facility management, such as building maintenance, equipment upkeep, and infrastructure management. The hard services segment within the Canadian FM market typically comprises various specialized service providers, including HVAC (Heating, Ventilation, and Air Conditioning) companies, electrical and plumbing contractors, and building maintenance companies.

The demand for hard services is driven by various factors, including the growth of commercial and residential real estate, infrastructure development, and the need for cost-effective and energy-efficient building management.

The Canadian commercial real estate sector has been growing, especially in major cities like Toronto, Vancouver, and Montreal. This growth has led to an increased need for hard services to maintain and operate these buildings.

Government regulations and initiatives related to building safety, energy efficiency, and sustainability have also contributed to the demand for hard services. For instance, programs promoting energy-efficient heating and cooling systems in buildings.

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Regional Insights

  • Alberta is expected to dominate the market during the forecast period. Alberta, known for its diverse economy, resource industries, and a significant commercial sector, has its unique dynamics within the broader Canadian FM market. The Facility Management Market in Alberta is influenced by a combination of factors, including economic conditions, energy industries, real estate development, and government regulations. Here's an analysis of the FM market in Alberta:
  • Alberta's economy is closely tied to the energy sector, particularly oil and natural gas. Economic conditions in the province, including oil prices, can have a direct impact on the FM market. Economic downturns can lead to cost-cutting measures, affecting FM budgets. Alberta's urban centers, such as Calgary and Edmonton, have seen significant growth in commercial and residential real estate. This has driven the demand for FM services, particularly in building maintenance, HVAC, and security services.
  • Alberta has specific regulations related to environmental sustainability and workplace safety, which impact FM. These regulations require facilities to maintain certain standards in areas like energy efficiency and health and safety. Alberta's FM industry, like the broader Canadian market, has seen an increase in technology adoption. Smart building solutions, IoT, and data analytics are being used to enhance operational efficiency and reduce costs.
  • Alberta, while known for its energy resources, has also been focusing on environmental sustainability. FM providers are increasingly called upon to implement green and energy-efficient practices. Many organizations, including those in the energy sector, are increasingly outsourcing their FM needs to specialized service providers. This trend helps them reduce costs and focus on their core business activities. Fluctuations in oil prices can have a significant impact on Alberta's economy, and consequently, on the FM market. Low oil prices can lead to cost constraints and reduced investment in FM.
  • In summary, the Facility Management market in Alberta is closely linked to the energy sector, economic conditions, and real estate growth. It's also affected by government regulations and sustainability efforts. Service providers in Alberta's FM industry need to be adaptable, technology-savvy, and capable of addressing the unique needs of a resource-driven economy while embracing sustainability and energy-efficient practices.

Recent Developments

  • In August 2023, the commercial real estate firm JLL assumed operations of Ivanhoe Cambridge's retail properties across Canada. This move is expected to strengthen JLL's position as the largest third-party retail property management company in North America.

Key Market Players

  • Competition Matrix
  • CBRE Group, Inc
  • Brookfield Global Integrated Solutions Canada LP
  • Jones Lang LaSalle Real Estate Services Inc
  • Cushman & Wakefield Facility Management Services Inc
  • SNC-Lavalin Operations & Maintenance Inc
  • Aecon Group Inc
  • Avison Young (Canada) Inc
  • ION Facility Services Inc
  • Black & McDonald Limited

By Service

By Type

By Application

By Industry

By Region

  • Property
  • Cleaning
  • Security
  • Catering
  • Support
  • Others
  • Hard
  • Soft
  • Industrial
  • Commercial
  • Healthcare
  • Hospitals
  • Senior Living in Retirement Homes
  • Long Term Care
  • Education Institutions
  • Universities
  • Colleges
  • Schools
  • Corporate Office
  • Others
  • Organized
  • Unorganized
  • Alberta
  • Quebec
  • Ontario
  • British Columbia
  • Saskatchewan & Manitoba
  • Rest of Canada

Report Scope:

In this report, the Canada Facility Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Canada Facility Management Market, By Service:

o   Property

o   Cleaning

o   Security

o   Catering

o   Support

o   Others       

  • Canada Facility Management Market, By Type:

o   Hard

o   Soft        

  • Canada Facility Management Market, By Application:

o   Industrial

o   Commercial

§  Healthcare

·         Hospitals

·         Senior Living in Retirement Homes

·         Long Term Care

§  Education Institutions

·         Universities

·         Colleges

·         Schools

§  Corporate Office

§  Others           

  • Canada Facility Management Market, By Industry:

o   Organized

o   Unorganized           

  • Canada Facility Management Market, By Region:

o   Alberta

o   Quebec

o   Ontario

o   British Columbia

o   Saskatchewan & Manitoba

o   Rest of Canada        

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Canada Facility Management Market.

Available Customizations:

Canada Facility Management Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Canada Facility Management Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]               

Table of content

1.         Service Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Canada Facility Management Market

5.         Voice of Customer

6.         Canada Facility Management Market Overview

7.         Canada Facility Management Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Service (Property, Cleaning, Security, Catering, Support and Others), By Type (Hard and Soft)

7.2.2.By Application (Industrial and Commercial)

7.2.2.1.  By Commercial (Healthcare, Education Institutions, Corporate Office and Others)

7.2.2.2.  By Healthcare (Hospitals, Senior Living in Retirement Homes and Long Term Care)

7.2.2.3.  By Education Institutions (Universities, Colleges and Schools)

7.2.3.By Industry (Organized and Unorganized)

7.2.4.By Region (Alberta, Quebec, Ontario, British Columbia and Saskatchewan & Manitoba)

6.3. 

7.4.    By Company (2022)

7.5.     Market Map

8.         Canada Cleaning Services Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Type

8.2.2.By Application

8.2.2.1.  By Commercial 

8.2.2.1.1.               By Healthcare

8.2.2.1.2.               By Education Institutes

8.2.3.By Industry

8.2.4.        By Region

9.         Canada Property Services Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Type

9.2.2.By Application

9.2.2.1.  By Commercial 

9.2.2.1.1.               By Healthcare

9.2.2.1.2.               By Education Institutes

9.2.3.By Industry

9.2.4.        By Region

8.2.4. 

9.         Canada Catering Services Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1.     By Type

10.2.2.     By Application

10.2.2.1.               By Commercial 

10.2.2.1.1.            By Healthcare

10.2.2.1.2.            By Education Institutes

10.2.3.     By Industry

10.2.4.     By Region

11.      Canada Support Services Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1.     By Type

11.2.2.     By Application

11.2.2.1.               By Commercial 

11.2.2.1.1.            By Healthcare

11.2.2.1.2.            By Education Institutes

11.2.3.     By Industry

11.2.4.     By Region

19.2.4. 

12.      Canada Security Services Market Outlook

12.1. Market Size & Forecast

12.1.1.     By Value

12.2. Market Share & Forecast

12.2.1.     By Type

12.2.2.     By Application

12.2.2.1.               By Commercial 

12.2.2.1.1.            By Healthcare

12.2.2.1.2.            By Education Institutes

12.2.3.     By Industry

12.2.4.     By Region

27.2.4. 

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  Competition Matrix

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  CBRE Group, Inc

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  Brookfield Global Integrated Solutions Canada LP

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Jones Lang LaSalle Real Estate Services Inc

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  Cushman & Wakefield Facility Management Services Inc

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  SNC-Lavalin Operations & Maintenance Inc

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  Aecon Group Inc

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  Avison Young (Canada) Inc

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials  

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

15.9.  ION Facility Services Inc

15.9.1.     Business Overview

15.9.2.     Key Revenue and Financials  

15.9.3.     Recent Developments

15.9.4.     Key Personnel/Key Contact Person

15.9.5.     Key Product/Services Offered

15.10.   Black & McDonald Limited

15.10.1.   Business Overview

15.10.2.   Key Revenue and Financials  

15.10.3.   Recent Developments

15.10.4.   Key Personnel/Key Contact Person

15.10.5.   Key Product/Services Offered

16.      Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Canada Facility Management Market was USD 22.74 billion in 2022.

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The Property segment demonstrated significant dominance in 2022. Commercial real estate includes office buildings, retail spaces, and industrial properties. These properties require a broad range of FM services, including maintenance, security, and space optimization. The increasing trend toward flexible office spaces and co-working environments has driven demand for adaptable FM solutions that can quickly adjust to changing tenant needs.

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Alberta dominated the Canada Facility Management Market in 2022.

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Increasing Focus on Sustainability and Energy Efficiency are some of the major drivers for the Canada Facility Management Market.

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Srishti Verma

Business Consultant
Press Release

Canada Facility Management Market is expected to grow at a robust CAGR

Dec, 2023

Canada Facility Management Market is expected to grow owing to adoption of advanced technologies, including Building Management Systems (BMS), IoT, and data analytics throughout the forecast period.