US facility management market stood at $ 329 billion in 2018 and is
forecast to reach $ 465 billion by 2024 on account of growing real estate sector in the country.
Moreover, organized players are increasingly outsourcing facility management
services which is further fuelling growth in United States facility management
market. Additionally, facility management service providers are investing in
building construction and integrated services, which is anticipated to boost
the market in the coming years. South region accounts for the major share in
the market on account of presence of a large number of residential and
commercial buildings requiring facility management services.
Years
Considered for this Report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the Study:
- The primary objective of the study was to
understand and gain insights about US facility management market and their
segmental analysis by service, by application, by region and by spending
pattern.
- To estimate, calculate and forecast market
size for US facility management market.
- To categorize and forecast US facility
management market by service such as cleaning, property, catering,
support, security and others.
- To segment and forecast US facility management
market by application such as residential, commercial and industrial
sectors.
- To categorize and forecast US facility
management market by regions such as West, Northeast, Midwest, South and
Rest of US.
- To categorize and forecast US facility
management market by spending pattern, such as outsource and in-house.
- To identify major drivers & challenges for
US facility management market.
- To identify major trends in US facility
management market.
- To profile major companies in US facility
management market.
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Few of the major players operating in the US
facility management market include Compass Group PLC, Sodexo, Inc., CBRE Group,
Inc., Ingersoll Rand (Trane), Ecolab, ISS Facilities Services Inc., G4S PLC, Jones Lang LaSalle
Incorporated (JLL), EMCOR Group, Inc., Cushman & Wakefield, etc.
To analyze and forecast
US facility management market, both top-down and bottom-up approaches have been
used. Multiple employees from the following companies have been interviewed
through telephonic conversations to extract and verify the information being
collected at the source. A brief study of the major players operating in US
facility management market was directed, which includes analysis of information
such as ongoing projects, followed by the details of expected year of
commissioning and estimated investments along with the expansion plans of
various projects in the country. Moreover,
detailed and in-depth scrutiny of information was done to understand each
policy or external or internal factor which could increase or decrease the
demand for facility management
service in the US.
To extract data,
primary surveys were conducted with key players and stakeholders in the
industry. Future plans of major players were studied and projects which have
commissioned were identified. Various secondary sources such as white papers and secondary literature
on United States Census Bureau, US Energy Information Administration, US Government Statistics, International
Facility Management Association, International Monetary Fund, World Bank, company
websites & annual reports, etc., were also studied by TechSci Research.
Key Target Audience:
- Facility management service providers and
customers (residential complex, hotels, malls, etc.)
- Organizations, forums and alliances related to facility
management services market
- Government bodies such as
regulating authorities and policy makers
- Market research
and consulting firms
The study is essential
in delivering useful information to industry stakeholders such as companies
operating in facility management services in the United States. The report also
provides useful insights about which market segments that should be targeted
over the coming years in order to strategize investments and capitalize on
growth opportunities.
Report Scope:
In this report, US facility management market has been segmented into
the following categories in addition to the industry trends which have also
been detailed below
- Market, By Service:
- Cleaning
- Property
- Catering
- Support
- Security
- Others
·
Market, By Application:
o Residential
o Commercial
o Industrial
·
Market, By Region:
- West
- Northeast
- Midwest
- South
- Rest of US
·
Market, By Spending Pattern:
o Outsource
o In-house
Competitive Landscape
Competition Benchmarking: Benchmarking of leading 10 players on the basis of application.
Company Profiles: Detailed analysis of the major
companies present in US Facility Management Market.
Available Customizations:
With the given
market data, TechSci 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).
In case of you can’t find what you are looking for, then please get in
touch with our custom research team at sales@techsciresearch.com