United States Facility Management Market
United States Facility Management Market, By Service Offered (Hard Services, Soft Services); By Type of Facility Management (In-House Facility Management, Outsourced Facility Management); By Application (Commercial, Industrial, Residential, Institutional, Government); By Industry (Organized, Unorganized), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: October 2024
- Report ID: BWC24800
- Available Format: PDF
- Page: 140
Report Overview
An increasing complexity of facilities, rising cost of commercial real estate, and growing demand for workplace optimization are expected to drive United States Facility Management Market during the forecast period between 2024 and 2030.United States Facility Management Market – Industry Trends & Forecast Report, 2030
United States Facility Management Market size was estimated at USD 268.15 billion in 2023. During the forecast period between 2024 and 2030, United States Facility Management Market size is projected to grow at a CAGR of 6.2% reaching a value of USD 403.17 billion by 2030. Prominent drivers of the market include the increasing demand for customized in-house and outsourced facility management solutions, fueled by the expanding number of residential and commercial buildings in major urban areas across the country. Also, the market is experiencing a boost from the rising focus on integrated facility management and infrastructure developments, particularly in large cities. Advanced technologies like the Internet of Things (IoT), artificial intelligence (AI), and robotics are playing a transformative role in enhancing operational efficiency, with tools such as robotic facility monitoring and augmented reality becoming more prevalent. Companies like ABM, which signed a multi-year agreement in March 2023 to provide housekeeping and staffing services for Tropicana Field and Al Lang Stadium, are leading this shift towards integrated, tech-enabled services.
Facility Management – Overview
Facility management refers to the professional oversight and coordination of a building's operations, infrastructure, and services to ensure optimal functionality, safety, and efficiency. It encompasses a wide range of tasks, including maintenance, repairs, cleaning, security, and space management. By integrating various services, facility management aims to create a well-maintained and efficient environment that supports the core activities of businesses or organizations. With growing complexity in building systems, many organizations choose to outsource facility management tasks to third-party providers, enabling them to focus on their primary operations while ensuring effective upkeep and operational continuity of their facilities.
United States Facility Management Market
Growth Drivers
Growing Focus on Energy Efficiency and Sustainability
United States Facility Management Market is witnessing growing emphasis on sustainability and energy efficiency. Many organizations are adopting sustainable practices not only to meet regulatory standards but also to cut operational costs and enhance their corporate reputation. Facility Management is integral to achieving these goals by improving building performance and reducing environmental impact. Key strategies include energy-efficient HVAC systems, LED lighting, and smart metering, all designed to lower energy usage and costs. Retrofitting older structures with these technologies can lead to substantial reductions in utility expenses and emissions. Certifications like LEED and ENERGY STAR have become standard for green buildings, with Facility Management professionals driving their adoption and upkeep. In addition to energy efficiency, Facility Management supports sustainability through waste reduction, water conservation, and better indoor air quality. As sustainability gains importance, it shapes strategic decisions, attracting eco-conscious investors and tenants while delivering long-term cost savings.
Challenges
Shortage of Qualified and Experienced Facility Managers
One of the key challenges in the facility management (FM) industry is the shortage of qualified and experienced professionals. With an aging workforce in skilled trades such as HVAC and electrical work, the gap is widening as experienced workers retire. Additionally, attracting younger talent to facility management roles is difficult due to perceived lack of prestige and growth opportunities. To address this, facility management companies are investing in workforce development through apprenticeship programs, vocational training, and certification courses. These initiatives aim to bridge the skills gap and ensure the availability of skilled facility managers for the future.
Impact of Escalating Geopolitical Tensions on United States Facility Management Market
Escalating geopolitical tensions among countries across regions could have a significant impact on the growth of United States Facility Management Market. Rising global conflicts may lead to supply chain disruptions, affecting the availability of critical materials and equipment needed for facility operations and maintenance. Increased energy costs due to fluctuating oil prices could strain operational budgets, forcing FM providers to adopt cost-cutting measures. Additionally, regulatory changes influenced by global dynamics may increase compliance costs. As geopolitical tensions continue to evolve, FM companies must adopt proactive risk management strategies to ensure resilience and maintain service efficiency in an uncertain environment.
United States Facility Management Market
Segmental Coverage
United States Facility Management Market – By Service Offered
By service offered, United States Facility Management Market is bifurcated into Hard Services and Soft Services segments. The hard services segment holds a higher share in United States Facility Management Market by service offered. The industry encompasses services like plumbing, drainage, cleaning, and building fabric maintenance, all related to the physical structure of buildings. The rapid expansion of the construction sector has driven global urbanization growth.
United States Facility Management Market – By Type of Facility Management
By type of facility management, United States Facility Management Market is split into In-House Facility Management and Outsourced Facility Management segments. The outsourced facility management segment holds a higher share in United States Facility Management Market by type of facility management, as organizations increasingly outsource non-core activities to focus on core operations. Additionally, outsourced service providers' ability to offer advanced technological solutions further drives companies toward this model, contributing to overall market expansion.
United States Facility Management Market – By Application
On the basis of application, United States Facility Management Market divided into Commercial, Industrial, Residential, Institutional, and Government segments. The commercial segment holds the highest share in United States Facility Management Market by application. Commercial construction focuses on business purposes, such as new office buildings or industrial facilities, with service providers managing essential infrastructure tasks like lift maintenance, repairs, and cleaning. Smart building technology aids facilities managers in creating energy-efficient environments and managing assets. In November 2023, Matterport Inc. and Belden Inc. partnered to offer 3D digital twin-powered solutions for facilities management. The northeastern US has seen significant growth in flexible workspaces with sustainable IT infrastructure, driven by green technology adoption. United States professional cleaning services are also expanding due to the rising popularity of green cleaning technologies. In the retail sector, facilities management ensures clean, safe store environments. NEST, which manages over 60,000 retail locations in the United States and Canada, provides integrated solutions that combine financial analytics with maintenance services, contributing to increased foot traffic, even during the COVID-19 pandemic.
United States Facility Management Market – By Industry
Based on industry, United States Facility Management Market split into Organized and Unorganized segments.
Competitive Landscape
Major players operating in United States Facility Management Market include Stanley Black & Decker, Inc., Klein Tools, Ideal Industries Inc., Acme Tools Inc., Snap-on Tools, Inc., Mac Tools and Forge Company, Matco Tools Corporation, Cornwell Quality Tool Co., Apex Tools Group, and Sherman-Klove Company (SK Tools). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
-
In February 2024 - CBRE Group Inc. completed its acquisition of J&J Worldwide Services in partnership with Arlington Capital Partners.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2030 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
USD Billion |
Market Coverage |
United States |
Product/ Service Segmentation |
Service Offered, Type of Facility Management, Application, Industry |
Key Players |
Stanley Black & Decker, Inc., Klein Tools, Ideal Industries Inc., Acme Tools Inc., Snap-on Tools, Inc., Mac Tools and Forge Company, Matco Tools Corporation, Cornwell Quality Tool Co., Apex Tools Group, Sherman-Klove Company (SK Tools) |
By Service Offered
-
Hard Services
-
Soft Services
By Type of Facility Management
-
In-House Facility Management
-
Outsourced Facility Management
By Application
-
Commercial
-
Industrial
-
Residential
-
Institutional
-
Government
By Industry
-
Organized
-
Unorganized
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- United States Facility Management Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Increasing complexity of facilities
- Rising cost of commercial real estate
- Growing demand for workplace optimization
- Restraints
- Lack of standardized practices and certifications in the facility management industry
- Finding qualified and experienced facility managers
- Opportunities
- Growing focus on energy efficiency and sustainability
- Emerging technologies like IoT, AI, and building automation systems
- Growing emphasis on sustainability
- Challenges
- Adhering to complex regulations related to safety, environmental protection, and energy efficiency
- Managing risks such as natural disasters, security threats, and operational disruptions
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- United States Facility Management Market: Pricing Analysis
- United States Facility Management Market: Marketing Strategies
- United States Facility Management Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share & Forecast
- By Service Offered
- Hard Services
- Soft Services
- By Type of Facility Management
- In-House Facility Management
- Outsourced Facility Management
- By Application
- Commercial
- Industrial
- Residential
- Institutional
- Government
- By Industry
- Organized
- Unorganized
- By Service Offered
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- United States Facility Management Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on United States Facility Management Market
- Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Stanley Black & Decker, Inc.
- Klein Tools
- Ideal Industries Inc.
- Acme Tools Inc.
- Snap-on Tools, Inc.
- Mac Tools and Forge Company
- Matco Tools Corporation
- Cornwell Quality tool Co.
- Apex Tools Group
- Sherman-Klove Company (SK Tools)
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumption & Limitation
- Qualitative Research
* Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 United States Facility Management Market Segmentation
Figure 2 United States Facility Management Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 United States Facility Management Market Size, By Value (USD Billion), 2019–2030
Figure 5 United States Facility Management Market Share, By Service Offered, By Value (USD Billion), 2019–2030
Figure 6 United States Facility Management Market Share, By Type of Facility Management, By Value (USD Billion), 2019–2030
Figure 7 United States Facility Management Market Share, By Application, By Value (USD Billion), 2019–2030
Figure 8 United States Facility Management Market Share, By Industry, By Value (USD Billion), 2019–2030
List of Tables
Table 1 United States Facility Management Market Size, By Value (USD Billion), 2019–2030
Table 2 United States Facility Management Market Share, By Service Offered, By Value (USD Billion), 2019–2030
Table 3 United States Facility Management Market Share, By Type of Facility Management, By Value (USD Billion), 2019–2030
Table 4 United States Facility Management Market Share, By Application, By Value (USD Billion), 2019–2030
Table 4 United States Facility Management Market Share, By Industry, By Value (USD Billion), 2019–2030
Table 6 CBRE Group Inc. Company Overview
Table 7 CBRE Group Inc. Financial Overview
Table 8 Jones Lang LaSalle Incorporated Company Overview
Table 9 Jones Lang LaSalle Incorporated Financial Overview
Table 10 Cushman & Wakefield PLC Company Overview
Table 11 Cushman & Wakefield PLC Financial Overview
Table 12 Emeric Facility Services Company Overview
Table 13 Emeric Facility Services Financial Overview
Table 14 SMI Facility Services Company Overview
Table 15 SMI Facility Services Financial Overview
Table 16 Sodexo Inc. Company Overview
Table 17 Sodexo Inc. Financial Overview
Table 18 AHI Facility Services Inc. Company Overview
Table 19 AHI Facility Services Inc. Financial Overview
Table 20 ISS Facility Services Inc. Company Overview
Table 21 ISS Facility Services Inc. Financial Overview
Table 22 Shine Management & Facility Services Company Overview
Table 23 Shine Management & Facility Services Financial Overview
Table 24 Guardian Service Industries Inc. Company Overview
Table 25 Guardian Service Industries Inc. Financial Overview
Market Segmentation
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
Frequently Asked Questions (FAQs):
6. Which is the fastest growing service offered segment in United States Facility Management Market?
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.