North America Facility Management Market Size, Share & Trends, By Service Type (Hard Services, Soft Services, and Other Services), By Industry Vertical (Healthcare, Government, Education, Military & Defense, Real Estate, and Others), and Regional Forecast, 2023-2030

North America holds the second-largest share of the global facility management market in terms of region. It is projected to grow at a CAGR of 6.0% during the forecast period. The North America facility management market size is projected to grow from USD 378.8 billion in 2022 to USD 578.3 billion by 2030.

The North America market is highly competitive and includes large multinational companies and smaller regional service providers. COVID-19 significantly impacted the market as businesses and organizations adapted to new health and safety regulations and adjusted their operations to support remote work. However, the pandemic also created new opportunities for the market, as businesses increased their focus on sanitation, cleaning, and ventilation to create safer indoor environments.

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Our North America’s market report covers the following countries – U.S., Canada, and Mexico.

LATEST TRENDS

Increasing Demand for Integrated Facility Management Solutions to Accelerate Market Growth

Businesses and organizations seek comprehensive solutions to manage their facilities, including maintenance, cleaning, security, and energy management. Integrated facility management solutions that provide a single point of contact for all these services are becoming increasing popular.

DRIVING FACTORS

Surging Demand for Cost-effective Solutions to Drive Market Growth

Facility management services help businesses and organizations save costs by improving operational efficiency and reducing downtime. Facility management service providers offer a range of services which can help businesses optimize their facility operations and reduce costs. As a result, there is a growing demand for cost-effective facility management solutions and services in North America, proliferating the market growth.

RESTRAINING FACTORS

Economic Uncertainty to Hinder North America Facility Management Market Growth

Economic uncertainty is expected to restrain the North America facility management market share. During periods of economic downturn or instability, organizations may reduce their spending on facility management services to cut costs.

KEY INDUSTRY PLAYERS

In terms of the competitive landscape, Jones Lang LaSalle Incorporated, EMCOR Facilities Services, and SMI Facility Services are the key players of the North America market due to strong product offerings and active involvement in R&D investments for the acceleration of product launches and approvals in the forecast period.

LIST OF KEY COMPANIES PROFILED:

• CBRE Group, Inc. (U.S.)
• Bouygues Energies & Services (Canada)
• Aramark (U.S.)
• Jones Lang LaSalle Incorporated (U.S.)
• Royalty General Construction (Canada)
• ABM Industries (U.S.)
• EMCOR Facilities Services (U.S.)
• GDI Integrated Facilities Services (Canada)
• Emeric Facility Services (U.S)
• SMI Facility Services (U.S.)
• Edon Properties Inc. (Canada)
• AHI Facility Services, Inc. (U.S.)
• MRI Software LLC (U.S.)
• Sodexo (France)

KEY INDUSTRY DEVELOPMENTS:

• May 2022: mCloud Technologies Corp., a leading artificial Intelligence (AI)-powered asset management and Environmental, Social, and Governance (ESG) solutions provider, signed a contract with a global wind power developer with operation in Europe for three years.
• April 2022: U.S. Central Command extended the five-year contract with SOS International worth USD 17.9 million to continue managing and maintaining secure facilities at AI-Udeid Airbase in Doha, Qatar and MacDill Air Force Base in Tampa, Florida.
• May 2021: CBRE Group declared that it has been assigned the responsibility of selling the embassy headquarters of Britain and Northern Ireland in Mexico City. The premises have served as the base for the operations of the British government in Mexico, which has promoted various bilateral interests and initiatives in the nation.
• February 2021: JLL Mexico collaborated with GoSpace AI, an occupancy and workplace management provider, to supply space allocations and drive dynamic resource through automatic, intelligent seating assignment methods.

REPORT COVERAGE

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The research report provides qualitative and quantitative insights on the market and a detailed analysis of the North America market size & growth rate for all possible segments in the market. Along with the market forecast, the research report elaborates on the market dynamics and competitive landscape. Various key insights presented in the report are overview of the regulatory scenario by key countries, new product launches, key industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 on the market.

Report Scope & Segmentation