Europe 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

Europe holds the third largest share of the global facility management market. It is projected to grow at a CAGR of 5.4% during the forecast period. The Europe facility management market size is projected to grow from USD 290.4 billion in 2022 to USD 426.6 billion by 2030.

The market in Europe is a mature and highly developed market. Therefore, the Europe facility management market growth is moderate. According to a report by Eurostat, the value added by the facility management sector in the European Union was USD 369 billion in 2017. In Europe, the market is highly competitive, with many service providers focusing on innovation and technology to meet the evolving needs of their clients and remain competitive in the market.

Our report on the Europe facility management market covers the following countries/regions – U.K., Germany, France, and the Rest of Europe.

LATEST TRENDS

Growing Focus on Sustainability and Energy-Efficiency Offers New Growth Opportunities

There is a growing focus on energy-efficiency and sustainability in Europe, driven by factors such as rising energy costs and environmental regulations. Facility management services providers offer a range of energy management solutions to help businesses and organizations reduce their energy consumption and improve their sustainability.

DRIVING FACTORS

Technological Advancements to Accelerate Market Growth

This industry is undergoing a digital transformation, with the increasing adoption of technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), and data analytics. These technologies are improving the efficiency and effectiveness of facilities management solutions, surging the demand for these solutions and services.

RESTRAINING FACTORS

High Competition Could Lead to Price Competition, which Could Limit Market Growth 

As the Europe facility management market share increases, more service providers enter the market, creating a highly competitive landscape. This is particularly true in mature markets, such as the U.K., Germany, and France, where there are already many established players. With so many service providers vying for business, price competition can become fierce. Service providers may need to lower their prices to sustain in the market, which could impact their profitability.

KEY INDUSTRY PLAYERS

In terms of the competitive landscape, Sodexo, Compass Group, and Serco Group PLC are the key players in the Europe 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:

• Sodexo (France)


• ISS A/S (Denmark)


• CBRE Group, Inc. (U.S.)


• Compass Group (U.K.)


• Johnson Controls International plc. (Ireland)


• Engie FM Limited Cofely AG) (France)


• Dussmann Group (Germany)


• Serco Group PLC (U.K.)


• Andron Facilities Management (U.K.)


• G4S Plc (U.K.)


• Veolia Environment (France)

KEY INDUSTRY DEVELOPMENTS:

• June 2022: The contract for operating and managing one of the largest prisons in the U.K., including a Young Offenders Institution (YOI), has been extended to G4S, the company that has been managing it for the last 25 years.


• May 2022: A contract worth USD 186 million was awarded to Mitie Group PLC to provide crucial services for the Armed Forces stationed in Gibraltar. The contract entails carrying out repairing work, servicing, maintenance, and complicated facilities management of the U.K. Ministry of Defense’s (MOD’s) estate in Gibraltar.


• April 2022: The partnership between CBRE and Microsoft aims to provide a more comprehensive and distinct range of technology solutions to cater to the needs of large retailers and businesses with distributed footprints. The collaboration will bring CBRE and Microsoft’s expanding Dynamics 365 field services platform together.

REPORT COVERAGE

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

Report Scope & Segmentation