Upcoming investments and numerous projects are the major factors propelling the Germany Facility Management Market growth in the forecast period.
According to TechSci Research report, “Germany Facility Management Market – By Region, Competition Forecast & Opportunities, 2018-2028,” the Germany Facility Management Market is expected to register robust growth during the forecast period, 2023-2028. Facility management (FM) is on the rise with rapid urbanization and increased spending on infrastructure projects. Facility management is useful because it is a common service required in residential, commercial, and many other areas. With both government and private projects on the rise, property owners want to create world-class facilities for themselves and others. Many market participants offer integrated services that require FM services put together by a team. By using FM services when needed, owners can expect to extend the overall useful life of their buildings by a few more years and can refurbish their buildings with minimal disruption or damage.
Infrastructure development has increased the demand for Facility Management (FM) services. These services are useful in a person’s day-to-day life as they are used in residential, commercial, and other sectors. With FM services being taken from time to time whenever necessary, the owner can expect the facility’s lifespan to increase by a few more years. The services of Facility Management have been used since many years provided by freelancers but with technology and investment, companies have taken facility management as a business equipped with the latest equipment and technology.
The demand for such solutions and services has been steadily increasing and is expected to increase significantly in the coming years. The increase in demand is due to government spending on transportation, energy, construction, etc. Personnel, equipment and other services are all part of contract management.
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The Germany Facility Management Market is segmented into service, type, industry, end user, and sectors. Based on service, the market is divided into property, cleaning, security, support, catering, and others. Based on end user, the market is segmented into commercial, residential, industrial, public sector. During the projected period, the commercial segment in the service type held the largest market share with a robust CAGR during the forecast period. In August 2021, Google plans to invest in renewable energy with the opening of a new Google Cloud region in Berlin-Brandenburg. The company will continue to invest in Germany’s transition to a digital and sustainable economy. The company plans to invest around €1 billion in digital infrastructure and clean energy by 2030. Despite all the talk about hybrid working, modern offices with long-term tenants continue to be in great demand among investors. Growing business acumen of industry leaders and diversification of the economy from automotive to other industries are likely to increase the demand for domestic facility management services. Furthermore, in October 2021, SPIE, an independent multi-technical service provider in the fields of energy and telecommunications, extended its partnership with Siemens Energy for the next three years. The multi-technology service provider will be responsible for the technical equipment management of his 385,000 square meters of office and production space at Siemens Energy.
Based on Industry, the market is segmented into organized and unorganized. During the projected period, the unorganized segment is expected to dominate the market in the forecast period of 2023-2028. Despite the enormous revenue potential of outsourced FM, services are becoming increasingly commercialized and organic growth is difficult to achieve. In addition, increasing numbers of commercial and residential buildings in major cities have increased the demand for unorganized facility management services across the country. Rapid infrastructure development and increasing focus on integrated facility management services are expected to have a positive impact on the market.
Key market players in the Germany Facility Management Market: –
- Strabag SE
- Sodexo Services GmbH
- Dussmann Group
- Compass Group PLC
- Wisag Facility Service Holding GmbH
- Al Vinci SA
- Spie Group
- Aramark LLC
- Cushman & Wakefield PLC
- ISS Facilities Services Inc
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“As number of infrastructure projects keep increasing, need for facility management services rise. With increase in commercial real estate projects, the commercial segment is expected to rise during the forecast period. Unorganized sector is expected to dominate the market as the population seeks services in an economic way. Investment by Google and football tournament UEFA 2024 is expected to drive the Facility Management Market due to increase in tourism and business.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Germany Facility Management Market By Service (Property, Cleaning, Security, Support, Catering, Others), By Type (Hard Services, Soft Services), By Industry (Organized, Unorganized), By End User (Commercial, Residential, Industrial, Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others) By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Germany Facility Management Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities Germany Facility Management Market.
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