Hard Facilities Management Market by Services, Deployment, End-User

Description

List of Tables

[185 Pages Report] The Hard Facilities Management Market size was estimated at USD 26.30 billion in 2023 and expected to reach USD 27.44 billion in 2024, at a CAGR 4.41% to reach USD 35.59 billion by 2030.

Hard facilities management (FM) is a specialized branch of facility management that encompasses the physical aspects of a building, focusing on maintaining, repairing, and upgrading its critical infrastructure. This includes various systems and components such as heating, ventilation, and air conditioning (HVAC), electrical installations, plumbing, roofing, elevators, and other structural elements necessary for the smooth functioning of any commercial or industrial facility. Governments worldwide are increasingly providing frameworks for hard facilities management with a strong focus on sustainability. These drivers are fueling the demand for advanced solutions in managing infrastructure, equipment, and other physical assets to ensure optimal utilization and minimal environmental impacts. However, the complexity involved in managing multiple facilities often creates challenges for organizations seeking to implement hard facilities management strategies. The integration of artificial intelligence (AI) and automation technologies promises to enhance operational efficiency by automating routine tasks and providing real-time insights into asset performance. As organizations continue to seek new ways to optimize operations while reducing costs, many are turning towards third-party service providers who specialize in managing physical assets on their behalf.

KEY MARKET STATISTICS
Base Year [2023]	USD 26.30 billion
Estimated Year [2024]	USD 27.44 billion
Forecast Year [2030]	USD 35.59 billion
CAGR (%)	4.41%

Regional Insights

In the Americas, the United States and Canada constitute a significant portion of demand, driven by infrastructure development, service quality, cost-effectiveness, and technological advancements in commercial buildings and residential sectors. Focus on energy efficiency improvements and renewable energy adoption has increased in recent years. EMEA encompasses strict EU regulations that impact consumer preferences in Germany, France, Italy, and Spain. Integrated facility management solutions addressing multiple building operations aspects are highly sought after. In the Middle East & Africa, rapid urbanization drives demand for advanced solutions focused on energy conservation measures with massive investments for smart cities development. Asia-Pacific comprises varied customer requirements due to industrialization growth and sustainability awareness within facility management services. China leads in patent filings related to building automation systems; Japan emphasizes research in robotics applied to facility maintenance tasks; India experiences an increasing trend towards outsourcing hard facilities management operations to third-party providers due to expanding real estate markets allowing hard facilities management market players to adapt their strategies effectively across diverse geographies.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Hard Facilities Management Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Rising need for efficient and cost-effective management of physical assets
- Government frameworks for hard facilities management with focus on sustainability

Market Restraints
- Complexity in managing multiple facilities and lack of customization

Market Opportunities
- Integration of AI and automation in hard facilities management
- Accelerating trend of outsourcing hard facilities management

Market Challenges
- Limited integration with existing software systems and skilled workforce shortage

Market Segmentation Analysis
- Services: IoT integration or AI-powered predictive analytics continue to empower the Hard Facilities Management services in building maintenance
- Deployment: On-cloud deployment facilitates efficient operation while facility management
- End-User: Commercial application shows highers adoption of hard facilities management meeting the clients diverse needs

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Hard Facilities Management Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Hard Facilities Management Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ISS Wins Three Additional FM Contracts with the Government Property Agency

ISS has been awarded additional contracts for hard and soft Facilities Management (FM) services by the Government Property Agency (GPA) across England. ISS is committed to support the GPA's Workplace Services Transformation Programme, ensuring resilience and continuity of service delivery. [Published On: 2023-09-19]

Arcus FM Acquires Trios to Drive Future Growth and Bolster Strength in The UK FM Market

Arcus FM, a key provider of technology-driven facilities management solutions, has acquired Triosgroup Limited and its subsidiaries. The acquisition by Arcus FM represents a seamless cultural fit between the two organizations, both of which share similar values and commitments to innovation and client satisfaction. [Published On: 2023-08-14]

Kingdom Strengthens FM Provision with Latest Acquisitions

Kingdom Services Group has acquired Red Support Services Ltd and Green Support Services Ltd to strengthen its facilities management capabilities. This strategic acquisition underscores Kingdom's unwavering commitment to delivering exceptional services to its customers and supporting the company's growth trajectory. [Published On: 2023-06-15]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Hard Facilities Management Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Hard Facilities Management Market, highlighting leading vendors and their innovative profiles. These include ABM Industries Inc., Almeda Group, Aramark, Bellrock Property & Facilities Management Limited, Black & McDonald Limited, CBRE, Inc., Clear Choice Ltd., Compass Group PLC, Crystal Facilities Management Ltd., Cushman & Wakefield PLC, Dr. Sasse AG, EgyBell, Entire Facilities Management, Eptura, Inc., Eric Wright Group, Facilities Management Express, LLC, GCS Services Ltd., HLA Services, International Business Machines Corporation, ISS A/S, Johnson Controls International PLC, Jones Lang LaSalle Incorporated, Kimpton Ltd., Pinnacle Group Company, PPVS Facilities Management, RFM Group, Robertson Group, Skanska UK PLC, Sodexo Facilities Management Services, Ventia Services Group Pty Limited, Veolia Environnement S.A., and Wates Group Limited.

Market Segmentation & Coverage

This research report categorizes the Hard Facilities Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

Services
- Building Maintenance
- Fire Management
- HVAC Maintenance Services
- Mechanical & Electrical
- Plumbing & Lighting
- Water Management

Deployment
- Cloud
- On-Premises

End-User
- Commercial
- Industrial
- Institutional
- Public/Infrastructure
- Residential

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-803E2AFECBF6

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising need for efficient and cost-effective management of physical assets
  - 5.1.1.2. Government frameworks for hard facilities management with focus on sustainability
- 5.1.2. Restraints
  - 5.1.2.1. Complexity in managing multiple facilities and lack of customization
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of AI and automation in hard facilities management
  - 5.1.3.2. Accelerating trend of outsourcing hard facilities management
- 5.1.4. Challenges
  - 5.1.4.1. Limited integration with existing software systems and skilled workforce shortage
5.2. Market Segmentation Analysis
- 5.2.1. Services: IoT integration or AI-powered predictive analytics continue to empower the Hard Facilities Management services in building maintenance
- 5.2.2. Deployment: On-cloud deployment facilitates efficient operation while facility management
- 5.2.3. End-User: Commercial application shows highers adoption of hard facilities management meeting the clients diverse needs
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Hard Facilities Management Market, by Services

6.1. Introduction
6.2. Building Maintenance
6.3. Fire Management
6.4. HVAC Maintenance Services
6.5. Mechanical & Electrical
6.6. Plumbing & Lighting
6.7. Water Management

7. Hard Facilities Management Market, by Deployment

7.1. Introduction
7.2. Cloud
7.3. On-Premises

8. Hard Facilities Management Market, by End-User

8.1. Introduction
8.2. Commercial
8.3. Industrial
8.4. Institutional
8.5. Public/Infrastructure
8.6. Residential

9. Americas Hard Facilities Management Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Hard Facilities Management Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Hard Facilities Management Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. ISS Wins Three Additional FM Contracts with the Government Property Agency
- 12.3.2. Arcus FM Acquires Trios to Drive Future Growth and Bolster Strength in The UK FM Market
- 12.3.3. Kingdom Strengthens FM Provision with Latest Acquisitions
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio