The Soft FM Services in UK are expected to keep expanding in the long term, with a projected CAGR of 1.90% from 2024 to 2027, reaching a value of $17.86 billion by 2027.
- Actual Contract Value in 2024: ~£88 Billion
- Projected Contract Values for 2025: ~£20 Billion
- Projected Contract Values for 2026: ~£53 Billion
- Projected Contract Values for 2027: ~£86 Billion
Which Segments will see maximum growth for Soft FM?
- Commercial Segment: Representing sectors such as IT, finance, insurance, manufacturing, and retail, the commercial segment is predicted to grow from $2.33 billion in 2024 to $2.47 billion by 2027, a CAGR of 1.92%.
- Institutional Segment: Involving education and healthcare facilities, ranging from schools to universities and from care homes to hospitals, the institutional segment’s market size is expected to increase from $5.99 billion in 2024 to $6.32 billion by 2027, with a CAGR of 1.82%.
- Public/Infrastructure Segment: Including governmental buildings, council housing, defence facilities, transport infrastructures, and utilities, the Public/Infrastructure segment is set to expand from $5.39 billion in 2024 to $5.71 billion by 2027, registering a CAGR of 1.97%.
- Industrial Segment: Comprising diverse manufacturing businesses, from food and beverage to energy resources, the industrial sector’s market size is projected to grow from $0.85 billion in 2024 to $0.90 billion in 2027, a CAGR of 2.10%.
- Other Market Segments: Encompassing leisure facilities, sports complexes, public parks, and theatres, among others, this segment is predicted to increase from $2.32 billion in 2024 to $2.45 billion by 2027, reflecting a CAGR of 1.80%.