FACILITIES AND ENGINEERING SERVICES IN 2024: THE MARKET OUTLOOK AND COMMERCIAL TRENDS

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ACCESS THE FREE UK FM SUMMARY REPORT June 2024

The United Kingdom remains a prominent player in the European Facilities Management (FM) market due to its well-established and sophisticated industry, with an anticipated Compound Annual Growth Rate (CAGR) of 1.85% expected between 2024 and 2027. This growth is projected to result in a market value of $52.50 billion by 2027.

 

Several factors are poised to drive the growth of the FM sector in the UK, including a rising demand for outsourcing non-core operations, a strong emphasis on sustainability and energy efficiency, the adoption of cutting-edge technologies, and a growing need to enhance workplace productivity.

In terms of clientele, the public sector continues to be the largest consumer of FM services in the UK, accounting for more than 60% of the market share. Integrated and bundled FM services constitute the most significant segment within the UK FM market, contributing to more than 40% of the total market share.

 

Among the various FM segments, the Hard FM sector is expected to experience the fastest growth. This growth is underpinned by an increased focus on infrastructure maintenance and the adoption of sustainable practices within the built environment.

 

Geographically, the south-east region of England represents the largest share of the UK FM market, accounting for over 30% of the market.

The UK FM market exhibits high competitiveness with a mix of large, well-established national players and smaller niche companies.

Market segmentation primarily revolves around sectors, types of services offered, and geographical locations.

 

However, the FM sector faces certain challenges, including a shortage of skilled labor, rising energy costs, and the need to comply with government regulations.

 

Opportunities for growth lie in offering services that promote sustainability, energy efficiency, technology adoption, and employee well-being, as well as developing specialized services tailored to specific client and market needs. Additionally, forging strategic business partnerships, especially with leading real estate managers, can enable the provision of a wider array of services and solutions.

 

Market expansion is also expected through increased consolidation via acquisitions.

 

It’s worth noting that the UK’s high inflation and rising interest rates could exert pressure on operational costs for service providers and potentially slow down investments in infrastructure and commercial developments, potentially impacting the growth of the FM services market.

 

Despite these economic challenges, the market is displaying resilience and demonstrating steady growth, underscoring the essential role of FM services across various sectors. To navigate economic volatility, FM service providers should focus on cost-efficient strategies and innovative solutions.

Report Contents

01 Facility Management In UK – Market Overview
02 Facility Management – Market Trends and Challenges
03 Market Segmentation in UK
04 Competitive Landscape
05 Facility Management Market Outlook in UK
06 Research Framework
07 About Baachu
UK FM Market Report 2024-2027

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Free UK FM Market Summary Report June 2024

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