Facility Management Market Size Worth USD 252.65 Billion By 2034 | CAGR: 17.5%

The global facility management market size is expected to reach USD 252.65 billion by 2034, according to a new study by Polaris Market Research. The report “Facility Management Market Share, Size, Trends, Industry Analysis Report, By Service (In-house, Outsourced); By Type; By End-Use; By Region; Segment Forecast, 2025 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The adoption of the market is greater in North America as compared to other regions. Government organizations worldwide make significant investments in the building and infrastructure industries. The construction of new buildings, civil engineering, and the rehabilitation of existing ones are the main factors for the high growth of the industry in the region.

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As a result, the industry is anticipated to be driven by the expansion of the infrastructure sector in a number of nations. Furthermore, there are plenty of prospects for obtaining contracts from the private sector, which expands the industry. One of the key reasons propelling the FM market is the rising demand for contract procurement from all over the world. There were very few worldwide agreements prior to the 2000s. Close to ten years ago, there were 30 to 50 worldwide contracts with an average annual income of USD 100 million – USD 500 million.

International contracts are continuing to increase today and are predicted to bring in more than USD 800 million in income. Furthermore, during the next four to five years, 15% to 20% of end-users globally plan to upgrade their facility service purchases and switch to an IFM contract.

In 2024, North America accounted for a significant 34.9% of the global market due to innovation and the implementation of advanced automation solutions. 

Polaris Market Research has segmented the facility management market report based on type, service, end-use, and region:

Facility management, Type Outlook (Revenue - USD Billion, 2020 - 2034)

• Hard Services
• Soft Service

Facility management, Service Outlook (Revenue - USD Billion, 2020 - 2034)

• In-house
• Outsourced

 Facility management, End-Use Outlook (Revenue - USD Billion, 2020 - 2034)

• Retail and commercial
• Industrial and manufacturing
• governmental facilities and public organizations
• Institutional
• Others

Facility Management, Regional Outlook (Revenue - USD Billion, 2020 - 2034)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa