How is is spent on commercial facilities management annually in the US and globally?

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How is is spent on commercial facilities management annually in the US and globally?

The commercial facilities management market is not a distinct market, it is part of the larger facilities management market. There is no data available online to say how much is specifically spent on the commercial sector of this market annually, this is because most reports withhold data unless they are purchased. However, I was able to find the total size of the facilities management market for both the US, and globally. I also found information on how each region is expected to grow, how they are fragmented, and who the main players are.

METHODOLOGY

The commercial facilities management market is not a distinct market defined in its own right. It is part of the larger facilities management market. Data on this market is very limited, only overall market sizes are available, with little data on how this is broken down (e.g. the percentage accountable to the commercial sector). I looked through many industry reports, articles and news stories on the topic. I also looked on online statistics sites such as Statista. Finally, I also looked on articles on relevant industry news sites such as Supply Chain Drive. However, the only information available are the few statistics that are available in the reports discussed below. There are many reports on the global and US markets, however it would seem that data is only available at times upon purchase of the report. This is why I believe the information is not readily available online.

I attempted to calculate the revenue driven by the commercial sector by looking for the percentage of the market (both US and global) that commercial accounted for. However, as you will see below, this information was not available for these regions, just for smaller markets (e.g. the U.A.E).

USEFUL FINDINGS

The North American facilities management market was worth $198.26 billion in 2015 (most recent the data is available for). The USA generated $114.18 billion of this revenue. The market in this region is set to grow rapidly, to a total valuation of $610.21 billion by 2024. The market is largely fragmented, with the top 10 players only accounting for 10% of the total revenue in 2015. Growth in this market is expected to be mostly driven by the retail and commercial sector, which are expected to grow at 14.1% CAGR from 2016 to 2024.

The global facilities management market was worth $1.12 trillion ($1,120 billion) in 2015 (most recent the data is available for). Another report that I looked at tells us that global market is predicted to be worth $1,887 billion by 2024. The report claims that the commercial sector is driving growth within the global market as well.

Like the US market, the global market is also very fragmented, with key players only taking a small chunk. Europe represents the largest market, and Asia-Pacific is the fastest growing.

The main players of the Global Facilities Management market are: Sodexo, Compass Group, Aramark, ISS A/S and CBRE Group.

To attempt a calculation I looked for the percentage of the market that commercial accounted for, in both the global and US market, however this was only available for some distinct smaller markets. For example, in the U.A.E commercial accounts for 35.0% of the facilities management market. However, this can not be applied as a general figure for the global or US market because we don't know how the market in the U.A.E compares.

POSSIBLE CONTINUED RESEARCH

It may be of interest to you to pursue further information on the wider facilities management market. For example, I have identified the main players in the global market. A competitive landscape of these companies with a focus on their commercial capabilities may be useful. The same may also be of interest for the US market.

CONCLUSION

To sum up, I have found that a direct answer to your question is not available because the market you are interested in is a segment of the facilities management market, for which data is mostly only available in purchased industry reports. I did find that the US facilities management market was worth $114.18 billion in 2015, and the global market was worth $1,120 billion in the same year. In addition to this I found that the commercial sector is currently a main driver of growth in both markets.
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Sources