Transparency Market Research (TMR) observes intense rivalry among key players in the facilities management market in France. This reflects a high degree of competition among top players, namely ATALIAN Global Services, Cresa Sodexo, ISS World Services, and Mace. At present, leading vendors for facilities management services in France are providing singular as well as integrated service solutions to end users. However, these vendors are focused on introducing a combination of services and customizes services that will help stay ahead in the competition, notes the study.
The facilities management market in France is expected to display an impressive 9.80% CAGR between 2016 and 2024. As a result, the market’s valuation will increase from US$48.02 bn in 2015 to US$110.4 bn by the end of 2024.
Security Services to Remain Dominant in Future
The chief service segments of the facilities management market include hygiene and prevention, support, catering, facility/property management, security, cleaning, and logistics and production. Of these, the segment of support services is expected to display the most notable growth as maintenance and support is essential for the functioning of industries.
Nonetheless, the security service segment has been leading the facilities management market in France. The segment is expected to retain its dominant position over the forecast period. The looming growth of the security services segment is attributed to the rising demand for manned security and to access control services across a multitude of industries in France.
Other than this, the segment of catering services, hygiene and prevention, and cleaning services are also expected to display a healthy progression over the coming years.
The application segments of facilities management market in France include pharmaceuticals, healthcare, industry and manufacturing, hotel, energy and resources, transportation and logistics, business services and IT, food and beverages, public administration, leisure and entertainment, and retail and wholesale. Of these the segment of business services and IT leads the market and is expected to do so with a CAGR of 10.60% between 2016 and 2024. The changing practices of IT-driven healthcare is the major force for the increased adoption of facilities management services in the business services and IT industry sectors in France.
Apart from this, hotel, leisure, and entertainment stood as one of the leading segments and is expected to provide substantial revenue to the facilities management market in France over the forecast period. The rising practice of outsourcing linen management, catering, cleaning, and maintenance and logistics in the hotel, leisure, and entertainment segment bodes well for the facilities management market in this country.
Increasing Demand for Standardization of Services Fuels Growth
“The rising trend of outsourcing services to a third-party is the chief factor influencing the growth of facilities management market in France,” says a TMR analyst. Businesses are recognizing the benefits of outsourcing operations, which is not only cost-effective but also helps in planning in-house organizational activities to translate into business growth in the long-run.
Furthermore, the demand for standardization of services is expected to benefit the growth of facilities management market in France. However, factors such as hike in labor charges and preference for in-house services for cost considerations may hamper the growth of this market to some extent, reports the study.
The review presented is based on the findings of Transparency Market Research report, titled “Facilities Management Market (Service - Facility/Property Management, Cleaning services, Security services, Property Services, Catering services, Support services, Hygiene & prevention and Logistics & production; Service Sourcing - In-house Services and Outsourced Services; Industry - Pharmaceuticals, Health Care, Business Services and IT, Public Administration, Industry and Manufacturing, Hotel, Leisure, and Entertainment, Retail and Wholesale, Energy & Resources, Food and Beverages, and Transportation and Logistics) - France Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
The France Facilities Management Market has been segmented as follows:
France Facilities Management Market, by Services
- Facility/Property Management (Workplace mgmt., risk mgmt., facilities administration)
- Cleaning Services
- Security Services
- Property Services
- Catering Services
- Support Services
- Hygiene & Prevention
- Logistics & Production
France Facilities Management Market, by Service Sourcing
- In-house Services
- Outsourced Services
France Facilities Management Market, by Industry
- Health Care
- Business Services and IT (Corporate)
- Public Administration (Government and Public Sector)
- Industry and Manufacturing (Manufacturing)
- Hotel, Leisure, and Entertainment
- Retail and Wholesale (Retail and Commercial)
- Energy & Resources
- Food and Beverages
- Transportation and Logistics
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