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North America Facility Management Services Market Size 2021: Major Industry Drivers, Business Growth Statistics, Size with Regional Analysis 2030

In a recent published report, Kenneth Research has updated the market report for North America Facility Management Services Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for North America Facility Management Services Market products.

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The Report Title North America Facility Management Services Market has been added by Kenneth Research, provides detailed insights of the market scenario which is further classified on the basis of market size and market volume, along with the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2021-2023.

The facility management services are adopted by various organizations such as information technology, real estate, energy, furniture and transportation among many others to maintain and improve the facilities and services of that organization. It is the core responsibility of the facility management services to control all the processes of the companies that have implemented these services in order to enhance the overall productivity combined with improving the quality of the life of employees of that company. The facility management services find its application in various end-user industries such as residential, retail, commercial, educational, healthcare, government and others. Security and maintenance is expected to boost the growth of the retail and commercial segment significantly in North America’s facility management services market by 2023.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

Market Size and Forecast

Globally, North America grabbed the largest share in facility management market during 2016. The rising infrastructural facilities coupled with better economic growth fuelled the facility management market in the region. Last year, the U.S. contributed the largest share in the revenue generated in the North America region and is projected to maintain its dominance in near future. The U.S is projected to be a mature facility services management market in future owing to the presence of many organized and un-organized players in the region.

On the other hand, Canada is expected to be a smaller market when compared to U.S., however the growth rate is believed to be higher in Canada than its counterpart. According to the World Bank, the GDP growth of the United States was 17,305 Billion constant 2010 USD, while Canada’s GDP growth in constant 2010 USD was 1,884 Billion in 2017.

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“The Final Report will cover the impact analysis of COVID-19 on this industry.”

According to a recent study conducted by Kenneth Research, the North America market of facility management services is expected to grow at a compound annual growth rate of around 13% during the forecast period 2018-2023. Requirement of maintenance of the administrative assets in North America is anticipated to generate about USD 451 Billion in terms of revenue by the end of 2023. Based on the services type, the North America facility management services market is segmented into soft services and hard services. The hard services segment is expected to dominate the overall North America facility management services market during the forecast period.

Key Players

Archibus
Johnson Controls Inc.
Compass Group
Turner facilities Management Ltd.
ISS
Fluor Corporation
CUSHMAN & WAKEFIELD
Macro
Aramark Corporation
Carillion PLC
CB Richard Ellis (CBRE)
ABM Industries Incorporated

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Growth Drivers and Challenges:

North America facility management services market is one of the growing markets across the globe. Rise in infrastructure & economic development in the region are projected to fuel the expansion of the market over the forecast period. Rising concern in the evaluation of business investments & utilization of resources through optimistic approach is expected to contribute significantly in the overall growth of facility services management market in North America during the forecast period 2018-2023.However, the convenience towards developing technology is estimated to be the concerning factor behind the growth of the North America facility management services market in the near future.

Download Sample of This Strategic Report-:
https://www.kennethresearch.com/sample-request-10075325

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

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