Market Share of Facility Management Industry
The facility management market is highly fragmented, with local and international players having decades of industry experience. The FM vendors are incorporating a powerful competitive strategy by leveraging their expertise. They spend a large chunk of the money on advertising. The FM companies are incorporating technologies into their services, strengthening their service portfolio. A few prominent companies operating in the market include Cushman & Wakefield PLC, Jones Lang LaSalle Inc., Emeric Facility Services, and SMI Facility Services.
- February 2024 - CBRE Group Inc. announced an agreement to acquire J&J Worldwide Services, a provider of engineering services, base support operations, and facilities maintenance for the US Federal government, from private equity firm Arlington Capital Partners.
- January 2024 - Leadec, a global provider of factory life cycle services, expanded into Spain and Portugal, bringing its total number of countries served to 16. Through the expansion, industrial companies in the Iberian Peninsula will have access to Leadec's extensive experience and technical expertise. An international technology and services company has awarded Leadec a multi-year contract for integrated facility management in Spain and Portugal, beginning in 2024 and spanning six countries in total. A customized suite of technical and infrastructure facility management services is included in the contract, allowing clients to concentrate on their core skills while Leadec maintains the seamless operation of their facilities.
- December 2023 - The India arm of British multinational group Compass Group PLC, which manages large office complexes and food services for corporates, planned to expand its facility management business from 2 million sq. ft to 10 million sq. ft as employees returned to offices and corporates continued to lease larger office spaces.
Facility Management Market Leaders
-
CBRE Group, Inc.
-
Jones Lang LaSalle Incorporated
-
Cushman & Wakefield PLC
-
Emeric Facility Services
-
SMI Facility Services
*Disclaimer: Major Players sorted in no particular order
