Iceland Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Iceland Facility Management Market is Segmented by type of facility management ( In-house FM Service, Outsourced FM Service (Single FM, Bundled FM, Integrated FM)), by Offering Type ( Hard FM, Soft FM) and by End-User (Commercial, Institutional, Public/ Infrastructure, Industrial).

Iceland Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Iceland Facility Management Market Size

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Iceland Facility Management Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.20 %
Market Concentration Low

Major Players

Iceland Facility Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Iceland Facility Management Market with other markets in Technology, Media and Telecom Industry

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Iceland Facility Management Market Analysis

The Iceland facility management market is anticipated to record a CAGR of above 2.2% over the forecast period (2022 - 2027). The growing emphasis on outsourcing non-core operations and growth in property management is expected to drive the Iceland market for facility management services. Along with this, the government regulation on safety measures and environmental concerns to follow green practices is expected to drive the market.

  • Iceland has its prominence in outsourced markets for facility management services in terms of development and sophistication. The region's facility management industry operates with integrated contracts provided by significant vendors such as MainManager, Diversey, etc., across various cities, and small local players focus on single contracts and single-service solutions. However, given the dynamics occurring across the region, there are increasing opportunities to leverage facility management and corporate real estate in new ways.
  • In terms of the end-user demand, the contribution of growing tourism in previous years increased the facility management market in Iceland hospitality management, primarily driven by the government's constrained budgets that lead to the continuous outsourcing of essential facility management services.
  • In terms of end-user demand, the public and Infrastructure sector's contribution to the facility management market in Iceland is more significant than any other end-user. For instance, in Dec 2021, KCAP revealed its design for the Keflavik airport area in Iceland, comprising an area of 55 square kilometers around Iceland's global aviation hub.
  • Services in the FM industry have been commoditized to a great extent. Also, end users are very price sensitive, and contracts are thus aimed at shorter terms. A real estate over-supply has been creating pressure on rent yields, thus leading the customers to cut costs on FM services.
  • Owing to the COVID-19 pandemic scenario, FM providers in the country should review and revise business contingency plans and test alternative methods to enable options such as slimmed-down office hubs and remote working with sequential impacts for network bandwidth, user licenses, etc.

Iceland Facility Management Industry Overview

The facility management landscape is highly competitive, with several local and international players active in the Iceland Market. International FM participants operate in the country through partnerships with local players. With the market expected to broaden and yield more opportunities, more players are expected to enter the market soon. Key players are MainManager, Tandur, Diversey, etc. The recent developments in the market are -

  • March 2022 - Diversey, a leading provider of hygiene, infection prevention, and cleaning solutions, announced its plan to apply an additional price supplement in the form of an energy surcharge,
  • Jan 2021 - Diversey has announced a global partnership with Solenis, a leading manufacturer of specialty chemicals, as a new distribution partner for its complete portfolio of water and process treatment chemicals in the food and beverage industry.

Iceland Facility Management Market Leaders

  1. MainManager ( Orn Software ehf )

  2. Diversey Holdings

  3. BG Cleanning

  4. KEY Facilities Management

  5. Reitir fasteignafélag hf.

  6. *Disclaimer: Major Players sorted in no particular order
MainManager ( Orn Software ehf ), Diversey Holdings, BG Cleanning, KEY Facilities Management, Reitir fasteignafélag hf.
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Iceland Facility Management Market News

  • Dec 2021 - Diversey completed the acquisition of Birko Corporation and Chad Equioment LLC. This acquisition will provide the customers with an advanced range of solutions that protects food safety, improve operational efficiency and increase the sustainability of their operations.
  • Sep 2021 - Diversey announced the opening of its Innovation Zone Research and Development Center. The facility has numerous labs where specialists develop the industry's next generation of cleaning and hygiene solutions.

Iceland Facility Management Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumption and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power Of Suppliers
    • 4.2.2 Bargaining Power Of Buyers
    • 4.2.3 Threat Of New Entrants
    • 4.2.4 Threat Of Substitutes
    • 4.2.5 Intensity Of Competitive Rivalry
  • 4.3 Impact of COVID-19 on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Growing Trend of Smart Buildings
    • 5.1.2 Steady Growth in Commercial Real Estate Sector
    • 5.1.3 Increasing Demand of Energy Management Services
  • 5.2 Market Challenges/Restraints
    • 5.2.1 Lack of Skilled Workforce

6. MARKET SEGMENTATION

  • 6.1 By Type of Facility Management
    • 6.1.1 Inhouse Facility Management
    • 6.1.2 Outsourced Facility Management
    • 6.1.2.1 Single FM
    • 6.1.2.2 Bundled FM
    • 6.1.2.3 Integrated FM
  • 6.2 By Offering Type
    • 6.2.1 Hard FM
    • 6.2.2 Soft FM
  • 6.3 By End User
    • 6.3.1 Commercial
    • 6.3.2 Institutional
    • 6.3.3 Public/Infrastructure
    • 6.3.4 Industrial
    • 6.3.5 Other End Users

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Diversey Holdings Ltd
    • 7.1.2 BG Cleanning
    • 7.1.3 MainManager ( Orn Software ehf )
    • 7.1.4 KEY Facilities Management
    • 7.1.5 Reitir fasteignafelag hf.
    • 7.1.6 Pacific Rim Group
    • 7.1.7 Jolly Harbour
    • 7.1.8 Innnes Ehf
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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Iceland Facility Management Industry Segmentation

Facility management confines multiple disciplines to ensure functionality, comfort, safety, and efficiency of any building by integrating people, place, process, and technology. While Hard services include physical and structural services like fire alarm system lifts, among others, soft services include cleaning, landscaping, security, and similar human-sourced services, providing a solution to end-users such as Commercial Buildings, Retail, Government, Public Entities, etc.

The Iceland Facility Management Market is Segmented by type of facility management ( In-house FM Service, Outsourced FM Service (Single FM, Bundled FM, Integrated FM)), by Offering Type ( Hard FM, Soft FM), and by End-User (Commercial, Institutional, Public/ Infrastructure, Industrial).

By Type of Facility Management Inhouse Facility Management
Outsourced Facility Management Single FM
Bundled FM
Integrated FM
By Offering Type Hard FM
Soft FM
By End User Commercial
Institutional
Public/Infrastructure
Industrial
Other End Users
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Iceland Facility Management Market Research FAQs

What is the current Iceland Facility Management Market size?

The Iceland Facility Management Market is projected to register a CAGR of greater than 2.20% during the forecast period (2024-2029)

Who are the key players in Iceland Facility Management Market?

MainManager ( Orn Software ehf ), Diversey Holdings, BG Cleanning, KEY Facilities Management and Reitir fasteignafélag hf. are the major companies operating in the Iceland Facility Management Market.

What years does this Iceland Facility Management Market cover?

The report covers the Iceland Facility Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Iceland Facility Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Iceland Facility Management Industry Report

Statistics for the 2024 Iceland Facility Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iceland Facility Management analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.