Italy Facility Management Market Size (2024 - 2029)

The Italy Facility Management Market is projected to experience growth over the forecast period, driven by advancements in technology and the increasing integration of the Internet of Things (IoT) in facility management practices. The market's expansion is supported by the need for efficient management of diverse commercial real estate sectors, including retail, office, industrial, and hospitality properties. Despite the presence of numerous regional players offering competitive pricing, the market faces challenges due to the limited adoption of technologically advanced services. The COVID-19 pandemic has further accelerated the demand for innovative solutions and heightened focus on hygiene and safety, influencing the market's transformation and recovery.

Market Size of Italy Facility Management Industry

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Italy Facility Management Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 40.87 Billion
Market Size (2029) USD 46.66 Billion
CAGR (2024 - 2029) 2.14 %
Market Concentration Low

Major Players

Italy Facility Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Italy Facility Management Market Analysis

The Italy Facility Management Market size is estimated at USD 40.87 billion in 2024, and is expected to reach USD 46.66 billion by 2029, growing at a CAGR of 2.14% during the forecast period (2024-2029).

The International Facility Management Association (IFMA) defines facility management as combining a physical workplace with an organization's workforce and work, including equipment upkeep, space planning, and portfolio forecasting. These services include leadership and strategy, real estate and property management, project management, quality, human aspects, emergency planning and business continuity, environmental sustainability, and others.

  • Various trends may propel facility management in Italy; for example, the Internet of Things (IoT) refers to physical equipment and sensors that use the Internet to connect with FM teams. They generate performance data that alerts facility managers to potential problems. FMs can monitor and control equipment from any location. FM teams use IoT to deliver real-time insights into their operations. IoT paired with FM software, such as a computerized maintenance management system (CMMS), identifies problems, automatically prepares and assigns work orders without human intervention, and tracks their execution.
  • Facility management in smart buildings utilizes data, automation, and new technologies to enable buildings to be run more efficiently and cost-effectively. An intelligent building uses sensors and automation to control all facilities, from lights to space occupancy and energy consumption. With smart technology, robust data can be gathered to give the facilities manager the insights needed to make better business decisions.
  • Italy has a diverse commercial real estate market, including retail, office, industrial, and hospitality properties. The Italian market has seen steady growth in recent years, particularly in the office and industrial sectors. Prices for commercial real estate in Italy can vary depending on location and property type, with prime locations typically commanding higher prices. Major Italian commercial real estate industry players include CBRE, Savills, and Cushman & Wakefield.
  • The Italian facility management services market needs to be more cohesive as significant local players enter the commercial sector. For instance, the market is dominated by regional players such as Elmet Srl, Rekeep SpA, and NAZCA. Local players offer competitive pricing in the market, which reduces the suppliers' bargaining power and gives the buyers an option to switch their facility management vendors with minimal switching costs quickly. Local players with fewer international relationships are leading to lesser adoption of technically advanced FM services, such as robotics used for cleaning practices, which will be a significant threat with a long-term effect.
  • The COVID-19 pandemic had a significant economic impact on facility management companies. People's mobility restrictions resulted in declining project work and decreased activity at several customer sites. The pandemic lockdown impacted major industry businesses, including Sodexo Facilities Management Services and CBRE Group.
  • The demand for transformation, creative solutions, and unique planning strategies has increased since the pandemic. Since the emphasis has shifted toward higher hygiene-related rules, better workplace safety and cleanliness, and developing a digitized work environment, sourcing and procurement are essential in the facilities management market's post-pandemic transformation and recovery.

Italy Facility Management Industry Segmentation

The study tracks the facility management (FM) market-related trends in Italy by analyzing the turnover accrued through service providers' end-user contracts. The study tracks the revenues accrued from services offered for building operation and maintenance (mechanical and electrical services, heating and ventilation, plumbing, building services control and management systems, building fabric portable application testing, fire protection systems, fire alarm, and detection systems), environmental management (energy management services, waste management, recycling services), IT and telecommunication (establishment and maintenance of IT systems and the introduction of software packages), support services (cleaning, catering, vending, courier services, laundry services, post room staffing and management, reception staffing, and security) and property management (space planning and design, asset management, property acquisitions and disposals, and relocation management).

The Italian facility management market is segmented by facility management type (in-house facility management and outsourced facility management (single facility management, bundled facility management, and integrated facility management)), offering type (hard facility management and soft facility management), end-user industry (commercial and retail, institutional, government, infrastructure & public entities, and manufacturing and industrial). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Offering Type
Hard Facility Management
Soft Facility Management
By Facility Management Type
In-house Facility Management
Outsourced Facility Management
Single Facility Management
Bundled Facility Management
Integrated Facility Management
By End-User Industry
Commercial and Retail
Institutional
Government, Infrastructure & Public Entities
Manufacturing and Industrial
Others
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Italy Facility Management Market Size Summary

The facility management market in Italy is poised for steady growth, driven by the integration of advanced technologies and the increasing demand for efficient management of commercial spaces. The sector encompasses a wide range of services, including real estate management, project management, and environmental sustainability, all aimed at optimizing the functionality and safety of facilities. The rise of smart buildings, which utilize IoT and automation to enhance operational efficiency, is a significant trend influencing the market. This technological advancement allows facility managers to monitor and control various aspects of a building remotely, providing real-time insights and improving decision-making processes. The diverse commercial real estate landscape in Italy, with its retail, office, industrial, and hospitality sectors, further supports the expansion of facility management services, as businesses seek to maintain competitive and appealing environments.

The Italian facility management market is characterized by a fragmented landscape with both major and regional players competing for market share. Companies like CBRE, Savills, and Cushman & Wakefield are prominent in the commercial real estate sector, while local players such as Elmet Srl and Rekeep SpA offer competitive pricing and services. The market's growth is also fueled by the increasing construction activities in the residential and logistics sectors, which demand robust facility management solutions. The COVID-19 pandemic has reshaped the market, emphasizing the need for enhanced hygiene and safety measures, thereby accelerating the adoption of digital solutions. As the market evolves, facility management vendors are focusing on integrated solutions and strategic partnerships to enhance their service offerings and meet the growing demands of the Italian market.

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Italy Facility Management Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Size and Estimates for the Period of 2021-2028

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Offering Type

      1. 2.1.1 Hard Facility Management

      2. 2.1.2 Soft Facility Management

    2. 2.2 By Facility Management Type

      1. 2.2.1 In-house Facility Management

      2. 2.2.2 Outsourced Facility Management

        1. 2.2.2.1 Single Facility Management

        2. 2.2.2.2 Bundled Facility Management

        3. 2.2.2.3 Integrated Facility Management

    3. 2.3 By End-User Industry

      1. 2.3.1 Commercial and Retail

      2. 2.3.2 Institutional

      3. 2.3.3 Government, Infrastructure & Public Entities

      4. 2.3.4 Manufacturing and Industrial

      5. 2.3.5 Others

Italy Facility Management Market Size FAQs

The Italy Facility Management Market size is expected to reach USD 40.87 billion in 2024 and grow at a CAGR of 2.14% to reach USD 46.66 billion by 2029.

In 2024, the Italy Facility Management Market size is expected to reach USD 40.87 billion.

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