Serbia Facility Management Market Size (2024 - 2029)

Serbia Facility Management Market Analysis

The Serbian facility management market is expected to register a CAGR of 1.5% over the forecast period (2022 - 2027). The real estate sector is providing a boost to the facility management market growth in administering the services like security, space planning, and workplace strategy. The advent of robots for performing repetitive tasks like cleaning, security patrol, or HVAC duct cleaning can drive the growth of the facility management market.

• According to Serbia - Country Commercial Guide published in January 2022, Serbia's Government is allocating billion dollars for infrastructure improvements over the next decade. With the increased investments in the infrastructures, the need for facility management services would rise, which would drive the market growth in the country.
• With the integration of services such as (property services and security services), the facility management market is expected to grow at a significant pace. The highly developed advisory services, whose prime focus is on business productivity, with the Merger and Acquisition (M&A) activity will continue rapidly.
• With more investments and one among them is Small Enterprise Assistance Funds (SEAF) by investing in AVB Team, which is one of the leading facility management service providers in Serbia, coming from foreign investors, the facility management market in Serbia is taking shape of a preventive approach rather than the curative approach.
• With the COVID-19 impact, the construction industry came to a halt as frontline workers were not allowed to work during the lockdown, which led to a drop in demand for Facility Management. Also, during the pandemic, many workplaces were closed, reducing the requirement for all but necessary maintenance. However, post-pandemic, the construction industry in the country resumed its services quickly. The need for touchless and digital solutions rose, like sensors helping boost the facility management services.

Serbia Facility Management Industry Segmentation

Facilities management helps clinch the comfort, efficiency, safety, functionality, and sustainability of buildings and grounds, real estate, and infrastructure. There are two basic areas in facility management, i.e., In-house Facility Management and Outsourced Facility Management.

Serbia Facility Management Market is segmented by Type (In-house Facility Management, Outsourced Facility Management), By Offering Type (Hard FM, Soft FM), and by End-Users Vertical (Commercial, Institutional, Public/Infrastructure, Industrial).