Sweden Facility Management Market Size (2024 - 2029)

Sweden Facility Management Market Analysis

The Swedish facility management market is expected to register a CAGR of 2.5% over the forecast period, 2022 to 2027. Sweden is supposed to be one of the most mature and sophisticated outsourced markets for facility management services.

• Sweden is one of the significant outsourced markets for facility management services in terms of development and sophistication. The country's facility management industry operates with integrated contracts provided by significant vendors across continents and nations, and small local players focus on single contracts and single-service solutions. However, they are increasing opportunities to leverage facility management and corporate real estate in new ways.
• Moreover, facility management (FM) includes management methods and techniques for building management, infrastructure management for an organization, and overall harmonization of the work environment in an organization. This system standardizes services and streamlines processes for an organization.
• The Swedish facility management market has been subjected to moderate growth due to the rise in demand for people with an improved requirements. During the forecast period, this scenario is expected to support the market's growth. As a result of the ongoing pandemic, the market in the region has been steadily growing. However, the pandemic has limited production, resulting in a significant drop in business inputs.
• The outbreak of COVID-19 has had a mixed business impact on facilities management firms. The restrictions on the movement of people resulted in a decline in project work and a decreased level of activity across many customer sites. Significant players in the market, such as Krohne Messtechnik GmbH., Itasca International Inc., Durr Systems Inc., and others, were adversely affected due to the pandemic lockdown.

Sweden Facility Management Industry Segmentation

Facility management (FM) is a profession that incorporates many disciplines to ensure functionality, safety, comfort, and efficiency of the built environment by integrating people, process, place, and technology. FMs contribute to the business's bottom line through their responsibility for maintaining what is often an organization's most significant and most valuable assets, such as property, equipment, buildings, and other environments that house personnel, productivity, inventory, and other elements of the operation. The objective of professional FM as an interdisciplinary business function is to coordinate the demand and supply of facilities and services in both public and private organizations.