UNITED KINGDOM FACILITY MANAGEMENT MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 - 2028)

 During the forecast period, the UK facility management market is anticipated to post a CAGR above 1.73%. The United Kingdom is one of Europe's most developed and sophisticated marketplaces for facility management services in terms of maturity and sophistication. In order to get a foothold in the industry, which has undergone numerous changes as a result of the macroeconomic and social developments in the region, providers are aggressively focused on specialised services.

Over the past ten years, a number of service providers active in the nation have placed a strong emphasis on expanding their reach in order to capitalise on the rising demand for facility management, particularly given the current trend of outsourcing non-core tasks. Given the national dynamics, there are more options than ever before to use corporate real estate and facilities management in creative ways.

For instance, Iron Mountain, a company that offers asset lifecycle management, cutting-edge storage, and information management services, declared ambitions to grow in the UK in April 2022. The business also intends to open new locations in Lutterworth and Kettering in response to rising demand from both current and potential customers for its logistics and storage capabilities.

Task management is primarily delegated to several organisations while working with a single facility management service provider. Having a different service provider for each service the organisation needs, such as cleaning, reception, and vending machines, is another requirement. There are various benefits to hiring specialised service providers.

Customers are able to focus on their core competencies while single-service providers offer acceptable customer support and boost operational effectiveness. Task management professionals will produce much greater efficiency and service quality. Additionally, it will enable staff members of the corporation to concentrate on their key competencies while freeing up resources for non-core operations.

In October 2022, Altrad Babcock, a leader in the provision of aftermarket, engineering, and upgrade services to the whole energy industry, announced a new deal with SPIE UK, the independent European provider of multi-technical services in communications and energy. In Renfrew, Renfrewshire, the deal primarily provides facilities management services for 3 buildings. For three different buildings, including a sizable manufacturing complex, the contract would need SPIE UK to carry out HVAC and mechanical works, reactive services, preventative and planned maintenance, and lifecycle projects.

Major Players: CBRE Group, Inc., Mitie Group PLC, EMCOR Facilities Services Inc.



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