North America facility management market is one of the growing markets across the region. Rise in infrastructure & economic development in the region are projected to fuel the market for facility management in the respective region over the forecast period.
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Rising concern in the evaluation of business investments & utilization of resources through optimistic approach is expected to contribute significantly in the overall growth of facility services management market in North America in the forecast period 2016-2023.
The global facility management market is expected to reach USD 558 Billion in the 2021 expanding at a CAGR of 3.1% during the forecast period 2016-2021. Globally, North America grabbed the largest share in facility management market in 2015; rising infrastructural facilities coupled with better economic growth fuelled the facility management market in the region.
Last year, the U.S. contributed the largest share in the revenue generated in the North America region and projected to maintain its dominance in near future.
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However, the U.S is projected to be a mature facility services management market in future due to presence of many organized and un-organized players in the region. On the other hand, Canada is expected to be a smaller market when compared to U.S., however, the growth rate is believed to be higher in Canada than its counterpart.
Some of the key players identified across the value chain of North America facility services management market include:
Johnson Controls Inc.
Turner facilities Management Ltd.
ABM Industries Incorporated
Supply & Demand Risk
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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