Increasing construction costs due to soaring materials price and labor wages have negatively impacted the private investment and declined construction activities in the US

The rising integration of advanced technologies such as cognitive computing, augmented reality, IoT and analytics, robots, etc., is anticipated to strongly contribute towards the growth of US facility management market in the forthcoming period. The growth of US facility management market is attributed to the increasing demand from enterprises as the facility management solutions helps them to enhance their revenue margin by improving their overall operational efficiencies. Moreover, the surging construction of new building in the residential and commercial sector is expected to provide more opportunities to the facility management service providers in the years to come.

The commercial sector grasped a considerable market share in the US facility management market in 2019 on account of establishment of new offices in the country. Moreover, in order to focus on the key business activities, the inclination towards outsourcing the services by the organizations is increasing in the country. Therefore, the outsourced facility management segment captured a significant market share in the US facility management market in 2019.

Furthermore, the soft services are anticipated to grab a substantial market share in the US facility management market during 2020-25 due to the rising demand for cleaning services from hospitals, hotels, retail, and educational institutes.

The key players with a considerable market share in the US facility management market include Compass Group PLC, Sodexo Inc., EMCOR Group, CBRE Group, Cushman & Wakefield, G4S PLC, Ecolab Inc., etc.