Africa Facility Management Market Size

Africa Facility Management Market Analysis

The Africa Facility Management Market size is estimated at USD 27.21 billion in 2024, and is expected to reach USD 36.52 billion by 2029, growing at a CAGR of 6.06% during the forecast period (2024-2029).

Travel booking, waste removal, security, plumbing and draining, air conditioning maintenance, luggage services, decoration, and refurbishment are also included in the management of facilities. The growth of infrastructure activity is the most important factor that has led to a high market share for facilities management. The demand for the abovementioned sectors continues to grow, resulting in overall market growth as a result of the construction of new infrastructure.

• The service providers of facility management systems are the engineers, maintenance, and installers of a wide range of devices, such as high voltage equipment or Low Voltage Equipment. A broad range of skills, e.g., readiness for disaster, project management, leadership, and strategic orientations, are part of Facility Management. For the improvement of resource and organizational asset management, Africa Facility Management solutions are applied.
• The major drivers for the growth of this market have been the growing demand for facility management services by third parties, infrastructure investments, and private sector expenditure. The growth of Africa's population, economic dynamism, and rapid urbanization are also predicted to create opportunities for businesses if investment is undertaken in upgrading infrastructure and regional connectivity under the Agenda 2063 of the African Union.
• A number of players in the continent have expanded their geographic scope, even though FDI has been slow to grow. Some of the important examples are South African firms that have entered Namibia, such as Standard Bank, and strategic investments and partnerships by Ethiopian Airlines to revive struggling African airlines throughout Africa.
• However, market expansion is expected to be hampered by difficulties with operating costs and a lack of infrastructure in the region. In South Africa, an insufficient interest in investment is holding back economic activity. As a result of the slow economic development in this area, local players are more important than ever before, and consequently, its penetration rate is low. In comparison to integrated facilities management, these operators offer a single and multi-bundled service. Long-term business opportunities in the region are anticipated to arise from government initiatives and international support actions for infrastructure development, improving growth prospects for facility management in the region.
• COVID-19 is expected to have an impact on the facilities management market in African countries. Due to China's role as Africa's leading trading partner, the adverse effects of COVID-19 are also felt in Africa. As China has closed its ports and manufacturing facilities, there is a drop in demand for African goods. Chinese importers have canceled their purchases or offered lower prices because of port constraints. It is expected that, together with an increased focus on hygiene and higher cost, market growth for facility management would be limited within the shorter to medium term. In order to meet the growing demand for facility management, there has been increased awareness on a number of matters such as cleanliness, maintenance procedures, and ventilation following COVID.