Belgium Facility Management Market Size

Belgium Facility Management Market Analysis

The Belgium Facility Management Market is expected to grow at a CAGR above 3% over the forecast period 2022 to 2027. The country's facility management industry operates with integrated contracts from significant European vendors, and small local players focus on single contracts and single-service solutions. However, given the dynamics occurring across the country, there 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.
• Furthermore, bundled service contracts are expected to benefit from the public spending cuts, as the public sector clients are keen on reducing the number of suppliers and cutting costs. This is also in line with the developments in various public sector bodies that continually simplify their operations. As the need for total facilities management (TFM) continues to grow, the public sector organizations belonging to the region are increasingly outsourcing all 'non-core business activities to one service provider, enabling greater focus on core business.
• For instance, in recent years, Coor Service Management announced that it has started delivering soft FM services to Volvo Cars in Gent, Belgium. The partnership includes responsibility for cleaning, interior fittings (such as carpets and towels), and pest control at the site.
• Further, the infrastructure push from the European government is focused on giving more opportunities to local construction firms in the country, with small-scale businesses expected to be principal recipients of nationwide development projects. This will likely help create influential local facility management participants in the future. With the availability of more vital local partners, the market is expected to bring foreign partners to invest in massive projects in a post-2022 scenario.
• However, the public sector in the country has started looking for longer-term contracts from facility management suppliers. Still, the lack of certainty regarding future labor costs and materials makes it riskier to build propositions. This could significantly restrain the players' bidding process for long-term contracts. Also, 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.