Brazil Facility Management Market Size

Statistics for the 2023 & 2024 Brazil Facility Management market size, created by Mordor Intelligence™ Industry Reports. Brazil Facility Management size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Brazil Facility Management Industry

Brazil Facility Management Market
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 4.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Brazil Facility Management Market Analysis

The Brazil facility management market is expected to grow at a CAGR of above 4% during the forecast period, 2022-2027. Facility management ensures the functionality of the built environment by integrating people, place, process, and technology to support an organization's core activities, including property, cleaning, security, catering and support, and others.

  • The growth of the facility management market is attributed to the increasing demand for hard and soft facility services, primarily in the southeast and northeast regions of the country. Property and cleaning services are gaining demand from large-scale development of real estate projects and growing infrastructure developments across the country.
  • The increasing number of commercial establishments, growing focus on environmental sustainability, and increasing adoption of technology integration are expected to drive market growth. Also, the rising influence of foreign players on integrated facility management services and rising outsourced facility management services are further expected to drive the demand for FM in Brazil.
  • However, a lack of a skilled workforce and safety concerns restrain the market growth. In addition, they are increasing security breaches and growing cybercrime threats, hindering the market's growth.
  • The Covid-19 had more impact on the country's southeast region, which contributes maximum to the country's GDP and hence to the facility management market owing to the presence of larger cities with several industries, airports, hospitals, and commercial businesses.

Brazil Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)