Market Size of Denmark Facility Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 1.40 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Denmark Facility Management Market Analysis
The Denmark facility management market is expected to grow at a CAGR of over 1.4% during the forecast period. The government-led construction boom and the surging emphasis on green building practices are increasing Denmark's demand for facility management.
- Facility management (FM) consists of multiple disciplines to influence the efficiency and productivity of organizations. The new management system standard constitutes a benchmark for developing and driving effective strategic, tactical, and operational FM principles across Denmark.
- Facility Management Services across Denmark tend to be mature. With infrastructure development projects rising across the country for economic growth, allied FM services are also required. Hence, a Facility Management Standard that sets apart the industry by adapting global best practices and policies offers a win-win situation for FM organizations and customers in this country.
- Services in the FM industry have been commoditized to a great extent. Also, end users are very price sensitive, and contracts are thus aimed at shorter terms. A real estate over-supply has been creating pressure on rent yields, thus leading the customers to cut costs on FM services.
- As the construction industry gathers the benefits of digital transformation, a long-term approach to innovation has defined sectoral growth over the forecast period. Building infrastructure management and allied technological tools have been gaining momentum across construction, with multiple projects lined up for completion in the country.
- The Denmark government has been attempting to tighten many regulations on commercial activities in recent years. These laws are in place to protect both service providers and clients. The government has been tightening rules to close corporate restriction loopholes.
- The outbreak of COVID-19 had a mixed business impact on facilities management firms, as the restrictions on the movement of people resulted in a decline in project work and a reduced level of activity across many customer sites. Major players in the market, such as Mitie, CBRE Group, and others, were adversely affected due to the lockdown. After the pandemic, the market is growing rapidly with increasing emphasis on green building practices.
