Europe Hard Facility Management Market Size

Europe Hard Facility Management Market Analysis

The Europe Hard Facility Management (HFM) Market is expected to register a CAGR of 2.5% over the next five years. Because of Europe's expanding population and rising urbanization, the region's HFM market is expected to witness constant growth.

• Contracting hard facility services is becoming more and more widespread in Europe. Organizations are re-evaluating their business strategies to boost value creation. Before contracting out facility management to outside parties, they do consider the best mix of insourcing and outsourcing based on capability, cost, and coverage. The market for HFM services has grown significantly in Europe owing to outsourcing. The trend is being driven by increased demand for top-notch working environments and decreased operating costs.
• Europe has one of the highest HVAC service market shares in the world. The market's growth is mostly attributed to the rising use of ecological building techniques. Growing public knowledge of the energy efficiency of HVAC equipment and aftermarket services is driving economies to embrace sustainable building practices.
• In Europe, notably in the United Kingdom, Germany, and France, government rules and regulations about energy efficiency and the use of environmentally friendly refrigerants are anticipated to enhance the demand for HVAC equipment. The German government strongly encourages the rapid advancement and use of efficient, renewable heating and cooling systems through new legislation and rewarding incentives.
• According to research by the real estate firm CBRE, 87% of major corporations continue to use a hybrid work approach in which people work remotely at least occasionally. When health and hygiene is the most important point of concern, facilities managers require serious consideration to properly design the construction of the office so that people can maintain a safe distance and have a more open and well-partitioned cabin.
• Today, the shortage of engineers and other professionals harms Europe's ability to modernize sustainably and prosper economically. Europe is experiencing a skills gap in engineering certifications, a trend that has existed for some time. Over time, the demand for professional equipment personnel in Europe is rising exponentially.
• In developed countries like the United Kingdom and Germany, with the start of the offices post-COVID-19 pandemic, there is an escalated demand for hardware and infrastructural management services. Proper maintenance of assets and equipment in large enterprises can significantly impact organizational performance and help ensure the equipment's good life cycle.