Ireland Facility Management Market Size

Statistics for the 2023 & 2024 Ireland Facility Management market size, created by Mordor Intelligence™ Industry Reports. Ireland 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 Ireland Facility Management Industry

Ireland Facility Management Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.05 %
Market Concentration Low

Major Players

Ireland Facility Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Ireland Facility Management Market Analysis

The Ireland Facility Management Market size is estimated at USD 2.96 billion in the current year. It is expected to reach USD 3.28 billion in five years, registering a CAGR of 2.05% during the forecast period.

Growth is mainly attributable to the country's rapidly developing infrastructure and increasing public awareness. To significantly increase demand for FM services in the country, the growth of the construction sector in the country after the recession and the development of manufacturing sites are analyzed.

  • The facility management sector is interconnected with large contractors around the globe that have contracts in place, and smaller local players are focusing on individual contract solutions and joint services. However, because of the dynamics on the ground, there are growing opportunities to use facility management and company real estate in new ways. Expansion plans provide a unique chance as market vendors resort to providing tailored home, office, and retail maintenance services.
  • In addition, foreign investors are attracted to open trade policies that stimulate the construction sector. The construction sector is the backbone of the economy and is projected to grow rapidly over the forecast period. The construction industry strongly contributes to the country's economic growth and development, creating a strong demand for FM services.
  • Ireland has a large manufacturing base, with many jobs in the main sectors of pharmaceuticals and chemicals, food and beverages, health products, computers and electronic equipment, and engineering. To maintain a competitive manufacturing base, raise domestic productivity, and support the sustainable employment of quality workers while promoting export-driven growth, Industry 4.0 is necessary to be implemented in full. This Industry 4.0 Plan is a core deliverable of Future Jobs Ireland, the government's new economic strategy to ensure Ireland is well-positioned to flourish in a world economy that is changing quickly.
  • Although the outsourced FM has a lot of income potential, more and more services are commoditized in this country. The FM service has become a commodity requiring innovative suppliers to maintain margins and growth. Furthermore, contracts are planned to last less time because the end user sector is characterized by high price sensitivity.
  • The Irish market for Facility Management had a double effect as regards the impact of COVID-19. The need to provide cleaning services as part of a hygienic protocol for healthcare facilities was identified in the COVID-19 pandemic and resulted in increased demand for soft service management. A new opportunity for growth has emerged due to the dynamics on the demand side, with numerous companies revising their policies and further developing service offering that includes hygiene maintenance and COVID-19 safety provisions.

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