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

Italy Facility Management Market Analysis

The Italian facility management market was valued at USD 40.87 billion in the previous year. It is expected to grow at a CAGR of 2.14%, reaching USD 46.66 billion by the next five years. The International Facility Management Association (IFMA) defines facility management as combining a physical workplace with an organization's workforce and work, which includes activities like equipment upkeep, space planning, and portfolio forecasting. These services include leadership and strategy, real estate and property management, project management, quality, human aspects, emergency planning and business continuity, environmental sustainability, and others.

• There are various trends that may propel facility management in Italy; for example, the Internet of Things (IoT) refers to physical equipment and sensors that use the Internet to connect with FM teams. They generate performance data that alerts facility managers to potential problems. FMs can monitor and control equipment from any location. FM teams use IoT to deliver real-time insights into their operations. IoT paired with FM software, such as a computerized maintenance management system (CMMS), identifies problems (e.g., uncomfortable office temperatures), automatically prepares and assigns work orders without human intervention, and tracks their execution.
• Facility management in smart buildings utilizes data, automation, and new technologies to enable buildings to be run more efficiently and cost-effectively. An intelligent building uses sensors and automation to control all facilities, from lights to space occupancy and energy consumption. With smart technology, it becomes possible to draw out robust data to give the facilities manager the insights needed to make better business decisions.
• Italy has a diverse commercial real estate market, including retail, office, industrial, and hospitality properties. According to recent reports, the Italian market has seen steady growth in recent years, particularly in the office and industrial sectors. Prices for commercial real estate in Italy can vary depending on location and property type, with prime locations typically commanding higher prices. Major Italian commercial real estate industry players include CBRE, Savills, and Cushman & Wakefield.
• The Italian facility management services market is fragmented as significant local players enter the commercial sector. For instance, the market is dominated by local players such as Elmet Srl, Rekeep SpA, NAZCA, etc. The local players are offering competitive pricing in the market, which reduces the suppliers' bargaining power and thus gives the buyers an option to quickly switch their facility management vendors with minimal switching costs. Local players with fewer international relationships are leading to lesser adoption of technically advanced FM services, such as robotics used for cleaning practices which will be a major threat with a long-term effect.
• The COVID-19 pandemic has had a significant economic impact on facility management companies. People's mobility restrictions resulted in declining project work and decreased activity at several customer sites. The pandemic lockdown impacted major industry businesses, including Sodexo Facilities Management Services, CBRE Group, and others.
• In the post-COVID-19 future, there is an increased demand for transformation, creative solutions, and unique planning strategies. Since the emphasis shifted toward higher hygiene-related rules, better workplace safety and cleanliness, and developing a digitized work environment, sourcing and procurement are essential in the post-COVID-19 transformation, recovery, and restart of the facilities management industry.

Italy Facility Management Market Trends

In-house Facility Management Segment is Expected to Hold Significant Market Share

Italy Facility Management Industry Segmentation

The study tracks the facility management (FM) industry-related trends in Italy by analyzing the industry turnover accrued through end-user contracts by the service providers. The study tracks the revenues accrued from services offered for building operation and maintenance (mechanical and electrical services, heating and ventilation, plumbing, building services control and management systems, building fabric portable application testing, fire protection systems, fire alarm and detection systems), environmental management (energy management services, waste management, recycling services), IT and telecommunication (establishment and maintenance of IT systems, the introduction of software packages), support services (cleaning, catering, vending, courier services, laundry services, post room staffing and management, reception staffing, security) and property management (space planning and design, asset management, property acquisitions and disposals, relocation management).

The scope of the study has been segmented for Italy by Facility Management Type (In-house Facility Management, Outsourced Facility Management (Single Facility Management, Bundled Facility Management, Integrated Facility Management)), by Offering Type (Hard Facility Management, Soft Facility Management), by End-User Industry (Commercial and Retail, Institutional, Government, Infrastructure & Public Entities, Manufacturing and Industrial). The market sizes and forecasts are provided in terms of value in USD billion for all the above segments. The market sizes and forecasts are provided in terms of value in USD billion for all the above segments. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study tracks the revenue accrued from the different FM players operating across the country. The study further analyzes the overall impact of COVID-19 on the ecosystem.