Market Size of Malta Facility Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.15 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Malta Facility Management Market Analysis
The Malta Facility Management Market is expected to grow at a CAGR of 4.15 % from 2022 to 2027. Small local businesses focus on single contracts and single-service solutions, whereas the country's facilities management market operates with integrated contracts from major suppliers across Malta. Given the current state of affairs across the country, there are more options than ever to combine facility management and corporate real estate in new and different ways.
- Facility management (FM) encompasses management methods and techniques for building management, infrastructure management, and overall harmonization of the work environment within an organization. For an enterprise, this system standardizes services and streamlines operations in Malta.
- The malta facility management services industry is expanding and becoming more industrialized and urbanized. Increased urbanization leads to increased commercialization, which leads to the increased need for more productivity and the necessity of maintenance in various corporate offices, resulting in market growth.
- Furthermore, the increased demand for residential and non-residential buildings increases the demand for increased construction investment, including various mega projects. These projects necessitate large investments, which require maintenance services for construction structures to last longer. As a result, the market for facilities management services is growing. Furthermore, due to the huge expenditure necessary to purchase these assets, various companies are becoming more aware of the need to drive the assets and properties. As a result, the market's growth is boosted.
- Furthermore, the building, industrial, lodging, and tourist industries were severely impacted by the COVID-19 epidemic. Manufacturing operations have been interrupted or limited. On a global scale, construction and transportation activities and their supply networks were disrupted. This resulted in a decrease in the manufacture of facility management services and their demand in the market, limiting the industry's growth. On the other hand, enterprises are progressively restarting normal manufacturing and service operations. This resulted in businesses resuming operations at full capacity, allowing the facility management services industry to recover by the middle of 2021.
- During the COVID-19 epidemic, the facilities management services business was affected by limitations on closing commercial and institutional venues. Furthermore, limits on social gatherings and public events hindered the business.
