Market Size of Mexico Facility Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.23 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Facility Management Market Analysis
The Mexico facility management market is expected to grow at a CAGR of 7.23% during the forecast period, 2022-2027. The growing emphasis on outsourcing non-core operations and growth in the real estate sector is expected to drive the Mexico market for facility management services. The government regulation on safety measures and environmental concerns to follow green practices is expected to drive the market.
- Facility management (FM) consists of multiple disciplines to influence the efficiency and productivity of organizations. Conforming with the industry best practices, the new management system standard constitutes a benchmark for developing and driving practical strategic, tactical, and operational FM principles across Mexico.
- With infrastructure development projects rising across Mexico for economic growth, allied FM services are also required. Hence, a Facility Management Standard that sets apart the industry by adopting global best practices and policies offered a win-win situation for FM organizations and customers in the 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 created pressure on rent yields, thus leading the customers to cut costs on FM services.
- The increased spending on the infrastructural aspect can be cited as one of the primary drivers of the growth of the FM market. Moreover, the increasing focus on optimization processes and energy efficiency improvements are the main driving forces for developing the facility management market.
- The outbreak of COVID-19 has had a mixed business impact on facilities management firms, as the restrictions on the movement of people have resulted in a decline in project work and a reduced level of activity across many customer sites. Major players in the market, such as JLL Limited, CBRE Group, and others, were adversely affected due to the pandemic lockdown.
