Market Size of Romania Facility Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.56 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Romania Facility Management Market Analysis
The Romania Facility Management Market is expected to grow at a CAGR of 2.56 % from 2022 to 2027. Evolution of the real estate sector in this part of Europe, where maintenance, administration, and operation of buildings correspond to the current and specific meaning of the facility management industry in Romania.
- An increase in logistics companies and ventures reflects the need for more offices and rising commercialization in the region. For instance, Global Vision recently announced the launch of a new logistics project - Bucharest airport Park a boutique logistics development that will support trade and air cargo activities at Henri Coanda International Airport. Also, the real estate company continued all its development projects during the crisis, despite the challenges. Amid rising commercialization, FM services will also demand maintaining the offices and premises for smooth and uninterrupted business operation in the region.
- As per the 2021 FDI report by the national bank of Romania, The FDI stock relative to GDP stood at 41.6 percent in 2020, up by 2.1 percentage points from the previous year. By economic activity, 39.3 percent of FDI stock was channeled to industry, primarily to the manufacturing sector with 29.2 percent of total FDI stock. This increasing trend in FDI Stock towards the manufacturing sector reflects the rise of services like logistics, supply chain, FM services like cleaning, and maintenance for the manufacturing projects.
- Romania is not the most cost-effective outsourcing destination. However, it has several peculiar advantages that set it apart. Based on the ideal geographical instance, a higher level of technical proficiency and outshining soft skills, plus mastery of English and German, French and Italian, and the list goes on. Several review boards list the Romanian IT market among the best software development and design outsourcing markets. And the country has the most significant number of certified IT specialists in Europe. Rising trends towards outsourcing also require increasing the number of offices and premises for outsourcing organizations for physical office locations like data centers, call centers, and FM services for all the business operations.
- The invasion of Russia on Ukraine on February 24, 2022, impacted Romania's overall business and the political situation, eventually hampering the Facility management market in the country. Romania being the top cybersecurity provider to Ukraine, many companies involved in the IT industry in Romania is now forced to make specific changes in their business operation to mitigate risk from the unstable geopolitical situation.
- The outbreak of COVID-19 has had a mixed impact on facilities management businesses. The restrictions on population resulted in a decline in project work and a reduced level of activity across customer sites. Significant players in the market, such as BMF, CBRE Group, and others, were adversely affected due to the pandemic lockdown.
