Global Building Maintenance Services
Market Report
2024
The Global Building Maintenance Services market size was USD 352.9 billion in 2022 and is expected to expand at a compound annual expansion rate (CAGR) of 8.50% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Building Maintenance Services market size was USD 352.9 billion in 2022 and is expected to expand at a compound annual expansion rate (CAGR) of 8.50% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Building Maintenance Services Market Sales Revenue 2022 | $ 352.9 Billion |
Global Building Maintenance Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.5% |
Market Split by Type |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Building Maintenance Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Building Maintenance Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Building maintenance services have been driven due to the growing trend of predictive maintenance, another important development in building maintenance services that can be used to track assets and predict maintenance needs, which can revolutionize this service sector. In addition, due to boom in the real estate sector and government regulations for the safety of tenants enhance the expansion of the building maintenance service market.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the building maintenance services industry.
For instance, in October 2019, CBRE Group, Inc. declared its appointment as the exclusive provider of international real estate services for Novartis International AG, one of the globe's leading pharmaceutical firms.
The market is characterized by the existence of a few established players and new entrants in the market. Many big players are growing their focus on the rising trends of the market. Players are diversifying their service delivery to maintain industry share. Key players are undertaking prominent initiatives to attract more considerable consumer bases and are developing their service portfolio into commercial settings to stay competitive in the global building maintenance services market.
In July 2023, the Delegation of the European Union to India is launching a call for tender using a negotiated procedure for Housekeeping and Manpower for building maintenance services. The company will be responsible for Housekeeping and Manpower for building maintenance services at the New Delhi office. The launch of the procurement procedure will be in August 2023.
(Source:www.eeas.europa.eu/delegations/india/housekeeping-and-manpower-building-maintenance-services_en
Furthermore, in November 2021, Orion Group partnered with ColoradoScapes to deliver full-service landscaping maintenance for multi-family residential properties, office parks, homeowners' associations, and retail centers.
Upsurge in Infrastructural Investments to Propel Market Growth
The building maintenance services market has revolutionized because of an upsurge in infrastructural investments. Government bodies across nations heavily invest in the building and infrastructural sector. Infrastructural growth heavily relies on three components, new building construction, renovation of existing buildings, and civil engineering. The market propensity for renovating existing buildings defines most services related to this industry, arrangements, and market growth. Governments across emerging countries are contracting with numerous private contractors, including service providers and numerous international players, to maintain the infrastructure clean and green, including smart building construction. Moreover, the growth of smart buildings is accelerated by increasing real estate investment.
United Nations data sets announced in May 2018 that 55% of the globe's population lives in urban areas, a ratio that is projected to expand to 68% by 2050. Projections show that urbanization, the gradual modification in residence of the population from rural to urban areas, integrated with the overall growth of the globe's population, could add another 2.5 billion individuals to urban areas by 2050, with near to 90% of this expansion is taking place in Asia and Africa
(Source:www.un.org/development/desa/en/news/population/2018-revision-of-world-urbanization-prospects.html)
Due to the development of these smart buildings. There has been an increase in the need for these management services due to numerous buildings requiring cleaning and maintenance services in developed & growing economies.
Several large building maintenance service providers with a heavy initial investment in maintenance services hardly face challenges regarding the limited utilization of technology due to the long contracts. Additionally, the rapid expansion in the infrastructure sector demands more workforce, impacting the domestic market across the country. Furthermore, businesses are required to be fully aware of the advantages of facilities management. The issue stems from a requirement for more knowledge and adoption of the mandated technology.
The COVID-19 pandemic hampered the real estate and building construction market all over the globe. The building maintenance service sector recorded a significant downfall in demand for the service throughout the lockdown period due to restrictions over industries and work from home trend during the global health crisis. However, the market is projected to witness a hike in demand for the service as the restriction has been removed and commercialization is growing in every industry, which is anticipated to expand the market over the forecast period
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The market for building maintenance services has a very active and diverse competitive environment. It comprises service providers, from major multinational corporations to smaller specialized organizations. Many big players are growing their focus on the rising trends of the market. Players are diversifying their service delivery to maintain industry share to deliver cutting-edge solutions for building maintenance services.
October 2019- The ServiceMaster Company, LLC acquired the commercial pest control firm Gregory Pest Solutions and McCloud Services.
(Source:www.mypmp.net/2019/10/29/servicemaster-acquires-gregory-pest-solutions/)
July 2021: Alpha Mead Group, a real estate solutions company, has launched a new technology mobile application called Call2Fix, developed to address the challenges around building maintenance and repair services.
Top Companies Market Share in Building Maintenance Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2022. It accounted for a share of more than 35% of the global revenue due to the presence of a large number of contractual cleaning services providers, such as Maid Brigade, Anago Cleaning Systems, Inc., and others, in the U.S. and Canada. Companies focus on expanding their cleaning services offerings in Canada and Mexico to increase their business revenues from the North American region. Furthermore, as offices, stores, and other commercial enterprises are increasing, the cost of in-house cleaning services places a rising burden on operating overheads. For instance, in 2019, Wiregrass Cleaning Services expanded its commercial cleaning services by launching customized packages for North American office spaces, retail spaces, and salons.
According to Cognitive Market Research, in the US, most commercial facilities have contractual service agreements with service providers to deliver their employees a clean and sanitized working environment. Furthermore, governmental assistance in building housing infrastructural facilities will likely increase the cleaning services demand among these facilities in the region.
For instance, in January 2022, the United States Department of Agriculture (USDA) invested USD 1 billion to strengthen the rural community infrastructure in the U.S.
The region's growth is due to the growing number of under-construction units, which need regular clean-up for proper site management, and an increase in the adoption of cleaning services, such as window, floor, and upholstery cleaning, among others. Moreover, a rising preference for outsourcing cleaning services over the performance of in-house services, even in unstable global economic conditions, is further enhancing the market for building maintenance services. New technologies and interoperability among numerous cleaning equipment and more key players in the market have resulted in higher market growth.
The current report Scope analyzes Building Maintenance Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Building Maintenance Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Building Maintenance Services Industry growth. Building Maintenance Services market has been segmented with the help of its Type, End User , and others. Building Maintenance Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Landscaping is the building maintenance services market's most popular offering. The growing trend of more individuals examining sustainable landscaping and gardening procedures. This includes utilizing native plants, decreasing water usage, and using organic & natural fertilizers and pest control methods. The rising popularity of organic gardening and easy accessibility to cutting-edge landscaping products resulted from the rapid industrialization of the market.
According to Cognitive Market Research, pest control is the second-most popular product. Climate change is a major catalyst for the global demand for pest control services. Companies are developing unique technological solutions to improve service efficiency. Areas include route optimization, online sales, the use of smartphone apps to identify pests, mobile communication technologies to bring real-time technical help to the field, and smarter extranets to deliver greater management information for consumers, driving the market growth over the forecast period.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Building Maintenance Services Industry. Request a Free Sample PDF!
According to Cognitive Market Research, commercial building drives market growth, which primarily includes office buildings, and invests significantly in maintaining premises clean and sanitized. Furthermore, the resurrection of the construction and real estate sector after a brief break due to COVID-19 and the resulting expansion in the number of commercial buildings is the prominent factor for the high share of this category. Other commercial establishments such as educational institutions, hotels & restaurants, healthcare/medical facilities, and retail outlets mostly choose to outsource the essential cleansing operations, thereby allowing employees and the management to focus primarily on major business operations.
The residential building is the second-most used product. While commercial building rules the market, residential building is still necessary as building maintenance services providers are selected at such industrial manufacturing facilities for performing construction cleaning tasks and the increasing demand for landscaping services in apartments, residential settings, and houses with large garden areas.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Senior Analyst at Cognitive Market Research
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.
I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.
Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Building Maintenance Services Market is witnessing significant growth in the near future.
In 2023, the Landscaping segment accounted for noticeable share of global Building Maintenance Services Market and is projected to experience significant growth in the near future.
The Residential Building segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Sodexo , CBRE and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
1.Bringing Together Real-World Sensors and VR to Improve Building Maintenance
https://www.epa.gov/regulatory-information-sector/construction-sector-naics-23
https://www.usace.army.mil/Missions/Civil-Works/Engineering-and-Construction/
https://www.abs.gov.au/statistics/industry/building-and-construction
https://business.gov.au/planning/industry-information/construction-industry
https://www.usitc.gov/research_and_analysis/tradeshifts/2021/footwear
Disclaimer:
Type | Landscaping, Interior Building Cleaning, Pest Control, Exterior Building Cleaning and Power Washing, Street and Parking Lot Cleaning and Maintenance, Swimming Pool Cleaning, Others |
End User | Residential Building, Commercial Building, Public Building, Other |
List of Competitors | Sodexo, Compass Group, CBRE, ISS, Cushman & Wakefield, BMS Building Maintenance Service, Associated Building Maintenance Co, General Building Maintenance, 24/7 Building Maintenance Inc, Millennium Building Services, Pacific Maintenance Company, Able Services, National Facilities Services, Bay Area Green Building Maintenance Services, Environment Control, EMCOR Group, Tru Serve Building Maintenance, Sulekha, Ramco Building Maintenance, CBM Commercial Building Maintenance Corp, Spectrum Building Maintenance Company |
This chapter will help you gain GLOBAL Market Analysis of Building Maintenance Services. Further deep in this chapter, you will be able to review Global Building Maintenance Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Building Maintenance Services market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Landscaping have a significant impact on Building Maintenance Services market? |
What are the key factors affecting the Landscaping and Interior Building Cleaning of Building Maintenance Services Market? |
What is the CAGR/Growth Rate of Residential Building during the forecast period? |
By type, which segment accounted for largest share of the global Building Maintenance Services Market? |
Which region is expected to dominate the global Building Maintenance Services Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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