Canada Facility Management Market Insights Forecasts to 2033

• The Market Size is Growing at a CAGR of 8.55% from 2023 to 2033
• The Canada Facility Management Market Size is Expected to hold a significant share by 2033

The Canada Facility Management Market Size is anticipated to hold a significant share by 2033, Growing at a CAGR of 8.55% from 2023 to 2033. The increasing trend towards commoditization of FM and renewed emphasis on workplace optimization & co-living spaces are driving the Growth of the facility management market in Canada.     

Market Overview

Facility management (FM) refers to the maintenance of real estate, buildings, and related equipment, thereby ensuring their functionality, comfort, safety, and efficiency. As defined by the International Organization for Standardization and IFMA, FM is an organizational function that integrates people, places, and process within the built environment with the purpose of improving the quality of life of people and the productivity of the core business. To increase efficiency and reduce operating expenses, leading businesses are incorporating technology like the Internet of Things (IoT) into their facilities management systems. Furthermore, facility management service outsourcing is expanding significantly as companies have started requiring outsourcing facilities in order to get expert service at a reasonable cost. The incorporation of BIM (building information modeling) for providing effective facility management is offering lucrative market opportunities for facility management.

Report Coverage

This research report categorizes the market for the Canada facility management market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Canada facility management market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Canada facility management market.

Driving Factors

The increasing trend of commoditization of facility management with the aim to enhance business productivity, and operational efficiency is driving the facility management market growth. Further, the increasing emphasis on workplace optimization and co-living spaces by the companies drives the demand for facility management, thereby propelling market growth.

Restraining Factors

The lack of standardized processes and inconsistent service quality is challenging the Canada facility management market. Further, the lack of skilled workers for handling facility management solutions, especially in SMEs is contributing to restraining the market growth.

Market Segmentation

The Canada Facility Management Market share is classified into offerings, service type, and industry vertical.

• The in-house segment dominated the market with the largest market share during the forecast period.

The Canada facility management market is segmented by offerings into in-house and outsourced. Among these, the in-house segment dominates the market with the largest market share during the forecast period. In-house facility management provides greater control and customization in management. The direct control over all aspects of facility operations, communication with staff and facility manager, and flexibility and adaptability to changing needs offered by in-house facility management are driving the market demand in the in-house segment.

• The hard services segment accounted for the largest market share during the forecast period.

The Canada facility management market is segmented by service type into hard services and soft services. Among these, the hard services segment accounted for the largest market share during the forecast period. Hard services refer to the physical facilities service that is a part of the building, such as HVAC or preventive maintenance. The emphasis on operational efficiency and stringent regulatory compliance requirements along with the expansion of commercial real estate are contributing to driving the market.

• The healthcare segment dominated the Canada facility management market with the largest market share during the forecast period.       

Based on the industry vertical, the Canada facility management market is divided into healthcare, business & corporate, manufacturing, government, education, military & defense, construction (real estate), hospitality, and others. Among these, the healthcare segment dominated the Canada facility management market with the largest market share during the forecast period. Healthcare facility management covers maintenance of equipment, timely closure of non-clinical requests, repairs & maintenance within the facility, and ensuring high levels of cleanliness & hygiene. The high investment in healthcare infrastructure and increasing healthcare expenditure are propelling the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Canada market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.  

List of Key Companies

• CBRE Group
• Ingersoll Rand (Trane)
• ISS Global
• Brookfield Global Integrated Solutions Canada LP
• JLL Limited
• ION Facility Services Inc.
• Black & McDonald
• Avison Young (Canada) Inc.
• GDI Integrated Facility Services
• Cushman and Wakefield
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2022, Dexterra Group Inc. announced the closing of the acquisition of privately owned TRICOM Facility Services group of companies (“TRICOM”). TRICOM delivers contract janitorial and associated building maintenance services and supplies custodial equipment and consumables to clients in major centres across Canada.

Market Segment

This study forecasts revenue at Canada, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Canada Facility Management Market based on the below-mentioned segments:

Canada Facility Management Market, By Offerings

• In-House
• Outsourced

Canada Facility Management Market, By Service Type

• Hard Services
• Soft Services

Canada Facility Management Market, By Industry Vertical

• Healthcare
• Business & Corporate
• Manufacturing
• Government
• Education
• Military & Defense
• Construction (Real Estate)
• Hospitality
• Others