U.K. Facility Management Market Size

U.K. Facility Management Market Future Prospects

The U.K. facility management market will generate an estimated revenue of USD 2,743.3 million in 2024, and it is projected to grow at a CAGR of 14.1% from 2024 to 2030, reaching USD 6,038.4 million by 2030.

Facility management is an organizational function that combines location, procedures, and individuals within the constructed surroundings, aiming to enhance core business productivity and people's quality of living.

As per the RICS U.K. Facilities Management Survey, more than 38% of the respondents reported an increase in the demand for facility management services in both the public and private sectors in Q1 2024. Similarly, there was a 37% increase in demand for facility management services in the education sector.

Technological advancements, such as IoT and smart buildings, in the market are contributing to the market growth. These developments are helping in real-time monitoring and preventive analytics.

Moreover, the consumer shift toward outsourcing non-core functions is helping the market grow, as this shift is increasing the demand for cost-effective and essential services.