January 28, 2008—Market and Business Development (MBD) has released a Market Review for 2007, which calculates that the UK potential market for facilities management, which includes services carried out in-house, contracted-out service and total facilities management (TFM), increased by 4% to a peak level of £115 billion.
Prior to that, annual growth rates fluctuated between 4% and 6% in the four years to 2006, according to MBD. During the review period as a whole, the market is believed to have increased by a cumulative 18%.
By 2012, the potential UK market for facilities management is projected to reach £129.9 billion (at 2007 prices). This is equivalent to overall real term growth of 13% compared with 2007. Annual rates of increase are anticipated to oscillate between 2% and 3%.
Growth is believed to largely reflect companies’ continuing focus on their core activities and outsourcing much of the other FM functions in order to reduce costs and acquire expertise, that they would otherwise be unable to attain.
The service sectors which are expected to show the strongest growth potential over the next five years include building fabric maintenance, telecommunications FM services (in particular call centers), environment management (due to increased regulation) and property management.
Market & Business Development (MBD) specializes in business to business market research reports. The report is priced at £600 for a single copy. Copies can be ordered online on the company’s Web site.
