Austria Facility Management Market Size (2024 - 2029)

Austria Facility Management Market Analysis

The Austria Facility Management Market is expected to register a CAGR of 3.72 % over the forecast period 2022 to 2027. Contract globalization and services integration is expected to accelerate growth in the FM market, particularly the commercial building sector, given the increase in penetration of commercial building services through the forecast period.

• Regarding development and sophistication, Austria is one of the most important outsourced markets for facility management services. The Austria facilities management sector is based on integrated contracts from major vendors across country boundaries. At the same time, small local competitors focus on single contracts and single-service solutions. However, given the regional characteristics, there are increasing opportunities to use facility management and corporate real estate differently.
• Furthermore, facility management (FM) encompasses management strategies and procedures for building management, infrastructure management for an organization, and general harmonization of an organization's work environment. For an enterprise, this system standardizes services and streamlines operations.
• However, security concerns related to devise safety and network safety are restraining market growth. Increasing security breaches and cybercrime group threats are causing distrust and affecting the market growth.
• Several service suppliers operating in the region have concentrated on growing their presence over the last decade to capitalize on the increasing demand for facility management, especially with the current trend favoring the outsourcing of non-core functions. Furthermore, given the country's characteristics, Austria has seen a rise in the potential to use facility management and corporate real estate in new directions.
• The market for Austria facility management has shown moderate expansion due to increased demand for employees with higher qualifications. This scenario is expected to boost market development throughout the forecast period. The continuing epidemic has resulted in the region's market growing steadily. However, the epidemic has hampered manufacturing, resulting in a dramatic drop in company inputs.
• The COVID-19 pandemic has had a mixed business impact on facilities management organizations. The limits on people's movement resulted in a drop in project work and a lower activity level at numerous client sites. The pandemic lockdown had a negative impact on major market participants such as CBRE Group, ISS Global and others.

Austria Facility Management Industry Segmentation

Facility management (FM) is a profession that incorporates many disciplines to ensure functionality, safety, comfort, and efficiency of the built environment by integrating people, process, place, and technology. FMs contribute to the business's bottom line through its responsibility for maintaining what is often an organization's most significant and most valuable assets, such as property, equipment, buildings, and other environments that house personnel, productivity, inventory, and other elements of the operation.

Facility management services involve the management of building upkeep, utilities, maintenance operations, waste services, security, etc. These services are further divided into hard facility management services and soft facility management services spheres.

Both in-house facility management and outsourced FM services are considered in the scope. The market for integrated facility management service (IFM), along with single and bundled services, is included in the outsourced FM services segment.

The Austria Facility Management Market is segmented by Type of Facility Management (In-house Facility Management and Outsourced Facility Management (Single FM, Bundled FM, Integrated FM)), by Offerings (Hard FM, Soft FM), by End-user (Commercial, Institutional, Public/Infrastructure, Industrial).