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Canada Facility Management Market Size (2024 - 2029)

The Canadian facility management market is poised for growth, driven by factors such as rapid urbanization, increased investment in co-living and office spaces, and the integration of advanced technologies like the Internet of Things. These developments are enhancing operational efficiency and reducing costs, thereby influencing the market size positively. However, demographic changes and travel restrictions have posed challenges by impacting the availability of skilled labor, which could affect the market's expansion.

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Market Size of Canada Facility Management Industry

Canada Facility Management Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 8.83 %
Market Concentration Low

Major Players

Canada Facility Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Facility Management Market Analysis

The Canadian facility management market is expected to register a CAGR of 8.83% during the forecast period of 2022 - 2027.

  • Rapid urbanization and immigration of skilled labor from across the globe increased the investments in co-living and office spaces in the country. According to Canadian Real Estate Association, as of April 2022, the actual national home sales price increased by 11.2% year on year in March 2020 as compared to last year.
  • Furthermore, the booming Internet of Things (IoT) market, integration of facility management in building design, and increasing demand for cyber and information security management are expected to positively influence the Canadian facility management market in the coming years.
  • Leading companies are integrating such technologies with their facility management solutions to improve productivity, thus reducing the cost of operations. For instance, in April 2022, Visionstate Corp. further upgraded its application with IoT, which is quickly gaining traction in the facility management sector under the branded name WANDA. It is a mobile application incorporating QR code functionality that tracks cleaning and maintenance activities and measures those activities against new and more stringent protocols.
  • The Canadian market is expected to face challenges due to demographic changes affecting the number of active skilled workers. Travel restrictions throughout most of 2020 and 2021 delayed the processing of overseas applications, which led to an increase in the size of the processing inventory. As a result of the temporary pause, the federal high-skilled processing inventory has been cut by more than half, decreasing from approximately 111,900 people in September 2021 to just 48,000 people by March 2022.

Canada Facility Management Industry Segmentation

The study tracks the facility management (FM) industry trends in Canada, and the market estimations are arrived at by analyzing the revenues accrued by the service providers. The core objective is to analyze the scope for in-house and outsourced FM.The market estimates and projections are for both the segments and have been arrived at considering the impact of covid on the current estimate as well the future projections.

The key end-user segments considered for the study include commercial buildings, retail, government and public entities, and manufacturing and industrial, among other end-users.The study tracks the impact of COVID-19 on the key sectors and the nature of the service delivery by considering a wide range of factors. The effect of COVID-19 on future market projections is also analyzed in the study.

Facility Management
In-house Facility Management
Outsourced Facility Management
Single FM
Bundled FM
Integrated FM
Offering Type
Hard FM
Soft FM
End-User
Commercial
Institutional
Public/Infrastructure
Industrial
Other End-Users
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Canada Facility Management Market Size Summary

The Canadian facility management market is experiencing significant growth, driven by rapid urbanization and increased investments in co-living and office spaces. The integration of advanced technologies such as the Internet of Things (IoT) into facility management solutions is enhancing productivity and reducing operational costs. Companies like Visionstate Corp. are leading the way by incorporating IoT features into their applications, which are gaining traction in the sector. However, the market faces challenges due to demographic changes affecting the availability of skilled workers, compounded by travel restrictions that have delayed the processing of overseas applications. Despite these challenges, the demand for outsourced facility management services is rising, with specialized providers catering to various sectors, including public services, healthcare, and education, thereby driving the market's expansion.

The commercial sector, particularly office buildings housing business services, is a significant contributor to the market's growth. The recovery of the Canadian commercial real estate investment market post-COVID-19 is further fueling this growth, with government initiatives in Ontario aimed at optimizing government-owned spaces and designing hybrid workplace environments. The competitive landscape of the Canadian facility management market is marked by the presence of major players like CBRE, ISS Global, and JLL Limited, who are expanding their market presence through innovative solutions and strategic acquisitions. Recent developments, such as JLL's takeover of Ivanhoe Cambridge's retail properties and Dexterra Group Inc.'s acquisition of TRICOM Facility Services, highlight the dynamic nature of the market, as companies strive to secure new contracts and explore new markets.

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Canada Facility Management Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porters Five Forces Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Assessment of the Impact of COVID-19 on the Market

    4. 1.4 Market Drivers

      1. 1.4.1 Growing Trend Toward Commoditization of FM

      2. 1.4.2 Renewed Emphasis on Workplace Optimization and Co-living Spaces

    5. 1.5 Market Restraints

      1. 1.5.1 Growing Competition Expected to Impact Profit Margins of Existing Vendors

  2. 2. MARKET SEGMENTATION

    1. 2.1 Facility Management

      1. 2.1.1 In-house Facility Management

      2. 2.1.2 Outsourced Facility Management

        1. 2.1.2.1 Single FM

        2. 2.1.2.2 Bundled FM

        3. 2.1.2.3 Integrated FM

    2. 2.2 Offering Type

      1. 2.2.1 Hard FM

      2. 2.2.2 Soft FM

    3. 2.3 End-User

      1. 2.3.1 Commercial

      2. 2.3.2 Institutional

      3. 2.3.3 Public/Infrastructure

      4. 2.3.4 Industrial

      5. 2.3.5 Other End-Users

Canada Facility Management Market Size FAQs

The Canada Facility Management Market is projected to register a CAGR of 8.83% during the forecast period (2024-2029)

CBRE Group, ISS Global , Cushman and Wakefield, JLL Limited and GDI Integrated Facility Services are the major companies operating in the Canada Facility Management Market.

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Canada Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)