Market Size of Finland Facility Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 1.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Finland Facility Management Market Analysis
The Finland facility management market is expected to register a CAGR of 1.2% during the forecast period (2022-2027).
- Facility management (FM) is a profession that encompasses multiple disciplines to ensure comfort, functionality, efficiency, and safety of the built environment by integrating people, process, place, and technology.
- In terms of digital maturity and penetration of technology, the facilities management market lags behind other tasks such as production equipment maintenance. Although technology is available for facilities management, a lack of digital skills inside the department, other leadership priorities, and an emphasis on constant cost-cutting have all stymied adoption.
- These considerations have made the facilities management outsourcing industry appealing to prominent suppliers who were already involved in this role, either directly or indirectly. In order to gain a larger share of the market, several incumbents have developed an integrated facilities management offering.
- Furthermore, the demand for facility management solutions and services is declining due to the COVID-19 outbreak. Due to reduced business operations in many sectors, there is a massive decline in the production and supply of raw materials, including transportation, manufacturing, and real estate. This leads to a reduction in the demand for FM services in these areas. The employees are not willing to work even with raw materials due to the fear of a pandemic.
- However, with the regular resuming of business operations after the lockdown, facility management solutions and services are increasing due to the requirement of workplace management in the organizations. Additionally, FM providers have been experiencing staff shortages due to various factors that include lockdown restrictions, furloughing self-isolation, and illness.
Finland Facility Management Industry Segmentation
The Findland facility management market is segmented by type of facility management (in-house facility management and outsourced facility management), offering type (hard FM and soft FM), and end-user (commercial, institutional, public/infrastructure, and industrial).
| By Type of Facility Management | |||||
| Inhouse Facility Management | |||||
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| By Offering Type | |
| Hard FM | |
| Soft FM |
| By End-User | |
| Commercial | |
| Institutional | |
| Public/Infrastructure | |
| Industrial | |
| Others |
Finland Facility Management Market Size Summary
The Finland facility management market is characterized by its integration of various disciplines to enhance the comfort, functionality, efficiency, and safety of built environments. Despite the availability of advanced technologies, the sector has been slow to adopt digital solutions due to a lack of digital skills, competing leadership priorities, and a focus on cost-cutting. This has made the outsourcing of facility management services attractive to major suppliers, who have developed integrated offerings to capture a larger market share. The COVID-19 pandemic initially led to a decline in demand for facility management services due to reduced business operations across sectors like transportation, manufacturing, and real estate. However, as businesses resumed operations, the demand for workplace management solutions increased, although challenges such as staff shortages persisted due to pandemic-related issues.
The market serves a diverse range of sectors, including government, transportation, food and beverage, tourism, and defense, each with specific facility management needs. The public sector, in particular, plays a significant role in the market, driven by budget constraints that necessitate the outsourcing of essential services. Bundled service contracts are becoming more prevalent as public sector clients seek to reduce costs and streamline supplier relationships. The tourism industry, buoyed by rising disposable incomes, also contributes to market growth, with facility management services being crucial in enhancing customer experiences at airports, hotels, and entertainment venues. The market is competitive, with key players like Rapal Oy, SGS SA, ISS Group, Coor Group, and Apleona HSG A/S actively engaging in partnerships and strategic investments to navigate current challenges and capitalize on growth opportunities.
Finland Facility Management Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness- Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type of Facility Management
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2.1.1 Inhouse Facility Management
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2.1.2 Outsourced Facility Management
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2.1.2.1 Single FM
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2.1.2.2 Bundled FM
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2.1.2.3 Integrated FM
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2.2 By Offering Type
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2.2.1 Hard FM
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2.2.2 Soft FM
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2.3 By End-User
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2.3.1 Commercial
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2.3.2 Institutional
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2.3.3 Public/Infrastructure
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2.3.4 Industrial
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2.3.5 Others
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Finland Facility Management Market Size FAQs
What is the current Finland Facility Management Market size?
The Finland Facility Management Market is projected to register a CAGR of 1.20% during the forecast period (2024-2029)
Who are the key players in Finland Facility Management Market?
Rapal Oy, SGS SA, ISS Group, Coor Group and Apleona HSG A/S are the major companies operating in the Finland Facility Management Market.
