Greece Facility Management Market Size
Study Period | 2019 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 1.83 Billion |
Market Size (2030) | USD 2.01 Billion |
CAGR (2025 - 2030) | 1.97 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Greece Facility Management Market Analysis
The Greece Facility Management Market size is estimated at USD 1.83 billion in 2025, and is expected to reach USD 2.01 billion by 2030, at a CAGR of 1.97% during the forecast period (2025-2030).
The Greece facility management industry is experiencing significant transformation driven by technological innovation and digitalization initiatives. Leading companies are increasingly adopting IoT sensors, AI-powered predictive maintenance, and digital asset management platforms to enhance operational efficiency and service delivery. For instance, in May 2022, Vodafone Greece's Business division launched a comprehensive facility management service portfolio incorporating IoT applications for energy monitoring and workplace management. The integration of smart building technologies has become particularly crucial as facility managers seek to optimize building operations while reducing operational costs through automated systems and data-driven decision-making.
The market is witnessing a strong focus on sustainability and energy efficiency initiatives across commercial and industrial facilities. Facility management providers are expanding their service offerings to include energy audits, building automation, and environmental monitoring solutions. This trend is supported by significant infrastructure investments, with the National Recovery and Resilience Plan (NRRP) mobilizing approximately EUR 57.5 billion in new investments for 2021-2026, a substantial portion of which is directed toward sustainable development projects. The European Bank for Reconstruction and Development's EUR 20 million investment in July 2022 for the Lamda Development bond further demonstrates the growing emphasis on sustainable facility management practices.
The industry landscape is evolving through strategic consolidations and integrated facility management, as companies seek to offer comprehensive facility management solutions. Market players are forming partnerships and expanding their service portfolios to provide integrated solutions that combine both hard and soft services. This trend is particularly evident in the commercial sector, where facility management providers are developing customized solutions for various industries, including retail, healthcare, and corporate offices. The market has seen several notable collaborations, such as Manifest Services' expansion of partnerships with major corporations to provide total facility services across multiple locations.
Infrastructure development continues to drive market growth, with significant investments in transportation, healthcare, and commercial facilities. The Greek government has allocated EUR 670 million for railway infrastructure upgrades, demonstrating the scale of infrastructure development initiatives. According to CEIC data, Greece recorded 1,977 building permits in April 2022, indicating robust construction activity that creates new opportunities for facility management services. These developments are complemented by the modernization of existing facilities and the implementation of smart building technologies, as organizations seek to enhance operational efficiency and meet evolving workplace requirements.
Greece Facility Management Market Trends
Growing Trend Toward Commoditization of FM
The facility management market in Greece is experiencing increased commoditization driven by the presence of numerous vendors offering single, bundled, and integrated facility services. This trend is primarily fueled by government-backed infrastructure projects creating a strong demand for standardized FM services. For instance, the Greek government's plan for 30 projects to be implemented in Thessaloniki by 2030, encompassing infrastructure, healthcare, entrepreneurship, and innovation sectors, has created substantial opportunities for FM service providers. The intense competition among vendors to secure long-term contracts has resulted in standardized service offerings, with companies focusing on business development through contract-based or collaborative approaches with extended timeframes.
The commoditization trend is further supported by increased investment and funding from various sources, particularly the European Union and foreign direct investments, which provide capital across multiple industry verticals. Major market players are securing extended contracts with prominent organizations, as evidenced by Manifest Services' nine-year cooperation extension with Nestle Hellas in March 2022 for providing facility management services to all its buildings throughout Greece. Additionally, in January 2022, Manifest Services expanded its cooperation with Mytilineos SA, taking over complete cleaning and technical maintenance services for the group's buildings. These long-term partnerships demonstrate how standardization and commoditization of FM services are becoming increasingly prevalent in the Greek market.
Increasing Investments in Infrastructure Developments
The infrastructure development landscape in Greece is witnessing substantial growth, particularly in commercial infrastructure, driven by the increasing number of small and large businesses operating across different industry verticals. According to ELSTAT, the number of building permits issued in the country registered a significant 36% growth in the first four months of 2021 compared to the previous year, indicating robust construction activity. This growth is further supported by strategic investments such as the European Bank for Reconstruction and Development's (EBRD) EUR 20 million investment in July 2022 in Lamda Development's bond offering, aimed at transforming the Athens International Airport area into a sustainable commercial, residential, and hospitality hub.
The geographical advantage of Greece as an entry point to Europe from Asia has attracted significant manufacturing investments, while the government's amendment of regulations to allow privatization of state-owned assets has resulted in numerous infrastructure development initiatives. The commercial sector has become particularly attractive for infrastructure investments due to higher cash flow potential and better returns on investments. This is evidenced by the growing presence of multinational business organizations and the expansion of the retail sector post-pandemic. Furthermore, the Information and Communications Technology sector has emerged as one of the most promising areas in the Greek economy, with recent investments from major industry players such as Microsoft, Apple, Amazon, and Samsung, who have acquired Greek startups and established operations in the country, creating additional demand for sophisticated facility management services.
Segment Analysis: By Facility Management Type
Outsourced FM Segment in Greece Facility Management Market
The outsourced facility management segment dominates the Greece Facility Management market, holding approximately 65% market share in 2024. This segment's prominence is driven by organizations increasingly focusing on their core business operations while delegating facility services to specialized service providers. The segment encompasses single FM, bundled FM, and integrated FM services, offering varying levels of service integration to meet diverse client needs. The trend toward outsourcing is particularly strong in the commercial and industrial sectors, where companies seek to optimize operational efficiency and reduce costs. Organizations are increasingly recognizing the benefits of professional facility management expertise, leading to longer-term contracts and more comprehensive service packages. The segment's growth is further supported by the rising adoption of technology-enabled solutions and the increasing complexity of facility management requirements in modern buildings and infrastructure projects across Greece.
In-house FM Segment in Greece Facility Management Market
The in-house facility management segment continues to maintain a significant presence in the Greece Facility Management market, particularly among organizations that prioritize direct control over their facility operations. This segment is characterized by organizations maintaining dedicated internal teams for managing various facility-related functions, from facility maintenance to security. The approach is especially prevalent in sectors where security and confidentiality are paramount, such as certain government facilities and specialized industrial operations. In-house facility management teams are increasingly adopting modern technologies and management systems to enhance their operational efficiency, while also maintaining tight control over quality standards and service delivery. The segment demonstrates resilience through its ability to provide immediate response to facility-related issues and maintain consistent service standards aligned with organizational objectives.
Segment Analysis: By Offering
Hard FM Segment in Greece Facility Management Market
The hard facility management segment maintains its dominant position in the Greece Facility Management market, commanding approximately 62% market share in 2024. This segment encompasses critical services including HVAC maintenance, lift and escalator maintenance, fire safety systems, energy management, MEP services, building management systems (BMS), and total energy management. The segment's strong market position is supported by increasing investments in construction and infrastructure projects across Greece, particularly in transport, renewable energy, and commercial infrastructure. The growing number of multinational firms investing in data centers in Greece has further strengthened the demand for hard facility management services, especially in areas related to energy and power backup systems and managed power distributions. Additionally, the segment's growth is driven by the rising need for efficient facility management services to ensure proper business operations and compliance with regulatory standards.
Soft FM Segment in Greece Facility Management Market
The soft facility management segment is emerging as the fastest-growing segment in the Greece Facility Management market, projected to grow at approximately 2% CAGR from 2024 to 2029. This growth is primarily driven by the increasing emphasis on workplace cleanliness and safety protocols in the post-pandemic era. The segment has witnessed significant innovation in service offerings, with companies introducing specialized sanitization and disinfection services to meet evolving client requirements. The expansion is further supported by the rising demand for personalized and value-added services, including credible risk management, HSE compliance, and local labor law management. Companies in this segment are actively forming strategic collaborations with manufacturing companies across different industry verticals, demonstrating the growing importance of soft facility management services in maintaining operational efficiency and workplace wellness.
Segment Analysis: By End User
Commercial Segment in Greece Facility Management Market
The commercial segment maintains its dominant position in the Greece Facility Management market, accounting for approximately 57% market share in 2024. This substantial market share is driven by the increasing demand for facility management services across office buildings, retail spaces, and corporate facilities. The expansion of the IT sector in Greece has been a significant catalyst, with major industry players such as Microsoft, Apple, Samsung, and Amazon establishing their presence in the country. The Information and Communications Technology sector has emerged as one of the most promising sectors in the Greek economy, primarily driven by the demand for automation and digitalization in both public and private sectors. Commercial infrastructure has become a leading sector due to the increasing number of small and large businesses operating across different industry verticals, leading to exceptional growth in expenditures for facility management services. The segment's growth is further supported by improved retail trade activity, tourism recovery, and data center construction activities across the country.
Institutional Segment in Greece Facility Management Market
The institutional segment, encompassing healthcare and educational facilities, demonstrates significant growth potential in the Greece Facility Management market. The segment's expansion is driven by several transformative developments in the healthcare sector, including the introduction of innovative healthcare facility management technologies and the growing emphasis on efficient waste management and water consumption in medical facilities. The Greek healthcare system is increasingly recognizing the impact of environmental and social issues on healthcare services, leading to the adoption of more sophisticated facility management solutions. The development of Medical Tourism presents excellent opportunities for facility management companies to expand their services. Additionally, the educational sector's growth, marked by new construction projects and facility upgrades, is creating substantial opportunities for facility management service providers to implement comprehensive management solutions across university campuses and educational institutions.
Remaining Segments in Greece Facility Management Market
The public/infrastructure, industrial, and other end-user segments collectively form a significant portion of the Greece Facility Management market, each serving distinct needs and requirements. The public/infrastructure segment is characterized by its focus on federal, state, and local office buildings, along with transportation facilities, benefiting from ongoing government initiatives and infrastructure development projects. The industrial segment caters to manufacturing businesses, including food and beverage, automotive, and chemical industries, with a strong emphasis on operational efficiency and safety compliance. The other end-users segment, which includes leisure, sport, and entertainment facilities, contributes to the market through specialized facility management requirements for venues and public spaces. These segments are experiencing varying levels of growth driven by factors such as government spending, industrial development, and the evolution of public spaces and entertainment venues.
Greece Facility Management Industry Overview
Top Companies in Greece Facility Management Market
The Greece facility management market features prominent players like CORDIA, Cowa Facility Management S.A., Premium Property Operations, Manifest Services SA, and ALTER EGO SA leading the competitive landscape. Companies are increasingly focusing on technological integration, particularly in areas of IoT applications, energy management solutions, and digital transformation of facility services. The industry is witnessing a strong trend toward service portfolio expansion, with providers moving beyond traditional maintenance and cleaning to offer comprehensive integrated facility management solutions. Strategic partnerships and collaborations with sector-specific businesses have become crucial for market penetration and expertise development. Companies are also emphasizing sustainability initiatives and energy-efficient solutions as part of their service offerings, while simultaneously investing in workforce training and development to enhance service quality and operational efficiency.
Mixed Market Structure with Growing Consolidation
The Greece facility management market exhibits a moderately consolidated structure with a mix of international facility management giants and established local players competing for market share. Global players bring sophisticated technological capabilities and standardized service delivery models, while local companies leverage their deep understanding of regional requirements and established client relationships. The market is characterized by increasing merger and acquisition activities as organizations seek to strengthen their market position and expand their service portfolios through strategic consolidation.
The competitive dynamics are shaped by the presence of both integrated facility management service providers and specialized single-service operators. Large conglomerates are increasingly focusing on offering end-to-end solutions, while smaller players maintain their competitive edge through specialization in specific service segments or regional markets. The industry is witnessing a gradual shift from traditional contract-based services to more sophisticated partnership models, with companies offering customized solutions tailored to specific industry verticals and client requirements.
Innovation and Client Relations Drive Success
Success in the Greece facility management market increasingly depends on providers' ability to deliver innovative, technology-driven solutions while maintaining cost efficiency. Companies need to invest in digital transformation initiatives, including smart building technologies, IoT integration, and automated facility management systems to stay competitive. The ability to offer customized service packages, demonstrate sustainable practices, and provide value-added services beyond traditional facility management has become crucial for market success. Building long-term client relationships through superior service quality and proactive maintenance approaches is essential for maintaining market position.
Market contenders can gain ground by focusing on niche segments or specialized services where larger players may have limited presence. Developing expertise in emerging areas such as energy management, sustainability services, and smart facility solutions presents opportunities for differentiation. The increasing emphasis on workplace health and safety standards, coupled with growing environmental regulations, requires providers to maintain high compliance standards and adapt their service offerings accordingly. Success also depends on the ability to manage workforce challenges, maintain service quality consistency, and develop innovative pricing models that align with clients' evolving needs.
Greece Facility Management Market Leaders
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Cowa Hellas Facility Management AE
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Manifest Services SA
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MELKAT
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IMAGIN Facility Management SA
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IDMON Property Advisors & Technical Experts
*Disclaimer: Major Players sorted in no particular order
Greece Facility Management Market News
- May 2023 : Mytilineos announed plans to acquire Unison, which is active in facility management field. The company's clientele includes some of the largest groups in Greece, such as Viohalco, Sklavenitis, OTE, DELTA, Athens Brewery, Hygeia Group, etc.
- February 2023: The Polygon Group shall work in partnership with all its customers, improve processes and take action to reduce the shared footprint by making real reductions while also establishing a number of Internet of ThingsIoT tools for environment management as well as technologies and services that are aimed at monitoring, preventing and limiting damage.
Greece Facility Management Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat Of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Assessment of Impact of COVID-19 on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Trend Toward Commoditization of FM
5.1.2 Increasing Investments on Insfrastructure Developments
5.2 Market Restraints
5.2.1 Diminishing Profit Margins and Ongoing Changes in Macro-environment
6. MARKET SEGMENTATION
6.1 By Facility Management Type
6.1.1 In-House Facility Management
6.1.2 Outsourced Facility Management
6.1.2.1 Single FM
6.1.2.2 Bundled FM
6.1.2.3 Integrated FM
6.2 By Offering
6.2.1 Hard FM
6.2.2 Soft FM
6.3 By End-User
6.3.1 Commercial
6.3.2 Institutional
6.3.3 Public/Infrastructure
6.3.4 Industrial
6.3.5 Other End-Users
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Cowa Hellas Facility Management AE
7.1.2 Manifest Services SA
7.1.3 MELKAT
7.1.4 IMAGIN Facility Management SA
7.1.5 IDMON Property Advisors & Technical Experts
7.1.6 Globe Williams Hellas Facility Management Ltd
7.1.7 Unison SA
7.1.8 AGT Engineering & Services
7.1.9 Module FM
7.1.10 Integrated Outsourced Solutions SA
7.1.11 Polygon Facility Services
7.1.12 Sarp Facility Management AE
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Greece Facility Management Industry Segmentation
The Facility Management Market encompasses various disciplines and services that maintain the operation, comfort, safety, and efficiency of the built environment, including buildings, infrastructure, and property. Facilities Management encompasses a number of parameters, including operations and maintenance. FM includes services such as building maintenance, maintenance operations, utilities, waste services, security, and others.
The Greece facility management market is segmented by type (in-house facility management, outsourced facility management (single FM, bundled FM, integrated FM)), offering (hard FM, soft FM), end-user (commercial, institutional, public/infrastructure, industrial). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
By Facility Management Type | |||||
In-House Facility Management | |||||
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By Offering | |
Hard FM | |
Soft FM |
By End-User | |
Commercial | |
Institutional | |
Public/Infrastructure | |
Industrial | |
Other End-Users |
Greece Facility Management Market Research FAQs
How big is the Greece Facility Management Market?
The Greece Facility Management Market size is expected to reach USD 1.83 billion in 2025 and grow at a CAGR of 1.97% to reach USD 2.01 billion by 2030.
What is the current Greece Facility Management Market size?
In 2025, the Greece Facility Management Market size is expected to reach USD 1.83 billion.
Who are the key players in Greece Facility Management Market?
Cowa Hellas Facility Management AE, Manifest Services SA, MELKAT, IMAGIN Facility Management SA and IDMON Property Advisors & Technical Experts are the major companies operating in the Greece Facility Management Market.
What years does this Greece Facility Management Market cover, and what was the market size in 2024?
In 2024, the Greece Facility Management Market size was estimated at USD 1.79 billion. The report covers the Greece Facility Management Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Greece Facility Management Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Greece Facility Management Market Research
Mordor Intelligence delivers comprehensive insights into the facility management (FM) industry through detailed analysis and consulting expertise. Our extensive research covers the complete spectrum of integrated facility management. This includes building maintenance, facility services, and workplace management solutions. The report, available as an easy-to-download PDF, provides an in-depth analysis of property management and asset management trends. It also examines crucial aspects of building operations and space management across Greece.
The report offers valuable insights for stakeholders in the industrial facility management, commercial facility management, and residential facility management sectors. Our analysis covers both soft facility management and hard facility management components. These include facility cleaning, facility security, and building services. The research particularly benefits organizations seeking to optimize their facility operations and implement total facility management solutions. Special attention is given to corporate facility management practices and emerging trends in facility maintenance.