Ireland Facility Management Market Size (2024 - 2029)

Ireland Facility Management Market Analysis

The Ireland Facility Management Market size is estimated at USD 3.02 billion in 2024, and is expected to reach USD 3.34 billion by 2029, growing at a CAGR of 2.05% during the forecast period (2024-2029).

Growth is mainly attributable to the country's rapidly developing infrastructure and increasing public awareness. To significantly increase demand for FM services in the country, the growth of the construction sector in the country after the recession and the development of manufacturing sites are analyzed.

• The facility management sector is interconnected with large contractors around the globe that have contracts in place, and smaller local players are focusing on individual contract solutions and joint services. However, because of the dynamics on the ground, there are growing opportunities to use facility management and company real estate in new ways. Expansion plans provide a unique chance as market vendors resort to providing tailored home, office, and retail maintenance services.
• In addition, foreign investors are attracted to open trade policies that stimulate the construction sector. The construction sector is the backbone of the economy and is projected to grow rapidly over the forecast period. The construction industry strongly contributes to the country's economic growth and development, creating a strong demand for FM services.
• Ireland has a large manufacturing base, with many jobs in the main sectors of pharmaceuticals and chemicals, food and beverages, health products, computers and electronic equipment, and engineering. To maintain a competitive manufacturing base, raise domestic productivity, and support the sustainable employment of quality workers while promoting export-driven growth, Industry 4.0 is necessary to be implemented in full. This Industry 4.0 Plan is a core deliverable of Future Jobs Ireland, the government's new economic strategy to ensure Ireland is well-positioned to flourish in a world economy that is changing quickly.
• Although the outsourced FM has a lot of income potential, more and more services are commoditized in this country. The FM service has become a commodity requiring innovative suppliers to maintain margins and growth. Furthermore, contracts are planned to last less time because the end user sector is characterized by high price sensitivity.
• The Irish market for Facility Management had a double effect as regards the impact of COVID-19. The need to provide cleaning services as part of a hygienic protocol for healthcare facilities was identified in the COVID-19 pandemic and resulted in increased demand for soft service management. A new opportunity for growth has emerged due to the dynamics on the demand side, with numerous companies revising their policies and further developing service offering that includes hygiene maintenance and COVID-19 safety provisions.

Ireland Facility Management Industry Segmentation

By integrating people, place, process, and technology, facility management confines multiple disciplines to ensure any building's functionality, comfort, safety, and efficiency. At the same time, complex services include physical and structural services like fire alarm systems, lifts, etc. Soft services include cleaning, landscaping, security, and similar human-sourced services, providing solutions to end-user industries. The Ireland facility management market is defined based on the revenues generated from the services used in various end-user applications nationwide.

The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study also tracks the revenue accrued from the various types used in various end-user industries across Ireland. In addition, the study provides the Ireland facility management market trends, along with key vendor profiles. The study further analyses the overall impact of COVID-19 on the ecosystem.

The Ireland facility management market is segmented by type (inhouse facility management and outsourced facility management [single FM, bundled FM, and integrated FM]), by offering type (hard FM and soft FM), and by end-user (commercial, institutional, public/ infrastructure, industrial, and other end-users). The market sizes and forecasts are provided in terms of value in USD for all the above segments.