Market Size of Romania Facility Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.56 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Romania Facility Management Market Analysis
The Romania Facility Management Market is expected to grow at a CAGR of 2.56 % from 2022 to 2027. Evolution of the real estate sector in this part of Europe, where maintenance, administration, and operation of buildings correspond to the current and specific meaning of the facility management industry in Romania.
- An increase in logistics companies and ventures reflects the need for more offices and rising commercialization in the region. For instance, Global Vision recently announced the launch of a new logistics project - Bucharest airport Park a boutique logistics development that will support trade and air cargo activities at Henri Coanda International Airport. Also, the real estate company continued all its development projects during the crisis, despite the challenges. Amid rising commercialization, FM services will also demand maintaining the offices and premises for smooth and uninterrupted business operation in the region.
- As per the 2021 FDI report by the national bank of Romania, The FDI stock relative to GDP stood at 41.6 percent in 2020, up by 2.1 percentage points from the previous year. By economic activity, 39.3 percent of FDI stock was channeled to industry, primarily to the manufacturing sector with 29.2 percent of total FDI stock. This increasing trend in FDI Stock towards the manufacturing sector reflects the rise of services like logistics, supply chain, FM services like cleaning, and maintenance for the manufacturing projects.
- Romania is not the most cost-effective outsourcing destination. However, it has several peculiar advantages that set it apart. Based on the ideal geographical instance, a higher level of technical proficiency and outshining soft skills, plus mastery of English and German, French and Italian, and the list goes on. Several review boards list the Romanian IT market among the best software development and design outsourcing markets. And the country has the most significant number of certified IT specialists in Europe. Rising trends towards outsourcing also require increasing the number of offices and premises for outsourcing organizations for physical office locations like data centers, call centers, and FM services for all the business operations.
- The invasion of Russia on Ukraine on February 24, 2022, impacted Romania's overall business and the political situation, eventually hampering the Facility management market in the country. Romania being the top cybersecurity provider to Ukraine, many companies involved in the IT industry in Romania is now forced to make specific changes in their business operation to mitigate risk from the unstable geopolitical situation.
- The outbreak of COVID-19 has had a mixed impact on facilities management businesses. The restrictions on population resulted in a decline in project work and a reduced level of activity across customer sites. Significant players in the market, such as BMF, CBRE Group, and others, were adversely affected due to the pandemic lockdown.
Romania 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. Romania's Facility Management market is segmented by Type( Inhouse and Outsourced Facility Management ( Single, Bundled, and Integrated), By Offering (Hard FM and soft FM), By End Users (commercial, Institutional, Public/Infrastructure, and industrial).
| By Facility Management Type | |||||
| In-House Facility Management | |||||
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| By Offerings | |
| Hard FM | |
| Soft FM |
| By End-User | |
| Commercial | |
| Institutional | |
| Public/Infrastructure | |
| Industrial | |
| Other End-users |
Romania Facility Management Market Size Summary
The Romania Facility Management Market is poised for growth, driven by the evolving real estate sector and increasing commercialization in the region. The demand for facility management services is bolstered by the rise of logistics companies and the expansion of office spaces, particularly in areas like Bucharest, which is witnessing significant developments such as the Bucharest Airport Park. The influx of foreign direct investment, particularly in the manufacturing sector, underscores the need for robust facility management services to support new projects. Romania's strategic geographical location, coupled with its skilled workforce and proficiency in multiple languages, makes it an attractive destination for outsourcing, further fueling the demand for facility management services to maintain and operate these business premises.
The market landscape is characterized by a competitive environment with various service providers, including prominent names like CBRE Group, BMR Group, and Vinci Facilities. These companies are actively involved in strategic partnerships and acquisitions to enhance their service offerings and adapt to the dynamic market conditions. Despite challenges posed by geopolitical tensions and the COVID-19 pandemic, which temporarily impacted project activities, the market is expected to recover and continue its growth trajectory. The increasing importance of cybersecurity and the expansion of the e-commerce sector also contribute to the rising need for facility management services, as businesses seek to ensure smooth operations and maintain their infrastructure in a rapidly changing economic landscape.
Romania 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 - Porters Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Assessment of Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Facility Management Type
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2.1.1 In-House 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 Offerings
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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 Other End-users
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Romania Facility Management Market Size FAQs
What is the current Romania Facility Management Market size?
The Romania Facility Management Market is projected to register a CAGR of 2.56% during the forecast period (2024-2029)
Who are the key players in Romania Facility Management Market?
P. Dussmann Serv România S.R.L, Vinci Facilities, B+N REFERENCIA ZRT., CBRE Group, Inc. and HGC facility Group are the major companies operating in the Romania Facility Management Market.
