Market Size of Sweden Facility Management Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 2.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Sweden Facility Management Market Analysis
The Swedish facility management market is expected to register a CAGR of 2.5% over the forecast period, 2022 to 2027. Sweden is supposed to be one of the most mature and sophisticated outsourced markets for facility management services.
- Sweden is one of the significant outsourced markets for facility management services in terms of development and sophistication. The country's facility management industry operates with integrated contracts provided by significant vendors across continents and nations, and small local players focus on single contracts and single-service solutions. However, they are increasing opportunities to leverage facility management and corporate real estate in new ways.
- Moreover, facility management (FM) includes management methods and techniques for building management, infrastructure management for an organization, and overall harmonization of the work environment in an organization. This system standardizes services and streamlines processes for an organization.
- The Swedish facility management market has been subjected to moderate growth due to the rise in demand for people with an improved requirements. During the forecast period, this scenario is expected to support the market's growth. As a result of the ongoing pandemic, the market in the region has been steadily growing. However, the pandemic has limited production, resulting in a significant drop in business inputs.
- The outbreak of COVID-19 has had a mixed business impact on facilities management firms. The restrictions on the movement of people resulted in a decline in project work and a decreased level of activity across many customer sites. Significant players in the market, such as Krohne Messtechnik GmbH., Itasca International Inc., Durr Systems Inc., and others, were adversely affected due to the pandemic lockdown.
Sweden 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. FMs contribute to the business's bottom line through their responsibility for maintaining what is often an organization's most significant and most valuable assets, such as property, equipment, buildings, and other environments that house personnel, productivity, inventory, and other elements of the operation. The objective of professional FM as an interdisciplinary business function is to coordinate the demand and supply of facilities and services in both public and private organizations.
By Facility Management | |||||
Inhouse Facility Management | |||||
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By Offering Type | |
Hard FM | |
Soft FM |
By End-User | |
Commercial | |
Institutional | |
Public/Infrastructure | |
Industrial | |
Other End-Users |
Sweden Facility Management Market Size Summary
The Swedish facility management market is characterized by its maturity and sophistication, making it a significant player in the outsourced services sector. The industry operates through a mix of integrated contracts managed by major international vendors and single-service solutions offered by smaller local players. This dual approach allows for both comprehensive and specialized service offerings, catering to diverse organizational needs. The market has experienced moderate growth, driven by an increasing demand for enhanced management techniques in building and infrastructure oversight. The ongoing pandemic has influenced market dynamics, leading to a steady growth trajectory despite initial setbacks in production and project activities. The commercial property segment, in particular, presents lucrative investment opportunities, further propelling market expansion.
Collaboration and innovation are key themes in the Swedish facility management landscape, with numerous enterprises engaging in strategic partnerships to enhance service offerings. The market is fragmented and competitive, with no single entity dominating the space. Companies are leveraging advanced technologies and data-driven solutions to streamline processes and improve service delivery. The integration of Internet of Things (IoT) services and Industry 4.0 innovations, such as those developed by Durr Systems and JLT Mobile Computers, exemplify the sector's commitment to modernization. Despite the challenges posed by the pandemic, the market continues to evolve, with significant investments and strategic acquisitions shaping its future trajectory.
Sweden Facility Management Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Driver
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1.3 Market Drivers
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1.3.1 Big Data Allows Facility Management Teams to Drive for Efficiency, Sustainability, and Cost Savings
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1.3.2 Renewed Emphasis on Workplace Optimization and Productivity
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1.4 Market Challenges
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1.4.1 Diminishing Profit Margins and Ongoing Changes in Macro-environment
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2. MARKET SEGMENTATION
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2.1 By 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 Other End-Users
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Sweden Facility Management Market Size FAQs
What is the current Sweden Facility Management Market size?
The Sweden Facility Management Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in Sweden Facility Management Market?
Lighthouse Worldwide Solutions, Kurita Water Industries, Durr Systems, Inc., Itasca International and KROHNE Group are the major companies operating in the Sweden Facility Management Market.