What is Building Maintenance Services?
Building repairs and maintenance services mainly include works undertaken for maintaining the proper condition of buildings, their services and works in ordinary use. The use for which buildings are designed is the main factor in determining the required standard of maintenance. Firms participating in the building maintenance industry range from one-person operations to large, diversified corporations, including many participants organized under a franchise model.
The market study is broken down by Type (Landscaping, Interior Building Cleaning, Pest Control, Exterior Building Cleaning, Street and Parking Lot Cleaning and Maintenance, Swimming Pool Cleaning and Others), by Application (Residential Building, Commercial Building, Public Building and Other) and major geographies with country level break-up.
Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Building Maintenance Services market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ABM Industries Inc. (United States), Cushman & Wakefield Plc (United States), CBRE GROUP Inc. (United States), Jones Lang LaSalle Inc. (United States), Sodexo SA (France), Compass Group Plc (United Kingdom), ISS A/S (Denmark), Colliers International Group Inc. (Canada), Associated Building Maintenance Co. Inc. (United States) and 24/7 Building Maintenance Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Aramark Corporation (United States), Tenon Group (India), Dussmann Group (Germany), Millennium Building Services (United States) and Cleannet Usa Incorporated (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Building Maintenance Services market by Type, Application and Region.
On the basis of geography, the market of Building Maintenance Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Worker Positions, the sub-segment i.e. Janitorial will boost the Building Maintenance Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical, the sub-segment i.e. Government will boost the Building Maintenance Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Contract Type, the sub-segment i.e. Fixed Price will boost the Building Maintenance Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On October 29, 2019, CBRE Group, Inc. has announced its appointment as exclusive provider of global real estate services for Novartis International AG, one of the world’s leading pharmaceutical companies.
Market Trend
- Rapid Adoption of New and Advanced Technologies
Market Drivers
- Growing infrastructure developments, a rise in disposable personal income, and an increase in commercial activities are some of the key factors driving the demand for the United States building maintenance service market.
- Improvement in Construction Spending, And Business Establishments
Opportunities
- The boom in the Real Estate Sector and Government Regulations for the Safety of Tenants
Restraints
- A high level of price competition in the industry helps make these services affordable to more potential users, which will restrain the market.
Challenges
- Pressure from Substitutes and Moderate Level of Threat from New Entrants
Key Target Audience
Building Maintenance Services Providers, Real Estate Companies, Builders/Contractors, Business Houses and Agencies, End-Use Industry and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.