Italian Facilities Management: Sustainable Innovations Boost Growth
Future growth potential for participants after the pandemic
Facilities management is somewhat underdeveloped in Italy and the outsourced market is much smaller than other European countries with similar GDP and population size, such as the UK and France. Growth has been modest but steady in recent years, but the recovery from COVID-19 will see an accelerated CAGR for the period 2020 to 2025.
Meanwhile, with FM services commoditizing and organic growth hard to find, companies need to innovate to keep growing and remain profitable. The industry will continue to move toward service integration and sophisticated advisory services focused on business productivity and sustainability, and M&A activities will continue.
Meanwhile, COVID-19 is having a severe effect on all customer sectors. The Italian FM market saw a revenue drop of 7.8% in 2020 due to the pandemic. The market will return to growth in 2021, but will not reach 2019 levels until late 2021 or early 2022.
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