UK Facility Management: New Business Models to Maximize Growth Prospects
Disruptive technologies and sustainability goals to support facility management recovery
Research Overview
The facility management (FM) market in the United Kingdom is transforming, driven by technology innovations, new business models, emerging value propositions, sustainability, and creative service offerings. The UK FM market is the largest in Europe and one of the most developed, dynamic, and mature in the world. It has a highly competitive international supply base, with both growth and margins under pressure. With FM services commoditizing and organic growth hard to achieve, companies need to innovate to keep growing and remain profitable. The industry will continue to move towards service integration and sophisticated advisory services focused on business productivity.
Meanwhile, COVID-19 is having a severe effect on all customer sectors. The UK FM market saw a revenue drop of 5.8% in 2020 because of the impact of the pandemic. The market revenue will not reach 2019 levels until 2024. There are opportunities for companies that target the highest growth services and sectors and significant challenges for those that fail to adapt. Collaborations and partnerships are increasingly critical as the UK market becomes disrupted by technology and new business models.
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