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RELEASED: JULY 2008
After researching the UK facilities management market development and taking into account various other factors the following conclusions can be drawn from MBD's report:
MARKET REVIEW 2003-2007:
In 2007, MBD believe the UK potential market for facilities management which includes services carried out in-house, contracted-out service and TFM increased by 4% to a peak level of £115 billion. Prior to that, annual growth rates fluctuated between 4% and 6% in the four years to 2006. During the review period, the value of the market has been increased by an estimated cumulative 18%. In recent years the facilities management market has been stimulated in particular by increased levels of PPP and PFI projects, the Governments ‘Best Value’ initiative along with the BSF programme.
MARKET FORECAST 2008-2012:
The potential UK market for facilities management is expected to demonstrate growth throughout the forecast period, although a modest increase is projected for 2008 reflecting economic uncertainty. In 2012, the value of the market is expected to reach £127.6 billion (at 2007 prices), representing an increase of 3% in the year and cumulative real term growth of 11% compared with the latter year of the review period. Despite economic uncertainty anticipated during the first two years of the forecast period, projected growth reflects continued Government investment in the NHS and MoD, growth in PPP and PFI activity, new proposals to accelerate entry into the BSF programme and the continuing trend of out-sourcing non-core activities.
NOTE TO EDITORS:
MBD specialises in business to business market research. The range of reports and industries in which we operate in constantly expanding (our portfolio comprises of more that 140 titles). All our reports are written by in-house market consultants.
Click here for full details of the UK Facilities Management Market Research Report
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