A comprehensive industry overview and market perspective are included in the latest study from MarkNtel Advisors titledAfrica Facility Management Market. The research provides a detailed overview of the current market state, including market trends and the most recent advancements made globally. In-depth analysis of market size, share, industry trends, forecast, and competitive environment is covered in the report that presents clear picture of the market with relevant statistical data.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
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Africa Facility Management Market Insights:
The Africa Facility Management Market size was valued at around USD 26.35 billion in 2022 & is estimated to grow at a CAGR of about 7.2% during the forecast period, i.e., 2023-28.
Africa Facility Management Market Drivers:
Growing Emphasis on Infrastructural Development in the Region – Africa Facility Management Market is gaining decent traction due to a growing prevalence of infrastructural development across the region. The market is more likely to stimulate due to the evolving demand for developing a large number of infrastructures generated by the several initiatives undertaken by the government along with the support of other international entities. Therefore, their conjoined efforts towards investing in building infrastructures demonstrate a substantial contribution towards the opening of several lucrative for the regional population, such as high-rise buildings, more educational buildings, etc. Hence, this, in turn, would aid in driving the demand for fascinating management during the forecast period.
Africa Facility Management Market Leading Key Players:
Bidvest, Tsebo, Excellerate Service, Broll Property, Atalian Servest, JLL
Africa Facility Management Market Segmentation:
Based on Type
Based on Operating Model
Based on Service Delivery
– Single Services
Based on End Users
Based on Enterprise Size
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Africa Facility Management Market Geographical Analysis
– South Africa
– Ivory Coast
Recent Development of Africa Facility Management Market:
July 2022: Bidvest Facilities Management, one of the renowned listed companies of JSE, announced its acquisition of BIC Services PTY LTD. This Australian FM services management company was taken over for USD109 million as Bidvest decided to expand its operations overseas.
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