Africa Facility Management Market Forecast 2023-28: Unleashing Growth Potential and Profitability

Africa Facility Management Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Africa Facility Management Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Africa Facility Management market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and Country while spotlighting the most recent developments in the market.

Africa Facility Management Reports Highlights

What is the size of the Africa Facility Management Market?

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. The market is witnessing moderate growth owing to the heightened construction projects occurring in the region, due to which there is an escalating requirement for cleaning services, disinfection, and managing the spaces. Therefore, the demand for facility management services is rising exponentially. Apart from this, the market expansion is propelled by the boosting regional demand for better third-party FM solutions, rapid enhancements while building the infrastructures, and growing investments in the private industry.

What do the growth prospects and trends look like in the Africa Facility Management Industry?

Lack of Skilled Workforce to Impede the Market Growth – The growth of the market is anticipated to slow down owing to the lack of educational skills & training sessions that are required to understand the proper functioning behind facility management, leading to a lack of skilled professionals. However, on the other hand, the absence of knowledge & awareness about the beneficial aspects of FM services equally contributes to hindering market growth.

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What Components are encompassed within Africa Facility Management Market segmentation?

The report has divided the market into the following segments:

By Type

-Hard

-Soft

-Risk

-Administrative

By Operating Model

-In-House

-Outsourced

By Service Delivery

-Integrated

-Bundled

-Single Services

By End Users

-Commercial

-Residential

-Government

-Retail

-Education

-Healthcare

-Hospitality

-Others

By Enterprise Size

-Large

-Mid-Size

-Small

By Country

-South Africa

-Nigeria

-Algeria

-Egypt

-Ivory Coast

-Senegal

-Zambia

-Kenya

-Ohers.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-Bidvest

-Tsebo

-Excellerate Service

-Broll Property

-Atalian Servest

-JLL.

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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