Facilities management (FM) enjoyed significant growth last year – a trend that is expected to continue.
A report by MTW Research reveals that the sector expanded by almost £2.5 billion in 2013 as both value and volume growth returned.
This is despite the fact that the number of FM companies has actually declined by 12% in recent years.
It is the first time since the recession in 2008 that a larger proportion of providers reported growing sales than those reporting declining performance.
The research points to a clear polarisation in terms of market trends for FM providers, with single service contractors focusing on value growth.
Bundled service providers, meanwhile, are benefiting from rising volume performance.
MTW Research, a specialist independent publisher of market research and databases for the UK Construction & Building Products industry, expects to see similar growth across the FM sector in 2014.
Mark Waddy, director of the company, claims last year’s performance illustrates a backbone of strength that is clearly evident in the UK market.
Copyright Press Association 2014