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FM market tops £118.8bn

22 December 2010

MBD’s latest FM Market report shows slower growth due to adverse economic conditions

The UK potential market for FM including contracted out single, bundled and total FM services and in-house FM increased by an estimated 1 percent to £118.8 billion. This follows moderate growth of 2 percent and 1 percent in 2008 and 2009 respectively. This is down on 4- 5 percent growth recorded in the previous two years.
Overall, the value of the potential market for FM has increased by a cumulative 7 percent between 2006 and 2010. The slowdown in growth between 2008 and 2010, is largely a reflection of the adverse economic conditions.
The value of the TFM market, which accounts for 8 percent of the total market, reached an estimated £9.1bn in 2010, equivalent to growth of 1 percent in the year and of 8 percent compared with 2006. The contracted out sector accounts for 60 percent of the market in 2010 slightly up from 59 percent in 2006.
In 2010, the value of the internal sector is estimated at £38.4bn, representing overall
growth of 4 percent compared with 2006. Despite value growth, the proportional importance of the sector is estimated to have contracted from 33 percent in 2006 to an estimated 32 percent in 2010.
Cleaning and catering remained the largest sector (37 percent) of the contracted out FM market during 2010, with security at 14 percent, M&E at 11 percent, and landscaping and gardening at 10%.
The UK potential market for FM is anticipated to increase throughout the five
year forecast period up to 2015, with annual growth levels expected to fluctuate between 2 and 4 percent in real terms. In 2015, the value of the potential market is forecast to reach £135.4bn (at 2010 prices), equivalent to overall growth of 12 percent in real terms compared with 2010.
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