The facilities management (FM) outsourcing market value in the United Kingdom is projected to decline by six per cent this year due to COVID-19, according to a new report by AMA Research.
Although FM contracts were still issued last year, the UK economy is expected to take a severe hit. Fiona Watts, Commissioned Research Manager at AMA Research, said, “Given that many were struggling to remain profitable prior to the pandemic, it seems likely that many companies may either go out of business or dramatically scale down their estates, thereby reducing demand for FM services.”
Prior to the pandemic, the sector enjoyed steady growth of around three per cent per annum with the exception of 2017. Between 2015 and 2019, market value surged by almost 10 per cent.