Expanding Market for Building Maintenance Services with Anticipated Compound Annual Growth Rate of 8.40%
The global Building Maintenance Services Market is on an upward trajectory, forecast to grow at a compound annual growth rate (CAGR) of approximately 6.69% from 2025 to 2034, according to recent reports. This growth is expected to propel the market revenue from about $1.77 trillion in 2025 to $3.17 trillion by 2034.
In 2024, the Facilities Management Services Market, which includes building maintenance services as a segment, was valued at $1,652.9 billion. This market is projected to reach $1,771.4 billion in 2025 and further expand to $3,173.33 billion by 2034, demonstrating a CAGR of 6.69% over the forecast period 2025-2034.
While the broader Building Maintenance/Facilities Management Services Market is forecast to grow at a moderate CAGR of around 6.7%, segments focused on building management and control technology exhibit higher growth rates. These segments, particularly around 9%-25%, are expected to grow rapidly in the near term (up to 2029) due to technological innovation and growing demand for smart, energy-efficient solutions.
North America led the global market in 2024, securing over 34% of the total market share and generating approximately USD 1.4 billion in revenue. The U.S. Building Maintenance Services market alone was valued at USD 1.4 billion in 2024 and is expected to grow at a CAGR of 5.3%.
The presence of major industry players in North America drives innovation, offers a broad range of services, and intensifies market competition. Companies like Heightsafe Systems Limited (UK) and Akrobat Pte Ltd (Singapore), which support major landmarks in North America, continue to advance their solutions in work-at-height operations and facade access systems, respectively.
Innovation is not limited to traditional players, as evidenced by Alimak Group's partnership with Skyline Robotics to develop AI-enabled automated Building Maintenance Units (BMUs) for facade access.
Facility Management Companies held the leading position among service providers, commanding over 40% of the market share in 2024. The Outsourced Services segment accounted for the largest share of the market in 2024, contributing more than 41%.
Elsewhere in the world, FBA Gomyl, a leading provider of Building Maintenance Units in the Philippines, designs and manufactures bespoke BMU systems tailored for skyscrapers, significantly improving safety and efficiency in window cleaning, inspections, and exterior repairs in high-rise developments.
The Commercial Building segment dominated the market in 2024, capturing more than 34% of the share. However, the Interior Building Cleaning segment led the market in 2024, accounting for over 22% of the total share.
The global Building Maintenance Services market is projected to grow from USD 4.35 billion in 2024 to approximately USD 9.7 billion by 2034, registering a CAGR of 8.40%. This growth is influenced by the increasing reliance on specialized service providers capable of meeting evolving safety and environmental codes, particularly in North America.
Jomy SA (Belgium) offers reliable yearly maintenance contracts to ensure safety installations remain operational and compliant. This underscores the importance of professional maintenance services in ensuring building safety and environmental sustainability, a factor that is particularly relevant in regions with strict regulatory standards, such as North America.
In conclusion, the global Building Maintenance Services Market is poised for significant growth, driven by technological innovation and the growing demand for smart, energy-efficient solutions. The market's focus on safety, efficiency, and sustainability is reflected in the increasing number of partnerships and advancements in technology, as well as the growing dominance of Facility Management Companies and the Outsourced Services segment.
- The Facilities Management Services Market, incorporating building maintenance services, is projected to reach $3,173.33 billion by 2034, indicating substantial growth in the finance and business sectors, particularly in real-estate.
- Innovation in the industry, such as Alimak Group's development of AI-enabled automated Building Maintenance Units (BMUs), is expected to significantly impact the investing landscape, driving growth in smart, energy-efficient building maintenance solutions.
