Key findings: Building maintenance services
This building maintenance services sourcing and procurement report acts as an all-inclusive guide to enable sourcing and procurement professionals to make smart purchasing decisions. This market intelligence report also analyzes the US supply market and the critical cost drivers that can help the buyers and suppliers to devise a cost-effective category management strategy.
The growing need to reduce in-house labor requirement and focus on the core business operations is compelling buyers from various industries to outsource non-core functions such as building maintenance to efficient third parties. This is accelerating the category spend momentum to a considerable extent. Companies in the building maintenance industry are also well-known for leveraging technologies such as IoT, BIM, machine learning, artificial intelligence, wearables technology, drones, and automated facility management software. This rapid technology adoption is a critical driving force for buyers who are outsourcing building maintenance functionalities to avail the technologies at their operation facilities without incurring the associated expenditure.
To know more about the year-over-year spend growth rate, download a free sample report.
This building maintenance services sourcing and procurement report offers an analysis of the supply market trends and effective category pricing strategies to help buyers improve their procurement process and guide them in developing effective category management strategies. In this procurement market intelligence report, the category spend is analyzed from the perspective of the buyers and the suppliers.
Our portfolio of reports for the facility management category helps buyers understand:
- Global and regional spend potential for building maintenance services for the period of 2017-2022
- Identify the procurement best practices
- Analyze the sustainability best practices
- Assess the category pricing strategies
Analyze the global category spend for building maintenance services
The current economic growth and wide-spread industrialization are creating a huge requirement for commercial and industrial office spaces. It has been observed that with every passing year, the commercial and industrial office space vacancy rates are declining. This is indicative of the fact that the market for building maintenance services will witness a high demand from these industrial sectors, which will spur the category spend growth rate during the forecast period.
For more information on the exact spend growth rate and yearly category spend, download a free sample.
This sourcing and procurement report offers coverage of:
- Regional spend dynamism and factors impacting costs
- Category hierarchy map
- Supply chain margins
- Buyer and the supplier ecosystem
Optimize category spend for building maintenance services
A cost-effective category procurement strategy is largely dependent on the negotiation strategies of buyers. On that note, category managers are advised to create benchmark studies to compare and comprehend labor rates of various services including inspection, cleaning, electrical maintenance, plumbing, and waste management, which comprise the building maintenance services. This will aid in creating efficient negotiation strategies to achieve better cost savings.
This market intelligence report also offers coverage of:
- Procurement organization objectives
- Supplier and the buyer KPIs
- Major category enablers
Assess category spend for the US region
Office vacancy rates in the US are observing a stark decline against an increasing demand for industrial spaces from the e-commerce sector. Factors like changing consumer behavior and increasing spending power are creating opportunities for companies in the e-commerce sector, who are now occupying the vacant office spaces to build warehouses. The multi-family residential sector will also contribute towards the category demand in the US region in the years to come.
Additional information offered in this market intelligence report will help buyers analyze:
- Margins of suppliers in the US
- Category spend in the US
- Price outlook and forecasts until 2023
Build strategies for effective supplier selection
Buyers from different industries have a specific set of maintenance requirements which make it necessary for buyers to assess the service provider’s capability to provide industry-specific solutions. This assessment can be done by examining the service provider’s previous partnerships with other companies in the same industry.
This sourcing and procurement report identifies the major costs incurred by suppliers and provides additional information on:
- Supplier’s positioning strategy
- Supplier evaluation criteria
- Supplier market ecosystem
Devise effective category management strategies for building maintenance services
In industries where systems suffer frequent shutdowns, category managers must engage with service providers who provide preventive maintenance services. Such services are functional in mitigating risks associated with unforeseen system shutdowns. This will reduce operational downtime and losses for companies.
Key insights offered in this market intelligence report will help the buyers identify:
- Global and regional category risks
- Strategic sourcing metrics
- Market environment score
Determine the spend dynamics for key geographies
Stringent Environmental Health and Safety (EHS) policies prevailing in Europe and North America are compelling buyers to subscribe to the appropriate building maintenance services to pledge complete adherence to the regional regulations. Rapid urbanization coupled with rapid pace of industrialization in major economies in APAC will continue driving the requirements for building maintenance services in the region.
Key geographies analyzed in this market intelligence report include the following:
- North America
- South America
Information on the top building maintenance services providers and major risks faced while procuring building maintenance services are offered in this market intelligence report. Download a free sample to access the report’s complete scope of coverage.
Key Features of Report
Procurement Best Practices
Cost Saving Opportunities
Supplier Capability Matrix
Building Maintenance Services - Category Spend Analysis
According to procurement analysts, increase in outsourcing of building maintenance activities from large organizations to achieve cost savings and improve the quality of services is driving the growth of the global market of the building maintenance services.
Building Maintenance Services – Procurement Best Practices
Buyers must engage with suppliers that have the capabilities to meet overall inspection, proactive, and reactive maintenance requirements. They must compare the capabilities of all suppliers such as service delivery, workforce capabilities, and key service offerings and engage with the most suitable ones.
Building Maintenance Services - Procurement Challenges
Based on the analysis in this report, one of the major procurement pain points experienced by the buyers is the difficulty in obtaining integrated service delivery options. SpendEdge’s procurement specialists predict that the buyers must engage with the local suppliers that partner with other building maintenance service providers.