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More growth predicted for booming FM industry
19 March 2014
The UK FM sector grew by almost £2.5 billion in 2013 and is set for more growth this year as the market continues to strengthen, according to a new market research report.
Although the number of FM companies declined by 12% in recent years, the report states that the industry is now experiencing growth on two fronts as both value and volume growth return to the market. It says that single service contractors are focusing on value growth, whilst bundled service providers benefit from rising volume performance.
MTW Research, a specialist independent publisher of market research and databases for the UK Construction & Building Products industry, published the report.
Mark Waddy, director of MTW, said: "For the first time since the recession of 2008/09, a larger proportion of FM providers reported growing sales than those reporting declining performance, illustrating a backbone of strength now clearly evident in the UK FM market.”