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Producing machinery for mining, construction, industrial, and agricultural use, such as heavy duty trucks, rolling machinery, earth-moving and construction equipment, farm machinery, commercial printing and presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, etc., including their related parts

Machinery

Account for the systems perspective during the design process, to use the right materials, to design for appropriate lifetime and to design for extended future use

Design for the future

**Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all**

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Even before the COVID-19 pandemic, the world was already off-track to achieve its education targets. If no additional measures are taken, only one in six countries will meet SDG4 and achieve universal access to quality education by 2030. An estimated 84 million children and young people will still be out of school and an estimated 300 million students will still not have the basic numeracy and literacy skills they need to succeed in life. 

To deliver SDG4, education systems must be re-imagined, and education financing must become a priority national investment.

The goal targets to :
- ensure that all girls and boys complete free, equitable and quality primary and secondary education leading to relevant and effective learning outcomes;
- ensure that all girls and boys have access to quality early childhood development, care, and pre-primary education so that they are ready for primary education;
- ensure equal access for all women and men to affordable and quality technical, vocational, and tertiary education, including university;
- substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs, and entrepreneurship;
- eliminate gender disparities in education and ensure equal access to all levels of education and vocational training for the vulnerable, including persons with disabilities, indigenous peoples, and children in vulnerable situations;
- ensure that all youth and a substantial proportion of adults, both men and women, achieve literacy and numeracy;
- ensure that all learners acquire the knowledge and skills needed to promote sustainable development, including, among others, through education for sustainable development and sustainable lifestyles, human rights, gender equality, promotion of a culture of peace and non-violence, global citizenship and appreciation of cultural diversity and of culture’s contribution to sustainable development;
- build and upgrade education facilities that are child, disability and gender sensitive and provide safe, non-violent, inclusive and effective learning environments for all;
- substantially expand globally the number of scholarships available to developing countries, in particular least developed countries, small island developing States and African countries, for enrolment in higher education, including vocational training and information and communications technology, technical, engineering and scientific programmes, in developed countries and other developing countries;
- substantially increase the supply of qualified teachers, including through international cooperation for teacher training in developing countries, especially least developed countries and small island developing States.

Source: [https://sdgs.un.org/goals/goal4](https://sdgs.un.org/goals/goal4)



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4. Quality education

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

Cycle strategies aim to cycle and reuse materials at their highest value: they maximise the volume of secondary materials re-entering the economy, ultimately minimising the need for virgin material inputs and therefore also narrowing flows. Of course, virgin materials will always be needed to a degree: all materials degrade and can’t be cycled infinitely, use energy, and require blending with virgin materials to maintain strength and functionality.

Cycle

Industries

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The principles of a circular economy concern designing out waste, regenerating ecosystems and keeping items in use. Decoupling the economy from material flows—improving the rate of resource productivity faster than the economic growth rate—is also a consistent guide. By evolving with the growing number of applications of circular economy principles, and consolidating these strategies across thematic areas, Circle Economy’s Key Elements Framework (KE) renders the elements of the circular economy salient and serves as a basis to derive contextual strategies and interventions. 


The Framework consists of:
- Core Elements: Activities directly handling product or material flows; and uniquely,
- Enabling Elements: those that remove obstacles for core actors.


Key elements of the circular economy

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Circle Economy's framework of strategies and activities that define the circular economy

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**These 17 Goals recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests.**

The SDGs build on decades of work by countries and the UN, and especially on the Millennium Declaration adopted in September 2000 at UN Headquarters in New York which let to the elaboration of eight Millennium Development Goals (MDGs) to reduce extreme poverty by 2015.

In 2015, the Paris Agreement was signed. A major blueprint came out of this: The Sustainable Development Goals: 17 overarching goals—and 169 targets—that governments are aiming to meet by 2030. Significant progress has been made in terms of poverty, health and inequality, but there's still a way to go. This is where the circular economy comes in: by circulating resources multiple times, the circular economy tackles issues of scarcity and allows all to access what they need—without overburdening the earth. If it's implemented in a holistic way—affording attention to social considerations and the fair distribution of resources— it also offers a pathway for achieving the SDGs; and the link between the two is ever-growing. To read more about the link between the SDGs and the circular economy, click [here](https://www.circle-economy.com/blogs/how-the-circular-economy-can-help-us-reach-the-sustainable-development-goals).

It is the Division for Sustainable Development Goals (DSDG) in the United Nations Department of Economic and Social Affairs (UNDESA) which provides substantive support and capacity-building for the SDGs and their related thematic issues. TheDSDG plays a key role in the evaluation of UN systemwide implementation of the 2030 Agenda and in advocacy and outreach activities relating to the SDGs. In order to make the 2030 Agenda a reality, broad ownership of the SDGs must translate into a strong commitment by all stakeholders to implement the global goals. DSDG aims to help facilitate this engagement.
Alongside this, the annual High-level Political Forum on Sustainable Development serves as the central UN platform for the follow-up and review of the SDGs.
In addition, the UN Secretary-General presents an annual SDG Progress report, which is developed in cooperation with the UN System, and based on the global indicator framework and data produced by national statistical systems and information collected at the regional level.

To read more information: [https://sdgs.un.org/goals](https://sdgs.un.org/goals)

Sustainable Development Goals (SDGs)

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Based on the work of [Bocken et al. (2016)](https://www.researchgate.net/publication/309699661_Product_design_and_business_model_strategies_for_a_circular_economy), the Four Flows Framework serves as a simple framework for managing resource flows in a circular economy by using less (Narrow), using for longer (Slow), using again (Cycle), and using clean, regenerative materials and energy (Regenerate).

These different principles of circular economy can be applied to our socioeconomic metabolism: we can design stocks like buildings, infrastructure, machinery, and vehicles to be rich resource mines for the future, and design manufactured goods and consumables to be cycled and made regenerative. Furthermore, the focus must also centre on getting more value out of fewer materials. Achieving the aims of a circular economy—minimising material use, regenerating the Earth, and preventing material losses—can be done through these four key strategies mentioned above.

Source: Circle Economy. (2023). *[The circularity gap report 2023](https://www.circularity-gap.world/2023)* (p.22). Amsterdam: Circle Economy. 

Four Flows Framework

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 The global facility management market size was valued at USD 1,277.8 billion in 2023 and is projected to grow from USD 1,315.7 billion in 2024 to USD 2,284.8 billion by 2032, exhibiting a CAGR of 8.2% during the forecast period. The facility management market in the U.S. is projected to grow significantly, reaching an estimated value of USD 467.11 billion by 2032, driven by the increasing investment in infrastructure over the years in the U.S. The Asia Pacific dominated the Facility Management Market with a share of 39.92% in 2023. The International Facility Management Association describes facility management as the integration of a physical space with the organization's staff and work, which may include tasks such as the maintenance of equipment or planning for future portfolios. These services include emergency preparedness and business continuity, environmental sustainability, human aspects of communication, project management, quality, real estate & property management, leadership or strategy, and others. The study focuses mainly on the technology side of management, which includes software and services that help improve the efficiency and effectiveness of the management of the facilities. This sector, which is defined as providing maintenance assistance, user management, and project management services, has grown significantly over the last two decades due to initial growth in urbanization and industrial development. In the coming years, the demand for these solutions and services is likely to record a considerable increase. Government spending on transport, energy, construction, and others is the factor for the increase in demand. In addition to building management contracts with its service providers for the provision of its services, contract management also comprises personnel, equipment, and other services. During the COVID-19 pandemic, there was economic chaos, which was followed by further lockdowns. However, an increase in the usage of these services by governments boosted the market as facilities managers began to consider new options for remote work or socially distant workplaces. The growing awareness of hygiene, management, maintenance, and security helped drive industry expansion during the period.      Facility Management Market Trends Integration of Artificial Intelligence in Facility Management Services to Boost Market Growth The ability to process massive amounts of data and extract valuable information is an important factor in the use of artificial intelligence for facility management. Facility managers are able to leverage real-time data from a variety of sources, including the maintenance logs, internet of things sensors, occupancy reports, and energy consumption records through AI powered data analytics tools. These data-driven insights allow facility managers to make well-versed choices regarding space utilization, preventive maintenance, and resource allocation strategies. An example is that artificial intelligence can analyze past patterns of energy consumption to determine waste areas and provide recommendations on energy conservation measures. By optimizing the energy consumption of heating, ventilation, and air conditioning systems based on occupancy data and weather forecasts, artificial intelligence optimizes their efficiency which will ultimately reduce operating costs and improve sustainability. The traditional approach to facility management usually consists of a reactive approach, which addresses the maintenance challenges after they arise. By providing proactive management, artificial intelligence challenges this paradigm. By employing machine learning algorithms, AI can predict equipment failures and maintenance needs based on patterns in historical data, further propelling industry growth.  Request a Free sample to learn more about this report. Facility Management Market Growth Factors Rise in Urbanization and Infrastructure Development to Accelerate Market Growth Due to their direct impact on the demand for efficient management of built environment, urban development and infrastructure development are major drivers of the market. As cities expand to accommodate growing populations, urban development leads to an increase in construction activity. This will lead to the construction of new commercial buildings, residential developments, industry facilities, and infrastructure such as transport networks, utilities, and healthcare. The demand for these services is driven by the need to maintain, operate, and optimize these facilities on a continuous basis. A wide variety of establishments, such as office towers and shopping centers, residential highrises, and open spaces are developing rapidly due to increased urbanization. Specialized management and maintenance services are required for each type of facility, with a specific focus on its particular needs. Therefore, industry players are keen to tap into this demand and offer a comprehensive range of services to meet the needs of various urban infrastructure assets. These factors are poised to drive facility management market growth. RESTRAINING FACTORS Inadequate Optimization Practices and Technology May Hinder Market Expansion Limited use of technology is rarely a problem for some major facilities management service providers that have made significant initial investments in the provision of services due to contracts drawn up over many years. Large companies, in order to provide hard and soft services that allow them to offer better and enhanced services, often use innovative technologies such as BIMs (Building Information Models). On the other hand, small and medium sized enterprises in different countries are not adequately implementing the inputs at the initial stage, which is the design stage. This is due to the lack of operational and maintenance practices in a number of SMEs. This results in sustainability related problems for construction facilities, particularly during the transitional phase and after occupancy. Facility Management Market Segmentation Analysis By Offering Analysis In-House Offerings Segment to Dominate Owing to Huge Adoption by Major Organization By offering, the market is classified into in-house and outsourced offerings. The in-house offerings segment is dominating the market in terms of market share and will exhibit the highest CAGR during the forecast period. Major organizations that require a large degree of facility management are increasingly opting for in house offerings to retain the direct control of operations and guarantee alignment with organizational objectives. The outsourcing offerings segment is also witnessing considerable growth. A range of services, such as maintenance, security, cleaning, and others are being offered by these providers for explicit needs. Facilities management companies or service providers often chose these offerings for specific expertise, access to technology, scale, and cost effectiveness. By Service Type Analysis  Hard Services Segment Leads the Market Due to the Development in Infrastructure Sector  By service type, the market is categorized into hard services and soft services. The hard services segment leads the market by capturing a major market share. The segment is projected to exhibit the highest CAGR over the forecast period. The growth is attributed to the expansion of the infrastructure industry globally as these services include mechanical-electrical-plumbing and HVAC maintenance, energy management, asset management, offshore facility management, and other related services. These services are connected to the building's structural components. In addition, as a result of the increasing urbanization across the globe, the rapidly growing building and construction sector is also driving the hard service segment. The soft services segment is anticipated to exhibit significant growth during the forecast period. Soft services are essential for creating a conducive environment for the core activities of a business or institution. They contribute to employee well-being, productivity, and overall operational efficiency. The rise is owing to the increased investments in waste management, energy management, wastewater management, and other green energy sectors. By Industry Vertical Analysis  To know how our report can help streamline your business,  Speak to Analyst   Healthcare Segment to Hold the Highest Market Share Due to its Adoption as a Precautionary Measure By industry vertical, the market is divided into healthcare, business & corporate, manufacturing, government, education, military & defense, construction (real estate), hospitality, and others (IT & telecommunication, BFSI). The healthcare segment is projected to hold a major market share during the forecast period. Facility management is an essential part of the healthcare sector as it ensures that hospitals, clinics, and other health facilities are hygienic, safe, and efficient. The management of heating, ventilation, and air conditioning systems, and compliance with health and safety legislation, the management of medical waste and optimizing space utilization are also part of this process. The construction segment will exhibit substantial growth over the forecast period. Facility management services are being adopted to improve the value and functionality of a building and manage both new constructions and old buildings. These include property maintenance, tenant services, lease management, construction security, and facility improvement. The education segment encompasses the maintenance and management of school campuses, colleges, and universities. The sector records a high demand for facility management services. These include maintaining classrooms, laboratories, libraries, sports facilities, and dormitories and ensuring a safe and conducive learning environment for students and staff. REGIONAL INSIGHTS By region, the market has been studied across North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Asia Pacific Facility Management Market Size, 2023 (USD Billion)   To get more information on the regional analysis of this market,  Request a Free sample   Due to the existence of various organized and unorganized companies in India and China, Asia Pacific is expected to record the largest market share along with generating the maximum revenue. The robust growth is fueled by rapid urbanization, industrialization, and infrastructure development. Key sectors driving the demand for facility management services in Asia Pacific include commercial real estate, manufacturing, healthcare, education, retail, and hospitality. Outsourced services are becoming increasingly popular, particularly in emerging economies such as China, India, and Southeast Asian countries, where companies seek cost-effective solutions and expertise. Increasing Hospitality Industry and Smart City Initiatives in India to Boost Market Growth In addition, significant growth is expected in the Indian market over the forecast period. The development of smart cities in Asia Pacific is driven by an increase in government methods. Furthermore, with the development of smart cities and their increased demand for these services, there is a growing number of large public facilities, such as airports, shopping malls, universities, hospitals, or ports. The rapidly expanding building sector in India, as well as China, is expected to help businesses in the country which is aiding the growth of facility management market share.  To know how our report can help streamline your business,  Speak to Analyst   North America is exhibiting substantial growth as the market is mature and highly diversified, with a significant presence of internal maintenance departments and outsourced service providers. Healthcare, corporate offices, manufacturing, government buildings, education, and hospitality are the main sectors that drive the demand for facilities management services in the region. The market is characterized by a focus on advanced technologies, sustainability initiatives, and stringent regulatory compliance. Europe is having considerable growth as the region has a well-established facility management market, characterized by a mix of in-house departments and outsourced service providers. Industry sectors, such as corporate offices, healthcare, manufacturing, government, education, and hospitality are driving the market expansion in the region. European countries prioritize sustainability, energy efficiency, and compliance with stringent regulations, driving the demand for innovative solutions. Moreover, driven by infrastructure development, urbanization and the growth of sectors such as hospitality, healthcare, retail or real estate, the Middle East & Africa is expanding at a rapid pace. The market for facilities management in the Middle East, characterized by high emphasis on luxury, sustainability and technology driven solutions, is particularly active in Dubai, Abu Dhabi, and Riyadh. In Africa, South Africa, Nigeria, and Kenya are witnessing an increasing demand for facility management services, particularly in sectors such as commercial real estate, healthcare, and government facilities. Rapid urbanization, infrastructure development, and increased demand for commercial and residential premises in South America have led to sustained growth. Real estate development, hospitality, healthcare, and public buildings are the main sectors that contribute to the demand for these services in South America. In particular, in Brazil, Argentina, and Chile, the outsourcing of these services is on the rise. Key Companies in Facility Management Market Upgradation of Services with Technological Advancements Aids Key Players to Expand their Presence The increase in the usage of advanced technologies in facility management services along with the continuous investment to enhance service capabilities are major steps adopted by industry players to increase their market share. These major players are constantly developing their segments and expanding their businesses. These companies are teaming up with businesses majorly involved in technologies such as cloud platform, an easy-to-use system that unites all the technology and applications used to run buildings in one place. LIST OF KEY COMPANIES PROFILED:   Sodexo (France) CBRE Group, Inc. (U.S.) ISS A/S (Denmark) Compass Group (U.K.) Aramark (U.S.) Jones Lang LaSalle IP, Inc. (U.S.) Johnson Controls International plc. (Ireland) Cushman & Wakefield (U.S.) Dussmann Group (Germany) Tenon Group  (India) OCS Group International Limited (U.K.) EFS Facilities Services Group (UAE) Veolia Environment (France) American Facility Services Group (U.S.)  KEY INDUSTRY DEVELOPMENTS:   February 2024 - CBRE Group, Inc. and Arlington Capital Partners acquired J&J Worldwide Services, a company involved in base support operations facilities maintenance for the U.S. federal government from Arlington along with engineering services. March 2023 - ISS entered into a five-year contract to provide integrated facilities services (IFS) to a U.S. based pharmaceutical company with global reach. July 2022 - ABM announced the launch of ABMVantage, with new data-enabled, driver-first Smart Parking platform which was introduced at the International Parking & Mobility Institute Conference & Expo. January 2022 - Aramark, a global company in uniforms and food and facilities management, announced a strategic partnership with PEA (Patient Engagement Advisors), an advance technology platform that associates transition specialists with patients. March 2020 – Cushman & Wakefield acquired Réponse, a design and build contractor in France. The acquisition would strengthen Cushman & Wakefield’s business in France, adding a build capability and in-house design services alongside its existing services, which include capital markets, development, agency, asset services, hospitality, valuation & advisory, and occupier services.  REPORT COVERAGE The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product/service types, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.  To get information on various segments,  share your queries with us    Report Scope & Segmentation     ATTRIBUTE   DETAILS     Study Period   2019-2032     Base Year   2023     Estimated Year   2024     Forecast Period   2024-2032     Historical Period   2019-2022     Growth Rate   CAGR of 8.2% from 2024 to 2032     Unit   Value (USD Billion)                  Segmentation   By Offerings  In-House Outsourced  Single Services Bundled Services    By Service Type  Hard Services  Mechanical, Electrical, Plumbing, and HVAC Maintenance Energy Management Asset Management Offshore Facility Management Others (Fire Protection Systems)   Soft Services  Janitorial and Sanitization Office Support Services Housekeeping Pest Control Security and Guarding Ground Maintenance Others (Parking, Catering)    By Industry Vertical  Healthcare Business & Corporate Manufacturing Government Education Military & Defense Construction (Real Estate) Hospitality Others (IT & Telecommunication, BFSI)  By Region  North America (By Offering, Service Type, Industry Vertical, and Country)  U.S. (By Industry Vertical) Canada (By Industry Vertical) Mexico (By Industry Vertical)   South America (By Offering, Service Type, Industry Vertical, and Country)  Brazil (By Industry Vertical) Argentina (By Industry Vertical) Rest of South America   Europe (By Offering, Service Type, Industry Vertical, and Country)  U.K. (By Industry Vertical) Germany (By Industry Vertical) France (By Industry Vertical) Italy (By Industry Vertical) Spain (By Industry Vertical) Rest of Europe   Middle East & Africa (By Offering, Service Type, Industry Vertical, and Country)  South Africa (By Industry Vertical) GCC (By Industry Vertical) Rest of the Middle East & Africa   Asia Pacific (By Offering, Service Type, Industry Vertical, and Country)  Japan (By Industry Vertical) China (By Industry Vertical) India (By Industry Vertical) Southeast Asia (By Industry Vertical) Rest of Asia Pacific          Stay ahead as Tariffs Reshape Trade. 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Market Research

<p>The Facilities Management Market study provides a comprehensive analysis of the market, focusing on key aspects such as leading companies, product and service categories, and their applications. Additionally, it explores major industry developments and offers valuable insights into emerging market trends. The research also examines various factors that have contributed to the market’s recent growth, delivering a well-rounded perspective on its current dynamics.</p>