Australian Facility Management Market will be driven by Growth in Commercial Sector and surge in the Number of Infrastructural Projects: Ken Research

Increasing demand for Integrated Facility Management (IFM) services, High-growth in the Construction industry and expansion of commercial sector has driven the growth of facility management services market in Australia.

The report titled “Australia Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services, By Soft (Cleaning, Security and Other services) and Hard Services (Electromechanical, Operations and Maintenance, Fire and Safety), By End User Sectors” by Ken Research suggested that the facility management market in Australia has been growing due to strong presence of domestic firms facilitating subcontracting, increasing awareness amongst the end users of the benefits of such service and adoption of technology to improve the quality of services. The market is expected to register a positive CAGR of 4.0% in terms of revenue during the forecast period FY’2018-FY’2023E.

Dependence on Outsourced Personnel: Outsourced Personnel has contributed above 50% in generating revenues in the overall facility management market in FY’2018. Major companies of the Facility Management industry in Australia rely on outsourcing personnel to cater to the diverse needs of the clients. There has been an increasing trend to outsource personnel especially in commercial, residential and infrastructure sector.

The Commercial sector is a major End consumer of the FM Services: Commercial sector contributed the highest revenue share to the overall facility management industry in Australia in FY’2018. The commercial sector has a major share in the country’s GDP. The growth of office spaces can be justified by population growth, high percentage of population in urban areas, falling unemployment rates and lower interest rates. In addition to this commercial spaces are highly potent to demand of integrated facility management services.

Increasing demand of Integrated Facility Management Services: The primary challenge faced by the facility management industry in Australia is the lack of awareness of Integrated Facility Management Services (IFM) and the benefits that it offers resulting in the low penetration in the market. However, the trend is changing and clients are becoming more inclined towards IFM services as they are cost efficient and improve operational efficiency. In future, it is anticipated that IFM services will contribute ~50.0% share in generating revenues for the facility management industry by FY’2023.

Keywords:-

Australia Facility Management Market

Australia Facility Management Industry

Australia Facility Management Revenue

Australia Soft Services Market

Australia Housekeeping Services Market

Australia Security Services Market

Australia Landscaping Services Market

Australia Hard Services Market

Australia Electromechanical Services

Soft Services Market Melbourne

Hard Services Market Melbourne

Facility Management Market ANZ

Facility Management Services Sumatra

Residential Facility Services Australia

Commercial Facility Services Australia

Industrial Facility Services Australia

Australia Infrastructural Projects

Australia Residential Projects

Australia Commercial Projects

Single Services Facility Market Australia

Australia Integrated Facility Market

Australia Single Services Facility Industry

ISS Facility Services Market Share

Spotless group Services Market Share

Key Segments Covered:-

By Soft Services and Hard Services

Soft Services

Cleaning services

Security Services

Others

Hard Services

Electromechanical Services (including HVAC)

Operational and Maintenance Services

Fire Safety and Security Systems

By Type of Services

Single Services

Bundled Services

Integrated Facility Services

By End User Sectors

Commercial sector

Residential sector

Retail Sector

Industrial sector

Hospital Sector

Infrastructure and others

Key Target Audience:-

Facility Management Companies

Real Estate Construction Companies

Hospitality Sector

Time Period Captured in the Report:-

Historical Period: 2013-2018

Forecast Period: 2018-2023

Companies Covered:-

Spotless Group

Programmed Maintenance

Serco

Broadspectrum

ISS Australia

Sodexo

BGIS

JLL Inc.

GJK

Fresh Start Australia

For more information, refer to below link:-

Australia Facility Management Market

Related Reports:-

Indonesia Facility Management Market Outlook To 2023 - By Single, Bundled And Integrated Services; By Soft Services (Housekeeping, Security, Landscaping And Others ) And Hard Services (Electromechanical Services, Operations And Maintenance Services, Fire Safety And Security Systems), By End User Sectors (Industrial, Commercial, Residential, Infrastructure And Others)

Philippines Facility Management Market Outlook To 2022 - By Soft And Hard Facility Management Services; By Single Services, Bundled Services And Integrated Services And By Sectors (Commercial, Residential, Healthcare, Industrial And Infrastructure)

Oman Facility Management Market Outlook to 2022 – By Soft Services (Housekeeping, Landscape Access and Façade Access, Security, Others) and By Hard Services (HVAC, Electromechanical, Operational and Maintenance, Fire Safety and Security)

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