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 Chile.
Analysts at Ken Research in their
latest publication “Chile
Facility Management Market Outlook to 2023 – By Soft Services (Housekeeping,
Security, Landscaping and Others); By Hard Services (Electromechanical
Services, Operations and Maintenance Services, Fire Safety and Security
Systems); By Integrated Services; and By End User Sectors (Industrial and
Public Infrastructure, Retail and Commercial, Hospitality and Residential)”
believed that the facility management market in Chile will increase owing
to the rising commercial office supply, increase in hotel room supply and more
number of shopping malls to be completed in next 5 years. This rise is expected
to boost the demand for facility management services in the country owing to
the requirement of both soft and hard services. The market is expected to
register positive double digit CAGR of 14.7% in terms of revenue during the
forecast period 2018-2023.
Key
Findings:-
Increase
in project activities centered on tourism and commercial sector have raised the
demand for both soft and hard facility management services in the country. Moreover,
potential construction and development projects such as the commercial centers
those are under development in the country's capital with a total of 480,000 Sqm
of surface leasable has created opportunities for FM companies.
Rising
number of foreign expatriates in the country has led to growth of the facility
management industry. During the year 2017, a record total of
6,449,993 international tourists visited Chile, showcasing a
13.3% increase from 2016. Argentina remained the most common country
of origin, followed by Brazil.
Hard
facility management services are also gaining traction owing to their increasing
requirements coupled with rise in infrastructure projects. The segment is
expected to grow at a forecasted CAGR of 18.0% during the period 2018-2023.
Smart facility management
is one of the growing trends that have changed the service delivery model of
the facility management companies within Chile as they become more technology driven.
These technologies help a facility management end user to effectively supervise
assets, breakdown reporting, employee details, plan preventive maintenance
schedules, scheduling, inventory, vendor management and procurement and MIS
reports in an effective methodology.
The Commercial as well as Industrial sector in
Chile are some of the major end consumers of the facility management services
in the country. The increase in the total
number of commercial and industrial projects has led to increasing demand for
facility management services in the country. Industrial production in Chile
averaged at 1.82% from 1997 until 2018, which was at a relatively stagnant
level.
A tax modernization project was announced during
August 2018 which included 13 measures to boost the country´s growth and
development. Out of those, one measure is
solely focused towards raising the property values that could benefit from
special VAT credit thus, encouraging both residential and commercial property purchases
within Chile. This has resulted in rising demand for facility management
services (especially soft services) in the country.
Competitive landscape within the
market has evolved with increasing number of domestic and international
companies entering this space. Major
players include JLL, ISS, Colliers, Sodexo, Colliers, Grupo Facility, CBRE,
Aramark and others. Chile launched its 9th five year development plan 2016-2020.
The plan laid special focus on five
sectors including manufacturing, transport and logistics services, tourism,
fisheries and mining. The output of mining and quarrying industry grew by
17.8% from 2016 to 2017, whereas the output of manufacturing industry grew by
12.7% in that period. This indicates that these industries have grown at high
rate therefore, generating demand for facility management services in Chile.
Key Segments Covered:-
Soft Services and Hard
Services
Soft Services
Cleaning
Services
Landscaping
Services
Security
Services
Others (Pantry
Services, Waste Management and Mailroom)
Hard Services
Electromechanical
Services (including HVAC)
Operational
and Maintenance Services
Fire
Safety and Security Systems
Type of Services
Single
Services
Bundled
Services
Integrated
Facility Services
End User Sectors
Industrial
and Public Infrastructure
Retail
& Commercial
Hospitality
Residential
Personnel Type
Outsourced
Personnel
In-House
Personnel
Key Target Audience:-
Facility Management Companies
Real Estate Companies
Foreign investors
Time Period Captured in the Report:-
Historical Period - 2013-2018
Forecast Period - 2018-2023
Companies Covered:-
ISS, Chile
Jones Lang LaSalle (JLL), Chile
Sodexo, Chile
Coldwell Banker Richard Ellis (CBRE), Chile
Colliers, Chile
Grupo Eulen, Chile
Grupo Facility, Chile
All Facility, Chile
Linkes Facility, Chile
Mancorp, Chile
Cushman and Wakefield, Chile
Aramark, Chile
Keywords:-
Chile Facility Management Market
Chile Facility Management Industry
Facility Management Services Chile
Fire Safety And Security Systems Market Chile
Chile Retail Facility Management Market
Chile Facility Management Growth In Hotel
Santiago Facility Management Industry
Chile Upcoming Commercial Projects
Fm Bundled Services In Chile
Fm Bundled Companies In Chile
Linkes Facility Management Market Revenue
Facility Management Vendor Selection Chile
Major Facility Management Companies Chile
Chile Facility Management Market Revenue
Chile Facility Management Market Growth
Facility Management Security Services In Chile
Chile Operations And Maintenance Services Market
For information click on
the below mentioned link:-
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
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