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:-
Related
Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
