Developing Trends In The Global Facility Management Market Outlook: Ken Research

The global facility management market has proficiently monitored the robust growth throughout the review period; however, the market is still in its growth stage around both industrialized and developing economies. The market is broadly fragmented with the extensive amount of companies performing within the FM industry. The market of the facility management during the recent past was amounted by the soft services but the technological development and increasing the demand for the building the maintenance has concluded in an augmenting for the hard services. Not only has this, the review growth aspects for the industry comprise the boosting real estate market, positive growth in the construction industry, an augmenting number of shopping malls and supermarkets, exploring the hospitality sector and focus at the green building aligned to the Vision 2030, creating the choices for the FM services across Oman.

In addition, the foremost growth in the project activity centered on tourism and the commercial sector has augmented for the soft and hard services in the economy, leading to an effective impression on the facility management market. The growing inflow of foreign emigrants has also positively obstructed the growth of the industry.

Although, the facility management market in Chile was effectively witnessed in its augmenting stage. The market in terms of revenue has augmented at a positive double-digit throughout the forecast duration. This increment was assisted by the efficient increase in the investor's activities, cost control measures, a wider requirement from the several end-user segments, implementation of sustainable practices and technological advances, along with the proficient growth in the requirement for the industrial and commercial segment in the region, wherein the market players catered to the demands of the consumers for both the hard services and soft services. Nonetheless, the efficient increment in the construction industry, due to the government’s schedule with respect to the advancement of the transport infrastructure, energy, and utilities coupled with the reasonable housing and investment in the seaports, special economic zones, and railway lines has influenced the requirement for the facility management services in the region.

Whereas, the market for facility management in Vietnam is at an augmenting stage. The growth of the facility management market in Vietnam was proficiently supported by the greater FDI inflows in the region, public segment outsourcing, measures of the cost controls, the wider requirement for the end-user segments, speedy urbanization and wide technological advances, along with the positive growth in the requirement for the commercial and residential spaces in the region, wherein the market corporates catered to the requirement of the clients for both hard and soft services.

The enlargement in the sectors such as real estate, residential and commercial owing to Build, Build program has advanced the demand for soft services in the respective region owing to the growth in the requirement for cleaning and security services. In addition, the Single services and bundles services effectively contributed more to the facility management market and matched to incorporates facility management services market Single or bundled services are primarily preferred by the local business in the respective economy. Hence, in the near years, it is probable to increase the facility management market growth more significantly around the globe over the coming years.

Related Report:-

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)

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

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Changing Trends In The Facility Management Market Outlook: Ken Research

The industry of the facility management across the developed region has observed a speedy growth during the few years. The market has augmented in millions during the recent past years at an effective CAGR. The positive growth in the infrastructure industry and booming the hospitality segment in the respective region has developed the requirement for the facilities management services in the region. In addition, the growth in the project activity centered on the tourism, construction of resorts, hotel and budget hotel chains in the kingdoms have upstretched the requirement for the soft and hard services in the respective economy. The positive augment in the real estate market in Saudi Arabia has augmented the quantity of residential and commercial units. This has resulted in the growing requirement for the facilities management services particularly housekeeping services.

Not only has this, But the market of facility management can be majorly sectored based on the types of services suggested such as hard services and soft services. Whereas, the hard services registered the market of facilities management in the developed region with an effective percentage in the revenue during the recent past years. The soft services have added an effective percentage share in the terms of revenues during the recent past years. The positive growth in the construction facilities coupled with the fresh green and energy proficient concept in the design of the shopping center, hospitals, airports, and several others has led to develop in the requirement of the HVAC, functions, and maintenance services, electromechanical services, and fire safety and security system further impacting the facility management market more enormously.

Furthermore, based on the integrated services, bundled services, and single services, an integrated service was the largest underwriter in the market with the handsome amount of percentage share in the revenues of the facilities management industry during the recent past years. In Saudi Arabia, the corporates opt for integrated services in order to restrict the complexity by decreasing the number of services merchants, manage the single point of contact and introduce the financial certainty of the consumers. For instance, the single services have underwritten an effective percentage of shares in the revenues of the industry. The bundled services are the least underwriter in the revenues of the industry.

Although, based on the sector, the residential segment was in led with the effective percentage of share in the facility management in terms of revenue generation during the recent past years. In Saudi Arabia, the government’s initiative following the Arab Spring in 20122 announced the schedule of the construction which led to the growth in the residential segment further growing the requirement of the facility management services Market in this segment. The commercial segment has added an effective percentage of shares in the revenues of the industry. Not only has this, but the hospitality segmented also added an effective share of percentage in the revenues of the facility management industry. Several other segments involve logistics, oil and gas, education and several others. Furthermore, the positioning of the foremost players in the facility management industry. Although, the market has been elevated due to the growing awareness and requirement of the facility management market. Therefore, in the coming years, it is anticipated that the market of facility management will increase around the globe over the near future.

Related Reports:-

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)

Vietnam 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 (Commercial, Industrial, Hospitality, Residential, Infrastructure, and Others)

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)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Insights Of The Facility Management Services Market Outlook: Ken Research

Facility Management Market:- The facility management services Market are at an increasing stage across the globe and majorly in the developed regions. The industry revenue has augmented at an effective CAGR during the review duration. This growth was suggested by the greater FDI inflows in the respective region, the public segment outsourcing, cost control determinants, effective requirement from the commercial, industrial and several other segments, greater urbanizations and technological advances, along with growing desires for the residential and commercial locations in the respective the region, wherein the market players outfitted to the requirements of the clients for both soft and hard services. The clients in the market are exceedingly price-sensitive and a shortage of consciousness related to the importance of the facility management services have occasioned in the minor amount of infiltration of these services.

Furthermore, the integrated facility management market is comparatively at an increasing stage in the region and its popularity has positively augmented in the outsourcing of services and an object to attain the cost and operational proficiency, for both the merchants and individuals. The Facility Management Market Growth effectively optimized by both the local corporates and MNCs in the respective region such as Vietnam. Whereas, the local corporates primarily prefer the bundled and single services owing to their insignificant scale of performance additionally, the MNCs prefer integrated facility management (IFM) services in Vietnam.

Although, based on the soft services and hard services, the major regions across the globe predicted to be dominated by the soft services in terms of creating revenue of an effective amount. The improvement in the segments namely robust the requirement for the retail and commercial spaces, real estate, growth in the foreign direct investment and an augment in the commercial activities have bigger the requirement for the soft services in the respective region due to the growth in the requirement for cleaning and security services. On the other hand, the hard services registered the left out share in the entire market of facility management.

However, by the personnel variety, the facility management services market in Vietnam in the recent past years was registered by the services which were delivered through in-house labor to the other corporates in the market. It registered more than the half share in the total revenue in the facility management market, the left share registered by the outsourced personnel. In addition, by the soft services namely housekeeping, security, landscaping and several others, however, the housekeeping services was the greatest underwriter to the soft services industry in the recent past monitored by the landscaping, security services and several other soft services involving the property services, mail delivery services and several other numerous services. The initial growth in the residential, commercial and retail spaces have led to augment in the requirement for the cleaning services in the developed regions.

Based on the future outlook, it is predicted that the industry of facility management revenue will augment at an effective CAGR during the forecast period. The effective growth in the requirement from the multinational consumers is predicted to foster the future requirement for integrated facility management services along with the industrial developments, infrastructure segment being the future penetration segments for the Integrated Facility Management. Nonetheless, effective expansion in the retail, industrial and infrastructure segments’ spending will further growth to the need of the facility management services.

Key Topics Covered in this Report:-

Facility Management Market Research Reports

Facility Management Industry Research Reports

Research Reports on Facility Management

Facility Management Market Analysis

Facility Management Market Future Outlook

Facility Management Market Major Players

Soft and Hard Facility Management Services Market

Facility Management Services Market Revenue

Facility Management Market Growth Rate

Facility Management Market

Facility Management Industry

Facility Management Market Forecast

Facility Management Market in Healthcare

To Know More, Click On The Link Below:-

Related Report:-

Indonesia Facility Management Market Outlook to 2023

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

The facility management market is still relatively nascent and initial growth stage. The market of the facility management market growth was helped by the business outpouring of the multinational corporates, especially in the BPO industry, along with the aspects such as developed healthcare and growing building efficiency in some locations. The integrated facility management dissemination is cheaper owing to the preference for the individual and bundled services by the most end-users, particularly local corporates. However, as the number of MNCs rise in the respective region, the requirement IFM is also predicted to rise.

Based on the market segmentation, the soft services registered the market of the facility management in the Philippines as compared to the hard services in 2017. The improvement in the segments namely real estate, commercial and residential due to Build, Build, Build program has improved the requirement for the soft services in the Philippines country due to the growth in the requirement for cleaning and security services. However, the sector of hard services has a lower share as several organizations tend to link the equipment OEM for servicing, in case equipment demand to be fixed, or several other maintenances is demanded. The single services and bundles services underwritten more to the Facility management market and compared to the integrated facility management services Market.

The Single or bundled services are primarily desired by the local businesses in the region. The local businesses do not yet distinguish the value they can get from the IFM. Not only has this, but the multinational consumers in the Philippines also choose the IFM owing to it is more price proficient. FM corporates have been delivering the soft and hard services to the commercial complexes over the year and the effective augment in this segment have generates the wide potential for the FM corporates. This was followed by the residential segment, healthcare segment, industrial segment and infrastructure in the terms of revenue.

The Facility Management Industry is exceedingly concentrated. ISS Facility Services Phils Inc. is the market frontrunner and has the uppermost market share in the Facility Management market in the Philippines based on the revenue in 2017. This was followed by JLL (Philippines) Inc., Sodexo (On-Site Services), Atalian Global Services, Centuary Property Management Inc., Santos Knight Frank and Mansion Maintenance Company. These market players contend in the FM market in The Philippines based on the Price of services, quality and knowledge of services, track record and previous history within the industry and subdivisions serviced. Corporates are beginning to get more disturbed with the culture of inclusion within the Facility Management Company and the Corporate Social Responsibility activities commenced by them and involve that constraint too in their merchant selection procedure.

Additionally, the future viewpoint of the industry is constructive due to the increasing BPO industry in the Philippines which is anticipated to boom the requirement for both soft and hard Facility Management services. Effective rise in the demand from multinational clients is likely to effectively propel the future requirement for IFM services in the Philippines with commercial office buildings and industrial plants being the coming dissemination segments for IFM services. The growth in construction, tourism and healthcare industries in the across the globe will positively augment the requirement of FM services by these industries. Therefore, in the coming years, it is anticipated that the market of facility management will increase across the globe over the coming decades.

Key Topic Covers in the Report:-

Facility Management Services Market Revenue

Facility Management Market Growth Rate

Facility Management Market

Facility Management Industry

Facility Management Market Growth Forecast

Soft and Hard Facility Management Services Market

Facility Management Market in Healthcare