·
Future growth of
India facility management market is expected to be led by growth in real estate,
rising personal disposable incomes of people, preference towards, safe, clean
and secure environment and flourishing hospitality industry
·
The market leader, JLL is expected to
maintain focus on advancing technology and providing new high quality professional services and also its merger
and acquisition strategy to compete with other players in the
industry
Ken
Research announced its latest publication on “India Facility Management Market Forecastto FY’2020 - Driven by Rapid Growth of Commercial Spaces and Advent of Smart
Cities” which provides a comprehensive analysis of the facility management
services in India. The report covers various aspects such as market size of India
facility management market, segmentation on the basis of types of services,
organized/unorganized, major cities, type of contracts, sectors of services
provided and subsectors, SWOT analysis, market share of major players in soft
services market and in hard services market, tender process and several others.
The report is useful for industry
consultants, facility management companies, business owners, real estate
managers and advisors and new players venturing in the market.
The growth in real estate, preference towards safe, clean and secure
environment and flourishing hospitality industry has raised the demand for facility
management services in the country. The
growth in this segment has been largely led by the factors such as growth in
demand from commercial sector with preference towards professionally managed
services.
The India
facility management market has been penetrated with high competition arising from
presence of both international and domestic players in the market. So far, the
market has been concentrated in the terms of revenues, since more than ~% of
the revenues has been accrued to major 3 players namely JLL, CBRE and Cushman
& Wakefield. The revenues of the industry have grown at a CAGR of ~ % from
FY’2010 to FY’2015.
According to the
research report, the revenues from facility management services are projected
to incline at an impressive CAGR of ~% during FY’2016-FY’2020. This revenue
growth is anticipated to post the revenues to USD ~ million by FY’2020 due to
the introduction of innovative and versatile methods of managing a given
facility. The demand is also expected to rise from the tier 2 and tier 3 cities
due to increased business activities in these areas. It is expected that there would be keen
interest in sustainability of resources. Thereby it would be required by the
facility management companies to track building performance related to energy
consumption and sustainability policies. The higher emphasis on energy
management could help change the complete management process and also the life
cycle of the assets utilized.
“In the current scenario, it is highly important to
maintain the excellence in the work. The educational qualification and
technical training of the workers should be ensured before initiating the work.
Also by laying down a proper chain of command with respect to qualification and
expertise of work, keeping an appropriate record of the key performance
indicators, the quality can be ensured” according to the Research Analyst, Ken
Research.
Key
Topics Covered in the Report:
India Facility Management
-
Value Chain
-
Comparative Analysis of Facility Management
Market in India and The US
-
Market Definition and Approach for the Market
Size
-
Market Size by Revenues
-
Market Segmentation by
o
Soft and Hard Services
o
By Major Cities-
Bangalore, Mumbai, Delhi, Chennai, Andhra Pradesh and Others
o
By Contracts-Sub
Contractual and Integrated Facility Management
o
By In House and
Outsourcing
-
India Soft Services Market
o
Market Size by Revenues
-
India Soft Services Market Segmentation by
o
By
Services-Housekeeping, Security, Business Support Services, façade Access
o
By Sector –
Commercial, Residential and Hospitality
o
By Commercial
Organization Size- Large and Small & Medium Enterprises
o
By Commercial Sector-
Retail, Government, Healthcare and Others
o
By Organized and
Unorganized
-
Market Share of Major Players
-
Future Projections
-
India Hard Services Market
o
Market Size by Revenues
-
India Hard Services Market Segmentation by
o
By Services- Electro
Mechanical, Operations and Building Management and Fire Safety
o
By Sector –
Commercial, Residential and Hospitality
o
By Commercial
Organization Size- Large and Small & Medium Enterprises
o
By Commercial Sector-
Retail, Government, Healthcare and Others
o
By Organized and
Unorganized
-
Market Share of Major Players
-
Future Projections
-
Trends and Development
-
SWOT Analysis
-
Tender Process and Recommendations
-
Competition and Market Share
-
Government Role
-
Future Outlook
-
Macro Economic Parameters
Key
Products Mentioned in the Report
Hard
Services
Electromechanical, Fire Safety, Operations and Building Management
Soft
Services
Housekeeping, Security, Business Support Services and Façade
Access
Companies
Covered in the Report
JLL,
CBRE, Cushman & Wakefield, Knight Frank, UDS, AMPS, Avon Facility Management
Services, ISS, BVG, KHFM Hospitality and Facility Management, Servicemax,
Absotherm Facility Management, Duster Total Solution Services, South India
Group of Companies, Property Solutions India Pvt Ltd, George Maintenance Pvt
Ltd, A2z Infra, Aura Facilities Management Services Pvt Ltd, Utility Project
and Services P Ltd, Vikroh Facility Management, Smart Group
Related Reports:
Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
