Analysts at Ken Research in their
latest publication “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)” believe that focus on catering to the needs
of different clients, educating the clients on task based and performance based
contracts, focus on provision of hard services, partnering with smaller players
for specific expertise and increasing corporate social responsibility
activities will aid the providers of facility management services in
Philippines to grow and achieve higher sales.
High-growth in the business process outsourcing (BPO) industry in the
country, increasing number of multinational companies and expanding
manufacturing sector in the country has driven the growth of facility
management services market in Philippines.
Philippines
Facility Management market is still relatively nascent in the country and is in
its initial growth stage. The people in the country do not usually outsource
their facility management needs to FM firms and fulfill their service demand
through internal labour or by contacting the OEM of the equipment for servicing
for hard services. The market has witnessed a growth during the review period. Soft
services dominated the market of facility management in Philippines as compared
to hard services owing to development in sectors such as real estate,
commercial and residential owing to Build, Build, Build program has amplified
the demand for soft services in the country owing to rise in need for cleaning
and security services. Single or bundled services are generally preferred by
local businesses in the country while multinational clients in Philippines
prefer IFM because it is more cost efficient. Also, commercial sector was the
biggest end user for the facility management industry in Philippines.
The growth in
the facility management market in Philippines was supported by the growth in
demand for commercial space by multinational companies, especially in the BPO and
services industry, along with factors like improved healthcare and increasing
building efficiency in some areas in the country. The customers in the
market are highly price sensitive and lack awareness about the importance of
facility management services which has resulted in low penetration. The Integrated Facility management market is
relatively nascent in the country and its penetration is low due to preference
for single and bundled services by most end users, especially local companies.
However, as the number of MNCs increase in the country, the demand for IFM is
also expected to increase.
Key Segments Covered
By Soft Services and Hard Services
·
Soft Services
·
Hard Services
By Single Services, Bundled Services and
Integrated Services
·
Single
Services
·
Bundled
Services
·
Integrated
Facility Services
By Sectors
·
Commercial
sector
·
Residential
sector
·
Healthcare
sector
·
Industrial
sector
·
Infrastructure
Philippines Soft Services Facility Management
Market is further Segmented
By Type of Services
·
Cleaning
·
Security
·
Others (Pantry Services, Waste Management,
Landscaping, Courier Services, Reception Services, Mailroom and Other Services)
Philippines Hard Services Facility Management
Market is further Segmented
By Type of Services
·
Electromechanical
Services
·
Operational
and Maintenance Services
·
Fire Safety
and Security Systems
Facility Management Companies:
ISS Facility Services Phils.
Inc., JLL (Philippines) Inc., Sodexo (On-Site Services), Centuary Property
Management Inc., Atalian Global Services, Santos Knight Frank, Philkleen Industries Corporation, Cleanmatic Manpower Services, Mansion Maintenance Co. Inc., Cushman Wakefield, Quess (Philippines) Corp, Paramount Property Management, JEC Philippines
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