The report titled “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)” provides a comprehensive analysis on market size by
revenue (2012-2017), market segmentation by soft and hard facility management
services, by single services, bundled services and integrated services and by
sectors, soft services facility management market segmentation by type of services
(housekeeping, security, landscaping and others), hard services facility
management market segmentation by type of services (electromechanical,
operations and maintenance services, Fire Safety and Security Services), competition
scenario, shares and company profiles of major players in the market, vendor
selection process, trends and developments, issues and challenges in the facility
management market and SWOT analysis of the industry. The report also includes
future outlook for the market (2018-2022) including estimated market size in
terms of revenue and market segmentation by soft and hard facility management
services, by single services, bundled services and integrated services and by
sectors.
The report is useful for facility
management companies, real estate and consulting companies to align their
market centric strategies according to ongoing and expected trends in the
future.
Philippine Facility Management (FM) Market Overview
Market Size:
Philippines Facility Management
market is still relatively nascent in the country and is in its initial growth
stage. Facility management market growth was supported by business surge of
multinational companies, especially in the BPO industry, along with factors
like improved healthcare and increasing building efficiency in some areas in
the country. The Integrated Facility management 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
IFM is also expected to increase.
Market Segmentation:
Soft services dominated the market of
facility management in Philippines as compared to hard services in 2017. The
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. Hard services
segment has low share as many organizations tend to contact the equipment OEM
for servicing, in case equipment needs to be fixed, or other maintenance is
required. Single services and bundles services contributed more to the FM
market and compared to integrated facility management services. Single or
bundled services are generally preferred by local businesses in the country. The
local businesses do not yet perceive the value they can get from IFM. On the
other hand, multinational clients in Philippines prefer IFM because it is more
cost efficient. In 2017, Commercial sector contributed the highest revenue
share to the overall facility management industry. FM companies have been
providing soft and hard services to commercial complexes over the years and the
growth in this sector has created large potential for FM companies. This was
followed by the residential sector, healthcare sector, industrial sector and
infrastructure in terms of revenue.
The soft services facility management
market has been further segmented by type of services. Cleaning services were
the largest contributor to the soft services industry in 2017 followed by
security and other soft services including pantry services, waste management,
landscaping, courier services, reception services, mailroom and other services.
Electromechanical services have
dominated the hard services market in Philippines followed by operational and
maintenance services and fire safety and security systems during 2017 in terms
of revenue. Electromechanical services had the highest share as entities have
to incur expenditure on building temperature control, air conditioning,
electricity etc. Additionally, it is more expensive to fix equipments falling
under this category at the time of maintenance, which makes its revenue share
even higher. Increase in the construction projects have also resulted in
elevated demand of the electromechanical services.
Competitive Landscape
The Philippines Facility Management
market is highly concentrated. ISS Facility Services Phils. Inc. is the market
leader and has the highest market share in the Facility Management market in
Philippines on the basis of 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 compete in the FM market in Philippines on the
basis of Price of services, quality and knowledge of services, track record and
past history within the industry and sectors serviced. Companies are starting
to get more concerned with culture of inclusion within the FM company and the Corporate
Social Responsibility activities undertaken by them and include that parameter
too in their vendor selection process.
Future Outlook
The future outlook of the industry is
positive owing to the growing BPO industry in the Philippines which is expected
to boost the demand for both soft and hard services. Increasing demand from
multinational clients is likely to drive future demand for IFM services in
Philippines with commercial office buildings and industrial plants being the
future penetration sectors for IFM services. The growth in construction,
tourism and healthcare industries in the country will increase the demand of FM
services by these industries. A number of government plans such as the Build,
Build, Build (BBB) Program to accelerate infrastructure spending and develop
industries in the country, increase public spending on infrastructure projects
at PHP 8 to 9 trillion from 2017 to 2022, the Tax Reform for Acceleration and
Inclusion (TRAIN) to fund investments and the Philippine Health Agenda
2016-2022 to achieve successful health system strengthening including focus on
local infrastructure that supports system wide capacity for health workforce
development are expected to further augment the demand for soft and hard FM
services in the future.
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
·
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
Key Target Audience
·
Existing and New Facility Management
Companies
·
Real Estate Consultant Companies
·
Infrastructure Construction Companies
·
Manned Guarding Companies
·
HVAC Service Providers
·
Concierge Services Companies
·
On-Demand Services Companies
·
Façade Access Service Providers
·
Escalator and Elevator Companies
·
Private Equity Ventures
Time Period Captured in the Report:
2012-2017 – Historical Period
2018-2022 – Future Forecast
Companies Covered:
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
Key Topics Covered in the Report
·
Introduction on Philippines Facility Management Market
·
Business Acquisition Process in Philippines Facility Management
Market
·
Market Size by Revenue (2012-2017)
·
Overall Facility Management Market Segmentation by Soft and Hard
Facility Management Services, by Single Services, Bundled Services and
Integrated Services and by Sectors
·
Soft Services Facility Management Market Segmentation by Type of
Services
·
Hard Services Facility Management Market Segmentation by Type of
Services
·
Competition Scenario in the Industry
·
Shares and Company Profiles of Major Players in the Market
·
Vendor Selection Process
·
Trends and Developments in the Facility Management Market
·
Issues and Challenges in the Facility Management Market
·
SWOT Analysis
·
Future Outlook for the Market (2018-2022)
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