GURUGRAM, India, April 18, 2019 /PRNewswire/ -- Key Findings
- The industry revenue for soft services is expected to increase at a CAGR of 7.2% during the period FY'2018-FY'2023E, while the industry revenue for hard services will decline at a negative CAGR of 1.8% during the same period.
- Government spending on infrastructure development and increasing demand of commercial office spaces from MNC's and big corporate are likely to be the key focus areas for integrated facility management (IFM) services.
- Trends such as environmental sustainability, sustainable procurement and adoption of technologies such as IOT and artificial intelligence are expected to shape the delivery of services in future.
Growing demand of Integrated Facility Management (IFM) Services: Australia integrated facility management market is at a growing stage and its penetration has been relatively low in the past due to lack of awareness of the benefits of such services amongst end users. However, the growing trend in adopting IFM services can be attributed to greater focus on cost cutting measures and achieving operational efficiency by the end clients. In future it is anticipated that, IFM will contribute major share in facility management industry revenue in Australia in FY'2023E.
Rapid increase in Outsourcing of Public Sector Projects: In future it is anticipated that, outsourcing of public sector projects through PPP will increase the demand for managing critical environment (crude oil, Gas Pipe lines, electricity grids and others) that requires high skills. However, they carry higher profit margins and require a longer tenure of service.
Increase in Commercial Construction: Commercial sector contributed the highest revenue share to the overall facility management industry in Australia in FY'2018. Outsourced Personnel has contributed above 55% in generating revenues in the overall facility management market in FY'2018.
Analysts at Ken Research in their latest publication "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" observed that the facility management market in Australia will grow due to increasing partnerships with major domestic players for specific expertise in the (soft and hard) 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.
Key Segments Covered
By Soft Services and Hard Services
- Soft Services
- Housekeeping (including Cleaning)
- Other (Waste Management, Mail Delivery Services)
- 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
Time Period Captured in the Report:
- Historical Period: FY'2013-FY'2018
- Forecast Period: FY'2019-FY'2023
- Spotless Group
- Programmed Maintenance
- ISS Australia
- JLL Inc.
- Fresh Start Australia
Key Topics Covered in the Report
- Introduction on Australia Facility Management Market
- Business Acquisition Process in Australia Facility Management Market
- Australia Facility Management Market Overview and Genesis
- Australia Facility Management Market Size by Revenue (FY'2013 & FY'2018)
- Australia Soft Facility Management Market Segmentation
- Australia Hard Facility Management Market Segmentation, FY'2013 & FY'2018
- Trends and Developments in the Facility Management Market
- Issues and Challenges in the Facility Management Market
- Vendor Selection Process
- SWOT Analysis of Australia Facility Management Market
- Competitive Landscape in Australia Facility Management Market
- Australia Facility Management Market Future Outlook and Projections, FY'2018-FY'2023E
For more information on the market research report, please refer to below link:
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)
The report covers introduction on Indonesia Facility Management market, business acquisition process, vendor selection process, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.
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)
The report 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.
Oman Facility Management Market Outlook to 2022 – By Soft Services (Housekeeping, Landscape Access and Façade Access, Security, Others) and By Hard Services (HVAC, Electromechanical, Operational and Maintenance, Fire Safety and Security)
The report provides a comprehensive analysis of Facility Management in Oman. The report focuses on overall market size, market segmentation by Types of Services (Single, Bundled and Integrated Services), by Sectors (Commercial, Hospitality, Residential, Industries and other sectors), by In house and Outsourcing services and by Hard and Soft Services. The report also covers the overall trends and developments, Vendor selection process and Competitive landscape. The report concludes with market projections for future for the market described above highlighting the major opportunities and cautions for Oman Facility Management.
The report provides a comprehensive analysis on the facilities management market in Kuwait. The report covers various aspects such as overall size of Kuwait facilities management market size in terms of revenues, Market segmentation of Kuwait facilities management market on the basis of types of services, by integrated, bundled and single services, Business sectors, In-house & outsourcing, trends and growth drivers of the industry, issue & challenges, market share, and future analysis of the industry and segmentation, government regulatory. The report also covers the competitive landscape of the industry, list of upcoming infrastructure projects. The report serves as a benchmark for every new player which is seeking to enter into facilities management market in Kuwait.
The report provides a comprehensive analysis on the facilities management market in Oman. The report covers various aspects including Market Overview, Recent Contracts in Oman Facilities Management Market, Value Chain Analysis for Oman Facilities Management Market, Oman Facilities Management Market Size, Oman Facilities Management Market Segmentation - By Hard Facility Management Services and Soft Facility Management Services, By Integrated Facilities Services, Bundled Services and Single Services, By In-house and Outsourcing, Trends and Developments in Oman Facilities Management Market, SWOT Analysis, Vendor Selection Process, Competitive Landscape, Company Profiles of Major Players and Future Analysis of the Oman Facilities Management along with List of Major Projects in Pipeline.
Ken Research announced its latest publication suggested a rapid growth in Qatar Facilities Management, market majorly driven by expanding real estate and construction industry in the country. The facilities management market of the country has been further explained with details on market share contributed by major service providers in various regions of Qatar. The stakeholders of this report include facilities management service providers, companies involved in research, real estate and infrastructure developers in Qatar and the new entrants and venture capitalists who wish to invest in facilities management market in future.
The report provides a comprehensive analysis on the soft and hard facilities management market in Saudi Arabia. The report covers Market Introduction, list of major real estate projects, Recent Contracts, Value Chain Analysis, Market Size, Market Segmentation - By Hard Facility Management Services and Soft Facility Management Services, By Integrated Facilities Services, Bundled Services and Single Services, By In-house and Outsourcing. The report also provide information on regulatory landscape, trends and developments, issues and challenges, SWOT analysis, vendor selection criteria, competitive landscape, company profiles, future analysis by Segments, list of major projects in pipeline, analyst recommendations. The report serves as a benchmark for every new player which is seeking to enter into facilities management market in Saudi Arabia.
Ken Research announced its latest publication on "Bahrain Facility Management Market Outlook to 2021 - Growth in Retail Sector and Demand for Hard Services to Drive Market Growth" which provides insight on hard and soft facility management market, growth drivers, trends and developments, competition and future analysis. The report also provides market share contributed by major service providers in Bahrain. The stakeholders of this report include Facility management service providers, companies involved in research, real estate and infrastructure developers in Bahrain and the new entrants and venture capitalists who wish to invest in Facility management market in future. Detailed comparative analysis of major Facility Management service providers has also been provided. The future analysis of the overall Bahrain Facility management market has also been discussed along with recommendations from analyst view.
Ankur Gupta, Head Marketing
SOURCE Ken Research