Philippines Facility Management (FM) Industry Review & Projection: 2012 to 2022

DUBLIN, May 9, 2019 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.

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.

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.

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.

Key Topics Covered

1. Executive Summary
1.1 Market Size and Overview
1.2 Market Segmentation
1.3 Philippines Soft Services Facility Management Market
1.4 Philippines Hard Services Facility Management Market
1.5 Competitive Landscape
1.6 Trends, Developments, Issues and Challenges
1.7 Future Analysis and Projections

2. Research Methodology
2.1. Market Definitions
2.2. Abbreviations
2.3. Market Size and Modeling
2.3.1 Research Methodology
2.3.2 Variables (Dependent and Independent)
2.3.3 Multi Factor Based Sensitivity Model
2.3.4 Limitations
2.3.5 Final Conclusion

3. Philippines Facility Management Market Overview
3.1. Philippines Facility Management Market Overview
3.2. Business Acquisition Process in Philippines Facility Management Market

4. Philippines Facility Management Market Size by Revenue, 2012-2017

5. Philippines Facility Management Market Segmentation, 2017
5.1. By Soft and Hard Facility Management Services, 2017
5.1.1. Soft Services Segmentation (Cleaning, Security and Others), 2017
5.1.2. Hard Services Segmentation (Electromechanical Services, Operation and Maintenance and Fire Safety and Security System), 2017
5.2. By Single Services, Bundled Services and Integrated Services, 2017
5.3. By Sectors (Commercial, Residential, Healthcare, Industrial and Infrastructure), 2017

6. Trends and Developments in the Philippines Facility Management Market
6.1. Growing BPO Industry
6.2. Increasing Number of MNCs
6.3. Expanding Manufacturing Sector
6.4. Focus on Culture of Inclusion and Corporate Social Responsibility

7. Issues and Challenges in the Philippines Facility Management Market
7.1. Bureaucratic Government Departments
7.2. Lack of Focus on Building Efficiency
7.3. Small Size of the Healthcare Sector
7.4. Lack of Understanding of Various FM Contracts and Labour Force Training

8. SWOT Analysis for Philippines Facility Management Market

9. Vendor Selection Process for Philippines Facility Management Market

10. Competitive Landscape For Philippines Facility Management Market, 2017
10.1. Company Profiles of Major Players In Philippines Facility Management Market
10.1.1. ISS Facility Services Phils., Inc.
10.1.2. Sodexo (On-Site Services)
10.1.3. Jones Lang Lasalle (Philippines) Inc.
10.1.4. Century Property Management, Inc.
10.1.5. Santos Knight Frank
10.1.6. Atalian Global Services
10.1.7. Others

11. Philippines Facility Management Market Future Outlook and Projections, 2018-2022
11.1. Philippines Facility Management Market Size, 2018- 2022
11.2. Philippines Facility Management Market Segmentation, 2017-2022
11.2.1. By Soft and Hard Facility Management Services, 2017-2022
11.2.1.1 Soft Services Segmentation (Cleaning, Security and Others), 2017-2022
11.2.1.2 Hard Services Segmentation (Electromechanical Services, Operation and Maintenance and Fire Safety and Security System), 2017-2022
11.2.2. By Single Services, Bundled Services and Integrated Services, 2017-2022
11.2.3. By Sectors (Commercial, Residential, Healthcare, Industrial and Infrastructure), 2017-2022

12. Analyst Recommendations for Philippines Facility Management Market

13. Macro Economic Factors Impacting the Philippines Facility Management Market
13.1. GDP of Philippines, 2012-2022
13.2. Construction Industry in Philippines, 2012-2022
13.3. Healthcare Sector in Philippines, 2012-2022
13.4. BPO Industry in Philippines, 2012-2022

Companies Mentioned

• Atalian Global Services
• Centuary Property Management Inc.
• Cleanmatic Manpower Services
• Cushman Wakefield
• ISS Facility Services Phils. Inc.
• JEC Philippines
• JLL (Philippines) Inc.
• Mansion Maintenance Co. Inc.
• Paramount Property Management
• Philkleen Industries Corporation
• Quess (Philippines) Corp
• Santos Knight Frank
• Sodexo

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