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Facilities Management (FM) can be defined as the services associated with running or maintaining a facility, such as janitorial, engineering, security, environmental, landscaping, and other related services. Asia-Pacific (APAC) is a mix of mature and developing markets for facilities management services, with developing nations recording higher growth rates in the facilities management market; developed nations are focusing more on renewing existing FM contracts. High construction activities and booming end-user sectors in developing countries, coupled with a growing outsourcing culture and acceptance of higher value integrated facilities management (IFM) propositions among multinational companies (MNCs) and large corporations drive rapid growth in developing countries. In mature markets, continuous IFM demand from contract renewals and upcoming sectors adopting long-term partnerships with IFM providers, are sustaining the market growth and demand. However, with the relatively low awareness among domestic end-users, IFM market opportunities are limited to MNCs and large corporations, and to a certain extent, public sectors. The prevalence of single or bundled services as the preferred option among end-users and service providers is deterring IFM market development. Business opportunities in emerging and developing markets are focused on end-user segments with growing outsourcing culture and scope expansion. In mature markets, growth opportunities are skewed towards long-term relationships and contract renewals. In this study, the key growth opportunities that are identified in the regions covered in the study focus on market creation in developing economies, integrated facilities management, FM in building design or creation, data analytics, and energy management. This analysis on the FM market in ASEAN-6 and Australia observes multiple market trends in each quarter of 2018. The insights in this analysis are derived using extensive secondary research and cover multiple parameters. The analysis covers quarterly 2018 trends in macroeconomic development, new FM contracts, mergers and acquisitions, emerging technologies, and influencing policies. The analysis also provides an overview of the existing markets in the region.The purpose of the analysis is to provide insights into the status quo of the market and recommendations for existing FM companies to help them increase their market presence vertically and horizontally.
Key Issues Addressed
Author: Janice Wung
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