Asia-Pacific Facility Management (FM) Growth Opportunities

Asia-Pacific Facility Management (FM) Growth Opportunities

Partnerships for Technology Strategy are Essential in Capturing New FM Prospects as Economy Recovers

RELEASE DATE
29-Apr-2022
REGION
Asia Pacific
Research Code: PCB5-01-00-00-00
SKU: EN01316-AP-MT_26506
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Description

Growth in the Asia-Pacific Facility Management (FM) market is stable, driven by the rapid FM development in developing markets and offset by
low growth in mature markets. The increase in outsourcing culture, supported by the continuous expansion of the asset base with new construction, contributes to a higher penetrable FM market base. Constantly evolving customer needs (in the ongoing pandemic, for example) change market prospects and impact the overall FM demand. Further, the growing need for cost and energy efficiency and increasing familiarity with Information Technology (IT) have resulted in a greater demand for high-value, sophisticated FM value propositions.

However, the high preference for in-house FM among conservative end users affects the market. Manpower constraint is another cause for concern in this labor-intensive market. In mature markets, the availability of only a limited penetrable base restricts growth opportunities to
contract renewals; first-time outsourcing clients are hard to come by. The lack of regulations and guidelines related to building services, particularly in developing markets, has resulted in an expectation gap between service providers and clients. In addition, the unwillingness to innovate among conservative end users is resulting in market stagnation.

Outsourcing rates across countries vary significantly depending on market maturity and end-user profiles. Before the pandemic, the market enjoyed strong outsourcing growth, owing to the large penetrable asset base and continuous construction activities, particularly in developing economies.

In the future, the high preference for single or bundled services will continue to drive overall outsourcing engagements. The large penetrable market in Asia-Pacific still presents lucrative opportunities for domestic and global FM providers.
This study analyzes the Asia-Pacific FM market, covering market drivers, restraints, forecasts, trends, and the competitive landscape of the overall market. The study also provides country analysis for the 10 countries from 2019 to 2027, with 2021 being the base year. This study also identifies
4 key growth opportunities.

Author: Janice Wung

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Facility Management

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Market Segmentation

Market Segmentation by End Users

Key Competitors

Key Competitors (continued)

Key Competitors (continued)

Key Growth Metrics

Growth Drivers

Growth Drivers (continued)

Growth Restraints

Growth Restraints (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Service Type

Revenue Forecast Analysis by Service Type

COVID-19 Pandemic—Impacts and Risks by Service Type

Revenue Forecast by End User

Revenue Forecast Analysis by End User

COVID-19 Pandemic—Impacts and Risks by End User

Revenue Forecast by Region

Revenue Forecast Analysis by Region

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Revenue Share

Revenue Share (continued)

Revenue Share Analysis

Overview of FM Participants

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Overview of FM Participants

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Overview of FM Participants

Overview of FM Participants (continued)

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Overview of FM Participants

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Overview of FM Participants

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Overview of FM Participants

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Overview of FM Participants

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Competitive Environment (continued)

Overview of FM Participants

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Overview of FM Participants

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Overview of FM Participants

Key Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by Service Type

Revenue Forecast and Analysis by End User

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Overview of FM Participants

Growth Opportunity 1: Market Collaboration and Consolidation for Leveraging Knowledge and Experience

Growth Opportunity 1: Market Collaboration and Consolidation for Leveraging Knowledge and Experience (continued)

Growth Opportunity 2: Data Analytics for Improving Maintenance and Reducing Costs

Growth Opportunity 2: Data Analytics for Improving Maintenance and Reducing Costs (continued)

Growth Opportunity 3: Energy Management for Optimizing Cost and Comply With Building Standards

Growth Opportunity 3: Energy Management for Optimizing Cost and Complying With Building Standards (continued)

Growth Opportunity 4: Technology-supported Solutions for Capturing End-user Needs in Sophisticated Building Systems

Growth Opportunity 4: Technology-supported Solutions for Capturing End User Needs in Sophisticated Building Systems (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

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Related Research
Growth in the Asia-Pacific Facility Management (FM) market is stable, driven by the rapid FM development in developing markets and offset by low growth in mature markets. The increase in outsourcing culture, supported by the continuous expansion of the asset base with new construction, contributes to a higher penetrable FM market base. Constantly evolving customer needs (in the ongoing pandemic, for example) change market prospects and impact the overall FM demand. Further, the growing need for cost and energy efficiency and increasing familiarity with Information Technology (IT) have resulted in a greater demand for high-value, sophisticated FM value propositions. However, the high preference for in-house FM among conservative end users affects the market. Manpower constraint is another cause for concern in this labor-intensive market. In mature markets, the availability of only a limited penetrable base restricts growth opportunities to contract renewals; first-time outsourcing clients are hard to come by. The lack of regulations and guidelines related to building services, particularly in developing markets, has resulted in an expectation gap between service providers and clients. In addition, the unwillingness to innovate among conservative end users is resulting in market stagnation. Outsourcing rates across countries vary significantly depending on market maturity and end-user profiles. Before the pandemic, the market enjoyed strong outsourcing growth, owing to the large penetrable asset base and continuous construction activities, particularly in developing economies. In the future, the high preference for single or bundled services will continue to drive overall outsourcing engagements. The large penetrable market in Asia-Pacific still presents lucrative opportunities for domestic and global FM providers. This study analyzes the Asia-Pacific FM market, covering market drivers, restraints, forecasts, trends, and the competitive landscape of the overall market. The study also provides country analysis for the 10 countries from 2019 to 2027, with 2021 being the base year. This study also identifies 4 key growth opportunities. Author: Janice Wung
More Information
Author Janice Wung
Industries Environment
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Is Prebook No
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WIP Number PCB5-01-00-00-00