Driven by the rapid FM development in developing markets and offset by low growth in mature markets, growth in the Asia-Pacific facility management (FM) market is stable. The growing outsourcing culture, supported by the continuous expansion of asset base and 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 efficiencies and increasing familiarity with information technology (IT) have resulted in a greater demand for high-value, sophisticated FM value propositions.

This research service breaks down the 2021 FM market in 10 APAC countries: Australia, Indonesia, Japan, Malaysia, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam. In each country, the breakdown includes outsourced versus in-house FM. For outsourced FM, further breakdown is provided for IFM versus non-IFM, services (M&E, cleaning, catering, pest control, security, office support services, energy management, property management, environmental management, and others), and end-user sectors (commercial office, retail, healthcare, education, public infrastructure, industrial, energy, and others). Forecast from 2022 to 2027 is provided for each country.

Author: Janice Wung