China Facility Management Growth Opportunities
China Facility Management Growth Opportunities
Sustainability Innovation Culture and Technologies to Support Facility Management Value Proposition
27-Jul-2022
Asia Pacific
Market Research
Description
The Chinese facility management (FM) market is at a fast-growing stage, owing to the slower start than other Asia-Pacific developing markets. It has been enjoying double-digit growth since before COVID-19. The rapidly increasing outsourcing culture in the country has driven FM market development, supported by a large and still expanding asset base. In recent years, the evolving FM needs with the acceptance of IT among end users have benefited FM progression, supported a wide range of FM outsourcing, and included more value-added services. The fast-evolving needs, including ones from the country’s agenda, such as green development and energy efficiency, are primary domestic FM market growth drivers.
However, the highly fragmented market and fierce competition among local and foreign service providers have been detrimental to faster FM development. The mismatched expectations among end users and service providers due to changes in FM needs unfolding briskly and fewer skilled FM personnel in the country restrained further market growth. In addition, the inadequate availability of human resources, absence of centralized body for guidance, and a substantial portion of conservative end users challenge market growth.
The increasing outsourcing rate reflects the untapped market, where first-time outsourcing opportunities are still plentiful. During the pandemic, growth remained positive, albeit on the lower side. It is primarily due to the short span of time when businesses were affected during the COVID-19 fighting period in 2020. The high sanitization demand filled the gaps contributed by the postponement of other FM service deliveries. Returning to in-house management trend observed in other Asia-Pacific country markets during the pandemic was not witnessed in China.
This research service analyzes the Chinese FM market, covering market drivers, restraints, forecasts, trends, and the competitive landscape of the overall market. It provides country analysis for the 5 end-user sectors and identifies 4 growth opportunities. The base year is 2021, and the study addresses the period from 2019 to 2027.
Author: Janice Wung
RESEARCH: INFOGRAPHIC
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Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Facility Management
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Segmentation (continued)
Key Competitors
Top 5 Global Economic Highlights of 2021
Top 5 Global Economic Predictions for 2022
Global GDP Growth
2022 Scenario Analysis—Quarterly Global Growth
2022 Scenario Analysis—Assumptions
2022 Global GDP Growth Snapshot
Advanced Economies—Predictions for 2022
Emerging Market Economies—Predictions for 2022
Top 5 Global Predictions for 2022—Macroeconomic Policies and Developments
2022 Growth Opportunities—Top 3 Opportunities by Region
2022 Regional Trends—Risks and Policy Direction
Gross Domestic Product
Price and Inflation Trends
Foreign Investments
Wage Indicators
Construction
China’s 14th Five-year Plan
Impact of COVID-19
Growth Metrics
Growth Drivers
Growth Drivers (continued)
Growth Restraints
Growth Restraints (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Analysis
Revenue Forecast by FM Type
Revenue Forecast Analysis by FM Type
Revenue Forecast by Service Type
Revenue Forecast Analysis by Service Type
Revenue Forecast Analysis by Service Type (continued)
Revenue Forecast Analysis by Service Type (continued)
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,
Outsourced FM Trend
FM Market by Region
Competitive Environment
Competitive Environment (continued)
Competitive Environment (continued)
FM Supplier Capability Matrix by Service Type
FM Supplier Capability Matrix by Service Type (continued)
FM Supplier Capability Matrix by Service Type (continued)
FM Supplier Capability Matrix by End User
FM Supplier Capability Matrix by End User (continued)
Growth Metrics
Revenue Forecast and Analysis
Revenue Forecast and Analysis by FM Type
Revenue Forecast and Analysis by End-user Subsector
Growth Metrics
Revenue Forecast and Analysis
Revenue Forecast and Analysis by FM Type
Revenue Forecast and Analysis by End-user Subsector
Growth Metrics
Revenue Forecast and Analysis
Revenue Forecast and Analysis by FM Type
Revenue Forecast and Analysis by End-user Subsector
Growth Metrics
Revenue Forecast and Analysis
Revenue Forecast and Analysis by FM Type
Revenue Forecast and Analysis by End-user Subsector
Growth Metrics
Revenue Forecast and Analysis
Revenue Forecast and Analysis by FM Type
Growth Opportunity 1: M&A Opportunities
Growth Opportunity 1: M&A Opportunities (continued)
Growth Opportunity 2: Technology-led Solutions
Growth Opportunity 2: Technology-led Solutions (continued)
Growth Opportunity 3: Energy Management
Growth Opportunity 3: Energy Management (continued)
Growth Opportunity 4: Workplace and Occupant Experience Optimization
Growth Opportunity 4: Workplace and Occupant Experience Optimization (continued)
Chinese Names of Mentioned Market Participants
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
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Deliverable Type | Market Research |
---|---|
Author | Janice Wung |
Industries | Environment |
No Index | No |
Is Prebook | No |
Podcast | No |
WIP Number | PD48-01-00-00-00 |