China Facility Management Growth Opportunities

China Facility Management Growth Opportunities

Sustainability Innovation Culture and Technologies to Support Facility Management Value Proposition

RELEASE DATE
27-Jul-2022
REGION
Asia Pacific
Research Code: PD48-01-00-00-00
SKU: EN01331-AP-MT_26754
$4,950.00
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EN01331-AP-MT_26754
$4,950.00
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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

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

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
More Information
Author Janice Wung
Industries Environment
No Index No
Is Prebook No
Podcast No
WIP Number PD48-01-00-00-00