Competitive Analysis of Singaporean Facilities Management (FM) Market, 2018

Competitive Analysis of Singaporean Facilities Management (FM) Market, 2018

Automation and Digitization Solve Industry Challenges and Lead to Operational Efficiency

RELEASE DATE
10-Jun-2019
REGION
Asia Pacific
Research Code: 9AAF-00-52-00-00
SKU: EN01135-AP-MR_23249

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Description

The Singaporean FM market is well developed with a comprehensive regulatory framework in place to drive the market. The strong outsourcing culture across the country, together with a conducive business environment, encourages both local and foreign service providers to establish their footprint in the country. The mature FM market in Singapore experienced strong consolidation trends. Much of the mergers and acquisitions (M&A) took place on the global level. However, as Singapore is regarded as the headquarter for most regional participants, the M&A impact was most felt in the domestic market than in other SEA markets.

The greater familiarity of information technologies (IT) across most corporations and increasing need to raise operational efficiency lead to consistent FM demand. The market is also driven by strong adoption of sustainability, encouraging FM and integrated solutions market development. Furthermore, the growth in asset base due to construction activity and likelihood to outsource will continue to support future market development. However, budget restrictions and financial pressure, particularly in non-critical FM expenditure, and saturated end-user segments limit the potential market growth and development. Another key restraint for the domestic FM development is the lack of qualified and competent personnel, which is likely to affect the quality of FM services delivered.

Key growth opportunities that are observed in the Singaporean FM market are automation and digitization, real-time analytics, FM in building design or creation, energy management, and demand from emerging or niche segments. FM service providers with long working relationships, strong portfolio, and heavy investment in technology-supported solutions will continue to strive in the Singaporean FM market due to strong outsourcing culture.

This analysis on the competitive landscape of the Singaporean FM market identifies key market participants and provides an in-depth profiling of each key market participant. The study looks into the core segments and market participants’ positioning in each key end-user segment and maps out strategies adopted by each market participant from the aspects of service delivery, end-user focus, internationalization, sustainability, and future trend. This study covers 2018 as the base year.

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what rate?
  • Which are the factors contributing and deterring the market development? How do these factors affect the market?
  • Who are the key market participants in the market, and what are their market positioning?
  • How do competitors operate in the market? What are the strategies taken by each key market participant?
  • How will the structure of the market change with time? Which M&A have the market witnessed recently?

 Author: Janice Wung

Table of Contents

Key Findings

Singaporean FM Market Snapshot—Market Drivers and Restraints

Singapore FM Market Snapshot—Market Overview

Singapore FM Market Snapshot—Market Segmentation

Market Share Assessment

Market Landscape Analysis

Competitive Environment

Key Market Participant Profile

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Key Market Participant Profile (continued)

Merger & Acquisitions

Mergers & Acquisitions (continued)

Mergers & Acquisitions (continued)

Mergers & Acquisitions (continued)

Mergers & Acquisitions (continued)

Mergers & Acquisitions (continued)

Mergers & Acquisitions (continued)

Mergers & Acquisitions (continued)

Mergers & Acquisitions (continued)

Competitive Factors and Assessment

Growth Opportunity 1—Automation and Digitization

Growth Opportunity 2—Real-time Analytics

Growth Opportunity 3—FM in Building Design/Creation

Growth Opportunity 4—Energy Management

Growth Opportunity 5—Demand from Emerging/Niche Segments

Growth Opportunities and Future of FM

Strategic Imperatives for Success and Growth

The Last Word—3 Big Predictions

Legal Disclaimer

List of Exhibits

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
The Singaporean FM market is well developed with a comprehensive regulatory framework in place to drive the market. The strong outsourcing culture across the country, together with a conducive business environment, encourages both local and foreign service providers to establish their footprint in the country. The mature FM market in Singapore experienced strong consolidation trends. Much of the mergers and acquisitions (M&A) took place on the global level. However, as Singapore is regarded as the headquarter for most regional participants, the M&A impact was most felt in the domestic market than in other SEA markets. The greater familiarity of information technologies (IT) across most corporations and increasing need to raise operational efficiency lead to consistent FM demand. The market is also driven by strong adoption of sustainability, encouraging FM and integrated solutions market development. Furthermore, the growth in asset base due to construction activity and likelihood to outsource will continue to support future market development. However, budget restrictions and financial pressure, particularly in non-critical FM expenditure, and saturated end-user segments limit the potential market growth and development. Another key restraint for the domestic FM development is the lack of qualified and competent personnel, which is likely to affect the quality of FM services delivered. Key growth opportunities that are observed in the Singaporean FM market are automation and digitization, real-time analytics, FM in building design or creation, energy management, and demand from emerging or niche segments. FM service providers with long working relationships, strong portfolio, and heavy investment in technology-supported solutions will continue to strive in the Singaporean FM market due to strong outsourcing culture. This analysis on the competitive landscape of the Singaporean FM market identifies key market participants and provides an in-depth profiling of each key market participant. The study looks into the core segments and market participants’ positioning in each key end-user segment and maps out strategies adopted by each market participant from the aspects of service delivery, end-user focus, internationalization, sustainability, and future trend. This study covers 2018 as the base year.--BEGIN PROMO--

Key Issues Addressed

  • Is the market growing? How long will it continue to grow, and at what rate?
  • Which are the factors contributing and deterring the market development? How do these factors affect the market?
  • Who are the key market participants in the market, and what are their market positioning?
  • How do competitors operate in the market? What are the strategies taken by each key market participant?
  • How will the structure of the market change with time? Which M&A have the market witnessed recently?

 Author: Janice Wung

More Information
No Index No
Podcast No
Author Janice Wung
Industries Environment
WIP Number 9AAF-00-52-00-00
Is Prebook No
GPS Codes 9835-A4,9343-A4