India s Facility Management Growth Opportunities

India s Facility Management Growth Opportunities

Technologies, Business Models, and Service Integration are Focal Points of Facility Management Innovation Culture

RELEASE DATE
08-Dec-2023
REGION
South Asia, Middle East & North Africa
Deliverable Type
Market Research
Research Code: PF41-01-00-00-00
SKU: EN_2023_399
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Description

This Frost & Sullivan report analyzes the Indian FM market, covering market drivers, restraints, forecasts, trends, and the competitive landscape of the overall market. It provides end-user vertical analysis for commercial, institutional, public/infrastructure, industrial, and other sectors. It features a 2020-to-2028 timeframe, with 2022 being the base year, and identifies the four main growth opportunities in the market.

The Indian facility management (FM) market is highly competitive and experiencing rapid development due to a trajectory shift in mindset and needs among end users, particularly with the recent COVID-19 pandemic. Market development was supported by the incremental expansion of the asset base, with the introduction of the Swachh Bharat Mission (SBM), improving awareness and opening possibilities for outsourcing. The high acceptance of IT, with government push in other initiatives, such as Smart Cities, has been key in driving FM market growth.

However, the domestic market is regarded as unorganized and fragmented, with many small participants forming a sizable portion of the market. Preference skews toward single services and increasing concerns about tightening budgets are detrimental to FM market development. The market is also facing a shortage of skilled workforce, particularly in technical expertise, coupled with a lack of standardization of regulatory frameworks in the industry.

The forecasted FM growth will be fueled by a growing acceptance of more sophisticated solutions beyond cleaning and security, further supported by the relatively mature mindset regarding technologies across sectors. The market expects participants’ efforts to capture a bigger market share by offering tech-enabled quality services and expanding their geographical foothold in the domestic market. In the medium term, the market will see market opportunities in growing merger and acquisition (M&A) activities, greater appreciation of technology-led solutions, a rising emphasis on sustainability, and a higher drive for service integration.

Author: Janice Wung

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

Impact of the Top 3 Strategic Imperatives on India’s Facility Management Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Segmentation by End User

Competitors

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—Additional Services

Revenue Forecast Analysis by Service Type—Soft Services

Revenue Forecast Analysis by Service Type—Hard Services

Revenue Forecast by End User

Revenue Forecast Analysis by End User

Revenue Forecast Analysis by End User (continued)

Revenue Forecast Analysis by End User (continued)

FM Market by Region

Outsourced FM Trend

IFM Penetration Trend

Competitive Environment

Notable M&As

FM Supplier Capability Matrix by Service Type

FM Supplier Capability Matrix by End User Sector

Competitive Trends

Market Participant Profile—BVG India

Market Participant Profile—UDS

Market Participant Profile—SIS Limited

Market Participant Profile—Sodexo India

Market Participant Profile—ISS India

Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by End-user Subsector

Revenue Forecast Trend by FM Type

Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by End-user Subsector

Revenue Forecast Trend by FM Type

Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by End-user Subsector

Revenue Forecast Trend by FM Type

Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast and Analysis by End-user Subsector

Revenue Forecast Trend by FM Type

Growth Metrics

Revenue Forecast and Analysis

Revenue Forecast Trend 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: Sustainability

Growth Opportunity 3: Sustainability (continued)

Growth Opportunity 4: Service Integration

Growth Opportunity 4: Service Integration (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

This Frost & Sullivan report analyzes the Indian FM market, covering market drivers, restraints, forecasts, trends, and the competitive landscape of the overall market. It provides end-user vertical analysis for commercial, institutional, public/infrastructure, industrial, and other sectors. It features a 2020-to-2028 timeframe, with 2022 being the base year, and identifies the four main growth opportunities in the market. The Indian facility management (FM) market is highly competitive and experiencing rapid development due to a trajectory shift in mindset and needs among end users, particularly with the recent COVID-19 pandemic. Market development was supported by the incremental expansion of the asset base, with the introduction of the Swachh Bharat Mission (SBM), improving awareness and opening possibilities for outsourcing. The high acceptance of IT, with government push in other initiatives, such as Smart Cities, has been key in driving FM market growth. However, the domestic market is regarded as unorganized and fragmented, with many small participants forming a sizable portion of the market. Preference skews toward single services and increasing concerns about tightening budgets are detrimental to FM market development. The market is also facing a shortage of skilled workforce, particularly in technical expertise, coupled with a lack of standardization of regulatory frameworks in the industry. The forecasted FM growth will be fueled by a growing acceptance of more sophisticated solutions beyond cleaning and security, further supported by the relatively mature mindset regarding technologies across sectors. The market expects participants efforts to capture a bigger market share by offering tech-enabled quality services and expanding their geographical foothold in the domestic market. In the medium term, the market will see market opportunities in growing merger and acquisition (M&A) activities, greater appreciation of technology-led solutions, a rising emphasis on sustainability, and a higher drive for service integration. Author: Janice Wung
More Information
Deliverable Type Market Research
Author Janice Wung
Industries Environment
No Index No
Is Prebook No
Keyword 1 Indian FM Sector
Keyword 2 Facility Management Market Analysis
Keyword 3 Facility Management Services Market
Podcast No
WIP Number PF41-01-00-00-00