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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
08-Dec-2023
South Asia, Middle East & North Africa
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
Popular Topics
| 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 |