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Increasing Acceptance of Outsourcing Non-core Activities and Burgeoning Demand from Commercial and Industrial Clients will Contribute to the Growth of the FM Market in India
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The study aims to analyze and forecast the Indian facilities management (FM) market outlook for FY18-FY23.Professional FM services have now become a necessity for asset owners, as they not only help increase the life span of a building but also help owners meet international health and safety standards. Increased need to reduce operating costs of the facilities and buildings of the end-user segments and increasing demand for energy conservation and optimum usage of building solutions is fueling the growth of the FM market in India. The shortage of skilled manpower for services that require technical expertise is a challenge for the service providers in the market.This industry report on FM services in India offers the most up-to-date market data on the actual market situation by service types (hard and soft services) and by key end user segments (Residential, Commercial, Industrial, Government and Infrastructure, and Educational Institutions. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key companies operating in this market. The research includes market data from FY18 to FY23 that gives the future outlook for the FM services market in India which makes the report an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.
o Hard services include HVAC, Mechanical, Electrical & Plumbing (MEP), Lighting, Energy Management Services, Water/Plumbing, Energy Audits, Safety Audits, etc.
o Soft services include Cleaning, Landscaping, Admin Support, Transport/Fleet Services, Waste Management, Housekeeping, Pantry and Catering, Horticulture and Landscaping, Security, Pest Control, Front Office Support, etc.
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