Home Office Cleaning Services Mumbai - Karmaz | Facility Management Services Market in India 2016-2020
666
post-template-default,single,single-post,postid-666,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-9.2,wpb-js-composer js-comp-ver-4.11.2.1,vc_responsive
 

Facility Management Services Market in India 2016-2020

Facility Management Services Market in India 2016-2020

This industry research report identifies Avon FMS, CBRE, Cushman & Wakefield, Jones Lang LaSalle Meghraj, Knight Facilities Management, and UDS as the key vendors in the facility management services market in India. This industry research report also presents a competitive analysis of the market by services (soft services and hard services), and by end-users (IT/ITES/BPO/BFSI, manufacturing, retail, healthcare, infrastructure, government, and education).

Overview of the facility management services market in India

Market research analysts at Technavio have predicted that the facility management services market in India will grow steadily during the next four years and post a CAGR of more than 17% by 2020. This market research analysis identifies the growth of the real estate and property management market as one of the primary growth factors for this market. The real estate sector is the second largest sector in the country in terms of employment prospects and is one of the major contributors to the country’s GDP. Large corporate firms and MNCs will be the major contributors to the real estate sector. The forecast period will witness an increase in the construction of residential and commercial buildings including hotels, offices, shopping malls, and hospitals. This will lead to the growth of the real estate segment and will provide immense growth potential for property management companies who deliver integrated FM services such as housekeeping, security, cleaning, hospitality, and civil engineering services.

One of the major trends that will gain traction in the market is the growing transition toward global and regional procurement. Several companies around the world have already started preferring a global or regional model for outsourcing to save operational costs and also to ensure quality control through standardization. End-user industries will start outsourcing facilities management to a single vendor for centralizing their facility management services across different locations and as a result, small companies will find it difficult to survive the market.

Competitive landscape and key vendors

Due to the presence of a considerable number of facilities management companies, the market appears to be highly fragmented and unorganized. The market is characterized by the prevalence of sub-contractual agreements between vendors and client industries. The market is currently dominated by small and medium-sized unorganized players who have a limited number of clients and services. These vendors offer low-cost operating models that offer one or two services to end-user industries. The entry of international facilities maintenance companies poses a stiff challenge to these domestic players and the competitive environment in the market will intensify further.

The leading vendors in the market are –

  • Avon FMS
  • CBRE
  • Cushman & Wakefield
  • Jones Lang LaSalle Meghraj
  • Knight Facilities Management
  • UDS

The other prominent vendors in the market are Atkins, Impressions Services, ISS, Nouvel, and Sodexo.

Segmentation by services and analysis of the facility management services market in India

  • Soft services
  • Hard services

The soft services segment includes non-core business support functions that are outsourced to facility management services vendors and involves services such as maintenance, security, housekeeping of the workplace and surroundings. According to this market research and analysis, this market segment will show an impressive growth by the end of 2020 and will dominate the market throughout the next four years.

Segmentation by end-users and analysis of the facility management services market in India

  • IT/ITES/BPO/BFSI
  • Manufacturing
  • Retail
  • Healthcare
  • Infrastructure
  • Government
  • Education

This market study estimates that, the IT/ITES/BPO/BFSI segment will be the major contributor to the facility management services market in India throughout the forecast period. Facility management services in this segment involves various hard services such as electromechanical, HVAC, and mechanical maintenance as well as soft services like housekeeping, handyman, support, security. The growth of the banking industry that includes public, private, foreign, rural, and co-operative banks and the development of the insurance sector will fuel market growth.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the facility management services market in India?
  • What are the key market trends impacting the growth of the facility management services market in India?
  • What are the challenges to market growth?
  • Who are the key vendors in the facility management services market in India?
  • What are the market opportunities and threats faced by the vendors in the facility management services market in India?
  • Trending factors influencing the market shares of India.
  • What are the key outcomes of the five forces analysis of the facility management services market in India?

Technavio also offers customization on reports based on specific client requirement.

  • Remote Health Delivery Market in India 2016-2020
  • Smart Classroom Market in India 2016-2020
  • Global Energy Management Systems Market 2016-2020

Facility management (FM) services are primarily segmented into hard and soft services. The key purpose to implement the facility management services is to ascertain that all the actions and processes of a facility is appropriate and are functional without any issues.  The growing requirement to ensure effective utilization of energy and manpower in commercial and residential sectors in the India have boosted the entry of several FM service providers. These services providers are constantly integrating various services into a single solution for the end-users as per the customization requirements.

The report, facility management services market in India, is part of Technavio’s industrial automation research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as automation and robotics. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

Read less

Overview of the facility management services market in India

Market research analysts at Technavio have predicted that the facility management services market in India will grow steadily during the next four years and post a CAGR of more than 17% by 2020. This market research analysis identifies the growth of the real estate and property management market as one of the primary growth factors for this market. The real estate sector is the second largest sector in the country in terms of employment prospects and is one of the major contributors to the country’s GDP. Large corporate firms and MNCs will be the major contributors to the real estate sector.

Source: https://www.technavio.com

No Comments

Post A Comment