Asia Pacific Facility Management Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Facility Management Market is estimated to reach USD 883.24 billion by 2033 with a CAGR of 5.71%.
The report includes an in-depth analysis of the Asia Pacific Facility Management Market, including market size and trends, product mix, applications, and supplier analysis. The coordination of people, procedures, and systems to guarantee the efficiency, safety, comfort, and functioning of buildings and the infrastructure that supports them is known as facility management. In order to support the organization's major operations, this entails overseeing maintenance, security, cleaning, catering, garbage disposal, and other services. In almost every industry, facility management is utilised extensively to oversee a wide range of buildings and facilities, including government, office, industrial, healthcare, and educational facilities. By taking care of things like adequate lighting, climate control, and ergonomic workstations, facility management contributes to the creation of a secure and comfortable workplace for staff members. In addition to lowering the chance of accidents, a well-maintained building fosters productive teamwork and efficiency.
- February 2024: In order to link Asian clients in Singapore with Australian real estate, the Chicago-based real estate company JLL established a sales platform in Singapore. The business offers clients advice on buying premium residential real estate in Australia's major cities in markets including Singapore, China, Hong Kong, and Malaysia.
- September 2023: At BEX Asia 2023, CPG Corporation and Nanyang Polytechnic announced their partnership. Working with educational institutions like NYP enables CPG to improve their strategy for tackling future sustainability challenges through experimentation, and their previous partnership with NYP gave the students information and insights on encouraging environmentally friendly practices in the industry, like reducing embodied carbon through better use of building materials.
Market Opportunities and Challenges
Opportunities- As a result of the growth in internet penetration, IoT applications, and smart device adoption, there is a growing demand for cloud-based solutions worldwide. The FM sector offers organisations adaptable solutions that are simple to use and require less upkeep. This contributes to the expansion of the facilities management sector. The culture of organisations is changing quickly as a result of globalisation. Businesses are broadening the scope of their operations and workplace cultures. Innovation and technological progress have an impact on workplace culture. The organisational culture and work style are being driven by the demand for flexible scheduling, decentralisation of power, and work from home options. Changes in organisational culture and work style therefore contribute to the expansion of the FM business.
Challenges- Businesses and organisations in the Asia Pacific area are still not fully aware of the advantages of facilities management services. Because businesses could not understand the benefits of outsourcing these services, this could limit the growth of the facility management industry. When corporations and organisations are thinking about outsourcing facilities management services, cost is the main consideration. The development of security problems and network safety are also impeding the growth of businesses. As the threat from cybercrime groups increases and security breaches take place, confidence has been damaged and market growth has halted in this area. Additionally, the government sector in this area asked construction management projects to sign longer-term contracts. This could be a major obstacle for sportsmen looking for long-term deals.
Market Competitive Landscape
The Asia Pacific Facility Management Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Aden Group, Aeon Delight Co. Ltd (Aeon Co. Ltd), Group Atalian, Broadspectrum (Ventia) management-market, CBRE, C&W Facility Services Inc., Commercial Building Maintenance Corp., Jones Lang LaSalle IP Inc., Nippon Kanzai Co. Ltd, Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Offerings, By End User |
| Regions covered | Australia, China, India, Japan, South Korea, Rest of Asia-Pacific |
| Companies Covered | Aden Group, Aeon Delight Co. Ltd (Aeon Co. Ltd), Group Atalian, Broadspectrum (Ventia) management-market, CBRE, C&W Facility Services Inc., Commercial Building Maintenance Corp., Jones Lang LaSalle IP Inc., Nippon Kanzai Co. Ltd, Others. |
COVID-19 Impact on Asia Pacific Facility Management Market
Since the lockdown has reduced carbon emissions, COVID-19 has both positive and negative market effects. The short-term benefit of COVID-19 is the decrease in emissions. Nevertheless, carbon emissions will increase significantly as businesses and industries try to recover some of their financial losses in the first quarter of the year. Recycling initiatives in the Asia-Pacific region were negatively impacted by COVID-19. In order to concentrate on collecting more household waste or because the virus has disrupted services, countries have reduced or stopped recycling programs. Mandatory social distance and ongoing personal care through sanitisation to eliminate even the smallest risk of COVID-19 dissemination are also predicted to boost workplace health and safety as sectors gradually return to normalcy after the COVID-19 epidemic.
Key Target Audience:
- Commercial Real Estate Owners and Operators
- Corporate Offices and Business Parks
- Healthcare Facilities
- Educational Institutions
- Manufacturing and Industrial Plants
- Government and Municipal Bodies
- Retail and Shopping Centres
- Hospitality and Entertainment Venues
- Logistics and Warehousing Providers
- Residential Complexes and Gated Communities
Our in-depth analysis of the Asia Pacific Facility Management Market includes the following segments:
| By Type of Facility Management Type: | In-house Facility Management Outsourced Facility ManagementIntegrated Facility Management (IFM)Others |
| By Offerings: | Hard Facility Management Soft Facility Management |
| By End User: | Commercial Institutional Public/Infrastructure Industrial Others |
Key Topics Covered in the Report:
- Asia Pacific Facility Management Market Size (FY’2024-FY’2033)
- Overview of Asia Pacific Facility Management Market
- Segmentation of Asia Pacific Facility Management Market by Type of Facility Management Type (In-house Facility Management, Outsourced Facility Management, Integrated Facility Management (IFM), Others)
- Segmentation of Asia Pacific Facility Management Market by Offerings (Hard Facility Management, Soft Facility Management)
- Segmentation of Asia Pacific Facility Management Market by End User (Commercial Institutional, Public/Infrastructure, Industrial, Others)
- Statistical Snap of Asia Pacific Facility Management Market
- Expansion Analysis of Asia Pacific Facility Management Market
- Problems and Obstacles in Asia Pacific Facility Management Market
- Competitive Landscape Asia Pacific Facility Management Market
- Impact of COVID-19 and Demonetization Asia Pacific Facility Management Market
- Details on Current Investment in Asia Pacific Facility Management Market
- Competitive Analysis of Asia Pacific Facility Management Market
- Prominent Players in the Asia Pacific Facility Management Market
- SWOT Analysis of Asia Pacific Facility Management Market
- Asia Pacific Facility Management Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Asia Pacific Facility Management Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Asia Pacific Facility Management Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Facility Management Market
7. Asia Pacific Facility Management Market, By Type of Facility Management Type (USD Million) 2020-2033
7.1. Asia Pacific Facility Management Market Size, Share and Forecast, By Type of Facility Management Type, 2020-2026
7.2. Asia Pacific Facility Management Market Size, Share and Forecast, By Type of Facility Management Type, 2027-2033
7.3. In-house Facility Management
7.4. Outsourced Facility Management
7.5. Integrated Facility Management (IFM)
7.6. Others
8. Asia Pacific Facility Management Market, By Offerings (USD Million) 2020-2033
8.1. Asia Pacific Facility Management Market Size, Share and Forecast, By Offerings, 2020-2026
8.2. Asia Pacific Facility Management Market Size, Share and Forecast, By Offerings, 2027-2033
8.3. Hard Facility Management
8.4. Soft Facility Management
9. Asia Pacific Facility Management Market, By End User (USD Million) 2020-2033
9.1. Asia Pacific Facility Management Market Size, Share and Forecast, By End User, 2020-2026
9.2. Asia Pacific Facility Management Market Size, Share and Forecast, By End User, 2027-2033
9.3. Commercial
9.4. Institutional
9.5. Public/Infrastructure
9.6. Industrial
9.7. Others
10. Asia Pacific Facility Management Market Forecast, 2020-2033 (USD Million)
10.1. Asia Pacific Facility Management Market Size and Market Share
11. Asia Pacific Facility Management Market, By Region, 2020-2033 (USD Million)
11.1. Asia Pacific Facility Management Market Size and Market Share By Region (2020-2026)
11.2. Asia Pacific Facility Management Market Size and Market Share By Region (2027-2033)
11.3. Asia-Pacific
11.3.1. Australia
11.3.2. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
12. Company Profile
12.1. Aden Group
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Aeon Delight Co. Ltd (Aeon Co. Ltd)
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Group Atalian
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Broadspectrum (Ventia) management-market
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. CBRE
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. C&W Facility Services Inc.
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Commercial Building Maintenance Corp.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Jones Lang LaSalle IP Inc.
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Nippon Kanzai Co. Ltd
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links