South Korea Facility Management Market Introduction and Overview
According to SPER Market Research, the South Korea Facility Management Market is estimated to reach USD 61.97 billion by 2033 with a CAGR of 3.11%.
The report includes an in-depth analysis of the South Korea Facility Management Market , including market size and trends, product mix, applications, and supplier analysis. Facility Management alludes to the complete scope of administrations and answers for proficiently oversee and keep up with actual resources, framework, and offices inside an association. This market includes different coordinated cycles and practices to guarantee the ideal working, maintainability, and security of structures, hardware, and spaces. Facility Management administrations incorporate however are not restricted to upkeep, tasks, space arranging, security, cleaning, and other help administrations, with the general objective of upgrading the general efficiency and prosperity of the tenants while limiting functional expenses for the association.
- March 2022; Sean Specialists, under its image, Seantex, sent off the brilliant structure the board arrangement S-Block in organization with Monet Korea, an organization work in IoT sensors. Seantex focuses on the savvy building market by consolidating IoT innovation and gear prescient support expertise.
- February 2019; SAP innovation has presented execution the board and new SAP resource procedure answer for upgrade the resource insight all through the office the executives store network. This new innovation will help the end-vertical clients to make a legitimate arrangement and screen office the board to screen execution information progressively.
Market Opportunities and Challenges
Opportunities- Security system assume an essential part in facility management, enveloping different viewpoints urgent for protecting resources and guaranteeing the smooth working of assorted offices like modern ventures, monetary and legislative establishments, schools, clinical offices, and oil and gas organizations require an extraordinary arrangement of wellbeing and safety efforts as each sort of property is powerless against various hazards.Outsourcing facility management empowers associations to focus on their center business capabilities. Organizations can smooth out activities and dispense assets all the more proficiently by confiding in outside master had practical experience in undertakings like upkeep, security, and space usage to.
Challenges- In the unique scene of the worldwide facility management market, the lack of gifted and master labor force arises as a basic test. The viable administration and activity of offices require a profoundly prepared and concentrated labor force fit for dealing with different undertakings, from upkeep and security to supportability drives. The shortage of such skilled experts represents a huge impediment to the development and effectiveness of the facility management sector.In the steadily advancing scene of the office the executives market, a basic obstacle endures - the inescapable absence of mindfulness combined with the innate intricacy of office the executives frameworks, notwithstanding the promising viewpoint, faces specific limitations that prevent its maximum capacity.
Market Competitive Landscape
The Vegetable Oils 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, CBRE Group, Inc., Hines Group, Hyundai GBFMS, Jones Lang LaSalle Incorporated, Samkoo Inc Co., Ltd, Savills Plc, Sean Technical Company, SGS SA, Sodexo Oy.
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 of Facility Management, By Offering Type, By End User
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| Regions covered | Seoul Capital Area, Yeongnam (Southeastern Region), Honam (Southwestern Region), Hoseo (Central Region) and Others.
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| Companies Covered | CBRE Group, Inc., Hyundai GBFMS, Samkoo Inc Co., Ltd, Savills Plc, Sodexo Oy.
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COVID-19 Impact on South Korea Facility Management Market
The COVID-19 pandemic altogether affected South Korea's facility management market. There was a surge in demand for cleanliness and sterilization administrations to control infection spread. The reception of shrewd innovations, like IoT and simulated intelligence, advanced for errands like contactless access and robotized cleaning. Remote facility management became fundamental, with virtual investigations and remote checking turning into the standard. Wellbeing and security needs elevated, prompting stricter conventions to guarantee the prosperity of tenants in different offices.
Key Target Audience:
- Commercial Real Estate Owners and Managers
- Industrial and Manufacturing Facilities
- Healthcare Institutions
- Government and Public Sector Buildings
- Educational Institutions
- Residential Complexes
Our in-depth analysis of the South Korea Facility Management Market includes the following segments:
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By Type of Facility Management:
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In- house Facility Management
Outsourcing Facility Management
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By Offering Type:
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Hard FM
Soft FM
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By End User:
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Commercial
Institutional
Public/Infrastructure
Industrial
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Key Topics Covered in the Report:
- South Korea Facility Management Market Size (FY’2024-FY’2033)
- Overview of South Korea Facility Management Market
- Segmentation of South Korea Facility Management Market by Type of Facility Management (In- house Facility Management and Outsourcing Facility Management)
- Segmentation of South Korea Facility Management Market by Offering Type (Hard FM and Soft FM)
- Segmentation of South Korea Facility Management Market by End Users (Commercial, Institutional, Public/ Infrastructure and Industrial)
- Statistical Snap of South Korea Facility Management Market
- Expansion Analysis of South Korea Facility Management Market
- Problems and Obstacles in South Korea Facility Management Market
- Competitive Landscape in the South Korea Facility Management Market
- Impact of COVID-19 and Demonetization on South Korea Facility Management Market
- Details on Current Investment in South Korea Facility Management Market
- Competitive Analysis of South Korea Facility Management Market
- Prominent Players in the South Korea Facility Management Market
- SWOT Analysis of South Korea Facility Management Market
- South Korea 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 South Korea 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. South Korea Facility Management Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Facility Management Market
7. South Korea Facility Management Market, By Type of Facility Management (USD Million) 2020-2033
7.1. South Korea Facility Management Market Size, Share and Forecast, By Type of Facility Management, 2020-2026
7.2. South Korea Facility Management Market Size, Share and Forecast, By Type Of Facility Management, 2027-2033
7.3. In- house Facility Management
7.4. Outsourcing Facility Management
8. South Korea Facility Management Market, By Offering Type (USD Million) 2020-2033
8.1. South Korea Facility Management Market Size, Share and Forecast, By Offering Type, 2020-2026
8.2. South Korea Facility Management Market Size, Share and Forecast, By Offering Type, 2027-2033
8.3. Hard FM
8.4. Soft FM
9. South Korea Facility Management Market, By End User (USD Million) 2020-2033
9.1. South Korea Facility Management Market Size, Share and Forecast, By End User, 2020-2026
9.2. South Korea 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
10. South Korea Facility Management Market Forecast, 2020-2033 (USD Million)
10.1. South Korea Facility Management Market Size and Market Share
11. South Korea Facility Management Market, By Region, 2020-2033 (USD Million)
11.1. South Korea Facility Management Market Size and Market Share By Region (2020-2026)
11.2. South Korea Facility Management Market Size and Market Share By Region (2027-2033)
11.3. Seoul Capital Area
11.4. Yeongnam (Southeastern Region)
11.5. Honam (Southwestern Region)
11.6. Hoseo (Central Region)
11.7. Others.
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. CBRE GROUP, INC.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. HINES GROUP
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. HYUNDAI GBFMS
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. JONES LANG LASALLE INCORPORATED
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. SAMKOO INC CO., LTD
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. SAVILLS PLC
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. SEAN TECHNICAL COMPANY
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. SGS SA
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. SODEXO OY
12.10.1 . Company details
12.10.2 . Financial outlook
12.10.3 . Product summary
12.10.4 . Recent developments
12.11. Others.
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
