Increasing demand for Integrated Facility Management (IFM) services, High-growth in the Construction industry and expansion of commercial sector has driven the growth of facility management services market in Australia.
The report titled “Australia Facility Management Market Outlook to 2023 – By Single, Bundled and Integrated Services, By Soft (Cleaning, Security and Other services) and Hard Services (Electromechanical, Operations and Maintenance, Fire and Safety), By End User Sectors” by Ken Research suggested that the facility management market in Australia has been growing due to strong presence of domestic firms facilitating subcontracting, increasing awareness amongst the end users of the benefits of such service and adoption of technology to improve the quality of services. The market is expected to register a positive CAGR of 4.0% in terms of revenue during the forecast period FY’2018-FY’2023E.
Dependence on Outsourced Personnel: Outsourced Personnel has contributed above 50% in generating revenues in the overall facility management market in FY’2018. Major companies of the Facility Management industry in Australia rely on outsourcing personnel to cater to the diverse needs of the clients. There has been an increasing trend to outsource personnel especially in commercial, residential and infrastructure sector.
The Commercial sector is a major End consumer of the FM Services: Commercial sector contributed the highest revenue share to the overall facility management industry in Australia in FY’2018. The commercial sector has a major share in the country’s GDP. The growth of office spaces can be justified by population growth, high percentage of population in urban areas, falling unemployment rates and lower interest rates. In addition to this commercial spaces are highly potent to demand of integrated facility management services.
Increasing demand of Integrated Facility Management Services: The primary challenge faced by the facility management industry in Australia is the lack of awareness of Integrated Facility Management Services (IFM) and the benefits that it offers resulting in the low penetration in the market. However, the trend is changing and clients are becoming more inclined towards IFM services as they are cost efficient and improve operational efficiency. In future, it is anticipated that IFM services will contribute ~50.0% share in generating revenues for the facility management industry by FY’2023.
Keywords:-
Australia Facility Management Market
Australia Facility Management Industry
Australia Facility Management Revenue
Australia Soft Services Market
Australia Housekeeping Services Market
Australia Security Services Market
Australia Landscaping Services Market
Australia Hard Services Market
Australia Electromechanical Services
Soft Services Market Melbourne
Hard Services Market Melbourne
Facility Management Market ANZ
Facility Management Services Sumatra
Residential Facility Services Australia
Commercial Facility Services Australia
Industrial Facility Services Australia
Australia Infrastructural Projects
Australia Residential Projects
Australia Commercial Projects
Single Services Facility Market Australia
Australia Integrated Facility Market
Australia Single Services Facility Industry
ISS Facility Services Market Share
Spotless group Services Market Share
Key Segments Covered:-
By Soft Services and Hard Services
Soft Services
Cleaning services
Security Services
Others
Hard Services
Electromechanical Services (including HVAC)
Operational and Maintenance Services
Fire Safety and Security Systems
By Type of Services
Single Services
Bundled Services
Integrated Facility Services
By End User Sectors
Commercial sector
Residential sector
Retail Sector
Industrial sector
Hospital Sector
Infrastructure and others
Key Target Audience:-
Facility Management Companies
Real Estate Construction Companies
Hospitality Sector
Time Period Captured in the Report:-
Historical Period: 2013-2018
Forecast Period: 2018-2023
Companies Covered:-
Spotless Group
Programmed Maintenance
Serco
Broadspectrum
ISS Australia
Sodexo
BGIS
JLL Inc.
GJK
Fresh Start Australia
For more information, refer to below link:-
Australia Facility Management Market
Related Reports:–
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
