How Facility Management Market Positioned in Indonesia?
Indonesia Facility Management market is at the growing stage. The people in the country do not usually outsource their facility management needs to FM firms and fulfill their service demand through internal labor in the case of soft services or by contacting the OEM of the equipment for servicing for hard services. The customers in the market are highly price sensitive and lack awareness about the importance of facility management services has resulted in low penetration. The market has witnessed a growth during the review period, increasing from USD ~ million in 2012 to USD ~ million in 2018(P), registering a CAGR of ~% during this period. This growth was supported by the growth of multinational companies, especially in the construction industry, along with rising demand for industrial and residential spaces in the country. On the other hand, market players catered to the needs of the clients for both hard and soft services.
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The key drivers for the market are presence of multinational companies and construction activities in cities such as Jakarta. The Integrated Facility management market is relatively nascent stage in the country and its penetration is low due to preference for single and bundled services by most end users, especially local companies. Facility management services are used by both local companies and MNCs in the country. However, the local companies usually prefer Single or bundled services whereas the MNCs prefer integrated FM services in Indonesia.
What is the competition Scenerio in the Industry?
The facility management market in Indonesia is highly concentrated with 5 major players in the market accounting for almost ~% of the revenue share. ISS Facility Services Inc. is the biggest player in the market, capturing a share of ~% by revenue in 2017. It started as a cleaning services company but has recently ventured into the FM market. JLL (Indonesia) Inc. was another major player, accounting for revenue market share of ~% in 2017. It specializes in real estate facility management and investment management. PT. SOS Indonesia accounted for market share of ~% by revenue in 2017. This was followed by Atalian Global Services, Spektra Solusindo and others.
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These market players compete in the FM market in Indonesia on the basis of Price of services, quality and knowledge of services, track record and past history within the industry and sectors serviced.
What is the future outlook of Indonesia facility management market?
In future, it is anticipated that Indonesia facility management market in terms of revenue will increase from USD ~ million in the year 2018(P) to USD ~ million in 2023E. The industry is estimated to grow at a CAGR of ~% during 2018(P) – 2023 owing to the growing construction industry in Indonesia which is expected to boost the demand for both soft and hard services. The country’s economic growth outlook remains positive. The Indonesia economy is projected to continue on its expansionary path and grow at an annual rate of ~% from 2019 to 2021. Increasing demand from multinational clients is likely to drive future demand for IFM services in Indonesia with commercial office buildings and industrial plants being the future penetration sectors for IFM services. Indonesia’s public sector is the most important pillar of its fast-growing construction industry.
Key Segments Covered:-
By Soft Services and Hard Services
Soft Services
Hard Services
By Type of Services
Single Services
Bundled Services
Integrated Facility Services
By End User Sectors
Industrial sector
Commercial sector
Residential sector
Infrastructure and others
Indonesia Soft Services Facility Management Market is further Segmented
By Soft Services
Housekeeping (including Cleaning)
Landscaping
Security
Others
Indonesia Hard Services Facility Management Market is further Segmented
By Hard Services
Electromechanical Services (including HVAC)
Operational and Maintenance Services
Fire Safety and Security Systems
Key Target Audience:-
Facility Management Companies
3PL Companies
Real Estate Construction Companies
Hospitality Sector
Time Period Captured in the Report:-
Historical Period: 2012-2018
Forecast Period: 2019-2023
Companies Covered:-
ISS Facility Services Inc.
JLL Inc.
Shield on Services (SOS)
Atalian Global Services
Spektra Solusindo
Maple Leaf Relocation and Facility Services
Colliers Facility Management Services
Leads Property Services Indonesia
For More Information on the market research report please refers to below link:-
Indonesia Facility Management Market Research Report
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