Indonesia Facility Management Industry Revenue is Expected to Reach Over USD 420 Million by the Year Ending 2023: Ken Research
GURUGRAM, India, April 1, 2019 /PRNewswire/ -- Key Findings
- The industry revenue for soft services is expected to rise at a CAGR of 8.6% during the period 2018P-2023E, while the industry revenue for hard services will increase at a CAGR of 11.4% during the same period.
- Commercial office buildings and industrial plants used by MNCs are likely to be the key focus areas for integrated facility management (IFM) services.
- The Facility management industry in Indonesia is expected to witness the increasing number of small players entering the market which will focus more on providing specialized hard services.
Low Penetration of Integrated Facility Management (IFM) Services: Indonesia integrated facility management market is relatively nascent stage and its penetration is low due to preference for single and bundled services by most end users.
Increasing demand from multinational clients is likely to drive future demand for IFM services in Indonesia. The companies will focus on building efficiency through IFM services which would lead to cost reduction, increased efficiency and greater demand in the long run.
Increasing Number of Domestic Players: Rising government initiatives towards creation of new infrastructural facilities and buildings will lead to surge in the total number of local facility management players thereby, catering to increasing domestic demand in Indonesia over long term.
Analysts at Ken Research in their latest publication "Indonesia Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and others ) and Hard Services (Electromechanical services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Industrial, Commercial, Residential, Infrastructure and others)" believed that the facility management market in Indonesia will increase due to increasing partnerships with major domestic players for specific expertise in the (soft and hard) services. Industrial sector contributed the highest revenue share of over 50% to the overall facility management industry in Indonesia in the year 2018. Outsourced Personnel has contributed above 85% in generating revenues in the overall facility management market in the year 2018.
The market is expected to register a positive CAGR of 9.6% in terms of revenue during the forecast period 2018-2023E.
Key Segments Covered
By Soft Services and Hard Services
- Soft Services
- Housekeeping (including Cleaning)
- Landscaping
- Security
- Others (Waste Management, Mail Delivery Services)
- 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
- Industrial sector
- Commercial sector
- Residential sector
- Infrastructure and others
Key Target Audience
- Facility Management Companies
- Real Estate Developers
- Construction Companies
- Architects
- Hospitals and Schools
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
Key Topics Covered in the Report
- Introduction on Indonesia Facility Management Market
- Business Acquisition Process in Indonesia Facility Management Market
- Indonesia Facility Management Market Overview and Genesis
- Indonesia Facility Management Market Size by Revenue (2012-2018)
- Indonesia Soft Facility Management Market Segmentation
- Indonesia Hard Facility Management Market Segmentation, 2012-2018
- Trends and Developments in the Facility Management Market
- Issues and Challenges in the Facility Management Market
- Vendor Selection Process
- SWOT Analysis of Indonesia Facility Management Market
- Competitive Landscape in Indonesia Facility Management Market
- Indonesia Facility Management Market Future Outlook and Projections, 2019-2023E
For more information, refer to below link:
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Contact Us:
Ankur Gupta
Ken Research Private Limited, Head Marketing
Ankur@kenresearch.com
+91-9015378249
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