Asia Pacific Facility Management Market Size, Share & Trends, By Service Type (Hard Services, Soft Services, and Other Services), By Industry Vertical (Healthcare, Government, Education, Military & Defense, Real Estate, and Others), and Regional Forecast, 2023-2030

Asia Pacific is the largest region in the global facility management market. It is projected to grow at a CAGR of 7.9% during the forecast period. The Asia Pacific facility management market size is projected to grow from USD 506.9 billion in 2022 to USD 892.3 billion by 2030.

The Asia Pacific market is experiencing significant growth, driven by factors such as increasing urbanization, growth of the real estate industry, and increasing adoption of technology. The market is also being impacted by COVID-19, which has increased the demand for cleaning and sanitation services and accelerated the adoption of technology.

Our report on the Asia Pacific market covers the following countries/regions – China, India, Japan, Southeast Asia, and the Rest of Asia Pacific.

LATEST TRENDS

Demand for Specialized Services to Contribute to the Asia Pacific Facility Management Market Growth 

The Asia Pacific market is becoming more specialized, with service providers offering niche services to meet the specific needs of different industries. This trend increases the Asia Pacific facility management market share. For instance, a growing demand for healthcare facility management services requires specialized knowledge and services.

DRIVING FACTORS

Growth of Real Estate Industry is Expected to Drive the Asia Pacific Market

Asia Pacific is witnessing significant real estate industry growth, driven by rising population, increasing disposable income, and low-interest rates. This growth creates opportunities for facility management service providers, who need to maintain and manage these properties.

RESTRAINING FACTORS

To know how our report can help streamline your business, Speak to Analyst

Lack of Awareness and Cost Concerns to Hinder the Market Growth 

There is still lack of awareness among businesses and organizations in the Asia Pacific region about the benefits of facility management services. This could restrain the facility management market growth as companies may not see the value in outsourcing these services.

Cost is the major factor for businesses and organizations when considering outsourcing facility management services. Some companies may be hesitant to invest in these services if they perceive them to be too expensive.

KEY INDUSTRY PLAYERS

In terms of competitive landscape, the Asia Pacific market is anticipated to face intense competition among key players. Companies operating in this market are vying for a larger share by offering a wide range of services and solutions. CBRE GROUP, INC., A La Concierge Services Pvt Ltd., and Sodexo S.A. are some of the key players of the Asia Pacific market due to strong product offerings, active involvement in R&D investments for the acceleration of product launches, and approvals in the forecast period.

LIST OF KEY COMPANIES PROFILED:

• Tenon Group (India)


• CBRE GROUP, INC. (U.S.)


• AEON DELIGHT CO., LTD. (Japan)


• A La Concierge Services Pvt Ltd. (India)


• ABM Industries, Inc. (U.S.)


• Downer Group (Australia)


• BVG India Limited (India)


• Sodexo S.A. (France)


• Hive Japan K.K. (Japan)


• Nouvel Facilities Private Limited (India)


• ISS Group. (Denmark)


• Aden Group (China)


• Leadec Industrial Services (Shanghai) Co., Ltd. (China)

KEY INDUSTRY DEVELOPMENTS:

• August 2022: ISS, a leading company in workplace experiences and facilities management, has revealed that it acquired Uvit FM Servics AG, a facility management company located in Switzerland, from its parent company Livit AG. It is expected that the integration of the acquired firm will be completed in the first quarter of 2023.


• July 2022: JLL India partnered with Tata power to promote green energy solutions in the real estate sector. With the industry being accountable for approximately 40% of all greenhouse gas emissions, it is imperative for the sector to embrace sustainable energy.


• January 2022: Aden Group, a leader in sustainable and data-driven management of buildings and business/industrial parks in Asia, has signed a Memorandum of Understanding (MoU with Total Energies to collaborate on reducing the carbon footprint of developed assets through distributed renewable energy solutions using solar energy and data-driven energy optimization. The MoU aims to explore potential partnership opportunities for delivering innovative solutions to lower carbon emissions.


• June 2021: Aeon Delight Co Ltd, a subsidiary of Aeon Co Ltd and a company that offers facility management services, has partnered with Coca-Cola Bottlers Japan to enhance vending machine operations and facility management services.

REPORT COVERAGE

To gain extensive insights into the market, Request for Customization

The research report provides qualitative and quantitative insights on the market and a detailed analysis of the Asia Pacific market size & growth rate for all possible segments in the market. Along with the market forecast, the report elaborates on the market dynamics and competitive landscape. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of products, overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 on the market.

Report Scope & Segmentation