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India Facility Management Market Outlook to 2020 - Driven by Rapid Growth of Commercial Spaces and Advent of Smart Cities

India Facility Management Market Outlook to 2020 - Driven by Rapid Growth of Commercial Spaces and Advent of Smart Cities

  • January 2016
  • 136 pages
  • ID: 3940209
  • Format: PDF
  • By Ken Research Private Limited

Summary

Table of Contents

EXECUTIVE SUMMARY

The report titled “India Facility Management Market Outlook to FY’2020 - Driven by Rapid Growth of Commercial Spaces and Advent of Smart Cities” provides a comprehensive analysis of the facility management services in India. The report covers various aspects such as market size of India facility management market, segmentation on the basis of types of services, organized/unorganized, major cities, type of contracts, sectors of services provided and subsectors. The report also covers the market shares of major facility management companies in India as well as the revenues of major players in the facility management market along with future outlook, entry barriers and macro economic variables affecting the industry performance.

Facility management market in India registered revenues of USD ~ million in FY’2015 largely driven by the growth in real estate with preference towards clean, safe and secure environment. The increase in economic output by corporates, growth in commercial and residential projects and advancement in automation technology has created a demand of facility management services in the country. The facility management market in India has grown at a CAGR of ~% from USD ~ million in FY’2010 to USD ~ million in FY’2015. The India facility management market is a lot different than markets in the developed countries such as the market in US, which has grown at a high pace to reach USD ~ billion as compared to India facility management market at USD ~ billion.
The India facility management market has been penetrated with high competition arising from presence of both international and domestic players in the market. So far, the market has been concentrated in the terms of revenues, since more than ~% of the revenues has been accrued to major 3 players namely JLL, CBRE and Cushman & Wakefield. JLL has been leading the market with ~% share in the overall revenues from facility management services. Other players include Knight Frank, BVG, A La Concierge Services, George maintenance services and many more

Technological advancements in building automation, growth in real estate with rising number commercial and residential projects, higher preference towards, safe and clean environment and professional conduct of services as well as competitive pressures have been significantly changing the market. Market revenues from the facility management market in India are expected to expand to USD ~ million in FY’2020, growing with a CAGR of ~% from FY’2015 to FY’2020.

Soft Services Market

The development of the infrastructure has been leading to the growth in demand of services such as housekeeping, security, façade cleaning and others. This has resulted into growth in soft facility management services. The soft facility management services has clearly dominated the facility management market majorly due to the fact that these services have been demanded in almost every commercial organization, residential apartments in urban areas and other spaces. Moreover the change in behavioral pattern of the population of country towards a clean and safer environment has further provided an impetus to the industry which has lead the industry to grow at a CAGR of ~% during FY’2010 to FY’2015. India soft facility management market has earned revenue worth USD ~ million in FY’2015. Bangalore has been dominating the market for facility management in the country being an IT hub backed by an enormous increase in net absorption of commercial spaces. In Delhi NCR, Gurgaon, MG Road, NH8 and Noida city witnessed higher absorption while the Eastern Suburbs and Thane-Navi Mumbai witnessed higher absorption in Mumbai in 2014. Mumbai and Delhi have been the second and third leader in the market in terms of revenues
In the medium run, FY’2018, the soft facility management is expected to reach USD ~ million in terms of revenues and for the longer run revenues are projected to incline to USD ~ million by FY’2020.

Manned Guarding Market

Private security market in India has been one of the fastest growing markets in the country which includes manned guarding and cash services. Manned guarding is the biggest segment of private security market with around ~% of the sector revenues accrued to manned guarding. The organized manned guarding segment has been growing at a CAGR of ~% from FY’2010 to FY’2015. It has grown from USD ~ Million to USD ~ Million in last five years from FY’2010-FY’2015 due to increased number of commercial and residential spaces cropping up, backed by high demand of these services in events, government offices and public places. The organized private security services market has been dominated by large MNCs and Indian players while unorganized sector is highly fragmented with the presence of number of small players.

Hard Services Market

The hard facility management services in India are majorly related with fundamental electro-mechanical upholding of lifts, diesel generator sets, maintenance of air conditioners and a few more. However there has been a series of technological changes which has been impacting the market and hence led to the growth of facility management market revenues at a CAGR of ~% during FY’2010-FY’2015. The overall revenues in the hard facility management market were recorded at USD ~ million in FY’2015.
The increasing preference to stay in a secure environment will drive the fire management systems market as well. High concerns for the newer sustainability will require high demand of operations and maintenance services for resource management.
The revenues of the market will stimulate to grow at an expected CAGR of ~% from FY’2016 to FY’2020 and reach the levels of ~ million in the medium term outlook till FY’2018 and further rise to USD ~ million in the longer run till FY’2020.

Key Topics Covered in the Report:

• The market size of the India facility management market
• Comparative analysis of facility management market in India Vs The United States
• The market size of the India soft services market
• The market size of the India hard services market
• Market segmentation of India facility management market on the basis of services in hard and soft services, organized/unorganized, sector in which services are provided, commercial sector and commercial organization size.
• Trends and Development in the India facility management market
• SWOT Analysis of India facility management market
• Tender process and tender submission recommendations
• Role of government in India facility management market
• Market Share of major players in India facility management market
• Market Share of major players in hard and soft services respectively
• Competitive landscape of the major international players of facility management market in India
• Future Outlook and Projections of India facility management market
• Macro Economic Variables affecting the facility management market

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