China Facility Management Market, By Sector (Organized, Unorganized), By Service (Property, Cleaning, Security, Support, Catering & Others), By Application (Commercial, Industrial and Residential), By Enterprise Size (Small, Medium, Large), By Service Delivery (Bundled, Integrated, Single Service) and By Region, Competition Forecast & Opportunities, 2024-2032-2027
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationChina Facility Management Market, By Sector (Organized, Unorganized), By Service (Property, Cleaning, Security, Support, Catering & Others), By Application (Commercial, Industrial and Residential), By Enterprise Size (Small, Medium, Large), By Service Delivery (Bundled, Integrated, Single Service) and By Region, Competition Forecast & Opportunities, 2024-2032-2027
The China Facility Management Market stood
Facility management (FM) is a profession that integrates location, people, processes, and technology to guarantee the physical environment's comfort, functionality, efficiency, and safety. The goal of facility management (FM) is to manage these services. It is a management discipline that guarantees effective support services that are efficient for various enterprises. It is a role performed within an organization to enhance organizational productivity and human well-being by integrating people, processes, places, and technology into the current environment. Cleaning, security, health and safety, building maintenance, catering and hospitality, environmental services including waste management, and other sectors are all included in facility management (FM).
Growth in Corporate Outsourcing of Facility Management Driving Market Growth
The nation-wide trend of outsourcing facility management services has picked up steam recently. Businesses across the nation are beginning to see the advantages of outsourcing non-core company functions like cleaning, facility operations, and maintenance. Diverse businesses have found success in increasing emphasis on their primary company goals by outsourcing such tasks. In order to focus on restoring earnings at pre-covid levels, businesses have been forced by the pandemic and its economic effects to assess if outsourcing non-core functions are necessary. The corporate sector's increased outsourcing is driving the expansion of the China Facility Management Market.
Awareness of Hygiene and Cleanliness
Citizens of China are now becoming more aware of the cleanliness of their surroundings and personal hygiene as a result of the COVID-19 pandemic. Due to this, cleaning services in China are expected to expand exponentially over the forecast period, propelling both hard and soft services in the facility management industry. Cleaning and disinfecting the surroundings, especially in commercial spaces, has become the norm in the post COVID-19 era. Other services, such as toilet and washing facilities, communal and eating areas, are expected to meet the same cleanliness norms in the coming period. Additionally, the China government has started to make substantial contributions to the country's green construction culture. Many Leaderships in Energy and Environmental Design (LEED) certified green building projects have been filed in China.
Rising Demand for Energy Efficient Buildings Driving Market Growth
Rising climate change worries have made it necessary to cut back on energy use nationwide in order to minimize the nation's greenhouse gas emissions. One of the most effective ways to encourage the employment of eco-friendly solutions intended to ensure sustainable development has been the construction of green buildings. A building's lifetime, which includes its design, construction, operation, maintenance, repair, and demolition, can be described as "green" if the building's structure and operations are resource and environmentally conscious. Compliance with these structures frequently calls for highly qualified executives. A skilled practitioner of the sustainable built environment is a facility manager. Facility owners frequently use facility management service providers to operate and maintain these buildings and minimize energy consumption as more and more homes and organizations transition to green workspaces. The China Facility Management Market is predicted to be driven by the country's growing preference for environmentally friendly and energy-efficient structures.
Technological Integration Driving Market Growth
Given its potential to raise the caliber of services provided to customers, the Internet of Things (IoT) has been gaining ground in the facilities management sector in China. IoT integration in facility management has increased as a result of the expanding demand for building automation in areas like automated security, ventilation, and air conditioning of buildings. IoT makes it possible for multiple facilities in a building to communicate using technology. It enables facility managers to take on jobs that are dangerous or challenging for people, broadening the range of services offered in facility management. The benefits of cloud-based IT services include lower operational expenses for businesses as well as increased system security inside and across industry verticals.
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Market Segmentation
Company Profiles
CBRE Group, Inc., Jones Lang LaSalle Incorporated (JLL), ISS Group, Sodexo, Cushman & Wakefield (China), Colliers International Property Services Ltd., Synergis Holdings Limited,
| Attribute | Details |
| Market Size Value in 2022 | USD122.70 billion |
| Revenue Forecast in 2028 | USD198.00 billion |
| Growth Rate | 8.57% |
| Base Year | 2024-2032 |
| Historical Years | 2024-2032–2024-2032 |
| Estimated Year | 2022 |
| Forecast Period | 2023–2027 |
| Quantitative Units | Revenue in (USD billion) and CAGR for 2024-2032-2024-2032 and 2022-2027 |
| Report Coverage | · Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Sector · Service · Application · Enterprise Size · Service Delivery · Region |
| Regional Scope | East China, South-Central China, North China, South-West China, North-East China, North-West China |
| Key Companies Profiled | CBRE Group, Inc., Jones Lang LaSalle Incorporated (JLL), ISS Group, Sodexo, Cushman & Wakefield (China), Colliers International Property Services Ltd., Synergis Holdings Limited, ESG Holdings Limited, Shanghai Aideite Facilities Management Co., Ltd., ADEN. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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