The China Facility Management Market Stood at USD 122.70 Billion in 2021 and is Forecast to Grow at a CAGR of 8.57% by 2027.
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The China Facility Management Market stood at USD122.70 billion in 2021 and is forecast to grow at a CAGR of 8.57% by 2027. The growing number of organizations seeking to strengthen their positions in the China facility management market and increasing shift towards energy efficient buildings is anticipated to boost the China Facility Management Market. Speak directly to the analyst to clarify any post sales queries you may have.
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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. Public companies, private companies, and government agencies all use integrated facility management, an IT-based financial management system, to establish, administer, and keep an eye on their organization’s' assets and funds.Market Segmentation
China Facility Management Market is segmented based on Sector, Service, Application, Enterprise Size, Service Delivery, and Region. Based on Service, the market is segmented into Property, Cleaning, Security, Support, Catering and Others. Based on Application, the market is segmented into Commercial, Residential, and Industrial.Company Profiles
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 are among the major market players in the China facility management market.Report Scope:
In this report, China Facility Management Market has been segmented into the following categories in addition to the industry trends which have also been listed below:China Facility Management Market, By Sector:
- Unorganized
- Organized
China Facility Management Market, By Service:
- Property
- Cleaning
- Security
- Support
- Catering
- Others
China Facility Management Market, By Application:
- Commercial
- Industrial
- Residential
China Facility Management Market, By Commercial:
- Corporate office
- Healthcare
- Education Institution
- Others
China Facility Management Market, By Industrial:
- Automotive Sector
- Chemical Sector
- Oil and Gas Sector
- Others
China Facility Management Market, By Residential:
- Apartments
- Individual Houses
- Dormitories
- Others
China Facility Management Market, By Enterprise Size:
- Small
- Medium
- Large
China Facility Management Market, By Service Delivery:
- Bundled
- Integrated
- Single Service
China Facility Management Market, By Region:
- East China
- South-Central China
- North China
- South-West China
- North-East China
- North-West China
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in China facility management market.Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.Table of Contents
1. Service Overview2. Research Methodology3. Executive Summary12. Market Trends & Developments13. Policy and Regulatory Landscape14. China Economic Profile15. Impact of COVID-19 on China Facility Management Market16. Services Cost Analysis18. Strategic Recommendations
4. Voice of Customer
5. China Facility Management Market Overview
6. China Property Management Market Outlook
7. China Cleaning Management Market Outlook
8. China Security Management Market Outlook
9. China Support Management Market Outlook
10. China Catering Management Market Outlook
11. Market Dynamics
17. Competitive Landscape
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 72 |
| Published | September 2022 |
| Forecast Period | 2018 - 2028 |
| Estimated Market Value ( USD | $ 105.24 Billion |
| Forecasted Market Value ( USD | $ 198 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | China |
