ASEAN Facility Management Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The ASEAN facility management market size reached around USD 34.07 Billion in 2024. The market is projected to grow at a CAGR of 6.70% between 2025 and 2034 to reach nearly USD 65.17 Billion by 2034.

ASEAN Facility Management Market Growth

ASEAN nations, such as Malaysia, Vietnam, Thailand, and Indonesia, are increasingly attracting foreign investment due to their lower production costs, relative political stability, and strategic geographic locations. In 2022, Southeast Asia recorded a remarkable net foreign direct investment (FDI) of USD 224 billion, primarily driven by a robust recovery in manufacturing, advancements in digital economies, and enhancements in strategic supply chains. The influx of foreign investment will not only stimulate economic growth but also create substantial opportunities for the ASEAN facility management market through increased demand for services and innovation in service delivery models.

Another factor driving the market growth is the software’s diverse application in end use sectors including construction, energy, and IT and telecom. In the healthcare sector, facility management implements strategies to streamline workflows, reduce energy consumption, and implement cost-effective maintenance practices. The rise in spending on healthcare across the region drives the growth of the market. In 2024, Malaysia’s and Singapore’s healthcare budgets increased by 13.5% and 4.6%, respectively, compared to 2023, accounting for USD 8.7 billion and USD 13.8 billion, respectively. In the education sector, facility management helps in planning, maintenance, and improvement of the physical infrastructure of educational institutions, to provide a safe and conducive learning environment. In 2022, the public expenditure on education as a percentage of GDP in ASEAN countries accounted for 2.8%.

Key Trends and Developments

Technological advancements, growing demand for sustainable infrastructure, and rapid expansion of IT and telecommunication sectors are factors boosting the ASEAN facility management market growth.

October 2024

ISS, a prominent workplace experience and facility management company, transformed its retail food services with the introduction of two new brands, ‘The Place’ and ‘The Whole Grain’. This launch marked a significant step in ISS’s efforts to enhance workplace dining experiences, offering fresh, healthy, and diverse food options tailoured to modern workplace needs.

September 2024

ISS advanced its growth strategy by acquiring Grupo BN, a company known for its expertise in cleaning and outsourcing services. This strategic acquisition strengthened ISS’s service offerings and expanded its ASEAN facility management market share.

September 2024

JLL announced a strategic initiative to consolidate all building operation groups under one umbrella to better meet evolving client demands and adapt to shifts in the real estate industry. This move is aimed at streamlining service delivery and enhancing the efficiency of property and facility management operations.

October 2023

Metthier Co., Ltd. announced that it has become Thailand's first smart facility management service provider with the launch of the Metthier Intelligent Operation Centre (MIOC), featuring 3D visualisation and digital mapping. This initiative improved the quality of life for all corporate entities.

Expanding manufacturing sector

The adoption of digital technologies compels manufacturing units to alter business models and improve operations, aiding the demand for facility management services, and thus fuelling ASEAN facility management market expansion.

Growth in medical tourism

In 2023, medical tourists visiting ASEAN countries accounted for a third of global medical tourists. State-of-the-art medical facilities in the region with Joint Commission International (JCI) accreditation play a key role in attracting foreign patients. In 2023, Malaysia had 16 JCI accredited hospitals.

Expansion in infrastructure development

Facility management services in buildings and commercial structure are crucial to ensure client satisfaction. Government support and a consistent pipeline of public sector construction projects have sustained ASEAN’s construction industry.

Growing demand for sustainable construction

The increasing incorporation of sustainability in the construction sector aids the demand for facility management services. In 2023, the Philippines recorded 24 LEED-certified projects, the highest in ASEAN and 10th globally, favouring ASEAN facility management market outlook.

ASEAN Facility Management Market Trends

The construction sector in ASEAN countries is poised for continued growth, driven by government initiatives aimed at expanding their economies. Key construction projects in 2024 include Senna Puteri Township Development, Kumbih-3 hydro power project and Pomalaa HPAL Nickel Processing Plant. Significant investments in infrastructure projects, particularly in urban development and transportation connectivity, are thus, expected to play a crucial role in driving the demand for facility management. Moreover, as per industry reports of 2023, Indonesia's and Thailand’s construction sectors grew by 4.9% and 2.9%, respectively.

Furthermore, in the BFSI sector, facility management assists banks in achieving business goals by enhancing operation and maintenance. In 2023, South Asia had around 12.7 commercial bank branches per 100,000 adults, which also impacted ASEAN facility management market revenue. Some of the leading banks in the region include Bank Mandiri, Bank ANZ Indonesia, The Bank of Thailand, and Vietcombank.

Facility management businesses also provide support for the maintenance and operation of information technology (IT) companies. They manage server rooms, data centers, and network equipment to ensure their customers' efficiency. In August 2024, Vantage Data Centres, a global data centre company, officially broke ground on its second facility in Malaysia, located in Cyberjaya. The new data centre, KUL2, will be the largest hyperscale data centre campus in the city, designed to support cloud adoption and AI growth with a total IT capacity of 256MW.

ASEAN Facility Management Industry Segmentation

The report titled “ASEAN Facility Management Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:

• Out-Source
• In-House

Market Breakup by Sector:

• Private
• Public
• Others

Market Breakup by Services:

• Soft Services
• Hard Services

Market Breakup by Industry:

• Manufacturing
• Construction and Real Estate
• Healthcare
• IT and Telecom
• Energy and Utilities
• Banking, Financial Services, and Insurance
• Military and Defence
• Others

Market Breakup by Country:

• Indonesia
• Malaysia
• Thailand
• Philippines
• Vietnam
• Cambodia
• Others

ASEAN Facility Management Market Share

Based on sector, the market is segmented into public and private sector, among others. Facility management is being increasingly adopted by private sector establishments such as property firms, property management companies, construction companies, and hotels. In 2023, number of hotels in Bali, Indonesia were 541, an increase from 507 hotels in 2019, which has positively influenced ASEAN facility management market dynamics.

Moreover, in April 2024, Integrated Facility Solutions (IFS) partnered with SoftBank Robotics Singapore to launch SmartBX Robotics Company Ltd., aiming to enhance integrated facility management in Thailand. This partnership enabled the launch of Whiz Robot to the Thai market, which is an advanced floor cleaning robot designed to transform facility maintenance.

On the other hand, the public sector uses facility management services to ensure the efficiency and reliability of government facilities. As per 2023 data, Indonesia has the presence of approximately 250 District Courts, while Vietnam has 765 first-instance trial courts and 66 appellate courts. Additionally, as per 2022 data, Thailand has 406 public offices.

Leading Companies in the ASEAN Facility Management Market

Major players are increasing their collaboration, partnership, and research and development activities to gain a competitive edge in the in the ASEAN facility management market share.

CBRE Group Inc.

Headquartered in Texas, United States and founded in 1906, CBRE Group Inc. is a prominent global provider of commercial real estate services, offering a full range of solutions including property management, facilities services, and capital markets expertise. The company also offers integrated facilities management, property management, landlord leasing, fund & property accounting, global workplace solutions, experience services, and occupancy management services.

ISS A/S

Headquartered in Soborg, Denmark and founded in 1934, ISS is a global leader in workplace experience and facility management, offering comprehensive solutions that enhance operational efficiency and employee well-being. As per ASEAN facility management market analysis, the company also offers cleaning, technical, workplace, security, and support services.

Jones Lang LaSalle Inc.

Headquartered in Illinois, United States and founded in 1999, Jones Lang LaSalle Inc. leverages cutting-edge technology to shape the future of real estate. The company offers comprehensive range of services including portfolio management, integrated facilities management, FM services, engineering services, tech powered solutions, and sustainability services.

Cushman & Wakefield Plc

Headquartered in Illinois, United States and founded in 1917, Cushman & Wakefield is a global leader in real estate services, offering a wide range of solutions including leasing, capital markets, property management, and investment advisory. The company also offers project and development services, tenant representation, and asset services, among others.

Other players included in the ASEAN facility management market report are Knight Frank LLP and Sodexo, among others.