Chile Facility Management Market Revenue is Expected to reach around USD 2.0 Billion by 2023: Ken Research
• The industry revenue for soft services segment is expected to increase at a CAGR of 11.5%, while the industry revenue for hard services segment will grow at a rate of 18.0% during the forecast period 2018-2023.
• Government spending on infrastructure development and the increasing demand of commercial office spaces from MNC’s and big Corporates are likely to be the key focus areas for integrated facility management (IFM) services in Chile.
• Trends such as environmental sustainability, sustainable procurement and adoption of technologies such as IOT and artificial intelligence are expected to shape up the delivery of facility management services in the near future.
Growing Demand of Integrated Facility Management (IFM) Services: Chile facility management market is likely to be dominated by integrated facility services in the near future. The segment is expected to grow at a forecasted CAGR of 19.2% during 2018-2023. End users will prefer integrated services to better manage the contracts and avoid clash and confusion between different service providers.
Rising Competition: The facility management market in Chile was fragmented with rising competition from various players entering the market. Some of the major FM service providers operating in the Chile include ISS, Sodexo, JLL, CBRE, Colliers, Aramark, Grupo Eulen and others. The market created opportunities for various players providing hard services, soft services or both. Moreover, the companies give contract on the basis of single services, integrated services or bundled services based on the requirement of clients. This led to increase in awareness due to rise in the suppliers. Also, the market has space for consolidation (acquisitions and mergers) which will have a positive impact on the industry by emergence of leading players.
Increase in Commercial Space: During the first quarter of 2018, office market within Santiago, Chile started with major activities in office production, due to municipal final reception of 3 buildings. These projects collectively added 41,700 Sqm of total stock, represented in 2 Class A office building located in Las Condes and Vitacura sub-market and one Class AB office building located in Santiago Centro sub-market. Latin America is soon becoming an innovative hub for startups including Santiago, Chile which is attracting startups and investors to support its newly developed start up ecosystem for instance, new co-working spaces have emerged in the city offering plush offices, around-the-clock coffee, great conference rooms, yoga / gym facilities and others that have further triggered the demand for facility management services in the country.
Analysts at Ken Research in their latest publication “Chile Facility Management Market Outlook to 2023 – By Soft Services (Housekeeping, Security, Landscaping and Others); By Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems); By Integrated Services; and By End User Sectors (Industrial and Public Infrastructure, Retail and Commercial, Hospitality and Residential)” believed that the facility management market in Chile will increase owing to the rising commercial office supply, increase in hotel room supply and more number of shopping malls to be completed in next 5 years. This rise is expected to boost the demand for facility management services in the country owing to the requirement of both soft and hard services. The market is expected to register positive double digit CAGR of 14.7% in terms of revenue during the forecast period 2018-2023.
Key Segments Covered
• By Soft Services and Hard Services
Others (Pantry Services, Waste Management and Mailroom)
Electromechanical Services (including HVAC)
Operational and Maintenance Services
Fire Safety and Security Systems
• By Type of Services
Integrated Facility Services
• By End User Sectors
Industrial and Public Infrastructure
Retail & Commercial
• By Personnel Type
Key Target Audience
• Facility Management Companies
• Real Estate Construction Companies
• Foreign investors
Time Period Captured in the Report:
• Historical Period - 2013-2018
• Forecast Period - 2019-2023
• ISS, Chile
• Jones Lang LaSalle (JLL), Chile
• Sodexo, Chile
• Coldwell Banker Richard Ellis (CBRE), Chile
• Colliers, Chile
• Grupo Eulen, Chile
• Grupo Facility, Chile
• All Facility, Chile
• Linkes Facility, Chile
• Mancorp, Chile
• Cushman and Wakefield, Chile
• Aramark, Chile
Key Topics Covered in the Report
• Executive Summary
• Research Methodology
• Introduction to the Chile Facility Management Market
• Value Chain Analysis for Chile Facility Management Market
• Chile Facility Management Market Size, 2012-2018
• Chile Facility Management Market Segmentation, 2017-2018
• Trends and Developments in Chile Facility Management Market
• Issues and Challenges in Chile Facility Management Market
• SWOT Analysis for Chile Facility Management Market
• Vendor Selection Process for Chile Facility Management Market
• Comparative Landscape in Chile Facility Management Market
• Chile Facility Management Market Future Outlook and Projections
• Analyst Recommendation for Chile Facility Management Market
For information click on the below mentioned link:
Ankur Gupta, Head Marketing & Communications
Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India
Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.
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