Chile Facility Management Market Revenue is Expected to reach around USD 2.0 Billion by 2023: Ken Research

The report focuses on overall market size, Chile facility management market segmentation by type of soft services (housekeeping, landscape access, security and others); by the type of hard services (HVAC, electro-mechanical services, operational and maintenance and fire safety and security system), by single services, bundled services & integrated services; by end user sectors (industrial and public infrastructure, retail and commercial, hospitality, residential and others); and by personnel type (outsourced personnel and in-house personnel). Major players operating in the Chile facility management market include ISS, Veolia, Sodexo, Mancorp, Linkes, Aramark, Grupo Facility, All Facility, Grupo Eulen, JLL, Cushman & Wakefield and CBRE.

Key Findings
• 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
 Soft Services
 Cleaning Services
 Landscaping Services
 Security Services
 Others (Pantry Services, Waste Management and Mailroom)
 Hard Services
 Electromechanical Services (including HVAC)
 Operational and Maintenance Services
 Fire Safety and Security Systems
• By Type of Services
 Single Services
 Bundled Services
 Integrated Facility Services
• By End User Sectors
 Industrial and Public Infrastructure
 Retail & Commercial
 Hospitality
 Residential
• By Personnel Type
 Outsourced Personnel
 In-House Personnel
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
Companies Covered:
• 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:
https://www.kenresearch.com/manufacturing-and-construction/real-estate/chile-facility-management-market/251379-97.html

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