Australia Facility Management Industry Revenue is expected to Reach over AUD 40 Billion by the FY’2023: Ken Research

Key Findings
• The industry revenue for soft services is expected to increase at a CAGR of 7.2% during the period FY’2018-FY’2023E, while the industry revenue for hard services will decline at a negative CAGR of 1.8% during the same period.
• Government spending on infrastructure development and increasing demand of commercial office spaces from MNC’s and big corporate are likely to be the key focus areas for integrated facility management (IFM) services.
• Trends such as environmental sustainability, sustainable procurement and adoption of technologies such as IOT and artificial intelligence are expected to shape the delivery of services in future.

Growing demand of Integrated Facility Management (IFM) Services: Australia integrated facility management market is at a growing stage and its penetration has been relatively low in the past due to lack of awareness of the benefits of such services amongst end users. However, the growing trend in adopting IFM services can be attributed to greater focus on cost cutting measures and achieving operational efficiency by the end clients. In future it is anticipated that, IFM will contribute major share in facility management industry revenue in Australia in FY’2023E.
Rapid increase in Outsourcing of Public Sector Projects: In future it is anticipated that, outsourcing of public sector projects through PPP will increase the demand for managing critical environment (crude oil, Gas Pipe lines, electricity grids and others) that requires high skills. However, they carry higher profit margins and require a longer tenure of service.
Increase in Commercial Construction: Commercial sector contributed the highest revenue share to the overall facility management industry in Australia in FY’2018. Outsourced Personnel has contributed above 55% in generating revenues in the overall facility management market in FY’2018.
Analysts at Ken Research in their latest publication “Australia Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services, By Soft (Cleaning, Security and Other services) and Hard Services (Electromechanical, Operations and Maintenance, Fire and Safety), By End User Sectors” observed that the facility management market in Australia will grow due to increasing partnerships with major domestic players for specific expertise in the (soft and hard) services.
The market is expected to register a positive CAGR of 4.0% in terms of revenue during the forecast period FY’2018-FY’2023E.

For more information, refer to below link:
https://www.kenresearch.com/manufacturing-and-construction/real-estate/australia-facility-management-market/192205-97.html
 
Key Segments Covered
By Soft Services and Hard Services
• Soft Services
o Housekeeping (including Cleaning)
o Landscaping
o Security
o Others (Waste Management, Mail Delivery Services)
• Hard Services
o Electromechanical Services (including HVAC)
o Operational and Maintenance Services
o Fire Safety and Security Systems
By Type of Services
• Single Services
• Bundled Services
• Integrated Facility Services
By End User Sectors
• Commercial sector
• Residential sector
• Retail Sector
• Industrial sector
• Hospital Sector
• Infrastructure and others
Time Period Captured in the Report:
• Historical Period: FY’2013-FY’2018
• Forecast Period: FY’2019-FY’2023
Companies Covered:
• Spotless Group
• Programmed Maintenance
• Serco
• Broadspectrum
• ISS Australia
• Sodexo
• BGIS
• JLL Inc.
• GJK
• Fresh Start Australia

Key Topics Covered in the Report
• Introduction on Australia Facility Management Market
• Business Acquisition Process in Australia Facility Management Market
• Australia Facility Management Market Overview and Genesis
• Australia Facility Management Market Size by Revenue (FY’2013 & FY’2018)
• Australia Soft Facility Management Market Segmentation
• Australia Hard Facility Management Market Segmentation, FY’2013 & FY’2018
• Trends and Developments in the Facility Management Market
• Issues and Challenges in the Facility Management Market
• Vendor Selection Process
• SWOT Analysis of Australia Facility Management Market
• Competitive Landscape in Australia Facility Management Market
• Australia Facility Management Market Future Outlook and Projections, FY’2018-FY’2023E

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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