India Facility Management Market is Expected to Reach USD 17 billion by FY’2020: Ken Research

• Future growth of India facility management market is expected to be led by growth in real estate, rising personal disposable incomes of people, preference towards, safe, clean and secure environment and flourishing hospitality industry

• The market leader, JLL is expected to maintain focus on advancing technology and providing new high quality professional services and also its merger and acquisition strategy to compete with other players in the industry

Ken Research announced its latest publication on “India Facility Management Market Forecast to FY’2020 - Driven by Rapid Growth of Commercial Spaces and Advent of Smart Cities” which provides a comprehensive analysis of the facility management services in India. The report covers various aspects such as market size of India facility management market, segmentation on the basis of types of services, organized/unorganized, major cities, type of contracts, sectors of services provided and subsectors, SWOT analysis, market share of major players in soft services market and in hard services market, tender process and several others. The report is useful for industry consultants, facility management companies, business owners, real estate managers and advisors and new players venturing in the market.

The growth in real estate, preference towards safe, clean and secure environment and flourishing hospitality industry has raised the demand for facility management services in the country. The growth in this segment has been largely led by the factors such as growth in demand from commercial sector with preference towards professionally managed services.

The India facility management market has been penetrated with high competition arising from presence of both international and domestic players in the market. So far, the market has been concentrated in the terms of revenues, since more than ~% of the revenues has been accrued to major 3 players namely JLL, CBRE and Cushman & Wakefield. The revenues of the industry have grown at a CAGR of ~ % from FY’2010 to FY’2015.

According to the research report, the revenues from facility management services are projected to incline at an impressive CAGR of ~% during FY’2016-FY’2020. This revenue growth is anticipated to post the revenues to USD ~ million by FY’2020 due to the introduction of innovative and versatile methods of managing a given facility. The demand is also expected to rise from the tier 2 and tier 3 cities due to increased business activities in these areas. It is expected that there would be keen interest in sustainability of resources. Thereby it would be required by the facility management companies to track building performance related to energy consumption and sustainability policies. The higher emphasis on energy management could help change the complete management process and also the life cycle of the assets utilized.

“In the current scenario, it is highly important to maintain the excellence in the work. The educational qualification and technical training of the workers should be ensured before initiating the work. Also by laying down a proper chain of command with respect to qualification and expertise of work, keeping an appropriate record of the key performance indicators, the quality can be ensured” according to the Research Analyst, Ken Research.

Key Topics Covered in the Report:
India Facility Management
- Value Chain
- Comparative Analysis of Facility Management Market in India and The US
- Market Definition and Approach for the Market Size
- Market Size by Revenues
- Market Segmentation by
o Soft and Hard Services
o By Major Cities- Bangalore, Mumbai, Delhi, Chennai, Andhra Pradesh and Others
o By Contracts-Sub Contractual and Integrated Facility Management
o By In House and Outsourcing
- India Soft Services Market
o Market Size by Revenues
- India Soft Services Market Segmentation by
o By Services-Housekeeping, Security, Business Support Services, façade Access
o By Sector – Commercial, Residential and Hospitality
o By Commercial Organization Size- Large and Small & Medium Enterprises
o By Commercial Sector- Retail, Government, Healthcare and Others
o By Organized and Unorganized
- Market Share of Major Players
- Future Projections
- India Hard Services Market
o Market Size by Revenues
- India Hard Services Market Segmentation by
o By Services- Electro Mechanical, Operations and Building Management and Fire Safety
o By Sector – Commercial, Residential and Hospitality
o By Commercial Organization Size- Large and Small & Medium Enterprises
o By Commercial Sector- Retail, Government, Healthcare and Others
o By Organized and Unorganized
- Market Share of Major Players
- Future Projections
- Trends and Development
- SWOT Analysis
- Tender Process and Recommendations
- Competition and Market Share
- Government Role
- Future Outlook
- Macro Economic Parameters

Key Products Mentioned in the Report
Hard Services
Electromechanical, Fire Safety, Operations and Building Management
Soft Services
Housekeeping, Security, Business Support Services and Façade Access
Companies Covered in the Report
JLL, CBRE, Cushman & Wakefield, Knight Frank, UDS, AMPS, Avon Facility Management Services, ISS, BVG, KHFM Hospitality and Facility Management, Servicemax, Absotherm Facility Management, Duster Total Solution Services, South India Group of Companies, Property Solutions India Pvt Ltd, George Maintenance Pvt Ltd, A2z Infra, Aura Facilities Management Services Pvt Ltd, Utility Project and Services P Ltd, Vikroh Facility Management, Smart Group

Related Reports:
India Vacuum Cleaner Market Outlook to 2020 - Driven by Increasing Investment in Real Estate Sector and Facility Management Cleaning Services
India Electronic Security Market Outlook to 2018 - IP-based Video Surveillance and Integrated Solutions to Drive the Future

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

Ken Research is a Global aggregator and publisher of Market intelligence research reports, equity reports, data base directories and economy reports. The company is engaged in data analytics and aids clients in due-diligence, product expansion, plant setup, acquisition intelligence to all the other gamut of objectives through our research focus.

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This release was published on openPR.