The growing influence of real estate players in China, smart cities development, and rapid infrastructure development to drive the China’s facility management market through 2027. According to TechSci Research report, “China Facility Management Market– By Region, Competition Forecast & Opportunities, 2017-2027,” China Facility Management Market is estimated to reach USD198.00 billion in terms of value by 2027.
The Important Elements of China’s facility management market
Growth in the facility management market is driven by rising demand for sustainable and energy-efficient green building solutions, technological integration, increasing focus on outsourcing, and the booming market of the Internet of Things. Moreover, surging demand for cyber and information security management, growing usage of integrated workplace management system, and smart city development is also expected to impact the market growth.
Browse 74 market data Figures spread through 70 Pages and an in-depth TOC on the “China Facility Management Market” @ https://www.techsciresearch.com/report/china-facility-management-market/3405.html
China Facility Management Market is segmented based on Sector, Service, Application, Enterprise Size, Service Delivery, and region. Based on service, the market is segmented into property, cleaning, security, catering, support, and others. The property facility management segment held the largest market share in 2021 owing to easy credit conditions, increasing purchasing power parity, and the booming housing sector in the country.
The high market share of property and cleaning segments can be attributed to increasing investments in the real estate sector in the country. The growth of the real estate sector across the country is expected to have a positive impact on the demand for property and cleaning services in the forecast period. Furthermore, favorable social factors such as income level, literacy, rate, etc. are expected to benefit the property and cleaning facility management market during the forecast period.
Based on Sector, the market is bifurcated into Organized and Unorganized. The unorganized sector dominates the market with a 68.80% market share in 2021 and will grow at 8.38% CAGR in the forecast period.
Based on application, the market is segmented into industrial, commercial, and residential segments. The commercial segment is the largest contributing segment by application owing to the growing digital transformation of services in various industries.
In China, the majority of companies that are operational in the facility management market must deal with large geographical areas. Therefore, many companies are looking for innovative solutions such as streamlining communication to manage manpower and day-to-day operations. Artificial intelligence, mobile internet, and the Internet of Things have enabled the harnessing of real-time data of different hard and soft services. Different companies adopting these techniques can monitor and manage the workforce in near-real time.
In the year 2020, to prevent the spread of COVID-19, the government implemented a lockdown which impacted the facility management market. According to TechSci Research’s estimates, the market suffered a decline of -4.56% in terms of value. This decline left a remarkable depreciation in the market, but the market is currently reviving and is set to overcome the descent in 2021-2022, owing to the increasing awareness of cleanliness, security, and maintenance. Furthermore, the facility management service providers are offering end-to-end facility management services to the government and private sectors which allows them to work more efficiently in key areas.
On the basis of region, East China accounted for the largest share of China’s facility management market in 2021. Shanghai and Jiangsu in East China are the two largest metropolitan areas in the country in terms of development which are driving the facility management market. Moreover, tourism activities in these regions are anticipated to contribute to the growth in hotel and hospitality services, thus creating enough opportunities for facility management services.
Download Free Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3405
Customers can also request 10% free customization on this report.
The Major competitors of the China facility management market
- CBRE Group, Inc.
- Jones Lang LaSalle Incorporated (JLL)
- ISS Group
- Sodexo
- Cushman & Wakefield (China)
- Colliers International Property Services Ltd.
- Synergis Holdings Limited
- ESG Holdings Limited
- Shanghai Aideite Facilities Management Co., Ltd.
- ADEN are among the major market players in the China facility management market. Companies operating in the market are using organic strategies such as product advancement through the addition of new features, partnerships, mergers, and collaborations to boost their share in China Facility Management Market.
“Rising demand for sustainable and energy-efficient green building solutions, shifting trend towards automated building management solutions, such as smart buildings, and integration of facility management in building design are driving the China Facility Management Market. Moreover, the booming Internet of Things (IoT) market, surging demand for cyber and information security management, and increasing usage of CAFM & BIM software have also been positively influencing the market. Continuance of such trends and increasing awareness about cleanliness, security, and maintenance are expected to drive the China Facility Management Market in the coming years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“China Facility Management Market, By Sector (Organized, Unorganized), By Service (Property, Cleaning, Security, Support, Catering & Others), By Application (Commercial, Industrial, and Residential), By Enterprise Size (Small, Medium, Large), By Service Delivery (Bundled, Integrated, Single Service) and By Region, Competition Forecast & Opportunities, 2017-2027” has evaluated the future growth potential of China’s Facility Management Marketand provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in China Facility Management Market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high-growth and emerging markets, leading technologies, and niche applications. Our workforce of more than 100 full-time analysts and consultants employing innovative research solutions and tracking global, and country-specific high-growth markets helps TechSci clients to lead rather than follow market trends.
Related Reports
Landscaping Market Analysis by Size Growth, Demand, Trends, Share & Overview
Airport Infrastructure Services Market Analysis by Size Growth, Demand, Trends, Share & Overview
Elevator & Escalator Market Analysis by Size Growth, Demand, Trends, Share & Overview
Elevator Modernization Market Analysis by Size Growth, Demand, Trends, Share & Overview
Table of Content
Service Overview
- Research Methodology
- Executive Summary
- Voice of Customer
4.1. Overall Brand Satisfaction Level
4.2. Brand Satisfaction Level wrt Availability
4.3. Brand Satisfaction Level wrt Mode of Distribution
4.4. Brand Satisfaction Level wrt Pricing
4.5. Brand Satisfaction Level wrt Sales Service
- China Facility Management Market Overview
5.1. Industry Structure and Stakeholders
5.2. Porter’s Five Force Analysis
5.3. Market Size & Forecast
5.3.1. By Value
5.4. Market Share & Forecast
5.4.1. By Sector (Organized, Unorganized)
5.4.2. By Service (Property, Cleaning, Security, Support, Catering & Others)
5.4.3. By Application (Commercial, Residential, and Industrial)
5.4.3.1. By Commercial (Healthcare, Education Institution, Corporate office, Other)
5.4.3.2. By Residential (Apartments, Dormitories, Individual Houses, Others)
5.4.3.3. By Industrial (Automotive Sector, Chemical Sector, Oil and Gas Sector, Other)
5.4.4. By Enterprise Size (Large, Medium, Small)
5.4.5. By Service Delivery (Bundled, Integrated, Single Service)
5.4.6. By Region
5.4.7. By Company (2021)
5.5. China Facility Management Product Market Map
- China Property Management Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Sector (Organized, Unorganized)
6.2.2. By Application (Commercial, Residential, and Industrial)
6.2.2.1. By Commercial (Healthcare, Education Institution, Corporate office, Others)
6.2.2.2. By Residential (Apartments, Dormitories, Individual Houses, Others)
6.2.2.3. By Industrial (Automotive Sector, Chemical Sector, Oil and Gas Sector, Others)
6.2.3. By Enterprise Size (Large, Medium, Small)
6.2.4. By Service Delivery (Bundled, Integrated, Single Service)
6.2.5. By Region
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]