Published: MAY 2019 Market Intelligence . Consulting
2014 - 2024
China Facility Management Market By Organized Vs Unorganized, By Outsource Vs In-House, By Service, By Application, Competition, Forecast & Opportunities
Tables of Contents S. No.
Contents
1.
Service Overview
2.
Research Methodology
3.
Analyst View
4.
Voice of Customer
5.
4.1.
Brand Awareness Level
4.2.
Brand Satisfaction Level
China Facility Management Market Outlook 5.1.
Industry Structure & Stakeholders
5.2.
Market Size & Forecast 5.2.1.
5.3.
6.
By Value
Market Share & Forecast 5.3.1.
By Organized Vs Unorganized
5.3.2.
By In-House Vs Outsource
5.3.3.
By Service (Cleaning, Property, Catering, Security, Support and Others)
5.3.4.
By Application (Commercial, Industrial and Residential)
5.3.5.
By Region (North, North East, East, South Central, South West and North West)
5.3.6.
By Company
China Cleaning Facility Management Service Market Outlook 6.1.
Market Size & Forecast 6.1.1.
By Value Š TechSci Research
2
Tables of Contents S. No.
Contents 6.2.
7.
Market Share & Forecast 6.2.1.
By Application
6.2.2.
By Region
China Property Facility Management Service Market Outlook 7.1.
Market Size & Forecast 7.1.1.
7.2.
8.
Market Share & Forecast 7.2.1.
By Application
7.2.2.
By Region
China Catering Facility Management Service Market Outlook 8.1.
Market Size & Forecast
8.1.1. 8.2.
9.
By Value
By Value
Market Share & Forecast 8.2.1.
By Application
8.2.2.
By Region
China Security Facility Management Service Market Outlook 9.1.
Market Size & Forecast 9.1.1.
9.2.
By Value
Market Share & Forecast 9.2.1.
By Application Š TechSci Research
3
Tables of Contents S. No.
Contents 9.2.2.
10.
China Support Facility Management Service Market Outlook 10.1.
Market Size & Forecast
10.1.1. 10.2.
11.
By Region
By Value
Market Share & Forecast 10.2.1.
By Application
10.2.2.
By Region
Market Dynamics 11.1.
Drivers
11.2.
Challenges
12.
Market Trends & Developments
13.
Policy & Regulatory Landscape
14.
China Economic Profile
15.
Service Cost Analysis 15.1.
16.
Cost of Spending in China
Competitive Landscape 16.1.
CBRE Group, Inc.
16.2.
Jones Lang LaSalle Incorporated (JLL)
16.3.
ISS Group
16.4.
Sodexo Š TechSci Research
4
Tables of Contents S. No.
Contents 16.5.
Cushman & Wakefield (China)
16.6.
Colliers International Property Services Ltd.
16.7.
Synergis Holdings Limited
16.8.
ESG Holdings Limited
16.9.
Shanghai Aideite Facilities Management Co., Ltd.
16.10.
ADEN
17.
Strategic Recommendations
18.
About Us & Disclaimer
Š TechSci Research
5
Service Overview
•
According to the International Facility Management Association (IFMA), “Facility Management (FM) is a profession that encompasses multiple disciplines to ensure functionality of the built environment by integrating
people, place, process and technology”. In brief, facility management is a discipline used to support the core activities of any company, which primarily include services such as property, cleaning, security, catering and support, among others. •
Facility management services are essential for the effective operation of any business, as they ensure the smooth functioning of an organization and assist it in focusing on its core business competence. Organizations are outsourcing these services from specialized facility management companies, which provide cost-effective and specialized solutions in this area.
•
Facilities include residential, commercial and industrial infrastructure where equipment and physical assets should be maintained in proper operating conditions. The physical infrastructure is required to be taken care of in order to conduct hassle-free business operations.
•
The
scope
of
facility
management
services
increases
with
the
development of public and private infrastructure. The increase in business activity leads to expansion in the complexity of infrastructure and assets pertaining to the business. Thus, increased complexity of infrastructure and assets calls for facility management services. © TechSci Research
6
Service Overview
Facility Management Services
Property
Building Maintenance
Ground Maintenance
Cleaning
Carpet Cleaning
Floor Cleaning
Security
Catering
Support
Others
Alarm System
Inflight Catering
Front Office
Furniture Supplies
Manned Guarding
Event Catering
Porterage
Asset Management
Environment Management
Window & Façade Cleaning
Access Control
Labor Camp Catering
Helpdesk Operation
Contract Management
Damage Control
Deep Cleaning
Mobile Patrolling
Corporate Catering
Drivers
Stationary Supplies
Š TechSci Research
7
Research Methodology
Market Profiling
In-depth secondary research was conducted to determine top players in China facility management market, overall market size and segmental market share.
Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire.
Data Collection
Developing List of Respondents
List of facility management service providers, consumers and industry specialists was developed.
TechSci Research conducted interviews with industry experts and industry players for data collection and verification.
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
Primary Research
Desk Research ✓
Recent Developments
✓
Market Dynamics
✓
Questionnaire Design
✓
Government Policies
✓
In-depth Interviews
✓
Final Conclusion
Primary Research ✓ Data Filter Research & & Analysis Intelligence
Actionable Insights
Business Solution
Data was scrutinized using MS-Excel and statistical tools such as Time Series Analysis, etc., to obtain qualitative and quantitative insights about China facility management market.
Identifying Key Opinion Leaders
✓
Data Collection
Data Analysis
Data Validation
✓ ✓
TechSci Internal Database LinkedIn Interviews with Key Opinion Leaders
Company Analysis
Secondary Research ✓ ✓ ✓ ✓ ✓ ✓
Company Website Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body, Associations, etc.
✓
Market Participants
✓ ✓
Key Strengths Growth Drivers
Paid Sources
✓ ✓
Factiva Hoovers
© TechSci Research
8
Research Methodology OBJECTIVE: The primary objective of the study is to analyze and forecast China facility management market, and identify the market share by service, by application, by region and by company. Moreover, an in-depth study of facility management market was conducted, and major companies operating in China facility management market were profiled.
APPROACH & SOURCES: In order to extract, analyze and project China facility management market, both top-down and bottom-up approaches were used. Multiple employees from following companies were interviewed through telephonic as well as face-to-face meetings in order to extract and verify collected information. Partial List of Companies/Associations Interviewed Synergis Holdings Limited
Cushman & Wakefield (China)
ESG Holdings Limited
CBRE Group, Inc.
Jones Lang LaSalle Incorporated (JLL)
Sodexo
ISS Group
Colliers International Property Services Ltd.
ADEN
Shanghai Aideite Facilities Management Co., Ltd.
TechSci Research has scrutinized various published documents from following key sources to fill data gaps and verify information collected through primary research surveys. Partial List of Secondary Sources National Bureau of Statistics of China
International Facility Management Association
Ministry of Commerce, PRC
The State Council, PRC
Ministry of Foreign Affairs of the People’s Republic of China
International Monetary Fund
World Bank
Company Website and Annual Reports
Š TechSci Research
9
Research Methodology
The study has been carried out considering various aspects of China facility management market. •
In the beginning of China facility management market study, a brief study was conducted to understand each and every aspect of market outlook such as drivers, challenges, trends and various other major factors which might affect the market. Moreover,
an
in-depth
analysis
was
conducted
to
understand
China
facility
management market scenario, and gauge the competitive scenario. •
Afterwards, a detailed scrutiny of services provided by facility management companies in China was done. Impact of prevailing safety measures, and population growth was also considered and assessed.
•
In order to extract data for China facility management market, primary research surveys were conducted with key opinion leaders of facility management service providers in the country to understand historical and present trends.
•
Our dedicated team of industry experts has comprehensively monitored and analyzed various aspects of China facility management market. Taking into consideration, factors such as growing influence of foreign players in real estate market and
government initiatives, our team of analysts has provided a prudent analysis of the industry’s performance and forecast a positive outlook for the industry. NOTE: In the report, only figure 1 and 5 constitute the market for both organized and unorganized sector. Rest all the figures related to the market in the report have been given for organized sector only.
Conversion Rates: (USD-CNY) (2013-2018)
Year
2013
2014
2015
2016
2017
2018
1 USD to CNY (RMB)
6.15
6.16
6.29
6.64
6.76
6.62 © TechSci Research
10
INDUSTRY BRIEF According to TechSci Research report, “China Facility Management Market By Organized Vs Unorganized, By In-House Vs Outsource, By Service, By Application, Competition, Forecast & Opportunities, 2024’’, China facility management market is projected to cross $ 210 billion by 2024, on account of growing commercial & industrial sectors, and increasing government investments in real estate sector. Moreover, technological advancements resulting in high cost savings and •return on investment (ROI) are further likely to steer growth in China facility Xx management market. Additionally, in 2017, China received more than 1200 LEED certificates and accounted for around 47.16 million square
meters of real estate area. CBRE Group, Inc., Jones Lang LaSalle Incorporated (JLL), ISS Group, Sodexo and Colliers International Property •
Xx
Services Ltd. are some of the major market players. Among services, China facility management market is dominated• byXxcleaning services, as these services are widely used in commercial and industrial sectors. Commercial sector had the largest application share, in terms of value, in China facility management market in 2018 and is
likely to maintain its dominance during the forecast period as well. A large demand for facility management emanates from East China, which can •
Xx
be attributed to large number of commercial offices and industries across the region. However, North West region of China is anticipated to grow at the fastest CAGR during the forecast period. •
Xx
“Factors such as growing number of mergers & acquisitions by international and local companies, government incentives to first time buyers and
upgraders in residential sector is pushing demand for facility management in China. Moreover, rising shift towards green buildings for sustainable •
xx
future along with growing demand for customized facility management services in tier 1 and tier 2 cities is further likely to positively influence China facility management market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. © TechSci Research
11
SAMPLE DATA – SNAPSHOT China Facility Management Market Size, By Value, 2014-2024F (USD Billion) CAGR (2014-2018) By Value: xx%
CAGR (2019E-2024F) By Value: xx%
•
2014
2015
2016
2017
2018
Xx
2019E •
2020F
2021F
2022F
2023F
2024F
Xx
China Facility Management Market Share, By In-House Vs Outsource, By Value, 2018 & 2024F
2018
Outsource, 50.00%
In-House, 50.00%
•
Xx
•
Xx
•
Xx
Market Size (2018): USDxx Billion
2024F
Outsource , 50.00%
In-House, 50.00%
Market Size (2024F): USDxx Billion
• Xx China Cleaning Facility Management Service Market Size, By Value, 2014-2024F (USD Billion)
CAGR (2014-2018) By Value: xx%
2014
2015
2016
2017
2018
•
Xx
•
xx
2019E
CAGR (2019E-2024F) By Value: xx%
2020F
2021F
2022F
2023F
2024F © TechSci Research
12
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business
models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
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Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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