2014 – 2024 CHINA FACILITY MANAGEMENT MARKET FORECAST & OPPORTUNITIES
www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Facility Management
China facility management market is projected to grow at a steady CAGR during the forecast period owing to the increasing construction activities in the commercial as well as industrial sectors across the country. Moreover, growing focus on accreditation by adopting LEED certification and rising pace of infrastructure development is anticipated to positively influence China facility management market. Increase in government investments in real estate sector are also expected to aid growth of China facility management market during forecast period.
Market Segmentation SECTOR
APPLICATION
•
Organized
•
Commercial
•
Unorganized
•
Industrial
•
Residential
Review Period
SOURCE •
In-House
REGION
•
Outsource
•
East
•
North
•
North East
•
South Central
•
South West
Estimated Year
•
North West
2019
SERVICE
© TechSci Research
Year Range
•
Cleaning
•
Property
•
Catering
•
Security
•
Support
•
Others
2014 – 2017 Base Year
2018
Forecast Period
2020 – 2024
2
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.
Market Share & Forecast 5.3.1.
By Sector (Organized Vs Unorganized)
5.3.2.
By Source (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 (East, North, North 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.
Š TechSci Research
By Value
By Value
3
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
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.
Š TechSci Research
By Value
By Application
4
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 and Regulatory Landscape
14.
China Economic Profile
15.
Competitive Landscape
16.
Strategic Recommendations
17.
About Us & Disclaimer
Š TechSci Research
5
RESEARCH METHODOLOGY
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 size.
Formulating Questionnaire
In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.
Developing List of Respondents
Data Collection
Data Validation
Data obtained as a result of primary and secondary research was validated through rigorous triangulation.
TechSci conducted interviews with industry experts and industry players for data collection and verification.
List of industry players and industry specialists was developed.
Primary Research
Data Collection
Data Filter & Analysis
Research & Intelligence
Actionable Insights
Business Solution
LinkedIn TechSci Internal Database
Secondary Research ✓ ✓ ✓ ✓ ✓ ✓ ✓
© TechSci Research
✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion
✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews
Primary Research ✓ ✓
Desk Research
Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc.
Data Analysis
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about China facility management market.
Company Analysis ✓ Market Participants ✓ Key Strengths
Paid Sources
✓ ✓
Factiva Hoovers
7
Research Methodology Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of China facility management market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as increase in construction activities across
commercial as well as industrial sectors in the country. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in China facility management market.
Methodology Followed for Calculation of Market Size:
•
Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as facility management service providers, distributors, supplier companies, end users, industry experts and other industry participants.
•
The team interviewed more than 10-20 facility management service providers, 50 – 75 major end users, 15 – 20 industry experts and other stakeholders in China facility management market to obtain the overall market size from 2014 to 2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2014-2018.
© TechSci Research
8
Research Methodology •
Respondents were asked about the current and future market growth rates, market shares by sector, by source, by service, by application, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the service of facility management.
Methodology Followed for Calculation of Market Shares: Market shares by sector, by source, by service, by application, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various services under facility management market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: •
TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software.
•
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast China facility management market, TechSci Research used various forecast techniques such as: ✓
Moving Average
✓
Time Series Analysis
✓
Regression Analysis
✓
Econometric and Judgmental Analysis
© TechSci Research
9
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand emanating in the market. It should be noted that the figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed ▪ CBRE Group, Inc. ▪ Jones Lang LaSalle Incorporated (JLL)
Key Secondary Sources
▪ World Bank ▪ TechSci Research Proprietary Database & Knowledge
▪ ISS Group Repository ▪ Sodexo ▪ Cushman & Wakefield (China)
▪ Company Annual Reports
▪ Colliers International Property Services Ltd.
▪ Industry Magazines
▪ Synergis Holdings Limited
▪ Industry Reports
▪ ESG Holdings Limited
▪ News Dailies
▪ Shanghai Aideite Facilities Management Co., Ltd. ▪ Credible Paid Databases ▪ ADEN
© 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 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 Services Ltd. are some of the major market players. Among services, China facility management market is dominated by cleaning 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 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. “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 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 (USD Million), 2014–2024F
6.00
5.00
8.00
7.00
CAGR By Value
2014
XX%
9.00
10.00
2018
2019E
11.00
13.00
12.00
14.00
CAGR By Value
YY%
By Value (USD Million)
15.00
2024F
China Facility Management Market Share, By Application, By Value, 2014–2024F Commercial 2024F 2022F 2020F 2018 2016 2014
Industrial
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
Residential
33% 33% 33% 33% 33% 33% 33% 33% 33% 33% 33%
33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33% 33.33%
China Cleaning Facility Management Service Market Share, By Region, By Value, 2018 & 2024F
2024 2018
North China
North-East China
East China
North China
North-East China
East China
South-Central China
South-West China
North-West China
South-Central China
South-West China
North-West China
© TechSci Research
12
REPORT ORDERING
Report Name: CHINA FACILITY MANAGEMENT MARKET FORECAST & OPPORTUNITIES 2014 – 2024
License Type
Price
Single User License
$3450
Multi-User License
$4450
Custom Research License
$8450
To View Sample OR Purchase Report
© TechSci Research
13
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 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.
Related Reports
Italy Facility Management Market, 2024 Global Building Energy Management Solutions Market, 2024 Qatar Building Automation and Control Systems Market, 2024 UAE Facility Management Market, 2024
TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com
TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com
TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com
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 firsthand. 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.
Partial List of Clients