DUBLIN–(BUSINESS WIRE)–The “Philippines
Facility Management Market Outlook to 2022 – By Soft and Hard Facility
Management Services; By Single Services, Bundled Services and Integrated
Services and By Sectors” report has been added to ResearchAndMarkets.com’s
offering.
Philippines Facility Management market is still relatively nascent in
the country and is in its initial growth stage.
Facility management market growth was supported by business surge of
multinational companies, especially in the BPO industry, along with
factors like improved healthcare and increasing building efficiency in
some areas in the country. The Integrated Facility management
penetration is low due to preference for single and bundled services by
most end users, especially local companies. However, as the number of
MNCs increase in the country, the demand IFM is also expected to
increase.
Future Outlook
The future outlook of the industry is positive owing to the growing BPO
industry in the Philippines which is expected to boost the demand for
both soft and hard services. Increasing demand from multinational
clients is likely to drive future demand for IFM services in Philippines
with commercial office buildings and industrial plants being the future
penetration sectors for IFM services. The growth in construction,
tourism and healthcare industries in the country will increase the
demand of FM services by these industries.
A number of government plans such as the Build, Build, Build (BBB)
Program to accelerate infrastructure spending and develop industries in
the country, increase public spending on infrastructure projects at PHP
8 to 9 trillion from 2017 to 2022, the Tax Reform for Acceleration and
Inclusion (TRAIN) to fund investments and the Philippine Health Agenda
2016-2022 to achieve successful health system strengthening including
focus on local infrastructure that supports system wide capacity for
health workforce development are expected to further augment the demand
for soft and hard FM services in the future.
Market Segmentation
Soft services dominated the market of facility management in Philippines
as compared to hard services in 2017. The development in sectors such as
real estate, commercial and residential owing to Build, Build, Build
program has amplified the demand for soft services in the country owing
to rise in need for cleaning and security services. Hard services
segment has low share as many organizations tend to contact the
equipment OEM for servicing, in case equipment needs to be fixed, or
other maintenance is required.
Single services and bundles services contributed more to the FM market
and compared to integrated facility management services. Single or
bundled services are generally preferred by local businesses in the
country. The local businesses do not yet perceive the value they can get
from IFM. On the other hand, multinational clients in Philippines prefer
IFM because it is more cost efficient.
In 2017, Commercial sector contributed the highest revenue share to the
overall facility management industry. FM companies have been providing
soft and hard services to commercial complexes over the years and the
growth in this sector has created large potential for FM companies. This
was followed by the residential sector, healthcare sector, industrial
sector and infrastructure in terms of revenue.
The soft services facility management market has been further segmented
by type of services. Cleaning services were the largest contributor to
the soft services industry in 2017 followed by security and other soft
services including pantry services, waste management, landscaping,
courier services, reception services, mailroom and other services.
Electromechanical services have dominated the hard services market in
Philippines followed by operational and maintenance services and fire
safety and security systems during 2017 in terms of revenue.
Electromechanical services had the highest share as entities have to
incur expenditure on building temperature control, air conditioning,
electricity etc.
Additionally, it is more expensive to fix equipments falling under this
category at the time of maintenance, which makes its revenue share even
higher. Increase in the construction projects have also resulted in
elevated demand of the electromechanical services.
Competitive Landscape
The Philippines Facility Management market is highly concentrated. ISS
Facility Services Phils. Inc. is the market leader and has the highest
market share in the Facility Management market in Philippines on the
basis of revenue in 2017. This was followed by JLL (Philippines) Inc.,
Sodexo (On-Site Services), Atalian Global Services, Centuary Property
Management Inc., Santos Knight Frank and Mansion Maintenance Company.
These market players compete in the FM market in Philippines on the
basis of Price of services, quality and knowledge of services, track
record and past history within the industry and sectors serviced.
Companies are starting to get more concerned with culture of inclusion
within the FM company and the Corporate Social Responsibility activities
undertaken by them and include that parameter too in their vendor
selection process.
Key Topics Covered
- Introduction on Philippines Facility Management Market
- Business Acquisition Process in Philippines Facility Management Market
- Market Size by Revenue (2012-2017)
-
Overall Facility Management Market Segmentation by Soft and Hard
Facility Management Services, by Single Services, Bundled Services and
Integrated Services and by Sectors -
Soft Services Facility Management Market Segmentation by Type of
Services -
Hard Services Facility Management Market Segmentation by Type of
Services - Competition Scenario in the Industry
- Shares and Company Profiles of Major Players in the Market
- Vendor Selection Process
- Trends and Developments in the Facility Management Market
- Issues and Challenges in the Facility Management Market
- SWOT Analysis
- Future Outlook for the Market (2018-2022)
Companies Mentioned
- Atalian Global Services
- Centuary Property Management Inc.
- Cleanmatic Manpower Services
- Cushman Wakefield
- ISS Facility Services Phils Inc.
- JEC Philippines
- JLL (Philippines) Inc.
- Mansion Maintenance Co. Inc.
- Paramount Property Management
- Philkleen Industries Corporation
- Quess (Philippines) Corp.
- Santos Knight Frank
- Sodexo
For more information about this report visit https://www.researchandmarkets.com/r/df98eh
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Related
Topics: Facilities
Management
