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Key Findings

  • The industry revenue for soft services is expected to increase at a CAGR of 5.2% during the period 2018-2023E, while the industry revenue for hard services will increase at a CAGR of 8.8% during the same period.
  • Higher inflow of FDI across sector, government spending on infrastructure development and increasing demand of commercial office spaces from MNC’s and big corporate are likely to be the key focus areas for integrated facility management (IFM) services.
  • Trends such as alternative use of spaces, development of smart cities environmental sustainability, sustainable procurement and adoption of technologies such as IOT and artificial intelligence are expected to shape the delivery of services in future.

Growing demand of Integrated Facility Management (IFM) Services: Vietnam integrated facility management market is at a growing stage and its penetration has been relatively low in the past due to the lack of standardization of contracts,  lack of awareness of the benefits of such services amongst end users and low affordability in the market. However, the growing trend in adopting IFM services can be attributed to greater focus on cost cutting measures and achieving operational efficiency by the end clients. In future, it is anticipated that, IFM will contribute 12.5% share in generating revenues for the facility management industry in Vietnam in 2023E.

Rapid increase in Outsourcing of Public Sector Projects: In future it is anticipated that, outsourcing of public sector projects through PPP and Build operate transfer (BOT) will increase the demand for managing critical environment (crude oil, Gas Pipe lines, electricity grids and others) that requires high skills. Moreover, they carry higher profit margins and require a longer tenure of service.

Disinvestment measures adopted by the Government: Due to inefficient operations of the state owned enterprises, the governments has taken measures to disinvest a large chuck of public sector enterprises over the last 5 years and are going to continue with this course. Privatization of industries will lead to better quality control measures and higher standards of production which will inevitably call for more facility management services.

Increase in Commercial activities: An increase in commercial activities has lead to greater utilization of available space, thereby placing importance on efficiency. This has also lead to the rise of alternate uses of space, co-working spaces and so on.  Commercial sector contributed the highest revenue share of 40.0% to the overall facility management industry in Vietnam in 2018. In-house personnel have contributed above 55% in generating revenues in the overall facility management market in 2018.

Analysts at Ken Research in their latest publication Vietnam Facility Management Market Outlook to 2023 – By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and Others) and Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Commercial, Industrial, Hospitality, Residential, Infrastructure and Others)” believed that the facility management market in Vietnam will increase due to greater FDI inflows and increasing partnerships with major domestic players for specific expertise in the (soft and hard) services. The market is expected to register a positive CAGR of 6.0% in terms of revenue during the forecast period 2018-2023E.

Key Segments Covered

By Soft Services and Hard Services

  • Soft Services
    • Housekeeping (including Cleaning)
    • Landscaping
    • Security
    • Others (Waste Management, Mail Delivery Services)
  • Hard Services
    • Electromechanical Services (including HVAC)
    • Operational and Maintenance Services
    • Fire Safety and Security Systems

By Type of Services

  • Single Services
  • Bundled Services
  • Integrated Facility Services

By End User Sectors

  • Commercial sector
  • Industrial Sector
  • Hospitality Sector
  • Residential sector
  • Infrastructure and others

Time Period Captured in the Report:

  • Historical Period: 2013-2018
  • Forecast Period: 2019-2023E

Companies Covered:

  • JLL
  • CBRE
  • RCR Resolve FM Vietnam
  • Sodexo
  • Aden
  • Atalian
  • Savills
  • Aeon Delight
  • PMC
  • P. Dussmann Co. Ltd.

Key Topics Covered in the Report

  • Introduction on Vietnam Facility Management Market
  • Business Acquisition Process in Vietnam Facility Management Market
  • Vietnam Facility Management Market Overview and Genesis
  • Vietnam Facility Management Market Size by Revenue, 2018
  • Vietnam Soft Facility Management Market Segmentation
  • Vietnam Hard Facility Management Market Segmentation, 2018
  • Trends and Developments in the Facility Management Market
  • Issues and Challenges in the Facility Management Market
  • Vendor Selection Process
  • SWOT Analysis of Vietnam Facility Management Market
  • Competitive Landscape in Vietnam Facility Management Market
  • Vietnam Facility Management Market Future Outlook and Projections, 2018-2023E

For more information on the market research report, please refer to the below link:

https://www.kenresearch.com/manufacturing-and-construction/real-estate/vietnam-facility-management-market/197078-97.html

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The report provides a comprehensive analysis on the Facility Management Industry of Australia. The report covers various aspects including introduction on Australia Facility Management market, business acquisition process vendor selection process, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions.

Australia Facility Management market is at a matured stage. Australia Facility Management market in terms of revenue has increased at a positive CAGR during the period FY’2013-FY’2018. This growth was supported by public sector outsourcing, cost control measures, greater demand from many end user sectors, adoption of sustainable practices and technological advances, along with rising demand for commercial and residential spaces in the country, wherein market players catered to the needs of the clients for both hard and soft services. The customers in the market are highly price sensitive.

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The report covers introduction on Indonesia Facility Management market, business acquisition process, vendor selection process, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with market projection and analyst recommendations highlighting the major opportunities and cautions. Indonesia Facility Management market is at the growing stage. Indonesia Facility Management market in terms of revenue has increased at a positive CAGR during the period 2012-2018(P). This growth was supported by the growth of multinational companies, especially in the construction industry, along with rising demand for industrial and residential spaces in the country, wherein market players catered to the needs of the clients for both hard and soft services. The customers in the market are highly price sensitive and lack awareness about the importance of facility management services has resulted in low penetration.

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 (Commercial, Residential, Healthcare, Industrial And Infrastructure)

The report provides a comprehensive analysis on market size by revenue (2012-2017), 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 (housekeeping, security, landscaping and others), hard services facility management market segmentation by type of services (electromechanical, operations and maintenance services, Fire Safety and Security Services), competition scenario, shares and company profiles of major players in the market, vendor selection process, trends and developments, issues and challenges in the facility management market and SWOT analysis of the industry. The report also includes future outlook for the market (2018-2022) including estimated market size in terms of revenue and market segmentation by soft and hard facility management services, by single services, bundled services and integrated services and by sectors.

The report is useful for facility management companies, real estate and consulting companies to align their market centric strategies according to ongoing and expected trends in the future.

Oman Facility Management Market Outlook to 2022 – By Soft Services (Housekeeping, Landscape Access and Façade Access, Security, Others) and By Hard Services (HVAC, Electromechanical, Operational and Maintenance, Fire Safety and Security)

The report provides a comprehensive analysis of Facility Management in Oman. The report focuses on overall market size, market segmentation by Types of Services (Single, Bundled and Integrated Services), by Sectors (Commercial, Hospitality, Residential, Industries and other sectors), by In house and Outsourcing services and by Hard and Soft Services. The report also covers the overall trends and developments, Vendor selection process and Competitive landscape. The report concludes with market projections for future for the market described above highlighting the major opportunities and cautions for Oman Facility Management.

The Facility Management (“FM”) market in Oman has witnessed robust growth during the review period; however, the market is still in its growth stage. The market is highly fragmented with large number of players operating within the FM industry. The FM market in the past was dominated by soft services but technological advancement and increasing need for building maintenance has resulted in rising demand for hard services. The major growth drivers for the industry include the booming real estate market, growing construction industry, increasing number of shopping malls and supermarkets, expanding hospitality sector and focus on Green Buildings aligned to Vision 2030; creating opportunities for FM services in the country.

 

SOURCE Ken Research