India Facility Management Market Analysis-Outlook to 2027

Overview

Executive Summary

Market Performance
Facility management services comprise of soft and hard services. In India, the facility management industry is in its early stage with only 40% market penetration. The Indian FM market faces a major challenge as a large percentage of the sector is run by unorganized players that cause skill personnel's shortage and downgrade the operating revenues.

FM industry is one of the essential parts of the business conduct offering a wide range of services and solutions that can cater the need of commercial, residential and hospitality sectors broadly. Also, the surging trend among commercial and residential sectors is anticipated to boom the market growth of facilities management along with the construction sector. 
Financial services, commercial offices, utilities, and manufacturing are some of the key driving factors for private-sector growth whereas education, healthcare and government are key contributing factors to public growth.

The India facility management services market revenue reached USD ~ billion in 2019 at a growth of 18.3% however in 2020 due to the virus outbreak industry experienced its lowest performance of which hard services were the strongest hit. 

The government of India is constantly working towards uplifting MSMEs and industrial production that will boost the hard facility management sector. The government's green building initiative is expected to drive market growth. Increasing Outsourcing using non-core operational services, such as waste disposal,  logistics planning, and the growth of infrastructure construction is projected to promote the growth of the facility management services industry in coming years. 

Scope of the Study
The report titled "India Facility Management Market Analysis – Outlook to 2027" published by Makreo Research And Consulting Firm provides deep insights of facility management market performance in India with a detailed discussion of its business segments. The sector has been assessed covering the market by organized and unorganized players, soft and hard services, by end-user, by type of services (In-house & outsource), and by geography. 

Macroeconomy assessment provides an overview of the several independent factors that have a strong correlation with the facility management market and any change in these factors will lead to a change in industry performance. The report also gives an overview of major driving forces and challenges present in the industry that influence market performance. 
We have studied the future outlook till 2027 wherein have analyzed the impact of COVID-19 and forecasted post-COVID-19 demand. The assessment has been carried out using a moderate case scenario.  

Key Players Covered:
Cushman & Wakefield
CBRE
JLL
BVG (Bharat Vikas Group) 
Tenon

Key Questions Answered in the report:

• The report helps to understand past & present Facility management market scenarios.
• An in-depth analysis of the current scenario during the outbreak and its impact on the industry has been discussed in the report.
• The report helps to assess the impact of internal and external factors over the present as well as the future market performance.
• The report discusses the market by segments including by type of services, by geography, by organized and unorganized sectors.
• The report helps to gain insights on shifts that happen after the virus outbreak and future expected performance considering micro and macro industry scenarios.