Market Size of Argentina Facility Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Facility Management Market Analysis
The Argentina facility management market is expected to grow at a CAGR of above 2.5% during the forecast period, 2022-2027. Facility management ensures the functionality of the built environment by integrating people, place, process, and technology to support an organization's core activities, including property, cleaning, security, catering and support, and others.
- The FM market in Argentina is growing mainly due to the growing construction sector by increased economic activities. In addition, the growing presence of multinational corporations in the country is witnessing the growth of the facility management market in the country. For instance, in December 2021, Two-wheeler market leader Hero MotoCorp announced the expansion of operations in Argentina with the opening of its flagship dealership in Buenos Aires in partnership with Gilera Motors Argentina.
- Furthermore, the growth of the market is driven by the adoption of facility management outsourcing and consistent demand from growing industrial and commercial sectors such as corporate offices. However, the preference for individual services and low consumer awareness about the facility services restrain Argentina's market growth.
- The growing demand and evolving technology for sustainable FM services are expected to provide opportunities for FM service providers. Most businesses are looking for building solutions that help to enable facility management services and transform the safety, comfort, and efficiency of the employees and related organizational operations.
- The impact of COVID-19 on the working environment is aggressively pushing facility managers to design new working models that include remote, onsite, and hybrid models. As corporates are increasingly adopting remote and hybrid work models, facility managers are deploying technology platforms for desk scheduling, smart tracking, and tools for effective collaboration, helping the growth of the facility management market.
Argentina Facility Management Industry Segmentation
Facility Management Services are essential for the effective operation of the business as they ensure smooth functioning of an organization and assist them in focusing on core business competence. Organizations are outsourcing these services from facility management companies that provide cost-effective solutions.
The Argentina Facility Management Market is Segmented by Type of Facility Management (In-house FM Service, Outsourced FM Service (Single FM, Bundled FM, Integrated FM)), Offering Type (Hard FM, Soft FM), and by End-User (Commercial, Institutional, Public/ Infrastructure, Industrial).
| By Type of Facility Management | |||||
| Inhouse Facility Management | |||||
|
| By Offering Type | |
| Hard FM | |
| Soft FM |
| By End-User | |
| Commercial | |
| Institutional | |
| Public/Infrastructure | |
| Industrial | |
| Others End Users |
Argentina Facility Management Market Size Summary
The Argentina facility management market is experiencing growth driven by the expanding construction sector and increased economic activities. The market is further bolstered by the rising presence of multinational corporations, which are expanding their operations in the country. This expansion is creating a demand for facility management services that integrate people, place, process, and technology to support various organizational activities such as property management, cleaning, security, and catering. The adoption of facility management outsourcing and the consistent demand from industrial and commercial sectors, including corporate offices, are also contributing to market growth. However, challenges such as a preference for individual services and low consumer awareness about facility services are hindering further expansion. The market is expected to benefit from evolving technology and the growing demand for sustainable facility management services, which offer opportunities for service providers to enhance employee safety, comfort, and operational efficiency.
The economic recovery in Argentina, following the COVID-19 pandemic, has been faster than anticipated, with significant contributions from the manufacturing sector, which includes large-scale agricultural and livestock industries. This recovery has led to increased demand for both hard and soft facility management services. The focus on energy management and efficiency, driven by the pandemic's impact on pollution and energy consumption, is also propelling the market. Businesses are increasingly adopting smart building solutions and energy management systems to optimize energy usage and reduce costs. The market is concentrated with a few domestic and international players, and as it expands, more participants are expected to enter. International companies are often partnering with local players to navigate the market landscape, as seen with CBRE Group's strategic partnership in the country.
Argentina Facility Management Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness- Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitutes
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1.2.5 Intensity of Competitive Rivalry
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1.3 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type of Facility Management
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2.1.1 Inhouse Facility Management
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2.1.2 Outsourced Facility Management
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2.1.2.1 Single FM
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2.1.2.2 Bundled FM
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2.1.2.3 Integrated FM
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2.2 By Offering Type
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2.2.1 Hard FM
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2.2.2 Soft FM
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2.3 By End-User
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2.3.1 Commercial
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2.3.2 Institutional
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2.3.3 Public/Infrastructure
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2.3.4 Industrial
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2.3.5 Others End Users
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Argentina Facility Management Market Size FAQs
What is the current Argentina Facility Management Market size?
The Argentina Facility Management Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)
Who are the key players in Argentina Facility Management Market?
CBRE Group, Cushman & Wakefield, ISS Facility Services, Facility Service SA and Facility Argentina are the major companies operating in the Argentina Facility Management Market.
