Market Size of China Facility Management Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 9.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Facility Management Market Analysis
The China Facility Management Market is expected to grow by registering a CAGR of 9.1% during the forecast period (2022-2027). The growth of commercial and industrial infrastructure in the country is expected to be the major driver for the facility management services in the country.
- Driven by the continued urbanization, outsourcing penetration, and floor area growth, the facility management market is expected to reach a major height, according to China Shine, a facility management service provider in China.
- Property owners and managers in China are increasingly looking for more comprehensive and high-quality property management services, with improving living conditions and rising disposable income in China. According to the National Bureau of Statistics of China, the median per capita disposable income of residents in China was CNY 29,975 in 2021.
- The facility management services in the country are high in demand across the industrial sector that has witnessed significant growth in the last few decades. For instance, according to the National Bureau of Statistics of China, the country's total industrial production grew by 5% in March 2022, compared to the same period of the previous year.
- Moreover, compared to other developed and developing countries, outsourcing penetration is low in China, which is among the key factors restraining the growth of the studied market in the country.
- China is among the leading countries with the highest impact of the pandemic as some of the first few COVID cases were identified in the country itself. Although the country has done a remarkable job of containing the virus, the pandemic has significantly impacted the country's economy. For instance, according to the National Bureau of Statistics in China, the purchasing manager's index for the manufacturing sector stood at 50.8 in April, reporting a decrease of 1.2% from March.
- The industrial, manufacturing, and institutional sectors that are major consumers of facility management services were the highly impacted sectors in the country during the initial phase. However, with the condition moving towards normal, the facility management market is expected to witness an upward trend in demand in the country.
China Facility Management Industry Segmentation
Facilities management refers to the set of services and tools that support the Safety, functionality, and sustainability of buildings, infrastructures, grounds, and real estate. The report on the China Facility Management market offers a detailed analysis of the market and future trends by segmenting the market based on the type of facility management services, offering types, and end-users.
By Facility Management Type | |||||
In-House Facility Management | |||||
|
By Offerings | |
Hard FM | |
Soft FM |
By End-User | |
Commercial | |
Institutional | |
Public/Infrastructure | |
Industrial | |
Others |
China Facility Management Market Size Summary
The China Facility Management Market is poised for significant growth, driven by the expansion of commercial and industrial infrastructure. This growth is fueled by factors such as urbanization, increased outsourcing, and the expansion of floor areas. As property owners and managers seek more comprehensive and high-quality management services, the demand for facility management is rising, particularly in the industrial sector. Despite the challenges posed by low outsourcing penetration compared to other regions, the market is expected to recover and grow as the economy stabilizes post-pandemic. The construction industry, a major contributor to the economy, is also set to bolster the facility management market through government initiatives and development plans.
In the healthcare sector, facility management services are becoming increasingly vital due to the aging population and rising healthcare expenditures. These services are essential for enhancing patient experiences and improving clinical care efficiency. The market is witnessing investments in new healthcare facilities, further driving demand for facility management services. The competitive landscape is marked by the presence of both local and global players, who are investing in product development and expansion to strengthen their market position. Collaborative ventures and contracts in various sectors, including construction and transportation, highlight the dynamic nature of the market and its potential for continued growth.
China Facility Management Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Market Overview
-
1.2 Industry Attractiveness - Porters Five Forces Analysis
-
1.2.1 Threat of New Entrants
-
1.2.2 Bargaining Power of Buyers/Consumers
-
1.2.3 Bargaining Power of Suppliers
-
1.2.4 Threat of Substitute Products
-
1.2.5 Intensity of Competitive Rivalry
-
-
1.3 Assessment of Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Facility Management Type
-
2.1.1 In-House Facility Management
-
2.1.2 Outsourced Facility Management
-
2.1.2.1 Single FM
-
2.1.2.2 Bundled FM
-
2.1.2.3 Integrated FM
-
-
-
2.2 By Offerings
-
2.2.1 Hard FM
-
2.2.2 Soft FM
-
-
2.3 By End-User
-
2.3.1 Commercial
-
2.3.2 Institutional
-
2.3.3 Public/Infrastructure
-
2.3.4 Industrial
-
2.3.5 Others
-
-
China Facility Management Market Size FAQs
What is the current China Facility Management Market size?
The China Facility Management Market is projected to register a CAGR of 9.10% during the forecast period (2024-2029)
Who are the key players in China Facility Management Market?
Leadec Industrial Services (Shanghai) Co., Ltd., Sodexo China, CBRE Inc., ESG Holdings Limited and Aeon Delight Co., Ltd. are the major companies operating in the China Facility Management Market.