Latin America Soft Facility Management Market Size (2024 - 2029)

The Latin America soft facility management market is poised for growth, driven by increasing demand from various private and public projects, including construction and infrastructure developments. The market's expansion is supported by significant investments in commercial facilities and infrastructure projects such as hospitals and airports, alongside a rising awareness of the benefits of soft facility management services. Despite the initial negative impact of COVID-19 on workspace operations, the shift towards enhanced hygiene and new working patterns is expected to create new opportunities for market growth.

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Market Size of Latin America Soft Facility Management Industry

Latin America Soft Facility Management Market Summary
Study Period 2022 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2022 - 2022
CAGR 5.00 %
Market Concentration Medium

Major Players

Latin America Soft Facility Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Latin America Soft Facility Management Market Analysis

The soft facility management market in Latin America is estimated to register a CAGR of 5.0 % over the next five years. Several private and public projects, including construction, infrastructural, energy projects, etc., are creating a massive demand for the soft facility management market.

  • The Key players in the soft facility management market include CBRE Group, Inc., Cushman & Wakefield plc, Sodexo, Inc., Ecolab Inc., and ISS A/S are offering cleaning facility management services, catering services, additional support, landscaping services, and security services that will drive new growth opportunities in the end-user industries (Commercial, Institutional, Public/Infrastructure, Industrial) across Latin America.
  • An increase in the development of commercial facilities, along with significant investments in infrastructure projects such as hospitals, airports, and educational institutions, are expected to drive market growth. Increasing awareness of the benefits of soft facility management services is expected to fuel the market's growth.
  • According to the United Nations Conference on Trade and Development (UNCTAD), Mexico was the 10th largest destination for foreign direct investments, with approximately USD 32 billion in 2021, an increase of USD 4 billion from 2020. Also, the value of greenfield projects announced increased by 43%. Growing investments in greenfield projects are expected to drive the growth of the market studied.
  • The spread of COVID-19 has forced the mass closure of workspaces and the implementation of work-from-home policies in most industries, especially in the corporate buildings of the IT and telecommunication sector, which negatively affected the market. However, for some businesses, the new normal initially may mean virus-proofing their offices through short-term fixes, new working patterns, and long-term design upgrades that put hygiene at the core of workplace planning. This may positively impact the region's soft services, such as COVID-19 cleaning services.

Latin America Soft Facility Management Industry Segmentation

In Latin America, soft facility management services involve building upkeep, utilities, waste services, maintenance operations, security, etc. The study of the soft facility management market is segmented by type (Office Support and Landscaping Services, Cleaning Services, Catering Services, Security Services, and Other Soft FM Services), by end-user (Commercial, Institutional, Public/Infrastructure, Industrial), and by country.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type
Office Support and Landscaping Services
Cleaning Services
Catering Services
Security Services
Other Soft FM Services
By End User
Commercial
Institutional
Public/Infrastructure
Industrial
Others
By Country
Brazil
Mexico
Argentina
Rest of the Latin America
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Latin America Soft Facility Management Market Size Summary

The Latin America soft facility management market is poised for significant growth, driven by a surge in private and public projects across various sectors such as construction, infrastructure, and energy. Key players like CBRE Group, Cushman & Wakefield, Sodexo, Ecolab, and ISS A/S are actively offering a range of services including cleaning, catering, landscaping, and security, which are expected to create new growth opportunities across commercial, institutional, public, and industrial sectors. The market is further bolstered by increasing investments in infrastructure projects such as hospitals, airports, and educational institutions, alongside a growing awareness of the benefits of soft facility management services. The region's focus on smart city development and advanced automation technologies is anticipated to further propel market demand over the coming years.

In Brazil, the soft facility management market is experiencing growth due to the rise in commercial establishments, technological integration, and foreign direct investments. The ongoing infrastructure development, expanding real estate sector, and demand for energy-efficient green buildings are contributing to this growth. The market is moderately fragmented, with major players engaging in strategic partnerships and certifications to enhance their service offerings. Notable developments include CBRE Group's partnership with Townsend Holdings and Sodexo's achievement of Facility Service Management System Certification. These advancements, along with innovative product launches like Ecolab's No-Rinse Alkaline Floor cleaner, are expected to drive efficiency and resource savings, further supporting market expansion in the region.

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Latin America Soft Facility Management Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness-Porter's Five Force Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Impact of COVID-19 on the Soft Facility Management Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Office Support and Landscaping Services

      2. 2.1.2 Cleaning Services

      3. 2.1.3 Catering Services

      4. 2.1.4 Security Services

      5. 2.1.5 Other Soft FM Services

    2. 2.2 By End User

      1. 2.2.1 Commercial

      2. 2.2.2 Institutional

      3. 2.2.3 Public/Infrastructure

      4. 2.2.4 Industrial

      5. 2.2.5 Others

    3. 2.3 By Country

      1. 2.3.1 Brazil

      2. 2.3.2 Mexico

      3. 2.3.3 Argentina

      4. 2.3.4 Rest of the Latin America

Latin America Soft Facility Management Market Size FAQs

The Latin America Soft Facility Management Market is projected to register a CAGR of 5% during the forecast period (2024-2029)

CBRE Group, Inc., Cushman & Wakefield plc, Sodexo, Inc., Ecolab Inc. and ISS A/S are the major companies operating in the Latin America Soft Facility Management Market.

Latin America Soft Facility Management Report Snapshots

Latin America Soft Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)