ASEAN Facility Management Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

ASEAN Facility Management Market Growth

ASEAN nations, such as Malaysia, Vietnam, Thailand, and Indonesia, are increasingly attracting foreign investment due to their lower production costs, relative political stability, and strategic geographic locations. In 2022, Southeast Asia recorded a remarkable net foreign direct investment (FDI) of USD 224 billion, primarily driven by a robust recovery in manufacturing, advancements in digital economies, and enhancements in strategic supply chains. The influx of foreign investment will not only stimulate economic growth but also create substantial opportunities for the ASEAN facility management market through increased demand for services and innovation in service delivery models.

Another factor driving the market growth is the software’s diverse application in end use sectors including construction, energy, and IT and telecom. In the healthcare sector, facility management implements strategies to streamline workflows, reduce energy consumption, and implement cost-effective maintenance practices. The rise in spending on healthcare across the region drives the growth of the market. In 2024, Malaysia’s and Singapore’s healthcare budgets increased by 13.5% and 4.6%, respectively, compared to 2023, accounting for USD 8.7 billion and USD 13.8 billion, respectively. In the education sector, facility management helps in planning, maintenance, and improvement of the physical infrastructure of educational institutions, to provide a safe and conducive learning environment. In 2022, the public expenditure on education as a percentage of GDP in ASEAN countries accounted for 2.8%.

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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Key Trends and Developments

ASEAN Facility Management Market Trends

The construction sector in ASEAN countries is poised for continued growth, driven by government initiatives aimed at expanding their economies. Key construction projects in 2024 include Senna Puteri Township Development, Kumbih-3 hydro power project and Pomalaa HPAL Nickel Processing Plant. Significant investments in infrastructure projects, particularly in urban development and transportation connectivity, are thus, expected to play a crucial role in driving the demand for facility management. Moreover, as per industry reports of 2023, Indonesia's and Thailand’s construction sectors grew by 4.9% and 2.9%, respectively.

Furthermore, in the BFSI sector, facility management assists banks in achieving business goals by enhancing operation and maintenance. In 2023, South Asia had around 12.7 commercial bank branches per 100,000 adults, which also impacted ASEAN facility management market revenue. Some of the leading banks in the region include Bank Mandiri, Bank ANZ Indonesia, The Bank of Thailand, and Vietcombank.

Facility management businesses also provide support for the maintenance and operation of information technology (IT) companies. They manage server rooms, data centers, and network equipment to ensure their customers' efficiency. In August 2024, Vantage Data Centres, a global data centre company, officially broke ground on its second facility in Malaysia, located in Cyberjaya. The new data centre, KUL2, will be the largest hyperscale data centre campus in the city, designed to support cloud adoption and AI growth with a total IT capacity of 256MW.

ASEAN Facility Management Industry Segmentation

ASEAN Facility Management Market Share

Based on sector, the market is segmented into public and private sector, among others. Facility management is being increasingly adopted by private sector establishments such as property firms, property management companies, construction companies, and hotels. In 2023, number of hotels in Bali, Indonesia were 541, an increase from 507 hotels in 2019, which has positively influenced ASEAN facility management market dynamics.

Moreover, in April 2024, Integrated Facility Solutions (IFS) partnered with SoftBank Robotics Singapore to launch SmartBX Robotics Company Ltd., aiming to enhance integrated facility management in Thailand. This partnership enabled the launch of Whiz Robot to the Thai market, which is an advanced floor cleaning robot designed to transform facility maintenance.

On the other hand, the public sector uses facility management services to ensure the efficiency and reliability of government facilities. As per 2023 data, Indonesia has the presence of approximately 250 District Courts, while Vietnam has 765 first-instance trial courts and 66 appellate courts. Additionally, as per 2022 data, Thailand has 406 public offices.

Leading Companies in the ASEAN Facility Management Market

Other players included in the ASEAN facility management market report are Knight Frank LLP and Sodexo, among others.