Indian Facility Management Market Report and Forecast 2024-2032

Indian Facility Management Market Outlook

The Indian facility management market is expected to grow at a rapid pace in the forecast period of 2024-2032, at a CAGR of 17%.

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This industry in India is dominated by in-house segment; however, these services are increasingly being outsourced. The growing demand for integrated facility management is also propelling the industry growth. The integrated sector in the industry is expected to further grow with the industry increasingly shifting to the organised sector. While, currently, the industry is highly fragmented and is dominated by unorganised small operators, with larger players increasingly acquiring smaller players, the industry is expected to become more organised in the coming years. The commercial sector is the leading end-use industry in the market in India, followed by industrial and other sectors. Corporate offices like IT, BPO, and BFSI sectors are rapidly shifting towards outsourcing their services, thus, driving the industry growth in India. The industry is primarily concentrated in Tier 1 and metro cities. Pune and Mumbai are expected to witness significant growth within the industry.

Globally, too, the industry is growing rapidly, driven by the rising outsourcing of services by companies. The industry is also being supported by the growing demand for integrated facilities management in the Asia Pacific region. The region is witnessing increased demand, especially for outsourced facility management services. The Asia Pacific region is also the fastest-growing region for the industry, driven by the growing economies like India and China. The rapidly rising population in these regions is also boosting the market growth.

Facility Management: Market Segmentation

Facility Management (FM) refers to a service that incorporates a wide range of fields to maintain the functionality, safety, comfort, and efficiency of the work environment by integrating people, locations, processes, services, and technologies.

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Based on sector, the industry can be bifurcated into:

• Organised Sector
• Unorganised Sector

On the basis of services, the industry can be divided into the following:

• Soft Services 
• Technical Services 
• Pest Management Services 
• Support Service 
• Cleaning 
• Security 
• Hospitality 
• Others

The industry finds its end uses in sectors like:

• Commercial 
• Residential 
• Industrial

The spending pattern can be divided into in-house and outsource. The outsourced segment is further divided into integrated and others.

The regional markets for the product include North, South, East and West India.

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Market Analysis

The facility management market in India is being driven by rapid population growth in the country. The increasing modernisation, as well as urbanisation, are also favouring the market growth. The rising need for modernisation of offices and streamlining of services is aiding the industry growth further. India is a developing economy, and thus there is an increased establishment of multinational corporations in the country. The increased demand from multinational companies is also boosting the industry growth in India. Countries like India and China are the special economic zones, an excellent platform for business expansion; thus, the growing economy is significantly aiding the industry growth.

Urban development and the expansion of the real estate sectors are driving the healthy growth of the industry in India. The government of India is also expanding its housing facilities with the rising population and the increasing migration. The demand for housing is increasing at an exponential rate. In order to meet the growing demand, there is an increased demand for facility management. Moreover, due to the increasing demand for housing facilities, the real estate market is booming. The growing real estate sector, supported by the growing construction of both residential and commercial construction like business centres, offices, manufacturing units, and housing apartments, among other constructions, is especially driving the growth of the integrated facility management segment. The industry is witnessing a rising demand from the real estate sectors in managing services like security, housekeeping, electrical, cleaning, mechanical, and civil engineering services. The industry in India is also being propelled forward by the rising construction of malls and retail stores.

Key Industry Player in the Indian Facility Management Market

The report gives a detailed analysis of the following key players in the Indian facility management market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Dusters Total Solutions Services Pvt. Ltd. 
• BVG India Limited 
• CLR Facility Services Pvt. Ltd. 
• Orion Security Solutions Pvt. Ltd.
• CSK Facility Management Pvt. Ltd. 
• Checkmate Group 
• ISS Facility Services India Pvt. Ltd.
• Handiman Services Limited
• A La Concierge Services Pvt. Ltd.  
• UrbanClap Technologies India Pvt Ltd.
• HouseJoy
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report