CBRE to Dominate India Facility Management Market through 2023
Growth
in commercial & residential sector, implementation of government sponsored
housing projects, along with booming IT/ITES and banking sectors to fuel India
facility management market through 2023.
According to recently
published TechSci Research report “India
Facility Management Market By Service, By Application,
Competition Forecast & Opportunities, 2013 – 2023’’,
India facility management market is projected to surpass $ 100 billion by 2023 on
account of growing demand from commercial & residential sector and increasing population
in the country’s tier 1 cities. Moreover, government’s
smart city initiative coupled with booming IT and banking sectors is likely to positively influence India facility
management market in the coming years. However the market is
dominated by unorganized players CBRE Group, Inc. accounted for the
largest share in India facility management organized market in 2017 and is
likely to maintain its dominance through 2023 as well. CBRE Group is followed by Jones Lang
LaSalle Incorporated (JLL), SIS Group Enterprises, and Quess Corp Ltd..
Browse 38
market data Figures and 8 Tables spread through 86 Pages and an in-depth TOC
on "India
Facility Management Market" https://www.techsciresearch.com/report/india-facility-management-market/1383.html
Among
different services, India facility management market is dominated by property services
as these services are widely used across residential and commercial sectors. Commercial
sector had the largest application share, in value terms, in India facility
management organized market in 2017, and the segment is likely to maintain its
dominance throughout the forecast period as well. A large demand for facility
management emanates from West India which can be attributed to high and rising construction
activities in the region. Most of the facility management services are
insourced in the country and this trend is expected to continue during the
forecast period.
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“Upcoming metro projects
in the country, allotment of funds under new housing schemes by the government
of India and technological integration of facility management services
resulting in high cost savings and return on investment are likely to boost the
revenues of facility management service providers in the country during the
forecast period.
Moreover, rising number of infrastructure projects in the
country would further steer growth in India facility management market over the course of next five years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India Facility
Management Market By Service, By Application, Competition Forecast
& Opportunities, 2013 – 2023” has
evaluated the future growth potential of India facility management market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decision. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India facility management market.
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