Property Service Segment to Dominate Brazil Facility Management Market till 2024
Revival of economy through
various fiscal initiatives by government, increase in FDI investments coupled
with growing construction & infrastructural activities to drive Brazil
facility management through 2024
According to
TechSci Research report, “Brazil Facility Management Market, By Service, By Type,
By Application, By Source, By Industry, By Region, By Company, Competition,
Forecast & Opportunities, 2024”, Brazil facility management market is projected to
grow at a CAGR of around 6% during 2019-2024, on account of increasing number
of commercial establishments, growing focus on environment sustainability by
adopting LEED certification and rising technological integration resulting in
increased efficiency. Moreover, growing influence of foreign players on
integrated facility management services and rising outsourced facility
management services are further expected to drive the demand for facility
management in Brazil. Sodexo Inc., Compass Group (GRSA - Food and Service
Solutions), Grupo Brasanitas Facility Services and G4S Brazil are the major
companies operating in Brazil facility management market.
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In terms of Service,
Brazil facility management market is categorized into property, cleaning,
catering, security, support and others. Among these, property service accounts
for majority share in Brazil facility management market. The category is
expected to maintain its dominance during forecast period as well, on account
of rising demand for commercial space, new construction activities and government
initiatives such as controlling lending rate and increasing fund allocation to
infrastructure sector. In by application segment, commercial sector accounted
for the largest share in Brazil facility management market owing to recovery in
the country’s economy and growing number of commercial offices across the
country.
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“Brazil
facility management market is anticipated to grow at a robust pace during the
forecast period on account of several government initiatives for the commercial
& real estate sectors in the country, growing number of organized players in
the market along with increasing focus on outsourcing services for facility
management in the country. Moreover, increasing FDI investments and new
opportunities from upcoming infrastructural projects across the country are further
anticipated to propel the demand for facility management in Brazil.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Brazil Facility Management Market, By Service,
By Type, By Application, By Source, By Industry, By Region, By Company,
Competition, Forecast & Opportunities, 2024” has evaluated
the future growth potential of Brazil Facility Management market and provides
statistics & 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 decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in Brazil facility management market.
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