Dublin, Jan. 04, 2021 (GLOBE NEWSWIRE) -- The "Australia Facility Management Market by Service (Property, Cleaning, Security, Support, Catering, Others), by Type (Hard, Soft & Others), by End User (Commercial, Industrial, Residential), by Source (Outsource v/s Inhouse), by Company, by Region, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
The Australian Facility Management Market is expected to grow at a steady rate during the forecast period.
The Australian Facility Management Market is driven by the growing need to improve the organizational processes and efficiencies while reducing the overall cost and dependency on human resources. Additionally, the increasing need to create a safer work environment along with adhering to the environmental and regulatory compliances is further expected to propel the market growth through 2025.
Furthermore, supportive government policies & schemes facilitating infrastructural development and building automation are further expected to fuel the market growth. Besides, increased adoption of technologies such as IoT, AI, augmented reality, cloud based solutions, among others coupled with increasing investments by the major players operating in the market is further expected to create lucrative opportunities for the market growth.
However, dearth of skilled professionals and expertise can hamper the market growth over the next few years. Also, lack of managerial awareness and inadequate process frameworks can further restrict the market growth during the forecast period.
The Australian Facility Management Market is segmented based on service, type, end-user, source, company, and region. Based on type, the market can be categorized into hard, soft and others. The soft type is expected to dominate the market through 2025 since it includes services such as cleaning, water disposal, security, among others. The hard type is also expected to witness growth on account of the ongoing infrastructural developments in the country.
Based on end-user, the market can be grouped into commercial, industrial and residential. The commercial segment is expected to dominate the market on account of increasing working population which requires office spaces. This growth in office spaces has increased the demand for integrated facility management thereby driving the segmental growth during the forecast period.
The major players operating in the facility management market are Spotless Group Holdings Limited, Ferrovial Services Australia Pty Ltd, Programmed Maintenance Services Limited, Serco Group Pty Limited, Fresh Start Australia, ISS Australia, Broadspectrum, BGIS, JLL Inc., GJK and others.
Major companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Australia Facility Management Market
4. Executive Summary
5. Voice of Customer
6. Australia Facility Management Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Service (Property, Cleaning, Security, Support, Catering, Others)
6.2.2. By Type (Hard, Soft, Others)
6.2.3. By End User (Commercial, Industrial, Residential)
6.2.4. By Source (Outsource v/s Inhouse)
6.2.5. By Company (2019)
6.2.6. By Region
6.3. Product Market Map
7. Australia Property Services Facility Management Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Service
7.2.2. By Type
7.2.3. By End User
7.2.4. By Source
8. Australia Cleaning Services Facility Management Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Service
8.2.2. By Type
8.2.3. By End User
8.2.4. By Source
9. Australia Security Services Facility Management Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Service
9.2.2. By Type
9.2.3. By End User
9.2.4. By Source
10. Australia Support Services Facility Management Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Service
10.2.2. By Type
10.2.3. By End User
10.2.4. By Source
11. Australia Catering Services Facility Management Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value
11.2. Market Share & Forecast
11.2.1. By Service
11.2.2. By Type
11.2.3. By End User
11.2.4. By Source
12. Market Dynamics
13. Market Trends & Developments
14. Policy & Regulatory Landscape
15. Australia Economic Profile
16. Competitive Landscape
16.1. Spotless Group Holdings Limited
16.2. Ferrovial Services Australia Pty Ltd
16.3. Programmed Maintenance Services Limited
16.4. Serco Group Pty Limited
16.5. Fresh Start Australia
16.6. ISS Australia
16.9. JLL Inc.
17. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/s3e5pz
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