East China to Witness High Demand for Facility Management through 2024
Rapid
infrastructure development along with increasing demand for customized facility
management services in Tier 1 and Tier 2 cities to propel demand for facility
management in China through 2024
According to
TechSci Research report, “China
Facility Management Market By
Organized Vs Unorganized, By In-House
Vs Outsource, By Service, By Application, Competition, Forecast &
Opportunities, 2024’’,
China facility management market is projected to cross $ 210 billion by 2024, on
account of growing commercial & industrial
sectors, and increasing government
investments in real estate sector. Moreover, technological advancements resulting
in high cost savings and return on investment (ROI) are further likely to steer growth in China facility
management market. Additionally,
in 2017, China received more than 1200 LEED certificates and accounted for
around 47.16 million square meters of real estate area. CBRE Group, Inc., Jones Lang LaSalle Incorporated (JLL), ISS Group, Sodexo and Colliers
International Property Services Ltd. are some of the major market players.
Browse 2 market data Table and 35 market
data Figures spread through 77 Pages and an in-depth TOC on "China Facility Management
Market"
https://www.techsciresearch.com/report/china-facility-management-market/3405.html
Among services, China facility management market is
dominated by cleaning services, as these services are widely used in commercial
and industrial sectors. Commercial sector had the largest application share, in
terms of value, in China facility management market in 2018 and is likely to
maintain its dominance during the forecast period as well. A large demand for facility
management emanates from East China, which can be attributed to large number of
commercial offices and industries across the region. However, North West region
of China is anticipated to grow at the fastest CAGR during the forecast period.
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“Factors such as growing
number of mergers & acquisitions by international and local companies, government
incentives to first time buyers and upgraders in residential sector is pushing
demand for facility management in China. Moreover, rising shift towards green
buildings for sustainable future along with growing demand for customized
facility management services in tier 1 and tier 2 cities is further likely to
positively influence China facility management market in the coming years.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“China Facility Management Market By Organized Vs Unorganized, By In-House Vs Outsource, By Service, By
Application, Competition, Forecast & Opportunities, 2024’’ has evaluated the future growth potential of China 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 decisions. Besides, the report
also identifies and analyses the emerging trends along with essential drivers,
challenges and opportunities in China facility management market.
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