Brazil Facility Management Market to be Valued USD26.08 Billion by 2027
Growth in
real estate sector and increasing industrialization to drive the growth of the Brazil
Facility Management Market.
According to
TechSci Research report, “Brazil Facility Management Market-
By Region, Competition, Forecast & Opportunities, 2017-2027”, Brazil facility
management market is forecast to grow at a rate of 5.85% to reach USD26.08
billion by 2026. Growth in the market can be attributed to an increasing number
of ongoing infrastructural projects in the country backed by improving the
economic conditions of the country and increasing per capita income. Increasing
foreign direct investment is another major factor for the growth of the
facility management market of the country.
Favorable policies
launched by the government such as the federal government's constant reduction
of the national interest rate index, or Sistema Especial de Liquidação e
Custodia (Special System of Clearance and Custody - SELIC) are positively
influencing the growth of the market. Due to the push by the government of the country,
there is colossal growth in real estate. Growth in real estate is expected to
elevate the demand for services such as security, HVAC maintenance, cleaning
services, etc., which in turn is driving the growth of the Brazil facility
management market.
Brazil government
has announced plans to develop smart cities as part of a sustainable
infrastructure initiative. The government is planning to implement automation
and add data-driven technologies. The development of smart cities helps to
reduce energy consumption and reduce greenhouse impact. The country also has a
Green Building Council for transforming the construction and maintenance of
commercial and residential buildings towards sustainability. In 2021, the
country also held the Greenbuilding Brasil International Conference 2021, Latin
America's largest sustainable construction event, providing material to
thousands of experts from many countries over the course of 15 days of
technical lectures, master classes, and interviews covering matters of green
building.
Browse 37 Figures
spread through 121 Pages and an in-depth TOC on "Brazil Facility
Management Market"
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Brazil facility
management market is segmented based on service, type, application, source,
industry, region and company. In terms of application, the market can be
segregated into industrial, commercial, residential. Out of these, the
commercial sector led the market in 2021 with a share of over 46%, and the
segment is projected to continue its dominance until 2027. Based on service,
the market is split into property, cleaning, security, catering, support, and
others. Cleaning and property services, which include project management,
building maintenance, HVAC maintenance, and other services, ensure that
buildings and other structural frameworks are properly maintained. Growing
industrial and commercial sectors, as well as favorable financing conditions,
rising purchasing power parity, and a flourishing housing sector, are expected
to positively influence the demand for property and cleaning services in the
country.
Growth of the real
estate sector across the nation is expected to positively influence the demand
for facility management. Moreover, Brazil is the largest Latin American economy
and a vital economic jurisdiction in the region, with multiple countries
sharing its border, making it an ideal trading hub.
Key market players
in the Brazil facility management market include:
- CBRE Group, Inc.
- Jones Lang LaSalle IP, Inc. (JLL)
- Cushman & Wakefield plc
- Sodexo
- Colliers International Property Consultants, Inc.
- Manserv
- G4S Brazil
- GRSA|Compass Group
- Brasanitas Group
- ISS Global
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“Southeast Brazil
accounted for the largest revenue share, i.e., 58.84% in Brazil facility
management market in 2021. The region is expected to maintain its dominance
over the next five years as well, owing to the growing construction and
commercial activities in the region.
Moreover, Brazil's
Southeast Region is the richest in the country. Rio de Janeiro, Sao Paulo,
Espirito Santo, and Minas Gerais are the four states that make up the region.
Southeast Region has a population of 86.3 million people and covers 924,511.3
square kilometers, making it the fourth largest region by area and the most
populous.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Brazil
Facility Management Market Segmented by Service (Property, Cleaning, Security,
Catering, Support, Others), By Type (Hard, Soft), By Application (Industrial,
Commercial, Residential), By Region, Competition Forecast and Opportunity,
2017-2027” has evaluated the future
growth potential of facility management in Brazil market and provides
statistics and information on market structure, size, share and future growth.
The report is intended 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 present in Brazil facility management market.
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