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Asia-Pacific Soft Facility Management Market Size (2024 - 2029)

The Asia-Pacific soft facility management market is experiencing growth driven by increased investments in healthcare infrastructure and automation technologies, which are enhancing the demand for services such as cleaning and maintenance. The market size is further influenced by partnerships between government authorities and private entities, aiming to expand the range of soft facility management services. Despite the mixed impact of the COVID-19 pandemic, the demand for these services has risen, particularly in areas like office cleaning, waste management, and security services, as businesses and institutions prioritize hygiene and safety.

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Market Size of Asia-Pacific Soft Facility Management Industry

Asia-Pacific Soft Facility Management Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.80 %
Market Concentration High

Major Players

Asia-Pacific Soft Facility Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

APAC Soft Facility Management Market Analysis

The Asia-Pacific soft facility management market is expected to register a CAGR of 5.8% over the next five years. The outbreak of COVID-19 had a mixed business impact on soft facilities management firms in the region. The soft facility management market is witnessing multiple partnership activities between vendors and commercial entities within the region. Key SFM companies, such as CBRE Group Inc., Sodexo Inc, Aden Group, Aeon Delight Co. Ltd. (Aeon Co. Ltd), and Group Atalian, are innovating consistently by making significant R&D initiatives to bring new growth opportunities for the market.

  • Government authorities are collaborating with private players to increase the need for new soft facility management services. For instance, Ventia supports local governments throughout Australia and New Zealand by providing soft facilities management services. The complete soft facility management services include cleaning services for parks, buildings, and community facilities such as libraries, community halls, sports facilities, and pools. Such an initiative will further enhance asset management and waste management services.
  • Increasing investments in healthcare infrastructure are expected to drive market growth over the next five years. For instance, ISS is proud to be recognized as an industry leader in Cleaning Excellence with Healthcare partner Ormiston Private Hospital in New Zealand this year.
  • The growing investments in automation technologies are expected to increase the region's demand for soft facility management services. For instance, IKON has been testing robotics for many years. These fully automated, multi-application cleaning robots increase the demand for cleaning and maintenance services.
  • However, security services positively impact market growth. For instance, ISS Security Pty Ltd (ISS) partnered with Australia Pacific Airports (Melbourne) Pty Ltd (APAM) for a further four years to strengthen its security Services. Security Partnership that covers three major terminals at the Airport -terminals 2, 3, and 4.
  • During COVID-19 pandemic, it was critical to maintaining consistent hygiene overall. Commercial cleaning service providers have provided various quality cleaning services throughout Australia. For instance, the Advanced Group Company, a significant player in the market, offered cleaning services during the COVID-19 pandemic lockdown. Post-COVID-19, there is an increasing demand for soft facility services, including office cleaning, waste management, gardening, pest control, and security guard services.

APAC Soft Facility Management Industry Segmentation

The Asia-Pacific soft facility management services involve the management of building upkeep, utilities, waste services, maintenance operations, security, etc.

The study of the soft facility management market is segmented by type (office support and landscaping services, cleaning services, catering services, security services, and other SFM services), by end-user (commercial, institutional, public/infrastructure, industrial, and other end users), and by geography.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

By Type
Office Support and Landscaping Services
Cleaning Services
Catering Services
Security Services
Other Soft FM Services
By End User
Commercial
Institutional
Public/Infrastructure
Industrial
Others End Users
By Country
Australia
China
India
Japan
Indonesia
Malaysia
Singapore
South Korea
Taiwan
Thailand
Rest of Asia-Pacific
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Asia-Pacific Soft Facility Management Market Size Summary

The Asia-Pacific soft facility management market is poised for significant growth, driven by a combination of technological advancements, infrastructure development, and increased demand for comprehensive facility services. Key players such as CBRE Group Inc., Sodexo Inc., Aden Group, Aeon Delight Co. Ltd., and Group Atalian are actively engaging in research and development to innovate and expand their service offerings. The market is characterized by strategic partnerships between vendors and commercial entities, as well as collaborations between government authorities and private companies to enhance asset and waste management services. The COVID-19 pandemic has underscored the importance of hygiene, leading to a surge in demand for cleaning and maintenance services, which is expected to continue in the post-pandemic era.

The market's expansion is further supported by substantial investments in healthcare infrastructure, smart city developments, and commercial facilities, particularly in countries like India. The Indian market is experiencing a boom due to the IT sector's growth and government initiatives to develop smart cities, which are expected to attract significant investments. Additionally, the construction of new airports and domestic cargo terminals is anticipated to drive the demand for soft facility management services. The region's focus on automation technologies, such as robotics for cleaning, is also contributing to market growth. As the commercial sector continues to evolve, the need for efficient and effective facility management services is becoming increasingly critical, positioning the Asia-Pacific market for robust growth in the coming years.

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Asia-Pacific Soft Facility Management Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness- Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Assessment of the Impact of COVID-19 on the Soft Facility Management Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Office Support and Landscaping Services

      2. 2.1.2 Cleaning Services

      3. 2.1.3 Catering Services

      4. 2.1.4 Security Services

      5. 2.1.5 Other Soft FM Services

    2. 2.2 By End User

      1. 2.2.1 Commercial

      2. 2.2.2 Institutional

      3. 2.2.3 Public/Infrastructure

      4. 2.2.4 Industrial

      5. 2.2.5 Others End Users

    3. 2.3 By Country

      1. 2.3.1 Australia

      2. 2.3.2 China

      3. 2.3.3 India

      4. 2.3.4 Japan

      5. 2.3.5 Indonesia

      6. 2.3.6 Malaysia

      7. 2.3.7 Singapore

      8. 2.3.8 South Korea

      9. 2.3.9 Taiwan

      10. 2.3.10 Thailand

      11. 2.3.11 Rest of Asia-Pacific

Asia-Pacific Soft Facility Management Market Size FAQs

The Asia-Pacific Soft Facility Management Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)

Aden Group, Group Atalian, CBRE Group Inc., Sodexo Inc. and Aeon Delight Co. Ltd (Aeon Co. Ltd) are the major companies operating in the Asia-Pacific Soft Facility Management Market.

Asia-Pacific Soft Facility Management Report Snapshots

Asia-Pacific Soft Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)