Australia Facility Management Market Size (2024 - 2029)

Australia Facility Management Market Analysis

The Australia Facility Management Market is expected to grow at a CAGR of 8.13 % during the forecast period 2022-2027. Facility management consists of a wide range of solutions and services to influence enterprises' efficiency and productivity. Conforming with the industry standards and certifications, the new management system establishes a benchmark for driving effective facility management principles across Australia.

• ISO 41001 is an international standard for a facility management system. It offers a framework to implement, develop, and maintain the ideal benchmark of effective facilities management across industry sectors worldwide. Therefore, a Facility Management Standard that sets apart the industry by adopting global best practices and policies has offered a win-win situation for FM organizations and customers in this country.
• The Australian facility management market is at a mature stage. The public sector outsourcing supports the growth of the market, greater demand for end-user sectors, cost control measures, rising demand for commercial and residential spaces, and the adoption of sustainable and green practices and technological advancements. The customers in the market are highly price-sensitive, and market players provide solutions for both hard and soft services to the clients.
• The integrated facility management market is relatively at a growing stage. Its demand is increasing in the country due to greater outsourcing of services and an aim to achieve operational and cost efficiency for both vendors and clients. Facility management services are used by both MNCs and local companies in the country. However, because of their small scale of operations, local companies prefer single and bundled services, whereas MNCs prefer integrated facility management services in the country.
• Facility Management Services across Sydney, Melbourne, Perth, and Brisbane depict a growing sector. With the rising infrastructure development projects across Australia for economic growth, facility management services are also required to a considerable extent.
• The Government is backing regional industries with an investment of USD 7.1 billion in the 2022-23 Budget to drive economic development. Under the Energy Security and Regional Development Plan, the Government will transform key regions into next-generation export hubs. With investment in new and existing infrastructure projects across the region, the Government's ten-year infrastructure investment pipeline will increase from USD 100 billion to USD 120 billion.
• Furthermore, the COVID-19 outbreak has acted as a catalyst for change and has reiterated the need to pay attention to how facilities are managed and services are delivered. Moreover, at the time of COVID-19, the market has observed a significant surge in soft services like cleaning and disinfection services, creating significant market opportunities.

Australia Facility Management Industry Segmentation

Facility management confines multiple disciplines to ensure functionality, comfort, safety, and efficiency of any building by integrating people, place, process, and technology. While Hard services include physical and structural services like fire alarm system lifts, among others, soft services include cleaning, landscaping, security, and similar human-sourced services, providing a solution to end-users such as Commercial Buildings, Retail, Government, Public Entities, etc.

The Australia Facility Management Market is Segmented by Type of Facility Management ( In-house FM Service, Outsourced FM Service (Single FM, Bundled FM, Integrated FM)), by Offering Type ( Hard FM, Soft FM), and by End-User (Commercial, Institutional, Public/ Infrastructure, Industrial).