Market Share of Singapore Facility Management Industry
The Singapore facility management market is fragmented, with the presence of diverse firms of different sizes. This market is anticipated to encounter a number of partnerships, mergers, and acquisitions as organizations continue to invest strategically in offsetting the present slowdowns that they are experiencing. Clients in this region are employing FM services to increase the ease of their business operations. The market comprises key solutions and service providers, such as ISS A/S, CBRE Group Inc., CBM Pte Ltd, ENGIE Services Singapore (Engie SA), and Sodexo Singapore Pte. Ltd. (Sodexo Group).
The FM vendors are incorporating a powerful competitive strategy by leveraging their expertise. In addition, they are spending a significant amount on advertising.
Major vendors in the market are further focusing on offering integrated solutions to attract consumers. FM vendors are incorporating technologies into their services, adding strength to their service portfolio.
Smaller and new vendors in the market are expected to focus on maintaining cost-benefit over major vendors, further intensifying the competition in the country. A significant share of the focus will be directed toward the private sector compared to the public sector in the country.
Quality certification, service offerings, costs, technical capabilities, and technology are important factors for attracting new contracts.
Singapore Facility Management Market Leaders
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ISS A/S
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CBRE Group Inc.
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CBM Pte Ltd
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ENGIE Services Singapore (ENGIE SA)
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Sodexo Singapore Pte. Ltd. (Sodexo Group)
*Disclaimer: Major Players sorted in no particular order
