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Taiwan Facility Management Market Size (2024 - 2029)

The Taiwan Facility Management Market is poised for growth, driven by advancements in digitalization and technology, which are enhancing productivity and service delivery. The increasing emphasis on sustainability and the need for innovative solutions to address CO2 emissions are shaping the market's value and service requirements. Economic expansion through commercial and infrastructural investments is further propelling the demand for facility management services. Despite challenges posed by the COVID-19 pandemic, such as regulatory compliance and reduced project activity, the market is adapting to integrate new technologies and maintain its growth trajectory.

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Market Size of Taiwan Facility Management Industry

Taiwan Facility Management Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 2.50 %
Market Concentration Low

Major Players

Taiwan Facility Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Taiwan Facility Management Market Analysis

The Taiwan Facility Management Market is expected to grow at a CAGR of 2.50% over the forecast period 2022 to 2027. Taiwan is supposed to be one of the biggest outsourced markets for facility management services in terms of maturity and sophistication.

  • Digitalization has been changing and penetrating all industries and businesses, including the FM industry, since the outbreak of the Covid-19 crisis, trends such as paperless offices, mobile working, and video conferencing. Technological advances such as artificial intelligence, cloud computing, and IoT have created a whole new range of levels for productivity improvement across the Globe. Bringing all these two factors together - the acceptance and availability of new technologies - raises the expectation that significant disruptions will bring significant productivity improvements to industries such as Facility management.
  • Sustainability awareness significantly impacts the Taiwan FM market's value and service needs. With the increase in CO2 emission from the end-user industry, there is more and more requirement for FM businesses to tackle the situation in innovative ways with better business models and technology in workplace management.
  • The country has been expanding its economy by investing in commercial and infrastructural projects, which will lead to the FM industry's progress in the region. For instance, Government agencies proposed an NTD 180 billion infrastructure development plan for the fourth phase of the country's forward-looking infrastructure development plan. These developments will require facility management services to maintain sustained building structures that are expected to drive the growth of the market.
  • The FM Industry in Taiwan has been experiencing a shift toward adopting new technologies. With this comes challenges like successfully integrating technology with humans in an effective and cost-efficient way and Interpreting data in meaningful structures which could be easily interpreted by people working in the industry.
  • The outbreak of COVID-19 has had a mixed business impact on facilities management firms in Taiwan, with halted business. The FM Industry has been able to cope with new regulatory laws and Framework compliance like ISO 41001 and ISO 41000. The restrictions on the movement of people resulted in a decline in project work and a decreased level of activity across many customer sites. Significant players in the market, such as CBRE Group, Diversy Holdings Ltd, and others, were adversely affected due to the pandemic lockdown.

Taiwan Facility Management Industry Segmentation

Facility management (FM) is the sector or industry that incorporates many disciplines to ensure the safety, functionality, comfort, and efficiency of the built environment by integrating people, processes, places, and technology. The Taiwan Facility Management Market is segmented by Type of Facility Management, By Offering, and End-user.

By Facility Management Type
In-House Facility Management
Outsourced Facility Management
Single FM
Bundled FM
Integrated FM
By Offerings
Hard FM
Soft FM
By End-User
Commercial
Institutional
Public/Infrastructure
Industrial
Others
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Taiwan Facility Management Market Size Summary

The Taiwan Facility Management (FM) Market is poised for growth, driven by the country's status as a mature and sophisticated outsourced market for FM services. The integration of digitalization and technological advancements such as artificial intelligence, cloud computing, and IoT is reshaping the industry, enhancing productivity and service delivery. The emphasis on sustainability, propelled by government initiatives like the carbon neutrality target and green infrastructure projects, is further influencing the market dynamics. These developments necessitate innovative FM solutions to manage and maintain infrastructure effectively. The ongoing expansion of commercial and infrastructural projects, supported by significant government investment, underscores the critical role of FM services in sustaining and enhancing Taiwan's economic growth.

The competitive landscape of the Taiwan FM market is characterized by the presence of diverse firms, including major players like CBRE Group, Diversey Holdings Ltd, and ISS A/S. The market is expected to witness strategic partnerships, mergers, and acquisitions as companies seek to navigate current challenges and capitalize on growth opportunities. The strong demand for FM services is fueled by the robust real estate market, with increasing investments in industrial and commercial properties. As economic conditions strengthen, the demand for comprehensive FM solutions to support business operations and infrastructure maintenance is anticipated to rise, positioning the FM industry as a key contributor to Taiwan's future development.

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Taiwan Facility Management Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porters Five Forces Analysis

      1. 1.2.1 Threat of New Entrants

      2. 1.2.2 Bargaining Power of Buyers/Consumers

      3. 1.2.3 Bargaining Power of Suppliers

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Assessment of Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Facility Management Type

      1. 2.1.1 In-House Facility Management

      2. 2.1.2 Outsourced Facility Management

        1. 2.1.2.1 Single FM

        2. 2.1.2.2 Bundled FM

        3. 2.1.2.3 Integrated FM

    2. 2.2 By Offerings

      1. 2.2.1 Hard FM

      2. 2.2.2 Soft FM

    3. 2.3 By End-User

      1. 2.3.1 Commercial

      2. 2.3.2 Institutional

      3. 2.3.3 Public/Infrastructure

      4. 2.3.4 Industrial

      5. 2.3.5 Others

Taiwan Facility Management Market Size FAQs

The Taiwan Facility Management Market is projected to register a CAGR of 2.5% during the forecast period (2024-2029)

CBRE Inc., Diversey Holdings, Ltd, G4S Limited, AssetPlus Taiwan Limited and ISS A/S are the major companies operating in the Taiwan Facility Management Market.

Taiwan Facility Management Report Snapshots

Taiwan Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)