The Africa facility management is projected to grow at a high rate on account of surging number of tourists in the countries such as Egypt and South Africa. Moreover, rising adoption of facility management services in verticals such as hospitality, residential and commercial sector entwined with rising government spending toward the construction activities are fueling the demand for facility management in the country. Apart from this, the adoption of advanced technologies such as augmented reality, IoT, increasing presence of international players in the country and paradigm shift of the corporate offices such as IT, BPO toward outsourcing their services are is anticipated to place a lucrative opportunity for the growth of the facility management in the forecast period.
According to MarkNtel Advisors’ research report titled “Africa Facility Management Market Analysis, 2020”, the facility management market is projected to grow at a CAGR of 7% during 2020-25. The governments and businesses in Africa are gradually investing in introducing smart buildings along with boost in spending toward the infrastructure development to increase the extent of tourist arrival which is projected to result in a window of opportunities to the companies providing facility management services. Moreover, the rising inclination toward outsourced services and launch of innovative facility management services is driving the growth of the market.
The Africa facility management is projected to grow at a high rate on account of surging number of tourists in the countries such as Egypt and South Africa. Moreover, rising adoption of facility management services in verticals such as hospitality, residential and commercial sector entwined with rising government spending toward the construction activities are fueling the demand for facility management in the country. Apart from this, the adoption of advanced technologies such as augmented reality, IoT, increasing presence of international players in the country and paradigm shift of the corporate offices such as IT, BPO toward outsourcing their services are is anticipated to place a lucrative opportunity for the growth of the facility management in the forecast period.
Africa Facility Management Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the market potential, regional opportunities, key factors impacting sales and purchase decision, hotspots and growth opportunities available for facility management firms across the region. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the competition assessment, formulation of Go to Market Strategies and identifying the blue ocean for their offerings.
Based on type, hard facility management services acquired the highest market share in the African facility management market in 2019, primarily led by HVAC and electrical maintenance and plumbing. The expansion of real estate and increasing construction of buildings, retail malls, hotels and corporate offices have positively contributed to the demand for hard facility management services, However, with the growing number of hard FM service providers in the region, the bargaining power of end users of these services is increasing substantially. Eventually, the FM service prices has been witnessing a gradual decline, and the same trend is expected during the upcoming years as well as stated in the MarkNtel Advisors’ research report “Africa Facility Management Services Market Analysis, 2020”.
According to MarkNtel Advisors, the key players in the Africa Facility Management market are Bidvest, Tsebo, Broll Property, Excellerate Services, Atalian Servest, and Others.
Industry Segmentation:
Key questions answered in the study: